At Patricia Technologies, we were deeply taken aback by DLM Trust Company’s sudden and unilateral decision to terminate our partnership, catching us completely by surprise as we received no prior notice before their public announcement of withdrawal.
Nevertheless, we want to reassure our depositors and stakeholders that the repayment plan, which we jointly initiated with DLM Trustees just a few days ago, will proceed as scheduled.
It is important to note that our selection of DLM Trustees followed several weeks of extensive discussions with the leadership of the Group, including Mr. Kehinde Lawal of DLM Group and Mrs. Lola Rasaq, the CEO of DLM Trust Company, culminating in the partnership agreement.
Throughout the negotiation process and in the aftermath of the agreement, Patricia Technologies upheld the highest standards of professionalism, adhering to all requisite procedures and fulfilling our financial commitments to finalize the contractual agreement.
One piece of evidence supporting this is the substantial transfer of funds to DLM Trustees, earmarked for the planned payouts to our customers, commencing on November 20, 2023.
We find it bewildering that DLM Trustees not only chose to retract from our agreement but also failed to provide notice or engage in prior discussion, disregarding the termination clause in our contract.
Furthermore, their public statement alleges that we breached the terms and conditions of our partnership without specifying the nature of the breach.
We firmly deny this false accusation and challenge DLM Trustees to substantiate their claims.
We consider these allegations groundless and may explore legal action to seek compensation for the setbacks and damages resulting from this apparent defamation attempt if DLM Trust fails to validate their claims.
To Our Valued Customers:
Despite this unfortunate turn of events, we want to assure you that all scheduled payments will proceed as planned, commencing on the 20th.
This situation provides another opportunity to demonstrate our organization’s resilience and unwavering commitment to you, our esteemed customers.
We extend our sincere apologies for any inconvenience or concerns that this situation may have caused and express our gratitude for your enduring trust and patronage.
Once again, we want to emphasize that our planned repayments to depositors will proceed without disruption.
