The lynchpin of Inksnation, considered one of Nigeria’s largest crypto Ponzi Schemes, Omotade-Sparks Amos Sewanu, has been captured. In line with Nigeria’s Financial and Monetary Crime Fee (EFCC), Sewanu, who was on the run, was nabbed in Sokoto, a metropolis positioned within the northwest a part of the nation. Nonetheless, in its Could 28 Twitter assertion, the EFCC stated it might present particulars on Sewanu’s seize later.
Finish of the Run
The seize of the Inksnation creator comes a couple of months after the EFCC’s publication of a discover that requested for the Nigerian public’s assist in finding him. On the time of the discover’s launch, EFCC stated it positioned Sewanu on its needed record for numerous offences which included “identify dropping and fraud.”
Nevertheless, along with these prices, the anti-graft physique additionally stated Sewanu was needed for his involvement within the creation in addition to the distribution of the Pinkcoin, an elaborate Ponzi that’s packaged as a cryptocurrency. As beforehand reported by Bitcoin.com Information, Sewanu’s Pinkcoin had already been flagged by Nigeria’s Securities and Alternate Fee.
In the meantime, Sewanu’s arrest is now more likely to set off the collapse of a Ponzi scheme that many in Nigeria’s crypto house labelled a rip-off. Nevertheless, regardless of the various warnings in addition to the seize of Sewanu, few supporters of Sewanu are nonetheless defending his “innovation.”
Blended Response to Sewanu’s Seize
As an example, one Twitter consumer named Crown expresses their exasperation with what he sees as Nigeria’s knack for destroying helpful improvements. In a reply to the EFCC’s tweet, Crown stated:
I simply hate this nation with all my coronary heart… Somebody who brings good factor that may profit us all and silly authorities says cryptocurrency a Ponzi….
Nevertheless, the vast majority of customers recommended the EFCC for capturing Sewanu whereas some are asking the anti-graft physique to go after different scammers which have equally defrauded hundreds of individuals. In the meantime, on the time of writing, the EFCC had nonetheless not shared particulars of the seize.
What’s your response to Sewanu’s seize? Inform us what you assume within the feedback part beneath.
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