By Deborah Hassan
365Daily – The Economic and Financial Crimes Commission (EFCC) has caught a wanted ponzi scheme Operator, Omotade-Sparks Amos Sewanu, in Sokoto State.
The arrest was made by operatives of the Sokoto Zonal Office of the EFCC on Thursday, May 27, 2021.
A statement by the Head of the anti-graft agency, Wilson Uwujaren, said in a statement issued on Friday, May 28, 2021, that the accused was the operator of the Inks Nation Ponzi Scheme.
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 alleged to be the mastermind of a huge pyramid investment scheme through which many citizens were defrauded of monies to the tune of over Thirty Two Million Naira.
The agency said Omotade-Sparks 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.
It added that Omotade-Sparks equally made false claims that he was in partnership with the EFCC to persuade people to invest in his devious scheme.
According to the statement, the accused was not licensed to operate a financial institution.
It added that he will be arraigned in Court at the conclusion of investigation.