DEFINITIONS

References to “we”, “us” or “our” are references to an entity duly incorporated and licensed by the laws and regulations of the Federal Republic of Nigeria to provide the Service either directly or in partnership with other companies. The entity is selected by the Service at the time of your Use.

1.1. “Account” means a current or savings account or other account maintained at any financial institution in Nigeria.



1.2. “Agreement” means the legal agreement created between you and us that includes all terms, definitions, and provisions set forth in these Terms and Conditions.

1.3. “App” means a ADROYTE LENDING SERVICES mobile application, USSD or other channels used to access the ADROYTE LENDING SERVICES service.

1.4. “Card” means a payment instrument used to issue financial transactions including, but not limited to, Verve Card, Naira Mastercard, Visa Card, or any other payment instrument.

1.5. “Credentials” means a secret token or set of secret tokens used to authenticate and/or authorize a financial transaction on your behalf including, but not limited to, Account passwords, Card PINs, Card expiration dates, or Card Verification Value (CVV).

1.6. “Customer Service” means any personnel provided by us or any third-party/partner to assist with the use of the ADROYTE LENDING SERVICES service or to provide any information whatsoever about the ADROYTE LENDING SERVICES.

1.7. “Partner” – a company duly licensed by the NCC (National Communications Commission) or the CBN (Central Bank of Nigeria) to operate in their particular industry in Nigeria, on whose network/system you are using the ADROYTE LENDING SERVICES.

1.8. “Default” means any failure to meet your financial obligations due to us, as and when due as we have independently determined and communicated to you, as a result of your use of the ADROYTE LENDING SERVICES.

1.9. “Device” means any electronic device using a SIM (Subscriber Identity Module) card registered for use by a Telco approved by us with the ability to run a mobile application that communicates via the internet, and/or via USSD (Unstructured Supplementary Service Data), and/or via SMS (Short Message Service), and/or any other means as us or the Telco may deem appropriate from time to time.

1.10. “Instruction” means your request to us for lending services.

1.11. “Parties” means you and us severally, the parties to this Agreement.

1.12. “Personal Data” means any data, details, or information about you or your activities, provided to us either directly by you or by a third party, or gathered through the access, view, or use of the ADROYTE LENDING SERVICES mobile application/USSD or any other service provided by us. This includes technical information about your Devices and related software, hardware and peripherals you use, your call data records, bank usage, utility usage, SIM registration data, and any other information about you we deem appropriate to collect from time to time to offer you services.

1.13. “Regulator” means the Central Bank of Nigeria (CBN) or the National Communications Commission (NCC), or any other regulating branch of the Federal Government of Nigeria as appointed to regulate banking and/or telecommunications from time to time.

1.14. “Requirements” means that you are over 18 years of age and have a properly registered SIM card with the Telco. The SIM card must be active for at least 90 days prior to your use of the ADROYTE LENDING SERVICES.

1.15. “Service” means the ADROYTE LENDING SERVICES, any App, or any payment or financial transfer method provided by us or a third party for interaction with the ADROYTE LENDING SERVICES, the use of any Customer Service line provided by us or a third party for the purposes of providing information of any sort about the ADROYTE LENDING SERVICES or your use of the ADROYTE LENDING SERVICES service. The ADROYTE LENDING SERVICES service comprises of the following services:

1.15.1. Instant utility loan Service;

1.15.2. Communication about the ADROYTE LENDING SERVICES;

1.15.4. Communication about your use of the ADROYTE LENDING SERVICES;

1.15.5. such other services as we may make available from time to time.

1.16. “Third Party” means any party, including their successors and/or assigns, employed or engaged for the purposes of delivering and/or maintaining the Service.

1.17. “Use” means your accessing, viewing, or engaging with the Service, whether by a Device, or one of our employees, or by any other means made available by the Service.

ACCEPTANCE OF AGREEMENT

BY USING THE SERVICE YOU INDICATE THAT YOU UNCONDITIONALLY ACCEPT THE TERMS OF THIS AGREEMENT AND YOU AGREE TO ABIDE BY THEM.