Following the collector’s untimely death, a man from the UK has shared the tragic tale of losing £12,000 (N24M) in a thrift savings scheme.
X (formerly Twitter) user @tobyasky described the incident in detail in a post that went viral, exposing the financial and emotional toll it has taken.
Ajo, the thrift scheme, was run by 12 close-knit members who each contributed £1,000 a month. For months, everything went according to plan, with one member making £12,000.
However, when it was time for @tobyasky to collect, tragedy struck in July. Two days prior 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.”
Published by Ejoh Caleb
