{"id":95382,"date":"2021-10-19T07:00:04","date_gmt":"2021-10-19T06:00:04","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=95382"},"modified":"2021-10-19T07:00:04","modified_gmt":"2021-10-19T06:00:04","slug":"piggyvest-dismisses-rumours-of-losing-n2bn-to-imagine-global-solutions-limited","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/10\/19\/piggyvest-dismisses-rumours-of-losing-n2bn-to-imagine-global-solutions-limited\/","title":{"rendered":"PiggyVest dismisses rumours of losing N2bn to Imagine Global Solutions Limited"},"content":{"rendered":"<p>An online savings platform, PiggyVest has dismissed reports of investing N2 billion in an alleged scam involving a micro-lending company identified as Imagine Global Solutions Limited.<\/p>\n<p>Recently, there have been rumours on social media that the company lost<span data-preserver-spaces=\"true\">\u00a0investment in the scheme, but PiggyVest denied the insinuation, assuring customers that their funds are \u201csafe and secure\u201d.<\/span><\/p>\n<p>In a statement published on its website, Imagine Global Solutions Limited (Imagine Lenders) claimed that<span data-preserver-spaces=\"true\"> it is licensed and duly registered to operate microfinance institution in Nigeria. This claim is found to be false and misleading as the company was not listed among licenced microfinance institutions by the<\/span><span data-preserver-spaces=\"true\">\u00a0Central Bank of Nigeria <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/10\/18\/finance-ministry-working-with-cbn-to-close-exchange-rates-gap-zainab-ahmed\/\">(CBN)<\/a>.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The company said it operated for four years with coverage in 19 of the 36 states in Nigeria with 90,000 customers \u2014 offering loan disbursement between 10,000 and 100,000 for a 30 \u2013 40 day cycle.<\/span><\/p>\n<p>There are allegations flying around that one<span data-preserver-spaces=\"true\">\u00a0Bamise Ajetumobi and Elizabeth Ajetunmobi, his wife, the founders, fled with billions of naira belonging to their investors.<\/span><\/p>\n<p>PiggyVest while dismissing the rumour via a statement sent to its customers on Monday said\u00a0it never invested in Imagine Global.<\/p>\n<p>It assured customers that their funds would never be compromised, adding that they should disregard the rumours.<\/p>\n<p>\u201cPlease ignore any news about PiggyVest losing customer funds to IMG,\u201d the statement reads.<\/p>\n<p>\u201cNo PiggyVest customer funds are in \u201cIMG\u201d. Customer funds are only invested in asset-backed instruments like commercial papers, bonds, fixed income notes, etc.<\/p>\n<p>\u201cWith over N250 billion returned successfully to customers, Piggyvest has never and will never compromise the funds of any customer in any way. All Piggyvest customer funds remain safe and secure as always&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An online savings platform, PiggyVest has dismissed reports of investing N2 billion in an alleged scam involving a micro-lending company identified as Imagine Global Solutions Limited. Recently, there have been rumours on social media that the company lost\u00a0investment in the scheme, but PiggyVest denied the insinuation, assuring customers that their funds are \u201csafe and secure\u201d. [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":95392,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[16587],"tags":[658,20250,20251,20249],"class_list":["post-95382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-cbn","tag-imagine-global-solutions","tag-imagine-lenders","tag-piggyvest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PiggyVest dismisses rumours of losing N2bn to Imagine Global Solutions Limited<\/title>\n<meta name=\"description\" content=\"An online savings platform, PiggyVest has dismissed reports of investing N2 billion in an 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