THE Economic and Financial Crimes Commission (EFCC) has arrested Ahamba Tochukwu, Chief Executive Officer of Gavice Logistics Limited, over allegations of defrauding hundreds of investors in a purported logistics investment scheme amounting to N2 billion.
According to the EFCC, Tochukwu, through Gavice Logistics Limited, launched investment schemes covering haulage, courier, and e-commerce services, luring investors with promises of a 50 per cent return on investment (ROI).
Investigations revealed that the suspect allegedly collected over N2 billion from more than 400 investors, many of whom have since been unable to recover either their capital or promised returns. Authorities said Tochukwu went into hiding in November 2024 but was later apprehended by operatives of the agency.
