The Economic and Financial Crimes Commission (EFCC) has arrested Ahamba Tochukwu, the Chief Executive Officer of Gavice Logistics Limited, over allegations of operating a Ponzi scheme that defrauded hundreds of Nigerians of about ₦2 billion.
According to the EFCC, Tochukwu lured over 400 investors into his logistics and e-commerce investment platform with promises of mouth-watering returns of up to 50 percent. However, since November 2024, investors have been unable to access either their capital or promised profits, prompting petitions that led to his arrest.
In a statement, the anti-graft agency confirmed that Tochukwu is currently in custody and undergoing interrogation. The Commission also reiterated its warning to the public to steer clear of unverified investment platforms that promise unrealistic returns.
Meanwhile, affected investors in Umuahia, Abia State, have appealed to the EFCC not only to prosecute Tochukwu but also to help recover and refund their trapped funds. One of the investors, who gave his name as Tobias, said: “His arrest is okay but what I need now is my hard-earned cash.”
The EFCC stated that investigations are ongoing, and further details will be made public as the case progresses.
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