"Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear - Business (3) - Nairaland
Nairaland Forum › Nairaland General › Business › "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear (11915 Views)
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Juanmike(m): 7:44am On Jun 02, 2025 |
Na from clap dance dey start. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by ruggedtimi(m): 7:48am On Jun 02, 2025 |
Damn..i thought about this recently. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by chipet67(m): 7:51am On Jun 02, 2025 |
Nickisindigo:Any day, any time. Them better pass UBA |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by ruggedtimi(m): 7:53am On Jun 02, 2025 |
Shidinky:baba even if physical bank close with ur money...nothing you go do. Ask heritage bank Customers. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by AllBlack: 8:11am On Jun 02, 2025 |
emkz:Hahahahahahahaha |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by eddyline(m): 8:36am On Jun 02, 2025 |
I no even fit log in right now |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by ideatoprince18(m): 8:51am On Jun 02, 2025 |
Shidinky:..... Teach m how to invest in stock |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Jerry2i(m): 8:56am On Jun 02, 2025 |
inoki247:Is Tbills still a thing? Or it's just sukuk we have now? |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Blitzking: 9:01am On Jun 02, 2025 |
Axis313:Nah.. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by OkayDaddy: 9:03am On Jun 02, 2025 |
ruggedtimi:Heritage bank customers were refunded by the NDIC. That's because NDIC insures Piggyvest. Ask yourself if Piggyvest has NDIC cover. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by richforever123: 9:16am On Jun 02, 2025*. Modified: 9:32am On Jun 02, 2025 |
Zetty177x:They have been operating since 2017, the are also registered and monitored by SEC, please see attached proof and you can check yourself by following the stops below Visit the SEC Nigeria Official Website: Go to sec.gov.ng, the official website of the Securities and Exchange Commission Nigeria. Use the Capital Market Operator Search Tool: Navigate to the “Capital Market Operator Search” feature available on the website. This tool allows you to search for registered entities by name, registration number, or function. Search for the Platform Name: Enter the name of the platform (e.g., "Pvcapital" into the search bar to check its registration status.Banks like like GT, UBA have multiple glitches a year, but the outroars are less than what piggyvest is getting, why? Forget about NDIC, does one insure on about 500,000 and I see no mention of NDIC on their website, if you do kindly send a screenshot, speak with fact
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| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Shidinky: 9:28am On Jun 02, 2025 |
ruggedtimi:I never liked heritage from day one. Many banks for naija person no suppose near them |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Shidinky: 9:29am On Jun 02, 2025 |
ideatoprince18:Na capital sha Usa tech stocks and micro stocks are a good start |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by richforever123: 9:32am On Jun 02, 2025 |
OkayDaddy:Piggyvest is not a bank; it is a fund manager. The organisation that oversees them is the SEC, and they are registered. Please screenshot below
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| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by ruggedtimi(m): 9:38am On Jun 02, 2025 |
OkayDaddy:how much 5m?... i have 2k heritage bank, till date no refund. I know someone that lost 70m, my friend an ex staff of heritage bank has her savings trapped at the bank. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Tradepunter2: 9:38am On Jun 02, 2025 |
NuCypher:Thank you my brother..... You are very wise and have open the arsss of these fintech..... I invested in farmcrowdy then but pulled out cuz on close scrutiny and actual inspection of the so called farms.... Realized majority was just a hoax and was all paper.... They acted like it was a black box whereby the secret needed to be kept under lock and key.... Didn't even know that the same people are also running piggyvest.... Word is a enough for the wise |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by merits(m): 9:40am On Jun 02, 2025 |
![]() "ELOFOKAN BALE" Jagaban 2023. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Emeskhalifa(m): 9:45am On Jun 02, 2025 |
HenryWilliams:I understand, no company our there that does not experience technical glitch once in a while |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by segyoms: 10:14am On Jun 02, 2025 |
[Heritage bank refused to pay me ] Heritage bank customers were refunded by the NDIC. That's because NDIC insures Piggyvest. Ask yourself if Piggyvest has NDIC cover.[/quote] |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by mukthar2000(m): 10:15am On Jun 02, 2025 |
Then they test run una reaction if they finally disappear, if na love una money I go advice u to quickly make a withdraw shaperly. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by adonainana: 10:19am On Jun 02, 2025 |
The only issue I have with PIGGYVEST is they are not subject to the same cash stress the CBN subjects other banks too Recently M and S was hacked and they lost 300 million pounds and that’s a uk company with bigger cyber security engineers than any African stert up Sometimes as a company becomes bigger it either needs to become a PLC or simply get a banking license just like all the other banks in the uk I see no Reason why fair money Cowrywise and PIGGYVEST can’t merge together and be the biggest online savings platform Even bigger than some Nigerian traditional banks Also in as much as PIGGYVEST are legit most of thier investments are in naira and naira is always stuttering and suffering Also since PIGGYVEST started thier public accounts Of how Profitable and thier balance sheet has never been made publicly So honestly I would thread carefully Yes thier UI and app is beautiful God knows why zenith banks and other banks can’t offer savings platforms like that too |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by OkayDaddy: 10:21am On Jun 02, 2025 |
richforever123:Piggyvest holds a Microfinance license that enables them hold deposits. PV Capital was recently incorporated to ensure compliance with SEC rules on collective investments. SEC rules mandates disclosure of books of licensed fund managers. Is PV Capital complying with that? My brother, I use Piggyvest but I'm curious enough to know the inherent risks. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by cgc2000: 10:45am On Jun 02, 2025 |
Ebinpawo1:learn what? |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Porksupplyib: 10:46am On Jun 02, 2025 |
NuCypher:You are comparing 2 differnt things. Piggyvest is not a Ponzi scheme. They don't promise ridiculous ROIs. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Thomanad(m): 10:46am On Jun 02, 2025 |
How many traditional banks, institutions, government ( jamb, INEC, WAEC etc) have experienced technical glitches this year? Do you run and withdraw all your funds when your bank have a glitch? Which happens very often. And even if your traditional bank goes bankrupt today, you can't do shit. NDIC insures only up to 5m. What happens to those with 100m and above? I'll rather keep my money in piggyvest than in a Nigerian bank. Let's not even mention insurance firms, those ones are the real scams. Funnily I just topped up my piggyvest safelock this morning and everything was smooth. I just got to hear of the glitch now. Even if I heard earlier I'll still confidently put my money in piggyvest. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Tolu2024(m): 11:17am On Jun 02, 2025 |
Mynd44: |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by Warmaterial(m): 11:31am On Jun 02, 2025 |
hunterezi:na gambler him be, dem dey too get moral the reason dtin keep making them poorer. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by pocohantas(f): 11:47am On Jun 02, 2025 |
OkayDaddy:Sorry to disappoint you, majority of them haven't been refunded. So now I am curious on the usefulness of NDIC. |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by olax02(m): 11:57am On Jun 02, 2025 |
Nwaokunkpara:And some people will still not have sense until all their life savings gone.. ![]() |
| Re: "Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear by richforever123: 12:01pm On Jun 02, 2025 |
OkayDaddy:My Oga, Yes, if your company is registered with the Securities and Exchange Commission (SEC) Nigeria, you are legally required to disclose your financial books and other relevant information to the SEC as part of ongoing compliance and regulatory oversight. The SEC expects registered entities to submit the following: Audited financial statements (usually annually) Quarterly financial reports Compliance reports Risk management and internal control reports Details of assets under management (AUM) for fund managers Disclosure of material changes in business operations Know Your Customer (KYC)/Anti-Money Laundering (AML) compliance documentation |
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