Wednesday, July 3, 2024
Home BUSINESS PiggyVest dispels rumours of system collapse

PiggyVest dispels rumours of system collapse

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By Kehinde Okeowo

PiggyVest management has dispelled the rumour making the rounds on social media, that the investment platform has collapsed. 

The savings and investment platform, formerly known as Piggy Bank, was launched in 2016 primarily as a savings app.

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It rebranded to become PiggyVest in 2019 and also began to offer investment opportunities to users besides savings.

Odunayo Eweniyi, PiggyVest Co-Founder/COO

But its imminent collapse has been trending online with some social media users, scaring investors using the platform. 

However, the management of the company has swiftly responded to reassure their customers that there is no cause for alarm. 

The statement

In an Instagram post tagged “SAFETY ALERT,” they said they are aware of the rumour of the collapse of PiggyVest platform on social media, and urged investors to ignore the false claim. 

They went further to reassure their customers, that the platform is not compromised and their investments are safe, they also thanked them for their patronage over the years. 

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“Our attention has been drawn to some rumors making the rounds about Piggyvest.

“Please note that Piggyvest will NEVER compromise the funds of any users in any way.

“All Piggyvest user funds remain safe and secure as always.

“No user funds have experienced any loss of any kind, nor will they experience anything of the kind.

“Thank you for trusting us over the years. We do not take it for granted, and once again, we reassure you that your funds are safe as always.” The statement reads. 

A prominent Nigerian blogger and author,   

Japheth Omojuwa has also lent his voice. He berated those putting the company and its staff at risk. 

He also noted that such unfounded allegations are capable of making Nigerians lose their jobs.

” This thing we do where we randomly and casually put Nigerian companies in harm’s way, it bites all of us in the end. We all pay for the job losses. There is no logic to this PiggyVest stuff. One irrational person posts a comment on IG and then it goes from there. It’s sickening.”he tweeted.

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