EFCC nabs fleeing ponzi scheme operator in Sokoto

• The suspect was declared wanted after efforts to apprehend him failed

• He has defrauded citizens of monies to the tune of N32,000,000

• He floated an online digital currency called “Pinkoin”

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

The fleeing suspect was finally arrested on Thursday, May 27, 2021, after he was declared wanted by the EFCC in November 2020 after efforts to arrest him failed and has confessed his crime.

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 an 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.

He was not licensed to operate a financial institution and will be arraigned in court at the conclusion of investigations.