Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested Ahamba Tochukwu, Chief Executive Officer of Gavice Logistics Limited, over an alleged fraud running into N2,000,000,000. The anti-graft agency disclosed that Tochukwu lured unsuspecting Nigerians into bogus logistics investment schemes.
According to investigators, the suspect rolled out investment plans covering haulage, courier, and e-commerce services, while promising investors a mouthwatering fifty percent Return on Investment, ROI. “Tochukwu, through Gavice Logistics Limited, raked in more than N2 billion from over 400 investors who can no longer access their capital and ROI since November 2024,” EFCC sources said.
The agency explained that the suspect suddenly disappeared after collecting the funds, leaving hundreds of victims stranded. The EFCC confirmed that its operatives, acting on intelligence, eventually tracked down and arrested Tochukwu, who is currently being grilled over what has been described as another Ponzi scheme disguised as a logistics investment.
“With his arrest, members of the public are enjoined to desist from patronising unverified pyramid schemes and fraudulent investment promoters to avoid being defrauded,” the EFCC stated, warning that quick money offers in the name of investment often end in massive losses for investors.