Patricia Technologies expresses disappointment over DLM Trust Company’s withdrawal from partnership
Patricia Technologies has assured its customers that it will keep to its original plans to proceed with all scheduled payments, starting from November 20, despite the “sudden and unilateral decision of DLM Trust Company to terminate our partnership.”
Patricia Technologies said in a statement signed by Hanu Fejiro, its CEO and Founder, that notwithstanding this regrettable development, the payment will go ahead as scheduled, Digital TimesNG can report.
“We at Patricia Technologies are shocked by DLM Trust Company’s sudden and unilateral decision to terminate our partnership. This development is coming as a surprise as we were we not informed before their public statement of withdrawal.
“However, we wish to assure our depositors and stakeholders, that the Repayment plan we initiated along with DLM Trustees a few days ago, will go on as scheduled.”
Fejiro explained in the statement that Patricia Technologies’ appointment of DLM Trustees was a culmination of several weeks of engagement with the leadership of the Group including Mr. Kehinde Lawal of DLM Group and Mrs. Lola Rasaq, the CEO of DLM Trust Company up to the point of signing the partnership.
“During the process and the immediate aftermath of the agreement, we at Patricia Technologies have conducted ourselves with the utmost professionalism, while observing all due processes including fulfilling our financial commitments to consummate the contractual agreement.
“Evidence of this is the transfer of substantial funds to DLM Trustees as part of the planned payouts to our customers, scheduled to start from November 20, 2023.
“It is, therefore, astounding to us that not only has DLM Trustees chosen to renege on our agreement, but that they failed to issue us a notice or extend the basic courtesy of a prior discussion, in stark disregard for the clearly spelt out termination clause in our contract,” Fejiro said in the statement.
Fejiro went further to express bewilderment over the claim in DLM Trust Company’s public statement that it (Patricia Technologies) broke the terms and conditions of the partnership without spelling out how.
“We not only categorically reject this false claim, but we also challenge DLM Trustees to substantiate the allegations. We believe this accusation is baseless, and we might be taking legal action to seek restitution for setbacks and damages incurred as a result of this attempt at defamation if DLM Trust fails to validate its claim,” Fejiro said.
Fejiro assured Patricia Technologies customers that this is another opportunity to show not only the resilience of Patricia Technologies as an organisation, but that its commitment to its customers remains steadfast.
“We sincerely apologize for any inconvenience or concern this situation may have generated and thank you for your enduring trust and patronage,” Fejiro stated.