The Sokoto Zonal Office of the Economic and Financial Crimes Commission (EFCC) has arrested Omotade-Sparks Amos Sewanu, operator of the Ponzi scheme.
“The suspect who had been at large, was finally arrested on Thursday May 27, 2021 and has made useful statement”, a statement by the EFCC spokesman, Mr Wilson Uwujaren, sent to The Union Nigeria 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.
