After the collector unexpectedly passed away, a man from the UK revealed the tragic tale of losing £12,000 (N24M) in a thrift savings scheme.
User @tobyasky described the incident in detail in a widely shared post on X (previously Twitter), exposing the financial and emotional toll it has taken.
Twelve close-knit members of the thrift scheme, called Ajo, contributed £1,000 a month. The scheme operated successfully for months, with one member receiving £12,000.
But when it was @tobyasky’s turn to collect in July, tragedy happened. Two days before to the payout, Kola, the group’s collector, had not responded.
How I lost £12,000 to thrift contribution
“This year wasn’t funny. I was part of a monthly “ajo” contribution group. We knew each other well, all 12 of us, no stranger amongst us.
We contributed £1,000, and every month, one person took home £12,000. It was built on trust, and we’d never envisage or even had any issues. It was
finally my turn to collect sometimes in July.
I’d already planned how I would use the money, pay off some debts and invest the rest.
We have a group chat but Kola (the guy who holds the money) has not been really active for about 2 days, nobody had anything to worry about though.
I called Kola repeatedly on the day of the payout, but there was no answer. Then, few days later, his wife called one of us, sobbing. Kola had passed away that some days ago.
It took us one month to be able ask Kola’s wife about the money just to be sensitive. When we eventually did, she had no idea about it.
To this day, we don’t know what happened to the money.”
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