Terms and Conditions of Use

1. Acceptance of Terms

By creating an account, completing a registration form, accessing or using the NASFIM Platform, you acknowledge that you have read, understood and agreed to these Terms and Conditions.

2. Eligibility

To use the NASFIM Platform, you must:

• Be at least 18 years of age
• Have the legal authority to register and enter into agreements
• Provide accurate and truthful information during registration

3. Accuracy of Information

Users agree to provide accurate, complete and current information.

NASFIM reserves the right to:

Users shall be solely responsible for the information submitted on the platform.

• Verify submitted information
• Request additional documentation
• Suspend or terminate accounts containing false or misleading information

4. No Guarantee of Funding

Registration on NASFIM does not guarantee:

Funding decisions remain solely at the discretion of participating financial institutions, investors and funding providers.

• Approval of loans
• Receipt of grants
• Securing investments
• Access to any specific funding opportunity

5. User Responsibility

Users are responsible for:

• Maintaining the confidentiality of their login credentials
• Ensuring that all information uploaded is lawful and accurate
• Updating their profile when information changes

6. Platform Role

NASFIM serves as a digital marketplace and facilitator connecting businesses with funding opportunities and support services.

NASFIM:

• Is not a lender
• Is not an investor
• Does not guarantee funding
• Is not liable for funding decisions made by third parties

7. Privacy and Data Consent

By registering, users consent to NASFIM:

NASFIM shall take reasonable steps to protect user information in accordance with applicable laws and best practices.

• Collecting and storing information provided during registration
• Sharing relevant information with participating financial institutions, investors, development partners and service providers for the purpose of facilitating opportunities
• Using anonymised data for research, analytics and ecosystem development

8. Prohibited Activities

Users shall not:

NASFIM reserves the right to suspend or terminate offending accounts.

• Provide false information
• Upload fraudulent documents
• Impersonate another person or organisation
• Use the platform for unlawful activities
• Interfere with the security or operation of the platform

9. Limitation of Liability

NASFIM, ASBON and their partners shall not be liable for:

• Funding decisions
• Loss of business opportunities
• Financial losses
• Disputes between users and third parties
• Decisions made based on information provided on the platform

10. Modification of Terms

NASFIM reserves the right to amend these Terms and Conditions at any time. Updated terms shall become effective upon publication on the platform.

11. Governing Law

These Terms and Conditions shall be governed by the laws of the Federal Republic of Nigeria.

Any dispute arising from the use of the platform shall be subject to the jurisdiction of Nigerian courts.

Additional Terms for SMEs

By registering as an SME, you further agree that:

• All business information and documents submitted are genuine and authentic.
• You have the authority to submit information on behalf of your business.
• You understand that registration does not guarantee funding.
• You consent to your business profile being viewed by participating institutions and investors.
• You shall promptly notify NASFIM of any material changes to your business information.

Additional Terms for Financial Institutions, Investors and Partners

By registering, you further agree that:

• Information provided regarding your institution is accurate and complete.
• You will use information obtained through NASFIM solely for legitimate business purposes.
• You will comply with applicable laws, regulations and confidentiality obligations.
• You will not misuse or commercially exploit user data without proper authorisation.
• You are solely responsible for your funding and investment decisions.

Consent Declaration

By clicking the I Agree button and completing your registration, you confirm that:

By clicking Register, you agree to the NASFIM Terms & Conditions and Privacy Policy and consent to your information being shared with participating financial institutions, investors and partners for the purpose of facilitating opportunities. Registration does not guarantee funding, grants, loans or investments.

• I have read and understood the Terms and Conditions of NASFIM.
• I consent to the collection and processing of my information for the purposes of operating the NASFIM Platform.
• I understand that registration on NASFIM does not guarantee access to funding, grants, loans or investments.
• I agree to abide by all applicable rules, policies and guidelines of the NASFIM Platform.