By Chioma Iruke
Nigeria’s anti-graft agency the Economic and Financial Crimes Commission (EFCC) has arrested an operator of the “Inks Nation ponzi scheme”, one Amos Omotade-Sparks for allegedly defrauding people to the tune of N32 million.
A statement issued by the spokesman of EFCC, Wilson Uwujaren, yesterday said the suspect was arrested in Sokoto.
The anti-graft agency said Omotade-Sparks, a native of Badagry in Lagos State, was declared wanted in November 2020 for masterminding a “huge pyramid investment scheme”.
The agency noted that the suspect had floated an online digital currency, which he had urged people to invest in.
The statement reads: “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 investigation.”
