Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested the Chief Executive Officer of Gavice Logistics Limited, Ahamba Tochukwu, for allegedly defrauding several investors in his logistics investment schemes to the tune of ₦2 billion.
The EFCC stated that Tochukwu, through Gavice Logistics Limited, promised investors a 50% return on investment for haulage, courier, and e-commerce services.
The commission’s Head of Media and Publicity, Dele Oyewale, signed the statement.
Investigations revealed that Tochukwu collected over ₦2 billion from 400 investors, who have since been unable to recover.
The EFCC urged Nigerians to be wary of patronizing unverified investment schemes.
“With his arrest, members of the public are advised to desist from patronizing unverified pyramid schemes and fraudulent investment promoters in order to avoid being defrauded,” the EFCC warned.
Chronicle NG reports that the commission had, on May 12, warned Nigerians, particularly the youth, to steer clear of Ponzi schemes, which it described as destructive and a threat to national security and economic growth.
This was after the commission raised the alarm that 58 illegal Ponzi scheme operators defrauded Nigerians under the guise of investment opportunities.
