EFCC arrest Gavice Logistics CEO, Ahamba Tochukwu, for defrauding investors of N2bn through fake logistics investment schemes

The EFCC arrest Gavice Logistics CEO, Ahamba Tochukwu, has sent shockwaves through Nigeria’s business community after investigators linked him to a massive N2 billion investment fraud.

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Tochukwu, Chief Executive Officer of Gavice Logistics Limited, allegedly lured investors with promises of a staggering 50% Return on Investment (ROI) across haulage, courier, and e-commerce services.

According to the Economic and Financial Crimes Commission, more than 400 investors fell victim to the scheme.

Since November 2024, many were unable to access their capital or promised returns as Tochukwu allegedly vanished with their funds.

The EFCC confirmed that the suspect was tracked down and is currently being interrogated by operatives over what authorities described as a “fraudulent Ponzi scheme.”

Officials cautioned the public against falling prey to unverified investment schemes disguised as logistics or technology ventures, noting that fraudulent promoters often promise unrealistic returns to lure unsuspecting investors.

This arrest is being celebrated as a significant win in Nigeria’s ongoing fight against financial crimes, but it also serves as a stark reminder that greed-driven investment traps remain a major threat.

With N2 billion gone and hundreds of victims left devastated, financial watchdogs insist due diligence is the first line of defense.

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The EFCC reiterated its commitment to protect citizens from fraudsters, urging Nigerians to remain vigilant and report suspicious investment opportunities.