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"Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear - Business - Nairaland b6662

"Technical Issue" Causes Piggyvest Customers To Panic As Funds Disappear (5978 Views)

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Mynd44: 5:00am On Jun 02
Yesterday savings platform, s 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.

@piggyvest make e be say na joke o lmao
Make I first sleep, wake up, no see my money first.........๐Ÿ˜‚
https://x.com/TheHighOne__/status/1928998981582868945?t=CgNYpokPN1e_bOcgfNpxug&s=19

Hello @piggyvest, can you explain to me how 50,000 Naira disappeared from my flex wallet , without a debit history?
https://x.com/dimma_opinion/status/1929059369892659650?t=CgNYpokPN1e_bOcgfNpxug&s=19

@piggyvest @arojinle1 where is my house rent, waking up to check my and it cleared, cleared bawo
https://x.com/PC4U10/status/1929043760521847021?t=CgNYpokPN1e_bOcgfNpxug&s=19

@piggyvest whereโ€™s my USD, only the interest gotten in May is reflecting. Return my money please ๐Ÿ™๐Ÿ™๐Ÿ™ before I faint here ๐Ÿ˜ญ
https://x.com/Boluwatifekola3/status/1929104414624661791?t=CgNYpokPN1e_bOcgfNpxug&s=19

@piggyvest : Is this a joke or an April Fool on June 1st? Where is my money?
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 but that the problem has now been fixed and the appologized

We experienced a technical issue earlier this morning that temporarily affected some s' Flex Naira & Dollar balances. We can now confirm that this has been resolved.

We acknowledge that this falls below our standards and we sincerely apologise for the inconvenience. Rest assured, your funds remain safe and secure with Piggyvest.

Thank you for your patience and understanding ๐Ÿ’™
https://x.com/piggyvest/status/1929138533857460670?t=CgNYpokPN1e_bOcgfNpxug&s=19

3 Likes

Midex88(m): 5:05am On Jun 02
Naso e dey first startโ€ฆ FTC for the first time

42 Likes 1 Share

Nwaokunkpara: 5:05am On Jun 02
They're testing what the real disappearance will be like

133 Likes 12 Shares

inoki247: 5:05am On Jun 02
Piggyvest wan Cbex People money grin grin



If isn't TBill's, going to my bank to check there investment plan abg I no du....


Just that all this Fintech are even more reliable than our traditional bank also..


Glitch was rectified so soon I trust Traditional Banks it might take 24hrs or weeks,..

54 Likes 4 Shares

mu2sa2: 5:05am On Jun 02
Early warning signs. If you know you know.

36 Likes 5 Shares

Tjra: 5:05am On Jun 02
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.

38 Likes 5 Shares

strangest(m): 5:06am On Jun 02
Omo.... Na heart attack be that

4 Likes

Ebinpawo1: 5:06am On Jun 02
My people will never learn. It's just a pity!

Anyway, they said mugu no dey finish...

7 Likes

Hisroyalbeat(m): 5:06am On Jun 02
Glitch, grin grin grin
Oladapo89: 5:06am On Jun 02
Hmm.

1 Like

Shidinky: 5:09am On Jun 02
Lol
Una dey try sha. Aside stock trading. And other physical investment. I no like all these investment apps

18 Likes 1 Share

Nickisindigo(m): 5:10am On Jun 02
I would prefer piggyvest to UBA sha

19 Likes

crossfm: 5:10am On Jun 02
Hehehe.

They should continue to play with people's lives in Nigeria grin cheesy.

As the country hard reach,una still wan give people heart attack.

11 Likes

emkz: 5:11am On Jun 02
Test the microphone hey....

Piggyvest test the microphone heyy...

66 Likes 1 Share

NuCypher: 5:11am On Jun 02
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 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!

53 Likes 6 Shares

Creamypie(m): 5:12am On Jun 02
For theater arts, this one na dress rehearsal. Last practice with real costume b4 the final production itself

12 Likes

Emeskhalifa(m): 5:16am On Jun 02
Midex88:
Naso e dey first startโ€ฆ FTC for the first time

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

8 Likes

Tjra: 5:17am On Jun 02
Creamypie:
For theater arts, this one na dress rehearsal. Last practice with real costume b4 the final production itself
This got me rolling ๐Ÿคฃ

4 Likes

Emeskhalifa(m): 5:17am On Jun 02
Nwaokunkpara:
They're testing what the real disappearance will be like

Asif if traditional banks no dey experience glitch. If your Bank get network downtime, do you accuse them of trying to run with your money?

10 Likes

jimmyolasun: 5:19am On Jun 02
Ebinpawo1:
My people will never learn. It's just a pity!

Anyway, they said mugu no dey finish...

Una don start dey cap nonesense.. ignorance.. it's just a mere glitch which was resolved same day. Una don carry ponzi mindset enter fintech.. 3rd world people..

10 Likes

helinues: 5:19am On Jun 02
First sign of about to

51 Likes

Emeskhalifa(m): 5:20am On Jun 02
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.

Exactly. If any of them, let's say Piggyvest, moniepoint, opay goes down, no one will ever trust anything fintech again.

Been with Piggyvest since 2017 sha, they've never given me a single reason to doubt them

15 Likes 1 Share

Parydelegate: 5:21am On Jun 02
Inec technical glitch

Jamb technical glitch

Now Piggyvest technical glitch....hmmm

10 Likes

Emeskhalifa(m): 5:22am On Jun 02
Ebinpawo1:
My people will never learn. It's just a pity!

Anyway, they said mugu no dey finish...

Who be this one again na grin
It was a glitch ogar, even your Bank dey girt glitch and what they will do is fix it.
No one is going anywhere with anyone's funds

3 Likes

SatoshiX: 5:28am On Jun 02
Omoh,lots of people were scarred to their marrow.
But if Piggyvest has failed, that would have mark the beginning of the end for Fintechs in Nigeria. because the panic would be more than CBEX. ๐Ÿ˜๐Ÿ˜

7 Likes

werisetogether(m): 5:28am On Jun 02
Mynd44:
Yesterday savings platform, s 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.

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

Thank GOD for social media

Can serve as a court of public record...

2 Likes 1 Share

hunterezi(m): 5:35am On Jun 02
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.

How? Teach us
Dandsome: 5:36am On Jun 02
This glitch will seriously affect them

3 Likes

Successsearch90(m): 5:37am On Jun 02
Lol
IamMobisola(f): 5:43am On Jun 02
hunterezi:


How? Teach us
Thread carefully ooo

23 Likes 1 Share

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