Terms and Conditions

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COVENANT MICROFINANCE LIMITED TERMS AND CONDITIONS

General

This agreement governs your use of the Covenant Microfinance Bank Limited information service (the “Service”), including Discussion Areas, which is operated by Covenant Microfinance Bank Limited,(“Covenant Microfinance Bank Limited”). Additional terms and conditions of use applicable to specific areas of the Service may also be posted in such areas and, together with this agreement, govern your use of those areas. This agreement, together with any such additional term and conditions, are referred to as this “Agreement.”
Covenant Microfinance Bank Limited reserves the right, in its discretion, to change or modify all or any part of this Agreement at any time, effective immediately upon notice published on the Service. Your continued use of the Service constitutes your binding acceptance of these terms and conditions, including any changes or modifications made by Covenant Microfinance Bank Limited as permitted above. If at any time the terms and conditions of this Agreement are no longer acceptable to you, you should immediately cease all use of the Service.

Use Of Content

You acknowledge that the Service contains information, software, photographs, audio and video clips, graphics, links and other material (collectively, the “Content”) that are protected by copyright, trademark or other proprietary rights of Covenant Microfinance Bank Limited or third parties. All Content on the Service is copyrighted as a collective work of Covenant Microfinance Bank Limited pursuant to applicable copyright law. You agree to comply with any additional copyright notices, information, or restrictions contained in any Content available on or accessed through the Service. Users of the Service may use the Content only for their personal, non-commercial use.
You may not modify, publish, transmit, transfer or sell, reproduce, create derivative works from, distribute, perform, display, or in any way exploit any of the Content, in whole or in part, except as expressly permitted in this Agreement. Content consisting of downloadable software may not be reverse engineered unless specifically authorized by the owner of the software’s patent and/or copyright. You may post on the Service any Content owned by you (such as your original statements), Content for which you have received express permission from the owner and Content in the public domain. You assume all risk and responsibility for determining whether any Content is in the public domain. You grant to Covenant Microfinance Bank Limited the right to edit, copy, publish, distribute, translate and otherwise use in any medium any Content that you place on the Service without compensation to you. You represent and warrant that you are authorized to grant all rights set forth in the preceding sentence.
You may download or copy the Content only for your own personal non-commercial use, provided that you maintain all copyright and other notices contained in such Content. You shall not store electronically any significant portion of any Content. Except as expressly permitted by the copyright laws, no copying, storage, redistribution or publication of any Content is permitted without the express permission of Covenant Microfinance Bank Limited or the owners of such Content or their authorized persons, if other than Covenant Microfinance Bank Limited. You may download from the Service any Content in the public domain for your own personal use or for non-commercial redistribution.

No Endorsement

Covenant Microfinance Bank Limited does not represent or endorse the accuracy or reliability of any Content posted on any Interactive Area and you acknowledge that any reliance upon such Content shall be at your sole risk. Any Content placed on any Interactive Area by users represents the views of the user posting the statement and does not represent the views of Covenant Microfinance Bank Limited.
The Service may contain links to sites on the Internet which are owned and operated by third parties (the “External Sites”). You acknowledge that Covenant Microfinance Bank Limited is not responsible for the availability of, or the content located on or through, any External Site. You should contact the site administrator or Webmaster for those External Sites if you have any concerns regarding such links or the content located on such External Sites.

Indemnity

You agree to indemnify, defend and hold Covenant Microfinance Bank Limited and its affiliates, and their respective officers, directors, owners, agents, information providers and licensors (collectively, the “Covenant Microfinance Bank Limited Parties”) harmless from and against any and all claims, liability, losses, costs and expenses (including attorneys’ fees) incurred by any Covenant Microfinance Bank Limited Party in connection with any use or alleged use of the Service under your password by any person, whether or not authorized by you. Covenant Microfinance Bank Limited reserves the right, at its own expense, to assume the exclusive defence and control of any matter otherwise subject to indemnification by you, and in such case, you agree to cooperate with Covenant Microfinance Bank Limited’s defence of such claim.

Disclaimer of Warranties; Limitation of Liability

Neither Covenant Microfinance Bank Limited nor any provider of third-party content or their respective agents warrants that the service will be uninterrupted or error free; nor does Covenant Microfinance Bank Limited, any third-party content provider, or their respective agents make any warranty as to the results to be obtained from use of the service or the content. The service and the content are distributed on an “As is, as available” basis. None of Covenant Microfinance Bank Limited, third-party content providers and their respective agents make any warranties of any kind, either express or implied, including, without limitation, warranties of title or implied warranties of merchantability or fitness for a particular purpose, with respect to the service, any content or any products or services sold through the service. Neither Covenant Microfinance Bank Limited nor any third-party content provider warrants that any files available for downloading through the service will be free of viruses or similar contamination or destructive features. You expressly agree that the entire risk as to the quality and performance of the service and the accuracy or completeness of the content is assumed solely by you.
Neither Covenant Microfinance Bank Limited, any third-party content provider nor their respective agents shall be liable for any direct, indirect, incidental, special or consequential damages arising out of the use of or inability to use the service, even if such party has been advised of the possibility of such damages.

Indemnity for liability Instrument

All liability instrument issued or purported to be issued by Covenant Microfinance Bank Limited (“Bank”) (including without limitation, Advance Payment Guarantee, Performance Bond, Retention Bond, Warranty Bond, Bank Guarantee, Bid Bond, Bid Security, Tender Guarantee, Tender Security, Standby Letter of Credits, amongst others) shall require independent written verification or authentication of such instrument by the company secretary or legal adviser of the Bank before any reliance can be placed on such instrument by any beneficiary or any other party.
Please note that the Bank shall not be held liable to any party or beneficiary for any loss or damage of whatever nature (whether direct or indirect) suffered as a result of reliance placed on an unconfirmed or unverified instrument issued or purported to be issued by the Bank.

BVN (Bank Verification Number)

By giving Covenant Microfinance Bank Limited your BVN, you authorize Covenant Microfinance Bank Limited to collect and save your data from the BVN database as part of our KYC information to fulfil regulatory requirements. All KYC data collected will be treated as confidential. You also permit us to use your BVN to monitor, prevent and detect fraudulent activities and share the same with CBN authorized BVN stakeholders, for the purpose of deterring financial fraud.
In the process of verifying your identity and BVN, Covenant Microfinance Bank Limited has the sole discretion to refuse any Account or Wallet opening application for a number of reasons. In addition, we reserve the reserve the right to ask you before opening an Account and at any point during your use of Covenant Microfinance Bank Limited for supplementary information and identification documents as well as any supporting documents that we may deem necessary.
We reserve the right to screen all individuals and businesses against applicable sanction lists and the BVN watch list database and may decline account opening applications in the event they are found to be on any of the lists.