Operatives of the Economic and Financial Crimes Commission have arrested the Chief Executive Officer of Gavice Logistics Limited, Ahamba Tochukwu, for allegedly defrauding several investors in his logistics investment schemes to the tune of ₦2 billion.
In a statement issued on Wednesday in Abuja, the EFCC said Tochukwu, through Gavice Logistics Limited, rolled out elaborate investment plans covering haulage, courier, and e-commerce services, while promising investors a 50 per cent return on investment.
The statement, signed by the commission’s Head of Media and Publicity, Dele Oyewale, added that investigations revealed Tochukwu collected more than ₦2 billion from 400 investors, who have since been unable to recover their capital.
It noted that the suspect went into hiding with the funds in November 2024 but has now been apprehended by the EFCC operatives and is currently being interrogated over the alleged Ponzi scheme.
The EFCC advised Nigerians to be wary of patronising unverified investment schemes.
“With his arrest, members of the public are advised to desist from patronising unverified pyramid schemes and fraudulent investment promoters in order to avoid being defrauded,” the EFCC warned.
According to reports the commission had, on May 12, warned Nigerians, particularly the youth, to steer clear of Ponzi schemes, which it described as destructive and a threat to national security and economic growth.
This was after it raised the alarm that 58 illegal Ponzi scheme operators defrauded Nigerians under the guise of investment opportunities.
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