Connect with us

Metro

EFCC arrests fleeing Ponzi Scheme operator in Sokoto

Published

on

The Economic and Financial Crimes Commission (EFCC) has arrested the operator of Inks Nation Ponzi Scheme Omotade-Sparks Amos Sewanu, in Sokoto State.

The EFCC Head of Media and Publicity, Wilson Uwujaren, who disclosed this in a statement sent to Ripples Nigeria, said Omotade-Sparks who has been at large, was finally arrested on Thursday.

According to him, the suspect has made useful statement to the commission’s operatives.

Uwujaren said: “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 N32 million.

READ ALSO: EFCC arrests ponzi scheme operators in Port Harcourt

“He had floated a phony online digital currency called ‘Pinkoin’ which 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. He will be arraigned in court at the conclusion of investigation.”

Join the conversation

Opinions

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

one × 1 =

Investigations