NewStats: 3,263,667 , 8,180,948 topics. Date: Saturday, 07 June 2025 at 07:52 AM 2r5r6o

Na from clap dance dey start.

Damn..i thought about this recently.

Nickisindigo:
I would prefer piggyvest to UBA sha

Any day, any time. Them better UBA

Shidinky:
Lol
Una dey try sha. Aside stock trading. And other physical investment. I no like all these investment apps

baba even if physical bank close with ur money...nothing you go do. Ask heritage bank Customers.

emkz:
Test the microphone hey....

Piggyvest test the microphone heyy...

Hahahahahahahaha

I no even fit right now

Shidinky:
Lol
Una dey try sha. Aside stock trading. And other physical investment. I no like all these investment apps

..... Teach m how to invest in stock

inoki247:
Piggyvest wan Cbex People money



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,..

Is Tbills still a thing?
Or it's just sukuk we have now?

Axis313:

Through sport betting abi?

Nah..

ruggedtimi:
baba even if physical bank close with ur money...nothing you go do. Ask heritage bank Customers.

Heritage bank customers were refunded by the NDIC. That's because NDIC insures Piggyvest.

Ask yourself if Piggyvest has NDIC cover.

Zetty177x:


U said it all..very apt.👍

They have been operating since 2017, the are also ed 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 ed 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

ruggedtimi:
baba even if physical bank close with ur money...nothing you go do. Ask heritage bank Customers.

I never liked heritage from day one. Many banks for naija person no suppose near them

ideatoprince18:
..... Teach m how to invest in stock

Na capital sha
Usa tech stocks and micro stocks are a good start

OkayDaddy:


Heritage bank customers were refunded by the NDIC. That's because NDIC insures Piggyvest.

Ask yourself if Piggyvest has NDIC cover.

Piggyvest is not a bank; it is a fund manager. The organisation that oversees them is the SEC, and they are ed. Please screenshot below

OkayDaddy:


Heritage bank customers were refunded by the NDIC. That's because NDIC insures Piggyvest.

Ask yourself if Piggyvest has NDIC cover.

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.

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 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!

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

"ELOFOKAN BALE" Jagaban 2023.

HenryWilliams:


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

I understand, no company our there that does not experience technical glitch once in a while

[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]

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.

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 s
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

richforever123:

Piggyvest is not a bank; it is a fund manager. The organisation that oversees them is the SEC, and they are ed. Please screenshot below

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.

Ebinpawo1:
My people will never learn. It's just a pity!

Anyway, they said mugu no dey finish...

learn what?

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 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!

You are comparing 2 differnt things. Piggyvest is not a Ponzi scheme. They don't promise ridiculous ROIs.

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.

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.

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 but that the problem has now been fixed and the appologized

https://x.com/piggyvest/status/1929138533857460670?t=CgNYpokPN1e_bOcgfNpxug&s=19

That how countries can print money they will just add it to their balance.

hunterezi:


How? Teach us

na gambler him be, dem dey too get moral the reason dtin keep making them poorer.

OkayDaddy:


Heritage bank customers were refunded by the NDIC. That's because NDIC insures Piggyvest.

Ask yourself if Piggyvest has NDIC cover.

Sorry to disappoint you, majority of them haven't been refunded. So now I am curious on the usefulness of NDIC.

Nwaokunkpara:
They're testing what the real disappearance will be like

And some people will still not have sense until all their life savings gone..

OkayDaddy:


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.

My Oga, Yes, if your company is ed 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 ed 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