The Economic and Financial Crimes Commission (EFCC) has arrested Ahamba Tochukwu, CEO of Gavice Logistics Limited, for allegedly operating a fraudulent investment scheme that defrauded investors of more than ₦2 billion.

EFCC investigators said Tochukwu enticed investors with promises of 50 percent returns through supposed haulage, courier, and e-commerce ventures under Gavice Logistics. The scheme reportedly drew over 400 investors from across Nigeria.

By November 2024, investors were reportedly unable to access their capital or returns, as Tochukwu allegedly absconded with the funds. EFCC operatives later traced and apprehended him, and interrogations are ongoing to uncover the full scope of his operations.

The Commission warned the public to exercise caution and avoid unverified pyramid or Ponzi schemes, stressing that promoters of such fraudulent ventures will face prosecution under the law.