Investigations showed that he raked in more than N2billion from 400 investors who could no longer access their capital and ROI.
Ahamba Tochukwu, Chief Executive Officer, CEO, Gavice Logistics Limited has been arrested by operatives of the Economic and Financial Crimes Commission, EFCC.
He is alleged to have defrauded several investors in his logistics investment schemes to the tune of N2,000,000,000 (Two billion Naira only).
Tochukwu, through Gavice Logistics Limited, rolled out elaborate investment plans spanning haulage, courier and e-commerce services and dangled fifty percent Returns on Investment, ROI, to his investors.
Investigations showed that he raked in more than N2billion from 400 investors who could no longer access their capital and ROI owing to the fact that Tochukwu, since November 2024, disappeared into thin air with his investors’ funds. He was however caught by EFCC’s gallant operatives who are busy grilling him on his alleged fraudulent Ponzi scheme.
With his arrest, members of the public are enjoined to desist from patronising unverified pyramid schemes and fraudulent investment promoters to avoid being defrauded.