PUBLIC NOTICE REGARDING REMX AND ITS RELATED COMPANIES

It has come to our attention that articles have been published by certain media platforms, making allegations of money laundering and corruption against our Company (and related Companies), Directors and elected officials. These articles have been picked up by more Nigerian and Kenyan news websites.

These allegations are speculative, wrong, and defamatory. These articles have used
unrelated facts and conjecture to create a narrative that is fictitious, with no proof
provided by these journalists.

ABOUT THE COMPANIES: To clarify, RemX is a Multi-Currency Treasury Management Start-up company, the first of its kind. It is aimed at solving cross-border currency challenges, experienced by companies operating in different African markets. RemX is purely B2B (Business-to-Business) service provider. Hence, we only provide services to corporates and not individual customers. We also do not provide services to Politically-Exposed-Persons (PEPs).

OIT: is an online remittance collection company that partners with licensed remittance
companies to enable marketing expansion and collection capability.
Multigate: This is an extremely high growth Fintech company that serves mainly banks and large enterprise corporates. Licensed as a Payment Solution Service Provider (PSSP) and International Money Transfer Operator (IMTO), our services are powered by our cutting-edge Fintech products: OmniVue and BoltSend. OmniVue is a treasury and cash management product for corporates. It allows corporates to view all their account balances on one dashboard, access their bank statements in an aggregated display and make payments from any of their bank accounts. This product is powered by SWIFT, as we are the first Fintech in Africa to provide SWIFT to corporates.

BoltSend is a cross-border remittance product solely for banks and financial institutions
(inclusive of Fintechs). BoltSend provides deep access to local currency liquidity in various
African markets, thus enabling financial institutions to execute their cross-border needs
without over-exposing their currency position.

These companies are high growth start-ups run by professional founders, whose
backgrounds are not affiliated with any political movement.

ALLEDGE POLITICAL AFFILIATION: The founders of Multigate, RemX and every company
mentioned in these articles do not know and have no relationships or affiliations to any
politician in Nigeria, Kenya or in any of the markets we operate in.

These articles also make an issue of the fact that the commissioning of one of our offices
by the government, suggests an improper relationship. Please note that the government
promotes Nigerian entrepreneurs, and it is a well-known fact that over 100 commissioning’s have been conducted over the last 7 years. To suggest an untoward
relationship of political affiliations because of this, without any sort of proof is unfortunate and unprofessional.

The articles have also attempted to tie a series of stakeholder engagements with
government representatives which is common anywhere in the world, to improper activity without any proof of such and how they connect to our companies.

ALLEGATIONS OF MONEY LAUNDERING: Our companies mentioned above, routinely
move funds legally and internationally in large amounts to perform its services and these
articles have sought to isolate a number of transfers without providing supporting
evidence of money laundering.

The mere fact that large amounts of money are moved by our businesses does not make
it money laundering and demonstrates a lack of understanding of our business model.
We would have been happy to explain this to the journalists however, in a surprising
breach of journalistic responsibility, neither of these publications reached out to us for
comments or clarification.

There was no money laundering involved. Rather, these companies engaged solely in
treasury management and currency hedging services to corporate clients that work in
different African markets. Contrary to the articles claim, all money received by RemX are
from electronic payment processing and settlement of corporate client funds which are
legitimate businesses in Kenya, Nigeria and worldwide.

The fact that we have multiple companies operating in different countries does not make
this a money laundering operation and while the articles have gone to great lengths to
show common ownership, which is public knowledge, they did not apply this same
diligence to providing any evidence of money laundering.

INTERPOL: Please note that prior to these articles and at this time, we have no knowledge
of an Interpol Investigation, neither have we being contacted or interrogated.
As a company, our purpose is to simplify transactions across multiple jurisdictions. We exist to make financial inclusion efficient. Kenya and Nigeria remain key markets in our
operations, and we are positive about the outlook of our business model, not only in these countries but across Africa and the globe.

SIGNED: EXECUTIVE MANAGEMENT

Biko someone should please teach me on how to laundry money,I know how to deny too
News of nowadays is all about money money money I want to be involve

Ok

Wow

Yes

Parents please check names well before giving them to your kids.

How can you name your male child
"TRACEY"?�

They're innocent

They should also sue those libeling them for damages.

R

visijo:
Parents please check names well before giving them to your kids.

How can you name your male child
"TRACEY"?�

Be like Moses never rob you before

we know say doz people jus dey look for people to pursue Just like seizing Western unionn or Money gramm money nd calling it money laundery company....


so far who ever made a transaction on dere platform du KYC I don't think dere shuld b any problem

Nn

These white folks pulling strings of Kenyan Security just hate to see young Blacks become Billionaires without engaging in Ritual Killings of fellow Africans. These are legit Tech guys being witch-hunted for their accumulated Business money moved since 2020! Free our Nigerian Elon Musks!

Hiam

Where is the orignal article accusing them of money laundering. Someone please post it

una don carry una lawlessness of running unaccredited 'investment' platforms go kenya. Shiorr. U beta save ur grammer for d courts o. shiorr

Initial gragra!!!! Is allowed … they will be nailed

No be to deny be koko na when evidence show

Rather, these companies engaged solely in
treasury management and currency hedging services 

Currency hedging - siphoning dollars to other countries
Treasury management- hiding your money in tax gavebs to avoid taxes na im be treasury?


The explanation is insufficient, implicating and suspect

visijo:
Parents please check names well before giving them to your kids.

How can you name your male child
"TRACEY"?�

Tracy used to be a common name for males in times past. Like Vivian and evelyn

DropsMic:



Be like Moses never rob you before

Lol... how u take know omilla name guy

Any conscious Nigerian who lives or have lived in Kenya knows how money laundering flows easily there.

subsidywise18:


Tracy used to be a common name for males in times past. Like Vivian and evelyn

are you seriously serious? Evelyn?

will INTERPOL even let you know they are investigating you

which white guys?? you are telling us white guys run kenya investigations ?

SolarKing1:
These white folks pulling strings of Kenyan Security just hate to see young Blacks become Billionaires without engaging in Ritual Killings of fellow Africans. These are legit Tech guys being witch-hunted for their accumulated Business money moved since 2020! Free our Nigerian Elon Musks!

Hmmm.....

visijo:
are you seriously serious? Evelyn?

Lol, yes.

Google Evelyn Waugh . Famous author in his day.

Tunasco4u:
Biko someone should please teach me on how to laundry money,I know how to deny too
News of nowadays is all about money money money I want to be involve

You may not be as lucky as your predecessors

Tunasco4u:
Biko someone should please teach me on how to laundry money,I know how to deny too
News of nowadays is all about money money money I want to be involve

go to darkweb