EFCC ARRESTS GAVICE LOGISTICS CEO OVER ALLEGED N2BN PONZI SCHEME FRAUD
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By Aishat Momoh. O.
The Economic and Financial Crimes Commission (EFCC) has arrested the Chief Executive Officer of Gavice Logistics Limited, Ahamba Tochukwu, for allegedly defrauding investors of over N2 billion through a Ponzi scheme.
According to the EFCC, Tochukwu lured unsuspecting investors with promises of 50 percent returns on investment (ROI) in logistics ventures spanning haulage, courier, and e-commerce services.
Investigations revealed that more than 400 investors subscribed to the scheme but were unable to recover their capital and returns after Tochukwu allegedly disappeared with the funds in November 2024.
He was eventually tracked down and apprehended by EFCC operatives, who are currently interrogating him over the alleged fraud.
The anti-graft agency cautioned members of the public to avoid patronising unverified investment platforms, especially pyramid and Ponzi schemes, to prevent falling victim to fraudsters.
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