Racksterli Affiliate Marketing Income Programme has officially suspended the refunding of Invested Capital back to Investors of the company.
The Chief Executive Officer of Racksterli, Mr Michael Chidiebere, made the announcement through his official WhatsApp page.
In a Press release signed by the management of Racksterli and uploaded on WhatsApp, the company is suspending the refunding process for a period of three months.
“As you know, we were deeply involved in crypto currency trading to generate revenue for the platform and was affected deeply by the downturn in the crypto market”, the statement reads.
The official statement reads:
“After the glitch that occurred in March 2021, we made a hard but necessary decision to continue with the platform and introduce necessary strategies and plans to help you, our subscribers, recover both your Capital and profits from the old platform.
“The new platform has been running for two months nonstop and paying the subscribers who keyed in, both capital and profit from the old platform and that of the new concurrently.
“This was not easy, to be honest, but we had to do what was necessary to ensure that we kept our promise to you.
“We paid daily above all we generated in all of our investments but we did not wink knowing that in keeping our word to you, we were making all of the difference that we set out to do from the onset.
“As you know, we were deeply involved in crypto currency trading to generate revenue for the platform and was affected deeply by the downturn in the crypto market.
“Again, due to the CBN regulations in the country that prohibits commercial banks from enabling any entity from performing transactions related to crypto currency, our bank accounts got restricted.
“The other restrictions came from some of our subscribers who reported our accounts thereby making every effort to stay afloat more difficult and these have unfortunately brought us to this point.
“We wish to inform you that we will need a period of three months to resolve our financial issues and continue with the refund process.
“Thank you so much for your continued understanding.
Signed: The Management