Operatives of the Uyo Zonal Directorate of the Economic and Financial Crimes Commission (EFCC), have commenced investigations of 32 suspects arrested on Tuesday, October 14, 2025 for suspected ponzi-style investment and employment scam at multiple locations in Uyo, Akwa Ibom State. The suspects are Miracle Samuel, Christopher Samuel, Yohana Sabo, Ahmed Abdulahi Yarima, Reuben Ezekiel,…
Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested Ahamba Tochukwu, Chief Executive Officer, CEO, Gavice Logistics Limited for allegedly defrauding several investors in his logistics investment schemes to the tune of N2 billion. Tochukwu, through Gavice Logistics Limited, rolled out elaborate investment plans spanning haulage, courier and e-commerce services and dangled fifty…
The Ondo State Police Command says it has rescued 20 persons allegedly held hostage by a Ponzi scheme syndicate in the Oba-Ile area of Akure North Local Government Area. Parading the suspect before journalists on Friday in Akure, the state commissioner of police, Wilfred Afolabi, disclosed that the victims were lured into a fraudulent investment…
The Securities and Exchange Commission (SEC) said on Thursday that it has uncovered another suspected illegal investment platform identified as TOFRO.COM (Tofro), warning Nigerians against falling for their antics to obtain money from them through promise of usually high returns. The commission raised the alarm in a notice issued and made available to journalists. In…
Alexander Ozougwu, an Uyo-based lawyer has been arraigned by the Economic and Financial Crimes Commission (EFCC) before the Federal High Court in Uyo, Akwa Ibom State, for allegedly defrauding his victims of N1.323 billion. According to the EFCC’s Head of Media & Publicity, Mr. Dele Oyewale, Ozougwu faces charges under Section 18(3) of the Money…
The Economic and Financial Crimes Commission, EFCC, has alerted Nigerians on the operations of 58 companies posturing as investing entities and defrauding innocent Nigerians of their hard-earned money. In a statement signed by Dele Oyewale, Head, Media & Publicity of the EFCC, Tuesday, the commission said the companies are neither registered with the Central Bank…
