The Sokoto Zonal Office of the Economic and Financial Crimes Commission (EFCC) have arrested Omotade-Sparks Amos Sewanu, operator of the Inks Nation Ponzi Scheme. The suspect, who had been at large, was finally arrested on Thursday May 27, 2021 and has confessed.
Omotade-Sparks who hails from Badagry was declared wanted by the EFCC in November 2020 after efforts to apprehend him failed. He is the alleged mastermind of a huge pyramid investment scheme through which many citizens were defrauded of monies to the tune of N32, 000, 000.
He floated a phony online digital currency called “Pinkoin” and lured many Nigerians to invest between N1, 000 to N100, 000 with a promise of unrealistic returns and went ahead to distribute a payment card called “Pink Card” to further confuse his victims.
Omotade-Sparks equally made false claims that he was in partnership with the EFCC to persuade people to invest in his devious scheme.The scammer was not licensed to operate a financial institution and will be arraigned in court at the conclusion of investigations.