Crime
From Logistics To Lies: EFCC Nabs Gavice Boss Over N2bn Ponzi Scam
The Economic and Financial Crimes Commission (EFCC) has arrested Ahamba Tochukwu, the Chief Executive Officer of Gavice Logistics Limited, in connection with an alleged N2 billion Ponzi scheme that left hundreds of investors stranded.
Tochukwu, who had projected himself as a rising star in Nigeria’s logistics sector, lured unsuspecting victims with grand investment packages in haulage, courier, and e-commerce ventures. He promised jaw-dropping returns of up to 50 percent—offers too irresistible for more than 400 investors who bought into his scheme.
But the dream quickly unraveled. By November 2024, Tochukwu reportedly vanished, leaving investors unable to recover their capital or the promised returns. EFCC operatives eventually tracked him down, and he is now being interrogated over the alleged fraud.
The anti-graft agency has urged Nigerians to exercise caution and avoid falling prey to pyramid-style investment schemes dressed up as legitimate businesses.
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