Fejiro Hanu also revealed that the shares will be managed by a Nigerian Securities and Exchange
Commission-licensed trusted third party to ensure complete transparency.
Following the launch of Patricia Token (PTK) issued to customers by Patricia, a Nigerian cryptocurrency
exchange, its CEO, Fejiro Hanu, has confirmed that customers now have
the option to convert their owed funds into Patricia shares.
According to a statement from Hanu, this process forms an integral component of the firm’s strategy for
fundraising and reorganizing its debts. In anticipation of the firm’s upcoming app relaunch and
preparation for its fundraising initiative, it allows its users to transform their debt tokens into
convertible notes at a favorable discount in Patricia.
He also revealed that these shares will be managed by a Nigerian Securities and Exchange Commission
(SEC)-licensed trusted third party to ensure complete transparency.
However, some users are not happy with the move. In a video making the rounds on X (formerly
Twitter), the agitated users are seen at a building where the company is located, demanding their money.
Speaking with Cointelegraph, Hanu stated that the video content is misleading and mischievous as the
firm runs an entirely remote structure. He stated that the office in the video is an innovation hub set up
and announced in 2022 to offer free working spaces to developers and crypto enthusiasts and that
Patricia does not operate from that office.