Piggyvest, a secure online savings platform, has assured its users that their savings are safe and secured. The fintech startup approved and regulated by the Central Bank of Nigeria (CBN) stated this in a statement posted on its social media handles.

The startup, founded in 2016 by Ayo Akinola, Joshua Chibueze, Nonso Eagle, Odunayo Eweniyi, and Somto Ifezue, had to give this assurance after rumours went viral that it lost N2 billion to a fraudulent investment scheme.

The statement reads: “Our attention has been drawn to some rumours 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.

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“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.”

This quick response by Piggyvest calmed a lot of concerned users and perhaps the rumours were eventually dispelled after it sent emails guaranteeing the safety and security of funds.

Musa Suleiman
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