In a bid to resolve the crisis stemming from the reported N2 billion in customer funds trapped within the company, Patricia Technologies Limited has taken significant steps towards addressing the issue. This move follows the recent controversy surrounding a video depicting an allegedly empty office, and the CEO’s discussions about potentially converting customers’ funds into company shares.
CEO and Founder of Patricia Technologies, Hanu Fejiro Agbodje, has stepped forward to clarify the situation and provide insight into the company’s operational structure. Agbodje emphasized that Patricia Technologies operates as a remote company, with team members distributed across different continents.
In a promising development for customers seeking the recovery of their funds, Patricia has appointed DLM Trust Company to oversee the management and disbursement of customer deposit repayments. This partnership aims to ensure a seamless and secure process for the return of deposits to valued customers.
DLM Trust Company, in a statement, expressed their commitment to commencing the first batch of repayments to Patricia Technologies Limited’s customers starting on November 20, 2023. The collaboration underscores their dedication to upholding trust, transparency, and financial responsibility while safeguarding the interests of all stakeholders.
The statement from DLM Trust read: “Here at DLM Trust, we take immense pride in our history of prudent financial management, and we are honored to be entrusted with this essential role, ensuring the smooth and secure return of deposits to Patricia’s esteemed customers. This partnership marks a significant milestone towards reinforcing financial transparency and ensuring the satisfaction of our customers.”
This development provides a glimmer of hope for customers who have faced uncertainties and challenges in recovering their funds from Patricia. The move towards resolving the crisis exemplifies the commitment to financial responsibility and customer satisfaction.
The case of a Nigerian abroad returnee, Nworu Michael Ekele, who invested millions of naira in Patricia and later found himself with a substantial loss, reflects the struggles faced by some customers. Ekele’s plea to Patricia’s CEO highlights the urgency and importance of addressing these issues promptly.
As the partnership between Patricia Technologies Limited and DLM Trust Company takes shape, it serves as a significant step towards restoring trust and financial transparency in the industry, reinforcing the importance of responsible financial management in safeguarding the interests of all stakeholders.