Investors Urge EFCC To Recover Trapped Funds From Arrested Ponzi Scheme Promoter

SUBSCRIBERS in the Garvice Logistics Limited’s 50 per cent Return on Investment (ROI) in Umuahia, the Abia State capital have appealed to the Economic and Financial Crimes Commission (EFCC) to help them recover the funds they had invested in the scheme.
While commending EFCC for arresting the promoter and Chief Executive Officer of the company, Ahamba Tochukwu, said their major concern remained how EFCC would assist them to recover their trapped funds.
Recall that EFCC, on Wednesday, September 3, announced Tochukwu’s arrest for allegedly defrauding several investors in his logistics investment schemes to the tune of N2,000,000,000 (two billion naira only).
In a statement by its Head of Media and Publicity, Dele Oyewale, the Commission said Ahamba promoted Gavice Logistics as a diversified business spanning haulage, courier and e-commerce services, adding that its investigations revealed that the suspect collected over N2billion from 400 investors who have since been unable to recover their capital.
It noted that the suspect went into hiding with the funds in November last year, but had been arrested and being interrogated over the alleged Ponzi scheme.
The anti-graft agency, once again, advised Nigerians to be wary of patronising unverified investment schemes, adding: “With his arrest, members of the public are advised to desist from patronising unverified pyramid schemes and fraudulent investment promoters in order to avoid being defrauded.”
In their reactions to his arrest, some investors in the dubious claimed that their huge capital, as well as the advertised interests were not paid to them, appealling to EFCC to go beyond the suspect’s arrest by recovering their funds from him.
The residents, including Mhiz Favy, Samy Tech, Ndubuisi Agbakoma Tobias and Harrison Limo called for immediate recovery and refund of investors’ funds.
“His arrest is okay, but what I need now is my hard-earned cash,” Tobias told Daily Post.
Despite the repeated warnings by the Central Bank of Nigeria and other relevant financial authorities, many Nigerians have continued to patronise different such schemes.