Tuesday, July 27, 2021



EFCC arrests ‘Pinkoin’ investment scheme operator over ‘N32m fraud’

EFCC arrests ‘Pinkoin’ investment scheme operator over ‘N32m fraud’
May 28
21:09 2021

The Economic and Financial Crimes Commission (EFCC) says it has arrested one Amos Omotade-Sparks, identified as the operator of the “Inks Nation ponzi scheme” for allegedly defrauding people to the tune of N32 million.


The anti-graft agency noted that Omotade-Sparks, who hails from Badagry in Lagos state, was declared wanted in November 2020 for masterminding a “huge pyramid investment scheme”.

EFCC, in a statement on Friday by Wilson Uwujaren, its spokesperson, said the suspect was arrested in Sokoto on Thursday.

The agency noted that the suspect had floated an online digital currency, which he had urged people to invest in.


“Omotade-Sparks, who hails from Badagry, Lagos State, was declared wanted by the EFCC in November 2020 after efforts to apprehend him failed,” the anti-graft agency said.

“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.”


  1. Chams
    Chams May 28, 22:35

    Good one,I am also a victim to SU global scam. SU global has scammed thousands of Nigerians their hard earned money that worth billions of naira. EFCC has refused to accept our petitions for five good times. Please people who come across this should help us to share this information as victims are helpless. We don’t know why EFCC had refused to look into the issue. We poor masses need help in this country

    Reply to this comment
  2. Clara
    Clara May 29, 03:23

    Another one is holex. That one has killed alot of people

    Reply to this comment

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