Patricia Technologies continues repayment to customers

In another demonstration of its resilience and commitment to its subscribers, Patricia Technologies, a leading financial services technology firm based in Lagos, has continued repayments to its subscribers who were affected by a security breach suffered on its cryptocurrency trading platform. 

This development marks a significant step forward in the firm’s effort at restoration for its affected customers. Earlier in the year, Patricia Technologies had requested a 2 to 5-year repayment window to enable it to generate sizable income from business operations and law enforcement recovery efforts, for the purpose of repaying customers and consequently, rebuilding trust.  

It will be recalled that Patricia Technologies experienced a major cyberattack in 2022, which resulted in the loss of depositors’ funds.. In the intervening period after the security breach, Patricia temporarily restricted withdrawals on its platform to protect the interests of its users and promptly petitioned the Inspector General of Police to report the alleged theft. 

“We understand the impact this incident has had on our customers and we are delighted that the journey to restoration is yet again on the way.” Said Hanu Agbodje, a technology innovation expert, and CEO at Patricia Technologies.

Following a thorough investigation by the National Cybercrime Center of the Nigeria Police (NPF-NCCC), the Nigeria Police recorded a major breakthrough in the case with the arrest of Wilfred Bonse, a prominent politician, and three other suspects in November 2023. A development that vindicated Patricia Technologies. 

While the perpetrators of the cybercrime are currently being brought to book, Patricia Technologies has kept to its word by continuing the disbursement of funds to affected subscribers as part of a phased repayment process. The repayment effort, which started on November 10. 2023 is expected to continue in the coming months as all affected users will receive their funds in subsequent batches.

Subscribers that are getting paid in this phase, have since been officially notified by email. Subscribers are however advised to check their emails and monitor official channels for updates regarding their individual repayment timelines.

One of the subscribers with the initials BP (for purposes of confidentiality), expressed appreciation and satisfaction with being paid by Patricia via an email reaction: “I really appreciate your effort. Though it took a long time.  I’m satisfied with what I’ve received. Thank you for keeping to your words.” 

On his part, Hanu reiterated that the interests of subscribers remain Patricia’s top priority. “This repayment process represents a milestone in the fulfilment of our commitment to making things right for our users. We appreciate their patience, understanding, and trust in Patricia as we hope that this refund brings them joy during this festive period, for those yet to receive, I will not rest until every single user is refunded, you have my word on this..” Hanu concluded.

About Patricia Technologies

Patricia Technologies is a forward-thinking financial services technology company providing innovative cryptocurrency trading solutions and digital payment services out of Nigeria. Driven by a customer-first approach and cutting-edge technology Patricia Technologies is dedicated to enhancing financial inclusion and security towards enabling a more enriched financial future for its users. 

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