By Amofokhai Williams
In a dramatic crackdown, the Economic and Financial Crimes Commission (EFCC) has arrested Ahamba Tochukwu, CEO of Gavice Logistics Limited, for allegedly masterminding a N2 billion Ponzi scheme that left hundreds of investors reeling.
The sensational bust has sent shockwaves through Nigeria’s investment community, exposing a web of deceit spanning haulage, courier, and e-commerce ventures.
A statement issued by EFCC‘s spokesman, Dele Oyewale on Wednesday said Tochukwu is accused of luring over 400 investors with promises of a jaw-dropping 50% return on investment through his company’s logistics schemes.
However, the EFCC alleged he pocketed over N2 billion before vanishing in November 2024, leaving investors unable to access their capital or promised profits.
The agency’s operatives tracked down the fugitive CEO, who is now under intense interrogation for his alleged role in the fraudulent operation.
The EFCC has issued a stark warning to the public, urging Nigerians to steer clear of unverified pyramid schemes and dubious investment promoters to avoid falling victim to similar scams.
As the investigation unfolds, the arrest marks a bold move to curb financial fraud and protect unsuspecting citizens from predatory schemes.
