Patricia Reiterates Commitment to its Repayment Plan Despite DLM Trust Company’s Withdrawal

Patricia Technologies has expressed shock by DLM Trust Company’s sudden and unilateral decision to terminate its partnership.

According to Hanu Fejiro, CEO and Founder, Patricia Technologies, “this development is coming as a surprise as we were 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.

“It must be noted that our 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”.

He noted that the situation was astounding to them as not only has DLM Trustees chosen to renege on their agreement, but they failed to issue Patricia a notice, or extend the basic courtesy of a prior discussion, in stark disregard for the clearly spelt termination clause in our contract.

“More bewildering is the claim in their public statement that we broke the terms and conditions of our partnership without spelling out how. We not only categorically reject this false claim, we 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 their claim,” he said.