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Customers reject Patricia’s Offer to Convert Debt to Equity, Plan Protest
Moves by Nigeria’s crypto trading company, Patricia Technologies, to convert its customers’ assets into equity shares in the company have been rebuffed.
Some of the customers who spoke to Nairametrics said they had received the offer letter signed by Patricia’s founder, Hanu Fejiro, but they refused to sign it because it would mean signing their money away.
They insisted on returning their crypto assets converted to Patricia Coin without their consent.
Although the company claimed its system was hacked earlier this year which led to the loss of about N2 billion in customer assets, hence the conversion of the customers’ assets value to its own created token, the customers are alleging fraud and insisting on the return of their original assets.
Already, some of the customers have concluded plans to hold a peaceful protest in Lagos to demand their crypto assets.
