The Economic and Financial Crimes Commission (EFCC) has arrested Mr. Ahamba Tochukwu, Chief Executive Officer of Gavice Logistics Limited, for allegedly masterminding a Ponzi-style investment fraud estimated at over ₦2 billion.
According to EFCC investigators, Tochukwu lured unsuspecting investors through Gavice Logistics with promises of mouth-watering returns on investment (ROI) of up to 50 percent. The company projected its operations as spanning haulage, courier, and e-commerce services, convincing hundreds of Nigerians to invest.
Preliminary findings revealed that more than 400 individuals subscribed to the scheme, collectively committing over ₦2 billion. Trouble reportedly began in November 2024 when Tochukwu suddenly disappeared and investors could no longer access either their capital or the promised ROI.
EFCC operatives eventually tracked and apprehended him after months on the run. He is currently being interrogated at the Commission’s headquarters, where investigators are piecing together how the funds were allegedly diverted.
The anti-graft agency has advised members of the public to exercise caution and avoid patronizing unlicensed investment promoters and unverified business schemes, warning that Ponzi operations remain a recurring threat to financial security in Nigeria.
