Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested the Chief Executive Officer of Gavice Logistics Limited, Ahamba Tochukwu, for allegedly defrauding hundreds of investors in a bogus logistics investment scheme valued at over ₦2 billion.
In a statement issued on Wednesday in Abuja, EFCC spokesperson Dele Oyewale said Tochukwu lured unsuspecting investors with elaborate plans covering haulage, courier, and e-commerce services, promising them a 50 per cent return on investment.
Investigations revealed that more than 400 investors paid into the scheme but were unable to recover their capital after the company collapsed. According to the commission, Tochukwu went into hiding with the funds in November 2024 before his recent arrest.
The suspect is currently in EFCC custody and undergoing interrogation.
The anti-graft agency used the arrest to caution Nigerians against patronising unverified investment platforms, describing Ponzi schemes as a major economic threat.
“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.
