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EFCC: Logistics CEO Arrested For alleged N2 billion Ponzi Scheme Fraud

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9 months ago

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The Economic and Financial Crimes Commission (EFCC) has arrested Mr. Ahamba Tochukwu, Chief Executive Officer of Gavice Logistics Limited, over allegations of defrauding hundreds of investors through a Ponzi-style logistics investment scheme worth an estimated N2 billion.

According to the EFCC, Tochukwu promoted Gavice Logistics as a diversified business spanning haulage, courier, and e-commerce services.

“Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested Ahamba Tochukwu, Chief Executive Officer, CEO, Gavice Logistics Limited, for allegedly defrauding several investors in his logistics investment schemes to the tune of N2,000,000,000( Two billion Naira only),” the statement read.

He reportedly enticed investors with elaborate packages that promised as much as 50% returns on investment (ROI).,and..  Read . .More —

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