Stella Dimoko Korkus.com: Saturday In House Gists - Money Contribution Gone Wrong...

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Saturday, May 08, 2021

Saturday In House Gists - Money Contribution Gone Wrong...

 In Nigeria there are lots of work groups and registered groups collecting daily or monthly money from people in little or large groups.....One person collects all and then the process is repeated for the next person to collect......





Sometimes the process goes wrong and it becomes one chance or enters voicemail...

Have you ever been part of a contribution that went wrong before or after you collected yours? Or you know someone it happened to? Was it scam or genuine?

How does it really work? how much was involved? Was the problem rectified or it was a 'Bye Felicia' situation?

A BV Recently contributed millions and the whole contribution process crashed thereafter...... he wont get his money back and he is still in shock.

Lets gist!

41 comments:

  1. My contribution with Nwunye pastor that year,I am coming πŸšΆπŸšΆπŸšΆπŸƒπŸƒ

    ReplyDelete
    Replies
    1. Oh mine nwunye pastor
      Pastor mrs japa with your money πŸ˜€πŸ˜€πŸ˜€πŸ˜€πŸ˜€πŸ˜€πŸ˜€πŸ˜€πŸ˜€πŸ˜€

      Delete
    2. I have never had any issue with all the contributions I have done and still doing......

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    3. I have only tried it once, 12 people that I only knew 1 of them who was my colleague. This colleague told me about it and I decided to do for 2. I was to collect in June and September or October. To cut a long story short, June came, shishi, I no see... colleague started begging that she collected it on my behalf but someone borrowed it from her and hasn't paid back. Mumu me, na so I continued the contribution o, it was when I was to collect the 2nd one that it downed on me that I had been duped!
      I worked for that ex colleague for that year literally. Chai! I have let go cos it's been years but that wasn't funny. People get mind o

      Delete
  2. Did contribution once. Was suppose to use it for my flight ticket, when it got to my turn to collect stories entered, had to report the lady to the accountant in her office, it took time but eventually he the accountant paid me. whether she wasn't paid for months or not i just don't care

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  3. I dont do contribution and had no experience. My mom used to take part in contribution. Most times, the money never go round and sometimes there is someone that will always default. Its even preferable to put your money in the bank or use it for a business than do contribution.

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  4. Am a civil servant, the office contribution is the only way i have change left, in fact i have plenty gbese hanging on me , loans here and there , i don't eearn up to 65k and i stay in lagos , tfare lasan na helele, but the monthly contribution helps me a lil bit , and i do it with sensible people , not the ones that will collect money , when it their turn to contribute, they will start yarning okpata , i don't have strengthπŸ˜€πŸ˜€πŸ˜€πŸ˜€ And i can't cry

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  5. My mother told me her destiny was against it but at least she did two or 3 that I knew about and she never got her money and that's how it was for her all through her life. So I just had that subconscious feeling that it's a family thing and I was never interested. After o stated working, I decided to try it out and it unfortunately didnt work out well for me, so I remembered my mom's saying. 2 years after some people at work started, I was on leave that's how someone went to put my name and even paid for me. I was angry but was forced to do it and luckily, I got my money with no stress. After that I told them, I'm not doing again.

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  6. I participated in osusu ,back then when i was working,it was between me nd my co workers ,they gave me my 100k when it was my turn..since then

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  7. Greed; sheer greed and laziness.
    What are the banks there for?
    Since some people have been bitten once or twice by ponzi
    schemes, they have began to customize it to meet the imagination
    of many folks that pursue vanities.

    There was one that my mom "invested" in that was even a "community bank'
    They promised her 40% interest payable monthly; really?
    Which bank, even the mainstream banks do not pay such. You don't know simple
    economics of the polity, eh graduate? Of course, she received the "dividend"
    for a few months and the huge sum vanished!
    "Seek ye first the Kingdom of God and his righteousness and all these things the
    pagans run after will be added to you..."

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    Replies
    1. Greed and laziness? For esusu? What are you saying?

      Delete
    2. Mystic, anonymous didn't read to understand.

      Delete
  8. It takes a disciplined and an honest person to hold so much money and still pay back. It's tempting, I'm currently in a contribution but at the end it's to buy household appliance. I hope I don't get disappointed Sha.

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  9. I'm a victim I could remember 2017 wen I was still working as a merchandiser in a shopping mall, I decided to join my Aunty in dia contribution out of the trust I had fro her (she was d founder) I even had to involve my frnd chidinma to the contribution which she did because she trusted me also.

    The first one was successful,then it got to my frnds turn to take her money my aunty stopped picking her calls my frnd had to call me to report the issue to me I now call my Aunty on phone, she told me I should tell my frnd to bear with her that she's preparing for her traditional marriage, that she doesn't have any money to give her now, how on Earth am I supposed to tell her that trash? Knowing fully well this was not part of our agreement.. that was how my frnd was on my neck I don't, u needed to see d pressure on me then I had to use my own personal money to pay her for peace to reign, then the next month was my turn being the month of her marriage she Said after her marriage she will pay me back my money..we never knew she used our contribution money for her marriage because we were 5 in number including her...


    That was how my money entered voice mail uptill today,i could remember The year 2019 wen I decided to ask her for the money, she even had to denial that it wasn't the amount same thing she did to the other people... She even had d gust to tell me the amount of money she will pay me from d money that she can't pay all.. uptill now she only paid 10k out of 120,000..

