The Economic and Financial Crimes Commission of Nigeria (EFCC) has reportedly declared the founder of the popular Nigerian cryptocurrency, Pinkoin, and the blokchain project, InksNation, a wanted man following a fraud case to the tune of 32 million Naira (Approx. $82, 700).
According to a press release on The Nation newspaper publication dated November 11, 2020, the regulator has put out a ‘Wanted’ section that reads:
“The Public is hereby notified that Omotade-Sparks Amos Sewanu of Inksnation whose photograph appears above is wanted by the Economic and Financial Crimes Commission EFCC in a case bordering on obtaining by false pretense, names Dropping and Fraud to the tune of thirty-Two million Naira Only (32,000,000) while claiming to have floated an online digital currency called “Pinkoin.”
