Headlines
EFCC nabs fleeing Ponzi scheme operator in Sokoto
Owolola Adebola
The Sokoto Zonal Office of the Economic and Financial Crimes Commission has 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 made a useful statement.
Omotade-Sparks, who hails from Badagry Lagos State, 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 over Thirty-Two Million Naira.
He had floated a phony online digital currency called “Pinkoin” which lured many Nigerians to invest between One Thousand Naira to One Hundred Thousand Naira 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. He will be arraigned in court at the conclusion of the investigation.
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Headlines
Open Letter to President Bola Ahmed Tinubu on the need to assent to the Nigerian Shipping and Ports Economic Regulatory Agency(NSPERA) bill
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