Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested the chief executive officer (CEO) of Gavice Logistics Limited, Ahamba Tochukwu, for allegedly defrauding several investors in his logistics investment schemes to the tune of N2,000,000,000.
EFCC spokesperson, Dele Oyewale, who confirmed the arrest, said Tochukwu, through Gavice Logistics Limited rolled out elaborate investment plans spanning haulage, courier and e-commerce services and dangled 50 per cent returns on investment to his investors.
According to him, “Investigations showed that he raked in more than N2 billion from 400 investors who could no longer access their capital and ROI owing to the fact that Tochukwu, since November 2024, disappeared into thin air with his investors’ funds. He was, however, caught by EFCC’s gallant operatives who are busy grilling him on his alleged fraudulent Ponzi scheme.
“With his arrest, members of the public are enjoined to desist from patronising unverified pyramid schemes and fraudulent investment promoters to avoid being defrauded.”
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