The Economic and Financial Crimes Commission, EFCC, has arrested 43-year-old Amos Olugbenga Olaniyan for allegedly defrauding people of over N128,000,000.00 (One Hundred and Twenty-Eight Million Naira) and also the Operator of Inks Nation Ponzi Scheme, Omotade-Sparks Amos Sewanu, for also defrauding people of N32,000,000,00 (Thirty Two Million Naira), in a fraudulent scheme.
A statement issued by the Head, Media & Publicity, Wilson Uwujaren indicated that the arrest of Amos was based on a series of petitions by his victims.
The petitioners alleged that Amos, through his company, DHIL Nigeria Limited, popularly known as Crime Alert Security Network Investment, persuaded them to invest in a network scheme which offered a monthly 30% returns on investment.
According to some of the victims, they were persuaded to invest after listening to the suspect’s weekly radio programme.
However, after investing their monies, they have neither received the promised interest nor got a refund of their capital since 2020.
Exasperated, they petitioned the EFCC. The Commission, in the course of investigation, discovered that the suspect operated a classic Ponzi scheme and had defrauded hundreds of people, some of whom reported orally to the Commission. Indeed, petitions are still pouring into the Commission on a daily basis from his alleged victims.
Furthermore, it was discovered that DHIL Nigeria Limited, the vehicle used by Amos to scam his victims, was not registered with the Central Bank of Nigeria as a financial institution.
Five exotic cars, three landed properties and other incriminating documents were recovered from the suspect.
Also, the Sokoto Zonal Office of the Economic and Financial Crimes Commission, EFCC has arrested Omotade-Sparks Amos Sewanu, operator of the Inks Nation Ponzi Scheme.
The suspect who had been at large, was finally arrested on Thursday May 27, 2021 and has made useful statement.
Mr Omotade-Sparks who hails from Badagry Lagos State was declared wanted by the EFCC in November 2020 after efforts to apprehend him failed.
He is the alleged mastermind of a huge pyramid investment scheme through which many citizens were defrauded of monies to the tune of over Thirty Two Million Naira.
He had floated a phony online digital currency called “Pinkoin” which lured many Nigerians to invest between One Thousand Naira to One Hundred Thousand Naira with a promise of unrealistic returns and went ahead to distribute a payment card called “Pink Card” to further confuse his victims.
Mr Omotade-Sparks equally made false claims that he was in partnership with the EFCC to persuade people to invest in his devious scheme.
The scammer was not licensed to operate a financial institution.
Both suspects are to be arraigned in court after the conclusion of investigations.