Affiliate Update

Dear members,

Greetings from the Management and advisory board. We believe you are all safe and staying safe.

With reference to our last press release about appointment of new advisory board members, they have been working closely with the management team to restructure the company and a lot of fundamental restructuring has taken place.

They have also looked into the financial crisis of the company and have conducted auditing of the company bank accounts and all transactions from April, 2018 to April 2019 and the audit report is out.

Besides, auditing of the affiliate system also showed that some members abused the system which contributed greatly to our current challenges.

Total turnover of the company via all Bank accounts was N 800million  plus, while the affiliates system generated N 1 billion plus. The difference between the N 800million  and the N 1 billion (N 200million) was cashed out by some members as Epin registration of new members.

In order to attend to all these issues, the Management and the advisory board has agreed to ADHERE to the affiliates terms and conditions by attending to ONLY THOSE who paid directly into THE company’s BANK accounts, AS such are traceable.

For MEMBERS that paid to their UP-LINES, THE COMPANY ONLY RECEIVED HALF OF SUCH PAYMENT. THEREFORE, THE COMPANY WILL NOT TAKE FULL RESPONSIBILITY FOR SUCH TRANSACTIONS.

THE COMPANY HAS LEGALLY WRITTEN TO EFCC TO INFORM OF THE CURRENT SITUATION AND AS WELL REPORTED SOME OF OUR FINDINGS ACCORDINGLY.

Steps to revive the business

1. Without our suppliers, there is no business, THE MANAGEMENT HAS EMBARKED ON OFFSETTING ALL OUTSTANDING DEBTS OWED TO THE SUPPLIERS; THEREAFTER, THE SUPPLIERS WILL COMMENCE TO SUPPLY THE COMPANY AGAIN AND IT WILL BE BUSINESS AS USUAL GOING FORWARD

2. THE COMPANY HAS TERMINATED THE 3% weekly bonus and restructured the affiliate system to focus more ON THE RETAIL BUSINESS ONLY. It is now a full Membership/loyalty system.

3. THE COMPANY will collate and PUBLICISE total number of members OWED WITH THE PAYMENT METHOD, EITHER IN KIND OR CASH ALL IN GOOD TIME AS THE BUSINESS GROWS.

Note: The company was not founded to scam Africans but to help build unbreakable web of financial flow that will distinguish Miropass. But businesses always face crises, and we are constantly resolving the crises daily.

For those who are dragging us to police, EFCC, court etc, you are the one actually delaying the company progress, because the days and time we spent to explain and visit such places are affecting our lay down progress plan. If we are scammer, with all the police and different kinds of reports to the authorities against us, we will not be here. So please we want to appeal to all our members, to hold on and allow us to focus more on building back the company.

Our support email will now be more active, you can always reach us via support@demiropass.com

Thanks

Adejoro Oluwashola
CEO
For: Advisory Board