Ponzi scheme: Umuahia investors beg EFCC to recover trapped funds from arrested businessman
Many subscribers in Abia State, who invested huge money in a “50% Return on Investment”, ROI, in Garvice Logistics Limited, Umuahia, have appealed to the Economic and Financial Crimes Commission, EFCC, to help them in recovering their money.
The investors, while thanking the EFCC for arresting the promoter of the investment company, said their major concern was for the EFCC to recover their trapped money from the arrested Chief Executive Officer of the company, Mr Ahamba Tochukwu.
EFCC had on Wednesday, announced the arrest of Mr Ahamba for allegedly defrauding several investors in his logistics investment schemes to the tune of N2,000,000,000 (Two billion Naira only).
Tochukwu, through Garvice Logistics Limited, allegedly rolled out investment opportunities in haulage, courier and e-commerce services and offered his subscribers a fifty percent jump in their investment, an offer that attracted many investors, particularly the youths and students.
He was alleged to have raked-in over N2 billion from about 400 investors in the last quarter of 2024 but allegedly disappeared with the investors’ funds, until his arrest by the EFCC.
Reacting to the development, some Abia residents, who claimed that their huge capital and the advertised interests were not paid to them, begged the EFCC to go beyond the arrest of the company Chief Executive Officer but to recover their money 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”, said Tobias
DAILY POST reports that despite the repeated warnings by the Central Bank of Nigeria and other relevant financial authorities, many Nigerians have continued to patronise different private business offers, losing their money in most cases.
Ponzi scheme: Umuahia investors beg EFCC to recover trapped funds from arrested businessman
