Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published in the local media on November 11, the EFCC wants Sewanu to respond to fraud charges relating to Inksnation’s purported crypto token- Pinkoin.

The Inksnation scam, which gained popularity just before the start of lockdown restrictions, has duped many Nigerians with its promise of a lifetime income. Interested investors are asked to choose from five different investment packages. Each package promises a different monthly salary.

Fraud Charges

However, according to information on Inksnation website, all salary payments are in the form of the Pinkoin crypto token. Furthermore, the token is not listed on any crypto exchange in Nigeria therefore raising questions about its liquidation.

Despite this, the Inksnation masterminds continue to post testimonials on social media of some Pinkoin…

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Source: https://news.bitcoin.com/nigerian-authorities-put-mastermind-of-the-inksnation-crypto-scam-on-wanted-list/