July 31, 2024

Nature of Agreement
Funding services provided via this platform constitute a private contractual agreement between the Lender and the Borrower. All risks, liabilities, and obligations arising from the agreement are entirely the responsibility of the respective parties involved.

Credit Risk
The Lender bears full credit risk, including the possibility of default by the Borrower. No governmental authority, including the Central Bank of Nigeria (CBN), guarantees the repayment of any funding or assumes any liability in the event of default.

Data Privacy and Consent
By using this platform, Users consent to the collection, storage, use, and processing of their personal data by the Operator in accordance with the Nigeria Data Protection Act (NDPA) and other applicable regulations. Users will be informed about the purpose, scope, and mechanism of data utilization prior to granting consent.

User Suitability
Individuals who lack adequate understanding, financial experience, or risk tolerance concerning lending and borrowing are strongly advised not to use this service. Participation is at the User’s own risk.

Loan Affordability
Borrowers are urged to carefully assess their ability to repay, taking into account the interest rates and all associated fees before applying for a loan.

Fraudulent Activities
All fraudulent behavior is logged digitally and may be publicly traceable. The Operator reserves the right to take appropriate legal action, including reporting to law enforcement or regulatory authorities.

Informed Decision-Making
Users must thoroughly read, understand, and accept the platform’s terms and conditions, as well as this Risk Disclosure Statement, before entering into any funding or borrowing agreement.

Regulatory Compliance
The Central Bank of Nigeria and other regulatory bodies shall not be held liable for any actions or omissions by Users (either intentional or negligent) that contravene existing laws, regulations, or terms of agreement between Users and the Operator.

Transaction Channels
All funding and loan disbursements must be executed via licensed Nigerian financial institutions, in accordance with CBN regulations on funds transfer, anti-money laundering (AML), and know-your-customer (KYC) obligations.

About the Company
ABADI TECHNOLOGY LTD is a legally registered entity in Nigeria, operating in compliance with applicable Nigerian corporate and financial services laws. The Company is duly registered with and operates under the supervision of the Central Bank of Nigeria (CBN).
The Company functions solely as a technological intermediary, facilitating connections between lenders and borrowers. It does not engage in lending activities itself, nor does it provide financial advice or investment recommendations.
All services provided through the platform are administrative in nature, and any funds transferred through the platform are not considered deposits as defined under the Nigeria Deposit Insurance Corporation (NDIC) or other applicable banking laws.

Disclaimer:
All information presented on the platform or website, including any promotional or informational materials, does not constitute an offer, solicitation, or recommendation to invest in securities or financial instruments. Users act on their own judgment and are responsible for complying with all applicable laws and regulations.