A Nigerian individual encountered difficulties when trying to withdraw ₦1,000 from his PiggyVest account back in 2020, leading him to abandon the attempt.
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He later explained that he lost the phone number linked to the original account, which removed any urgency to recover the funds. Subsequently, he installed the PiggyVest app again using his current mobile number, attracted by the platform’s competitive interest rates. Curiosity prompted him to log in with his old credentials, and to his surprise, the balance showed more than ₦4,000.
He remarked, “Had I left ₦1,000,000 untouched, the sum could now exceed ₦4,000,000. This underscores the tremendous impact of compound interest.”
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