Ahamba Tochukwu, the CEO of Gavice Logistics Limited, has been detained by Economic and Financial Crimes Commission agents on charges of cheating many investors out of ?2 billion through his logistics investment schemes.  

Tochukwu, through Gavice Logistics Limited, unveiled complex investment plans encompassing haulage, courier, and e-commerce services, guaranteeing investors a 50% return on investment, according to an EFCC statement released in Abuja on Wednesday.  

Investigations showed that Tochukwu had taken more than ?2 billion from 400 investors, who have since been unable to recoup their money, according to the statement, which was signed by Dele Oyewale, the commission's head of media and publicity.

It stated that although the suspect fled with the money in November 2024, EFCC agents have since found him and are questioning him about the purported Ponzi scheme.  

Nigerians were cautioned by the EFCC not to support unreliable investment schemes.

“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.

Source