Banking & Finance

SAD: How Data Analyst’s Life Savings’ N807,000, Missing From Piggyvest Account

How Data Analyst’s Life Savings’ N807,000, Missing From Piggyvest Account, details can be accessed below.

BrandNewsDay reports that Oluwafemi Tomori, a data analyst in Abuja, received the shock of his life on March 16, when he realized his life savings of N807,000 had disappeared from his Piggyvest account.
He told FIJ the unfortunate situation made him so miserable that he resorted to squatting with a friend.

GTBank MD: Is Miriam Olusanya Still Married?

Narrating his unpleasant experience, Tomori said he received a notification from the Gmail app that he transferred N807,000 to another account on March 16.

He was shocked because an hour earlier, he transferred N200,000 from his account, and the recipient had yet to receive the money at the time he stumbled upon the grim notification.

He immediately called Piggyvest customer care to inform them that an unauthorised transaction had taken place on his account, and the bank gave him a sparkle of hope by telling him the transaction was pending.

Advertisement

“I also tagged everyone on Twitter to help out. Meanwhile, the N200,000 I transferred myself had not been received. So, I concluded that they probably stopped all funds coming out of my account,” Tomori told FIJ.

“At exactly 12.40 am on March 17, I got the alert of the N200,000. So, I called to apprise Piggyvest of the status of the N200,000 while I asked about the N807,000 I didn’t authorise.

“They assured me, just as they did my friend who went to their office in Lagos, that the funds were still pending and they had flagged the account already.”

Advertisement

Tomori said Piggyvest contacted him on Tuesday to brief him that the account of the beneficiary, the hacker responsible for the unauthorised transaction, had been flagged and was under investigation.

He said he woke up to the bank’s email on Wednesday to learn that the scammer had utilised the N807,000.

“How is it possible that the account Piggyvest claimed was flagged from the first day used the N807,000? This means Piggyvest has been lying to me from the first day,” he said.

“That is my entire savings, N807,000. I have been sleeping in a friend’s house since Thursday, and he has been the one feeding me.

Advertisement

“They have an insider running this, and they seem to be aware, but knowing we have no justice system, they are sure they will get away with this.”

When FIJ contacted Piggyvest for their comments via email, we only got an automated message: “Your email is currently receiving the necessary attention, and you’ll receive a response within 24 working hours.”

Facebook Comments
Advertisement
Brand News Day

Recent Posts

Stanbic IBTC Empowers MSMEs With Business Growth Insights At Nigeria Business Summit Regional Tour In Ibadan

Stanbic IBTC - Micro, Small, and Medium Enterprises (MSMEs) across Oyo State embraced the opportunity…

4 days ago

GTBank Bagged Best Overall Performing Bank In Nigeria In The Banker’s Top 1000 World Rankings 2026

Guaranty Trust Bank Ltd (GTBank), the flagship banking subsidiary of Guaranty Trust Holding Company Plc…

2 weeks ago

Stanbic IBTC Hosts Clients At Lagos Polo Club’s Unity Cup In England With Chief Executive, Chuma Nwokocha

As a major sponsor of Lagos Polo Club over the years, Stanbic IBTC was proud…

2 weeks ago

Kenya Gives Central Bank Emergency Powers To Rescue Struggling Banks In 2026

Kenya has introduced new legal powers allowing its central bank to provide emergency financial support…

2 weeks ago

Stanbic IBTC Capital Wins Best Investment Bank In Nigeria At 2026 Global Banking And Finance Review Awards

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings, has been named the Best Investment…

2 weeks ago

Rethinking How Nigeria Supports SME Growth

By Olajumoke Bello, Head Enterprise Banking, Stanbic IBTC Bank Across Nigeria, small and medium enterprises…

2 weeks ago

This website uses cookies.