In a statement on Wednesday, the EFCC said Tochukwu, through his company, enticed investors with promises of a 50 per cent return on investments in haulage, courier, and e-commerce services.
According to the commission’s spokesperson, Dele Oyewale, over 400 individuals invested in the scheme but have been unable to recover their money. Investigations revealed that Tochukwu fled with the funds in November 2024 before being tracked and apprehended. He is currently in EFCC custody and undergoing interrogation over what the agency described as a Ponzi scheme.
The EFCC further cautioned Nigerians against falling for unverified investment offers.
“With this arrest, we urge members of the public to avoid patronising pyramid schemes and fraudulent investment promoters to prevent being defrauded,” the statement added.
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