PHOTO: EFCC Declares Inksnation Boss, Omotade Wanted Over N32m Fraud

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

He has been declared wished by the Financial and Monetary Crimes Fee.

A report by BusinessDay estimated that “practically 200,000 Nigerians – with over 5,000 folks energetic, day by day – nonetheless declare membership of a Telegram group created by InksNation.”

In keeping with studies, Omotade-Sparks Amos Sewanu is needed for an alleged fraud price N32 million whereas floating a digital foreign money known as “Pinkoin.”

EFCC Declares Inksnation Boss, Omotade Wanted Over N32m Fraud

Omotade Sparks is the proprietor of iBSmartify Nigeria, Inventor of the “the World’s First Philanthropic Blockchain (InksLedger) and the World’s First Charitable Belief DAO (InksNation) which may finish poverty in any nation in lower than 9 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 plenty extra.

In a Press Launch in The Nation Newspaper dated the eleventh of November 2020, The Financial and Monetary Crimes Fee declared the founder Omotade-Sparks Amos Sewan wished for sequence of economic frauds.

“The Public is hereby notified that Omotade-Sparks Amos Sewanu of Inksnation whose {photograph} seems above is needed by the Financial and Monetary Crimes Fee EFCC in a case bordering on acquiring by false pretense, names Dropping and Fraud to the tune of thirty Two million Naira Solely (32,000,000) whereas claiming to have floated a web-based digital foreign money known as “Pinkoin“.

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“Sewanu is a local of Badagry in Lagos, he’s about 1.6 metres in peak, truthful complexioned, darkish hair, brown iris and darkish eyebrow.”

“His final recognized deal with is No 19, Posukoh Quarters, By way of Joseph Dosu means Badagry, Lagos state.”

Though the Securities and Alternate Fee of Nigeria has fore categorized the actions of Inksnation Unlawful and fraudulent in a press launch dated 26/06/202. SEC stated, The eye of the Fee has been drawn to the actions of iBSmartify Nigeria the promoters of a Blockchain often known as iBledger (iBcashcryptocurrency) and InksNation.

“Most people is hereby suggested that neither the promoters of iBSmartify Nigeria nor the unlawful merchandise they provide are registered or regulated by the Fee.”

“In view of the above, most people is hereby WARNED that any individual coping with the stated entity and others in the identical enterprise in any method in any respect, does so at his/her personal threat.”

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

SIBAN warned that “members of the blockchain neighborhood and most people ought to watch out for the InksNation undertaking.

“We now have labelled it a rip-off as a result of it has a Ponzi scheme mannequin, whether or not the promoters and followers concede to this actuality or not.

“Eventually, the promoters and their followers will come to grasp this, if they don’t already do,” the affiliation stated.

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