Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested the Chief Executive Officer, CEO, Gavice Logistics Limited, Ahamba Tochukwu for allegedly defrauding several investors in his logistics investment schemes to the tune of N2,000,000,000.
Tochukwu, through Gavice Logistics Limited, rolled out elaborate investment plans spanning haulage, courier and e-commerce services and dangled fifty percent Returns on Investment, ROI, to his investors.
This was contained in a statement by the anti-graft agency shared on its Facebook page on Wednesday night.
Investigations showed that he raked in more than N2billion 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.
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He was however caught by EFCC’s operatives who are currently grilling him on his alleged fraudulent Ponzi scheme.
The EFCC advised that, with his arrest, members of the public are enjoined to desist from patronising unverified pyramid schemes and fraudulent investment promoters to avoid being defrauded.