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The Founder of InksNation, Mr. Amos Omotade Spark Sewanu has been arrested by the Economy and Financial Crimes Commission (EFCC).

Mr. Amos who has been on the run according to a statement by the Commission was “nabbed” in the Northern part of the country, in Sokoto. 

The now arrested founder has been on the wanted list of the EFCC for obtaining by false pretense, names-dropping and fraud to the tune of N30,000,000 while claiming to have floated an online digital currency known as Pinkoin according to the details on the EFCC website.

Pinkoin – a supposedly cryptocurrency which the Mr. Amos Omotade through several means marketed and exploited investors who referred to themselves as Inks has been known to be an elaborate scheme to defraud unsuspecting victims. 

In 2019, Mr. Amos wrote a public letter addressed to the EFCC saying it has devised a means to utilize blockchain to solve global poverty. 

In June 2020, the Securities and Exchange Commission (SEC), in its statement called the enterprise illegal. The EFCC in November declared the Founder wanted

During the Christmas festivity, InksNation had tried to gain goodwill before its members and thus organized what it called InksMart which resulted in the death of several persons in Port Harcourt. The incident led to the cancellation of the InksMart across the country claiming hoodlums hijacked the open market. 

The commission has reported it has arrested the founder of InksNation and will report details later. 

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