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Pinkcoin Scam: EFCC Declares Pinkcoin Pioneer Wanted Over 32 Million Naira Fraud Following a Publication on Its Website.

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Last updated on August 3rd, 2021 at 07:34 am

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Pinkcoin Scam finally gets to regulators.

The Economic and Financial Crimes Commission has declared the Pinkcoin pioneer Omotade-Sparks Amos Sewanu wanted over an alleged fraud of N32m.

DiutoCoinNews gathered today the new update from the federal crimes commission official website, over a N32 Million Naira alleged fraud reportedly done by Omotade-Sparks.

The alleged fraudster has being reportedly promising outrageous returns to investors who buy the scam coin called Pinkcoin. The project has been reportedly carrying out illegal funds contribution from their victims who have no proper knowledge of cryptocurrency and digital assets. 

Pinkcoin claims to be able to end poverty in any country in nine months;

“iBSmartify Nigeria invented the World’s First Philanthropic Blockchain (InksLedger) and the World’s First Charitable Trust DAO (InksNation) which can end poverty in any country in less than 9 months incentivising goodness”

Pinkcoin Scam promises over 100% returns on individuals investments claiming to liberate investors out of poverty with their new Pinkcoin Scam project powered by Inksnation Blockchain.

The Security Exchange Commission have earlier before warned the public to desist from investing with the project as it is not registered with the regulators in Nigeria. 

The project has also been flagged a scam project by SiBAN, a self-regulatory body for blockchain stakeholders in Nigeria.

The report reads:

“The public is hereby notified that Omotade-Sparks Amos Sewanu of Inks Nation whose photograph appears above is wanted by the Economic and Financial Crimes Commission (EFCC) in case bordering on obtaining of false pretence, names-dropping and fraud to the tune of thirty million naira only ( N32,000,000) while claiming to have floated an online digital currency called Pinkcoin.”

What you should know: The public is hereby advised to stay clear from Pinkcoin and it’s agents, as doing so is at owner’s risk. Pinkcoin has been declared scam and unfit by regulators and financial experts.

About The Author

By Tony Chimdiuto

Diutocoinnews Admin. Send all publications to

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