EFCC arrests Gavice Logistics CEO, Ahamba Tochukwu, for allegedly running a ₦2 billion Ponzi scheme that defrauded investors.
In a major crackdown on financial crime, the Economic and Financial Crimes Commission (EFCC) has arrested Ahamba Tochukwu, Chief Executive Officer of Gavice Logistics Limited, for allegedly masterminding a massive Ponzi scheme.
According to EFCC investigators, Tochukwu lured investors with promises of high returns through a supposed logistics investment scheme, but the venture allegedly turned out to be fraudulent. The scam is said to have defrauded unsuspecting Nigerians of over ₦2 billion.
Preliminary findings reveal that instead of investing the funds, Tochukwu allegedly diverted the money into personal use. Dozens of victims have already filed petitions with the EFCC, narrating how they lost millions to the scheme.
The anti-graft agency confirmed that Tochukwu will face charges once investigations are concluded. Meanwhile, the EFCC has urged the public to be vigilant and avoid investment opportunities that promise unrealistic returns, warning that Ponzi schemes remain a serious threat to financial stability in Nigeria.
This arrest highlights the EFCC’s renewed commitment to exposing fraudulent investment platforms and ensuring justice for victims.
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