PATRICIA UNVEILS REPLACEMENT PLAN SPANNING 2 TO 5 YEARS FOR CUSTOMERS

To align with its steadfast commitment to customers and effectively address their expectations, Patricia Technologies Limited, a prominent cryptocurrency company, has unveiled a repayment plan spanning two to five years for all customers who incurred losses during the recent breach of the company’s platform by certain high-profile hackers, some of whom are currently in police custody.

Issuing a press statement in Lagos on Wednesday, January 17, Patricia Technologies emphasized that the newly announced repayment regime is a deliberate continuation of the company’s repayment initiative launched on Monday, November 20, 2023.

The company further clarified that this phased repayment regimen provides the necessary flexibility for the business and law enforcement to recover stolen funds from the apprehended suspects. Additionally, it allows the company to accumulate revenue through the continued use of the enhanced Patricia App.

“To manage expectations, Patricia Technologies has outlined a repayment plan spanning two to five years. The commitment is to ensure that every customer receives their complete and final rightful payments within this timeframe, emphasizing the company’s unwavering determination to persist until all financial obligations are met,” the statement read in part.

Patricia Technologies also alluded to the implementation of a state-of-the-art technological solution to prevent a recurrence of the recent breach.

“To streamline transactions and fortify security, Patricia Technologies is redesigning the Patricia Plus platform. The AI-enabled system, scheduled to go live by Q2 2024, aims to offer a simpler, more efficient user experience while reducing operational burdens,” the company further disclosed.

It is worth recalling that Patricia Technologies Limited recently faced a significant setback due to a breach of its platform by suspected criminal elements, leading to substantial asset losses for both the company and its customers.

Responding promptly, the company reported the incident to the cybercrime unit of the Nigeria Police Force. The investigation made notable progress, leading to the apprehension of several suspects who are scheduled to be arraigned in court by June this year.

“Given the protracted process of apprehending the remaining suspects and recovering some of the stolen funds, we have considered it imperative to announce this tenured repayment schedule,” the company explained.

Indeed, Patricia Technologies fulfilled its commitment by initiating repayments to affected customers on Monday, November 20, 2023.

However, Patricia Technologies clarifies that the decision to extend the repayment tenure is a strategic move, allowing room for “the outcome of recovery efforts by the Nigeria Police and incoming revenue from trading on the reinforced Patricia app.” These factors are expected to significantly contribute to the funds required for the planned payments.

As a business, Patricia Technologies is strategically shifting its focus toward its business arm and OTC desk, citing positive traction in recent months. The company emphasizes this transition from crisis to creation mode, prioritizing value creation to enhance service delivery and expedite the return of customers’ lost funds.

“Opportunities for Patricia’s Users The company anticipates positive years for the Crypto community in 2024 and 2025. In line with this projection, Patricia Technologies commits to supporting its users with opportunities in the crypto space to alleviate their financial burden.

The company plans to achieve this by providing information on airdrop opportunities, Staking, and Defi opportunities that users can leverage and convert into US Dollars. Patricia Technologies aims to have this operation in full swing on or before Q2 of this year.

The company further affirmed its commitment to ongoing communication and engagement with customers during this challenging period.

Patricia Technologies emphasized its dedication to rebuilding trust through tangible actions, assuring customers that its customer service team stands ready to address queries, provide clarifications, and discuss individual circumstances.

“To facilitate seamless communication, a dedicated website is currently in development to centralize information regarding all aspects of the repayment regime,” the company assured.

Expressing gratitude to its loyal customers for their understanding, patience, and unwavering trust, Patricia Technologies conveyed its unwavering commitment to resolving the current situation and emerging stronger and more resilient than ever before.”

Source: Techeconomy