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Patricia’s Response to Office Controversy and Debt Conversion

Patricia's Response to Office Controversy and Debt Conversion
Patricia's Response to Office Controversy and Debt Conversion (PHOTO: @mightblowyourmind/ Instagram)

Patricia, a Nigerian cryptocurrency platform, has cleared up doubts about an empty office video circulating on social media. The company insists it’s not their active office, revealing they operate entirely remotely after Nigeria’s crypto ban.

The company’s CEO, Hanu Fejiro, said their headquarters now resides in Lithuania due to the Nigerian Central Bank’s crypto ban in 2021. This shift in location is part of their move to a remote business model with team members scattered globally.

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Patricia has also given its users the option to change their balances into company shares. This comes as part of a strategy to restructure debts and raise new funds for repaying customers.

Previously, Patricia raised eyebrows when they transformed customers’ assets into Patricia Tokens (PTK). These tokens represent debt acknowledgments, meant to pay back customers when the company becomes profitable.

Patricia has left many customers frustrated with prolonged withdrawal delays. The company froze withdrawals after a cyber hack caused a $2 million loss. They’ve announced repayment plans, but the specifics remained uncertain.

Patricia is diligently working on an updated app, currently in beta testing, and plans to relaunch it soon. Customers will regain access to their funds gradually when the new app becomes available.

This situation has left many customers unhappy. Some consider converting their balances to company shares, while others report unclear discussions about potential partnerships with a crypto exchange.

Patricia promises to maintain transparency and integrity in its communications and operations. They urge the public and media to rely on information from their official channels and assure users that their comfort and access to their funds are a top priority.

Techrectory with Agency Report.

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