1. About Naira FX

Naira FX is a digital marketplace that facilitates a peer-to-peer currency community. We connect individuals who wish to discuss and mutually agree to carry out simple Naira for USD exchanges or vice versa. Importantly:

• We are not a Bureau De Change (BDC): Naira FX does not act as a currency dealer, intermediary, or financial institution.
• No Custody of Funds: Transactions occur directly between users. Naira FX does not hold, transfer, or control user funds.
• No Exchange Rate Determination: Users set their own exchange rates. Naira FX does not dictate or enforce exchange rates.

2. Eligibility

To use Naira FX, you must:

1. Be at least 18 years of age.
2. Complete our Know Your Customer (KYC) process.
3. Agree not to use the platform for any unlawful purposes.

By registering on the platform, you confirm that all information provided is accurate and up-to-date.

3. Registration and Account Security

To access our services, you must create an account and provide the following:

• A valid email address.
• A secure password.
• Verified identification documents (as part of our KYC process).

You are solely responsible for maintaining the confidentiality of your account credentials. Any unauthorized activity on your account must be reported immediately to Naira FX.

4. User Responsibilities

As a user of Naira FX, you agree to:

• Ensure compliance with all applicable local and international laws.
• Conduct transactions honestly and in good faith.
• Avoid engaging in fraudulent, illegal, or deceptive activities.
• Bear all risks associated with your transactions, including but not limited to exchange rate fluctuations.

Naira FX reserves the right to terminate or suspend accounts involved in prohibited activities.

5. Disclaimer of Liability

1. No Regulatory Oversight: Naira FX operates as a P2P marketplace and is not licensed by the Central Bank of Nigeria (CBN) or any financial authority.
2. No Guarantee of Transactions: We do not guarantee the success or outcome of any transaction initiated through our platform.
3. Limited Liability: To the extent permitted by law, Naira FX shall not be held liable for:
   
   • Any direct, indirect, incidental, or consequential damages arising from your use of the platform.
   • Losses due to disputes between users.
   • Errors, delays, or interruptions in the platform’s operations.

6. Prohibited Activities

Users are prohibited from:

• Misrepresenting the purpose of their transactions.
• Using the platform to launder money or finance illegal activities.
• Impersonating other individuals or entities.
• Sharing false or misleading information.

Engaging in these activities may result in account suspension, termination, or legal action.

7. Privacy Policy

Naira FX is committed to protecting your privacy. All user data is processed following our Privacy Policy, which outlines how your information is collected, stored, and used. By using our platform, you consent to the terms of our Privacy Policy.

8. Dispute Resolution

Disputes between users are to be resolved independently. Naira FX provides limited support to mediate disputes but does not guarantee resolution. Users are encouraged to:

• Document all transaction details.
• Communicate openly to resolve misunderstandings.
• Seek legal advice if necessary.

9. Platform Modifications

Naira FX reserves the right to:

• Modify or discontinue the platform at any time without prior notice.
• Update these Terms to reflect changes in our services, applicable laws, or industry standards. Users will be notified of significant updates via email or platform announcements.

10. Indemnification

By using Naira FX, you agree to indemnify and hold harmless the platform, its affiliates, and its operators from any claims, damages, or expenses arising from:

• Your breach of these Terms.
• Your violation of applicable laws.
• Any disputes arising from your transactions with other users.

11. Governing Law

These Terms are governed by the laws of the Federal Republic of Nigeria. Users are responsible for ensuring their compliance with local laws applicable to their activities.

11(b) Verification and Security

To maintain the integrity of our services, Naira FX requires users to verify their email and payment details. By using the platform, you consent to security checks and validations to prevent fraud.

12. Contact Information

For questions or concerns about these Terms or your use of Naira FX, please contact us at:

• Email: [email protected] , [email protected] , [email protected]

Conclusion

By using Naira FX, you acknowledge that you understand and agree to these Terms. You also accept that Naira FX is not a financial institution, currency dealer, or Bureau De Change and that all transactions are conducted at your discretion and risk.

Thank you for choosing Naira FX as your trusted peer-to-peer platform for interactions and more .