EFCC arrests founder of Ponzi scheme, InksNation in Sokoto

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Business Day

Omotade-Sparks Amos Sewanu, the founder of InksNation, an elaborate Ponzi scheme, has been arrested by the Sokoto Zonal Office of the Economic and Financial Crimes Commission (EFCC). The EFCC had declared the Ponzi scheme operator wanted in November 2020 over alleged cryptocurrency fraud to the tune of Thirty-Two million Naira ($82,000). The crime commission said Sewanu was arrested on Thursday, May 27, 2021, and has made a “useful statement”. Inksnation, promoted under iBSmartify Nigeria claims to have invented a philanthropic blockchain platform that can end poverty in any country in less th…

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