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08/10/2025

07/10/2025

04/10/2025

Urgent Concern: Providus Bank’s Partnership with Ardilla Tech Limited

Dear Providus Bank Management,

We write to you as concerned customers and staffs regarding your partnership with Ardilla Tech Limited, a company that offered Nigerians savings and fixed deposit schemes through wallet accounts powered by Providus Bank.

Customers were assured of safety and credibility because of your bank’s involvement. Ardilla promised returns of 6–17% interest and 5% cashback after six months. Many Nigerians trusted this partnership, saved diligently, and onboarded using accounts bearing Providus Bank’s name.

However, since October 2024, the savings tenures of lots of customers have matured, yet payments have not been made. While a few customers were selectively paid, the majority remain unpaid to date. Disturbingly, the Managing Director of Ardilla Tech, Mr. Moyosore Kadiri, has asked for yet another one-year extension instead of settling these long-overdue obligations.

This situation has now escalated into a national crisis:
• One customer lost her mother because she could not access her overdue savings for urgent hospital treatment.

• Staff have been harassed, arrested, and threatened by desperate customers.
• Ardilla’s offices have been shut since January 2025, and the MD is untraceable.

Despite reports made to the police at Panti and Zone 2, no meaningful action has been taken. Meanwhile, customers who trusted this scheme because of your bank’s involvement continue to approach Providus Bank for answers.

We must stress that Providus Bank’s name and reputation are tied to Ardilla Tech Limited through this partnership. Customers believed their funds were safe precisely because Providus Bank’s virtual accounts were used. It is therefore unacceptable for the bank to distance itself without offering a concrete resolution to affected customers.

We are therefore calling on Providus Bank to:
1. Acknowledge and take responsibility for its role in this failed partnership.
2. Open a transparent investigation into all funds collected through Ardilla’s Providus-powered wallets.
3. Work with regulators and law enforcement to compel Mr. Moyosore Kadiri to return customers’ funds.
4. Provide a clear roadmap for how affected customers will be refunded.

Providus Bank has built a name as a trusted financial institution. We appeal to you not to allow this situation to erode public trust. Lives, families, and futures are being destroyed because of Ardilla’s actions. Your intervention is urgently required.

We hope you treat this matter with the seriousness it deserves.

Sincerely,
On behalf of Ardilla Tech Limited Staff/Customers

04/10/2025

🚨 WHERE IS OUR MONEY? 🚨

We, the affected customers of Ardilla Tech Limited, demand urgent explanations from Providus Bank, Moyosore Kadiri (MD, Ardilla Tech Ltd.), and Onyinye Dallas Cheryl (CEO, Ardilla Tech Ltd.) regarding the fate of our trapped funds.

Thousands of customers entrusted their savings through wallet accounts created and powered by Providus Bank under Ardilla Tech’s savings scheme. These funds were meant to mature in 6 months, yet over one year later, the majority of customers remain unpaid. Only a few have received full payments and partial payments, while the rest are stranded.

Reports suggest that over ₦200,000,000 was deposited into these wallets. As the bank responsible for generating and managing these accounts, Providus Bank has a duty of care to safeguard and monitor these funds. Customers deserve clear answers on:
• How the funds were managed,
• Why the agreed 6-month savings plan has dragged beyond a year, and
• Why most investors have not been paid despite the maturity period expiring.

Our key questions remain:
• Where exactly is the money saved in these wallets?
• Why has Providus Bank failed to give full transparency?
• Why are customers who saved as much as ₦350,000 receiving as little as ₦18,042 after the maturity date?
• Why has Ardilla Tech’s office been locked since January 2025, and why has communication with the MD reportedly been cut off since April 2025?

This issue goes beyond Ardilla Tech it strikes at the heart of public trust in Nigeria’s financial institutions. If funds saved through wallets linked to a bank can disappear without accountability, then every Nigerian saver is vulnerable.

We therefore call on:
• Providus Bank to provide transparency and accountability,
• The MD and CEO of Ardilla Tech Ltd. to openly explain the whereabouts of customers’ savings,
• And on the CBN, SEC, EFCC, the media, and other regulatory bodies to investigate this matter urgently.

Nigerians deserve answers. Nigerians deserve justice.

This is a collective fight for transparency and accountability. If it happened to us, it can happen to anyone. We cannot afford to remain silent.

04/10/2025

Open Message to Mr. Moyosore Kadiri, MD of Ardilla Tech Limited

Mr. Kadiri,

It is deeply disappointing that after more than 11 months of waiting—well beyond the six-month saving tenure agreed upon—you continue to mishandle the repayment process owed to both Ardilla customers and staffs. Despite being given ample time to redeem your image and restore trust, your recent actions have only deepened the crisis.

Yesterday, a customer expecting ₦120,000 was paid only ₦8,834 an amount that is both unfair and unacceptable. This was done even after customers and staff collectively rejected the so-called “payment plan” you proposed, which we have already deemed insincere and unrealistic. By proceeding against the clear objections of those affected, you treated legitimate claims as though people were begging for charity rather than demanding their rightful savings.

Your conduct now makes it clear that you have no genuine plan to pay back the funds you owe. This continued disregard for transparency and integrity is eroding any remaining trust in your leadership.

We are giving you 7 days to address this matter responsibly, fulfill your obligations, and take concrete steps to restore confidence. Should you fail to do so, we will have no choice but to escalate this issue to the appropriate authorities and bring it to the public domain for resolution.

This is not a threat—it is a necessary step to protect innocent staff and customers whose hard-earned money has been trapped for far too long.

The time for excuses is over. The time for accountability is now.