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The anti-graft agency noted that Omotade-Sparks, who hails from Badagry in Lagos state, was declared wanted in November 2020 for masterminding a “huge pyramid investment scheme”.
EFCC, in a statement on Friday by Wilson Uwujaren, its spokesperson, said the suspect was arrested in Sokoto on Thursday.
The agency noted that the suspect had floated an online digital currency, which he had urged people to invest in.
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“Omotade-Sparks, who hails from Badagry, Lagos State, was declared wanted by the EFCC in November 2020 after efforts to apprehend him failed,” the anti-graft agency said.
“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.