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"Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusiness"Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear (12208 Views)

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Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Blitzking: 5:48am On Jun 02, 2025
hunterezi:
How? Teach us
My personal secret.
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Connected1: 5:56am On Jun 02, 2025
Piggyvest is not NDIC insured oh.

Make una get sense abeg.
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by martinzjay(m): 5:57am On Jun 02, 2025
Any secret to make money should be made public, wondering how I have been surviving all these times with our money
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Amitex(m): 6:09am On Jun 02, 2025
Blitzking:
I don even forget say piggyvest dey..those days of rice farming..maize farming buying share of 5k per share locking for 11months etc..until I realised more profitable investment. Which should I lock 100k for less than 50 percent return when I can get 500 percent trading with the find myself. Me wey fit use 30k make 250k in 5hrs.
What business de give you this type of returns, kidnapping?
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by BenuePolitician(m): 6:14am On Jun 02, 2025
Opay Is next grin
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Blitzking: 6:17am On Jun 02, 2025
Amitex:
What business de give you this type of returns, kidnapping?
nah
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by MarketDispatch: 6:19am On Jun 02, 2025
[quote author=Mynd44 / problem has now been fixed and the appologized
[/b]httpss=19[/quote]Maybe Piggyvest just testing the uproar whether it will be loud like cbex grin
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by TOPCRUISE(m):
If goats do the needful by withdrawing all their funds after the rumoured glitch, humans will call them fools with goat brain.
It is when their funds eventually disappear they will be calling for help and seeking consolation from the goats they call fools
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Omalicious1: 6:24am On Jun 02, 2025
Mynd44:
Yesterday savings platform, users of piggyvest has a scare that made them think they had lost their investments and they came to social media to complain about it. They complained that the money they saved somehow disappeared without a trace or even a debit record.

https://x.com/TheHighOne__/status/1928998981582868945?t=CgNYpokPN1e_bOcgfNpxug&s=19

https://x.com/dimma_opinion/status/1929059369892659650?t=CgNYpokPN1e_bOcgfNpxug&s=19

https://x.com/PC4U10/status/1929043760521847021?t=CgNYpokPN1e_bOcgfNpxug&s=19

https://x.com/Boluwatifekola3/status/1929104414624661791?t=CgNYpokPN1e_bOcgfNpxug&s=19

https://x.com/TimseabasiT/status/1929032672484921779?t=CgNYpokPN1e_bOcgfNpxug&s=19

Piggyvest came online to tell customers that it was caused by a technical issue which affect some account but that the problem has now been fixed and the appologized

https://x.com/piggyvest/status/1929138533857460670?t=CgNYpokPN1e_bOcgfNpxug&s=19[/quote]Do they've a physical office? I believe one can pay them a visit.
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by AntiChristian: 6:26am On Jun 02, 2025
Proverb le le yí o!
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Zetty177x: 6:31am On Jun 02, 2025
NuCypher:
Gentle reminder that those numbers you see on Piggyvest or any bank for that matter are.....just numbers that someone or a computer input to make it look like your money is sitting pretty somewhere all the time. The reality is a little different. The actual (or real) money has gone into different investments across Nigeria and across the world; and these are investment decisions made by someone somwhere who thinks he knows better than average people. Also, some of that money has gone into private pockets and used to buy houses in London and Dubai, because (what do you know) most people aren't going to wake up one day and want to just withdraw all their money at once. Some of that money has been badly invested and generating negative returns, but of course, you the investor is never told that. Instead, they just punch more numbers into your account to look like you are making money.

The whole thing falls apart when shit hits the fan and people now need their money. Piggyvest in particular is an investment platform I can never trust. One, they have track records of making bad investment choices (e.g. Agropartnerships, Farmcrowdy, etc.) which is a sad reflection of their due dilligence team, and they do not open their books to their so-called customers so that the customers know exactly what is being done with their money. They also have a track record of denying when their nyash is opened in public, e.g. with the dude from that church that they may have invested money with. They also often promise unreasonable returns that don't reflect the reality of the Nigerian economy, e.g. over 25%. And more importantly, while NDIC itself says very clearly on its instagram that piggyvest is not NDIC insured, Piggyvest on their own website claims that they are NDIC insured. The duplicity! They are also no bank, just a savings platform. But what do I know? Good luck to you all who will put your money is any hole you see on the internet, as long as some returns are flowing in. What you learnt with the fall of Agropartnerships and co, you will soon learn again with Piggyvest. And when it happens, I'll be here laughing at your foolery...because you have been warned!
U said it all..very apt.👍
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Kajaard: 6:32am On Jun 02, 2025
hunterezi:
How? Teach us
I sorry for you.
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Kobicove(m): 6:42am On Jun 02, 2025
hunterezi:
How? Teach us
Don't tell me you believe that crap he wrote there? undecided
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Fapemz: 6:42am On Jun 02, 2025
They need to complete the NDIC insurance na.....why leave such out?
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Axis313(m): 6:49am On Jun 02, 2025
Blitzking:
I don even forget say piggyvest dey..those days of rice farming..maize farming buying share of 5k per share locking for 11months etc..until I realised more profitable investment. Which should I lock 100k for less than 50 percent return when I can get 500 percent trading with the find myself. Me wey fit use 30k make 250k in 5hrs.
Through sport betting abi?
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Allthelight(m): 6:52am On Jun 02, 2025
Technical issues happens everywhere so what is the point
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by lordwoz: 6:52am On Jun 02, 2025
NuCypher:
Gentle reminder that those numbers you see on Piggyvest or any bank for that matter are.....just numbers that someone or a computer input to make it look like your money is sitting pretty somewhere all the time. The reality is a little different. The actual (or real) money has gone into different investments across Nigeria and across the world; and these are investment decisions made by someone somwhere who thinks he knows better than average people. Also, some of that money has gone into private pockets and used to buy houses in London and Dubai, because (what do you know) most people aren't going to wake up one day and want to just withdraw all their money at once. Some of that money has been badly invested and generating negative returns, but of course, you the investor is never told that. Instead, they just punch more numbers into your account to look like you are making money.

