By Juliet Umeh

Lagos-based fintech firm Patricia Technologies has begun repaying customers affected by a 2022 cyberattack that resulted in the loss of over N600 million.

The breach, which temporarily halted withdrawals on the platform, triggered a high-profile investigation that led to the arrest of several suspects, including a prominent politician.

The first phase of repayments commenced on December 10, 2024, with affected customers notified via email.

The company has adopted a phased approach to manage the repayment process effectively while maintaining financial stability.

One recipient, identified as BP for confidentiality, expressed satisfaction with the development. “I really appreciate your effort. Though it took a long time, I’m satisfied with what I’ve received. Thank you for keeping to your words,” BP said in an email response.

Patricia CEO Hanu Fejiro highlighted the significance of the milestone. “This repayment process represents a milestone in fulfilling our promise to make things right,” he said.

Fejiro encouraged customers to update their details on the Patricia platform and stay informed through official channels regarding future disbursements.

The company has reassured customers that repayments will continue in phases, emphasizing its commitment to addressing all claims.