    ReplyDelete
    Replies
    1. She's a thief!

      Delete
    2. Aha!!! That's too bad of her, what kind of person is she?

      Delete
  10. I have been doing it since last year with different groups and I thank God so far. I have collected the first group but my only problem is when u are the first to collect, it will be hard to balance it up.

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  11. There's one currently we are doing but it's month end basis. We are contributing 50,000 each person every month end and one person will collect 600,000. We are twelve in numbers and it will run till December.

    So far four persons have collected and it's going very well. Ours is backed up legally and those involved are well to do in their various businesses. So the confidence is there. I have done several of this kind of contribution in the past but on a low amount of 5,000 to 10,000. This is the highest I am currently doing.

    So far, I've never encounter any problem in all the time I participated and pray it doesnt happen.

    ReplyDelete
    Replies
    1. I hope it runs smoothly...

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    2. I did 50k monthly too when I was still working with a commercial bank 2013. We were all bankers and knew when salary will enter so no stories. We even collect signed withdrawal slips or cheques before date. Contribution if done well is very good, helped me pay my rent of 350k back then without any hassles as a single lady. I miss those days so much

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    3. Omeh, it really helps. I picked number two but I exchanged with someone. Don't wanna collect early. I opted for seventh. With such amount one can invest on anything profitable.

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    4. I have done that of 50k before, but mehn it wasn't easy for me o..the kind fear wey catch me cos I was the last person, I kept putting all of them in byforce prayers o, immediately I collect I no do again

      Delete
    5. Contribution with matured people is very nice and helpful.
      But we never exceed 10 persons so by October, we have finished and everyone has their monies to flex by December.

      Delete
  12. I am mama contribution, I'm responsible for the money, I've never had any problems with any body,if u are new,I don't give u on time,I will observe u first and after giving u money u refuse to pay,I will just come to your house and take one of ur property that will be equivalent to the money but so far so good for over 3yrs now no serious problem from anybody,just make sure the people make sales everyday or are salary earners,not jobless people.

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  13. I remember one man in my street then that organosed such contribution, when it was time to give the people their money multiple problems came up that he had to use the money to offset, till date i i dont remember how the story ended because i gained admission and i left home.

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  14. The ones I was involved in did not crash

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  15. What is wrong in putting 50k away per month for 6 months? It will still be N300k without the anxiety and risk of someone else disappearing with your money.

    ReplyDelete
    Replies
    1. I've been doing contribution at my work place for years now. It has been my saving grace. No stories of any sort. It helps me to do a tangible thing for myself.

      But if I decide to be putting it in a bank, one issue will come up that will make me use the money without proper planning.

      Delete
    2. Sometimes you need the bulk sum at once for something. The one I can't do is this daily one that most market people do where someone will come daily,collect money and sign card. I've seen it end in premium tears usually at the end of the year. Il rather use bottle to be saving my money at home if I chop am at least Na me chop my money

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    3. Nothing is wrong with it, except that an urgent problem can surface and cause one not to make the savings for that year. This contribution forces you to make the payment, as other people hold you accountable.
      I have never done it sha. I prefer the cooperative at work that just deducts a defined amount per month at source.

      Delete
    4. Anon 16:16, you spoke my mind. You can go to a bank different from your default and open an account then make monthly transfers to that account from your default bank account every month. Don't ask for the ATM card and don't set up online banking and you're good. You may even do a fixed deposit when you've Dave enough or out it in the stock market. If people are not financially disciplined, getting them to pay their part after they have gotten their own share may be a problem. Save yourself the stress

      Delete
  16. I did in 2003, it was my junior sister friend. We were to collect 7k each since it will go round. I did ooo, pay ooo them collect, reach my turn na stories. I did not see even if na 1k give for where. Just told myself no more and God really blessed me because salary was increased 100%. Since then I no do.

    If I want to do, let me be paying it in the bank and throwaway my ATM card, that is what is in my mind to do

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  17. Several times I have done contribution it didn't end well but I joined one this year and I collected mine last month. I will say the best contribution I have ever done is only this one.

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  18. My contribution its for only me and lπŸ˜€. I have my piggy box ,I started since Jan 1st 500 everyday. I hv been doing it religiously. God help me not 2 touch it.

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  19. My bank deduct 100k from my account every month for my kids education insurance. This has been going on for 6 years. Maturity is 2025. I prefer this to hanging my heart waiting for people to pay contribution. My wife did contribution against my advice years ago, it got to her turn and some were giving excuses. Well she got her money back after l involved the police. Some BVs talked about Stanbic money market here about 2-3 years ago, this what she has been investing her money in .

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  20. I have been doing contribution since 2017 at my former place of work,even though,I'm no more working there,I'm still doing and so far so good,there hasn't been any issue, whatsoever. It has been helping me sort out some things.My current place of work, we are doing contribution too. Contribution is very good,when you are doing it with reliable and trustworthy people.

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  21. This is my 10th year with same group of ladies. It has worked. We contributed N100k monthly for 11 months. December is not included. If you don’t pay on the agreed date, you pay a fine. No story, it has really helped.

    ReplyDelete
  22. I started working two years ago, joined the company's contribution group immediately, So far it has been smooth without hitches. ours runs for ten months,it's not the type where someone packs at the end of the month, we all drop a particular amount for ten months, members are permitted to borrow and pay back with interest every month... money is shared in November with 10% interest for members... shikenan
    Circle repeats the next year

    ReplyDelete

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