HomeNEWSFleeing Ponzi Scheme Operator, Omotade-Sparks Amos Sewanu Nabbed By EFCC

Fleeing Ponzi Scheme Operator, Omotade-Sparks Amos Sewanu Nabbed By EFCC

The Sokoto Zonal Office of the Economic and Financial Crimes Commission has arrested Omotade-Sparks Amos Sewanu, operator of the Inks Nation Ponzi Scheme.

Authorities at the antigraft agency say 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.

READ ALSO: Again, 36 feared killed as suspected herdsmen invade Benue community

He had floated a phoney 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.

Share this story
Written by

Signature TV is a multi-media company, owners and operators of signaturetv.org and producers of The Signature Show on AIT and Corruption Tori. Our programmes are broadcast on the AIT Network and on Seven NTA stations across the country. We are content providers for a number of television networks and some State TV stations, with a respected 24/7, high online and offline followership. We are also Communications/Media Consultants to MacArthur Foundation, Ford Foundation and OSIWA.

No comments

Leave a Reply

Daily Updates

Subscribe to get news updates