The whole thing falls apart when shit hits the fan and people now need their money. Piggyvest in particular is an investment platform I can never trust. One, they have track records of making bad investment choices (e.g. Agropartnerships, Farmcrowdy, etc.) which is a sad reflection of their due dilligence team, and they do not open their books to their so-called customers so that the customers know exactly what is being done with their money. They also have a track record of denying when their nyash is opened in public, e.g. with the dude from that church that they may have invested money with. They also often promise unreasonable returns that don't reflect the reality of the Nigerian economy, e.g. over 25%. And more importantly, while NDIC itself says very clearly on its instagram that piggyvest is not NDIC insured, Piggyvest on their own website claims that they are NDIC insured. The duplicity! They are also no bank, just a savings platform. But what do I know? Good luck to you all who will put your money is any hole you see on the internet, as long as some returns are flowing in. What you learnt with the fall of Agropartnerships and co, you will soon learn again with Piggyvest. And when it happens, I'll be here laughing at your foolery...because you have been warned!
What other alternative, If I want to invest
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by sylve11: 7:05am On Jun 02, 2025
Nwaokunkpara:
They're testing what the real disappearance will be like
grin cool
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by RevenuesBoost(f): 7:05am On Jun 02, 2025
When will people learn?!
Use a bank you can work into to lay your complains, leave online savings.

They are testing how they would disappear all funds one day, the smart ones might have moved their funds after yesterday's technical issue was resolved.
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by jamafa: 7:08am On Jun 02, 2025
Tjra:
Funny enough, I withdrew my investment last week for an ongoing project.

Piggyvest can't go down. It must truly be a glitch.

If it truly does, then it's gonna make people lose the trust all the Fintechs have been able to earn in last 5 years.
Piggyvest is not a pyramid platform.

Make customers put thier mind at rest 💯
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by sylve11: 7:08am On Jun 02, 2025
NuCypher:
Gentle reminder that those numbers you see on Piggyvest or any bank for that matter are.....just numbers that someone or a computer input to make it look like your money is sitting pretty somewhere all the time. The reality is a little different. The actual (or real) money has gone into different investments across Nigeria and across the world; and these are investment decisions made by someone somwhere who thinks he knows better than average people. Also, some of that money has gone into private pockets and used to buy houses in London and Dubai, because (what do you know) most people aren't going to wake up one day and want to just withdraw all their money at once. Some of that money has been badly invested and generating negative returns, but of course, you the investor is never told that. Instead, they just punch more numbers into your account to look like you are making money.

The whole thing falls apart when shit hits the fan and people now need their money. Piggyvest in particular is an investment platform I can never trust. One, they have track records of making bad investment choices (e.g. Agropartnerships, Farmcrowdy, etc.) which is a sad reflection of their due dilligence team, and they do not open their books to their so-called customers so that the customers know exactly what is being done with their money. They also have a track record of denying when their nyash is opened in public, e.g. with the dude from that church that they may have invested money with. They also often promise unreasonable returns that don't reflect the reality of the Nigerian economy, e.g. over 25%. And more importantly, while NDIC itself says very clearly on its instagram that piggyvest is not NDIC insured, Piggyvest on their own website claims that they are NDIC insured. The duplicity! They are also no bank, just a savings platform. But what do I know? Good luck to you all who will put your money is any hole you see on the internet, as long as some returns are flowing in. What you learnt with the fall of Agropartnerships and co, you will soon learn again with Piggyvest. And when it happens, I'll be here laughing at your foolery...because you have been warned!
Hmmm cool
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Codes151(m): 7:21am On Jun 02, 2025
mu2sa2:
Early warning signs. If you know you know.
no talk this kind thing na abeg.

E better to keep money there than bank.
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by ollypass: 7:21am On Jun 02, 2025
Those saying opay next...is opay not CBN approved and isured
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by HenryWilliams(m): 7:24am On Jun 02, 2025
Emeskhalifa:
No such thing like na so e dey start. Been with those guys since 2017. If dem wan run people street, dem for don run us street since
You apparently never heard of long con.
Some can wait years..even decades to mass the loot and vanish in a twinkle.
If a company can't handle stress test..
Flee from such
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Juliearth(f): 7:26am On Jun 02, 2025
Tjra:
Funny enough, I withdrew my investment last week for an ongoing project.

Piggyvest can't go down. It must truly be a glitch.

If it truly does, then it's gonna make people lose the trust all the Fintechs have been able to earn in last 5 years.
I like to think that I am quite literate when it comes to these fintechs, but I still have my doubts and reservations about Piggyvest and its associates. I just wish people can be more cautious.
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by pocohantas(f): 7:31am On Jun 02, 2025
How is Piggyvest same as ponzi?
Is there is any money they are sharing because I haven't gotten any and when did they give 25% returns? Maybe on those sham investments which I have always wondered why they promote such on their platform, irrespective of the disclaimer.

The worst I see happening to them is M&A.
My money is still there. Same way it is still in GTB despite all the rumoured crash.
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by maj59(m): 7:37am On Jun 02, 2025
Testing testing
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by LollyP94(m): 7:38am On Jun 02, 2025
Midex88:
Naso e dey first start… FTC for the first time
I swear 💯
Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by BeardedMeat(m): 7:43am On Jun 02, 2025
Nwaokunkpara:
They're testing what the real disappearance will be like
Mazi Okunkpara!

Lolest! grin
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