EFCC Declares Inksnation Boss, Omotade Wanted Over N32m Fraud (Photo)

The boss of Inksnation Omotade Sparks Amos Sewanu has landed in severe hassle over alleged fraud totallying N32 million.

He has been declared desired with the aid of using the Economic and Financial Crimes Commission.

A file with the aid of using BusinessDay envisioned that “almost 200,000 Nigerians – with over 5,000 human beings active, daily – nevertheless declare club of a Telegram institution created with the aid of using InksNation.”

According to reports, Omotade-Sparks Amos Sewanu is needed for an alleged fraud really well worth N32 million whilst floating a virtual foreign money known as “Pinkoin.”

Omotade Sparks is the proprietor of iBSmartify Nigeria, Inventor of the “the World’s First Philanthropic Blockchain (InksLedger) and the World’s First Charitable Trust DAO (InksNation) which could stop poverty in any usa in much less than nine months incentivising goodness, selling love, unity, oneness, peace and equitable distribution of wealth additionally invented the world’s first Reserve Cryptocurrency known as PinKoin, Africa’s first QR Debit Card known as PinKard and masses more.

In a Press Release in The Nation Newspaper dated the eleventh of November 2020, The Economic and Financial Crimes Commission declared the founder Omotade-Sparks Amos Sewan desired for collection of monetary frauds.

“The Public is hereby notified that Omotade-Sparks Amos Sewanu of Inksnation whose image seems above is needed with the aid of using the Economic and Financial Crimes Commission EFCC in a case bordering on acquiring with the aid of using fake pretense, names Dropping and Fraud to the track of thirty Two million Naira Only (32,000,000) whilst claiming to have floated a web virtual foreign money known as “Pinkoin“.

“Sewanu is a local of Badagry in Lagos, he is ready 1.6 metres in height, truthful complexioned, darkish hair, brown iris and darkish eyebrow.”

“His closing recognized deal with is No 19, Posukoh Quarters, Via Joseph Dosu manner Badagry, Lagos state.”

Although the Securities and Exchange Commission of Nigeria has fore labeled the sports of Inksnation Illegal and fraudulent in a press launch dated 26/06/202. SEC stated, The interest of the Commission has been attracted to the sports of iBSmartify Nigeria the promoters of a Blockchain referred to as iBledger (iBcashcryptocurrency) and InksNation.

“The trendy public is hereby counseled that neither the promoters of iBSmartify Nigeria nor the unlawful merchandise they provide are registered or regulated with the aid of using the Commission.”

“In view of the above, the overall public is hereby WARNED that any individual managing the stated entity and others withinside the equal commercial enterprise in any way whatsoever, does so at his/her very own risk.”

The Stakeholders in Blockchain Technology Association of Nigeria (SIBAN) in June labelled InksNation’s purported crypto coin, Pinkoin, a rip-off.

SIBAN warned that “individuals of the blockchain network and the overall public have to watch out for the InksNation project.

“We have labelled it a rip-off as it has a Ponzi scheme model, whether or not the promoters and fans bear in mind to this truth or now no longer.

“Sooner or later, the promoters and their fans will come to recognize this, in the event that they do now no longer already do,” the affiliation stated.

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