EFCC Declares Inksnation Founder, Amos Wanted Over Alleged $82,000 Crypto Fraud

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.”

  • Related Posts

    N1.3bn fraud: Police to arraign Obanikoro’s son, others Feb 27

    The Federal High Court in Lagos on Friday fixed February 27, 2025, for the arraignment of Gbolahan Obanikoro, the son of Senator Musiliu Obanikoro, and four others for alleged N1,356,057,330.43…

    ALERT: SEC warns against patronising investment schemes from Risevest, Stecs cooperative societies

    The Securities and Exchange Commission (SEC) has warned Nigerians against engaging in any investment-related transactions with two investment platforms. The platforms are Risevest Cooperative Multipurpose Society Limited and Stecs Multipurpose…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Traditional Priest Dies After Allegedly Setting Self On Fire In Ogun State

    • By admin
    • July 4, 2026
    • 2 views
    Traditional Priest Dies After Allegedly Setting Self On Fire In Ogun State

    Atiku asks EFCC, ICPC to probe IMF’s claim of Nigeria spending ‘N8.8trn’ off-budget

    • By admin
    • July 4, 2026
    • 2 views
    Atiku asks EFCC, ICPC to probe IMF’s claim of Nigeria spending ‘N8.8trn’ off-budget

    Mali Hit By New Wave Of Coordinated Attacks

    • By admin
    • July 4, 2026
    • 5 views
    Mali Hit By New Wave Of Coordinated Attacks

    PFIPC scandal is pure scam— Presidency

    • By admin
    • July 4, 2026
    • 5 views
    PFIPC scandal is pure scam— Presidency

    South Africa rejects Nigeria’s compensation demand over xenophobic attacks

    • By admin
    • July 4, 2026
    • 6 views
    South Africa rejects Nigeria’s compensation demand over xenophobic attacks

    Investigator demands trial of Buhari, Mustapha over alleged $6.2m fraud

    • By admin
    • July 4, 2026
    • 20 views
    Investigator demands trial of Buhari, Mustapha over alleged $6.2m fraud