Please read the requirements of this Agreement carefully. Your use of the Site and/or any of the Services constitutes your agreement to comply with the terms of this Agreement. If you cannot agree to and comply with this Agreement and its requirements, you are expressly prohibited from use of the Site and/or the Services and must exit the Site.
You may view and use the Site and/or any information contained therein only in accordance with the terms of this Agreement. You may not modify, distribute, publish, license, create derivative works from, transfer or sell any information or content contained on the Site. The Site may be used only as contemplated by this Agreement. You agree to use the Site only for lawful purposes and you acknowledge that your failure to do so may subject you to civil and criminal liability all as determined by applicable law.If you wish to use our Services, you will need to provide us with certain information, including information about your identity, finances, and business performance. You will also need to create a user ID and a password to protect your account information. With your permission, we may also access your banking information, obtain a credit report, retrieve bank account data, or collect other third party data about you (collectively, the “Personal Information”).You may also invite friends or colleagues to use the Services through our referral program page. When you invite others to join Lidya by using our referral page, we send them a one-time email for that referral. By using our referral program, you warrant (i) to only send invitations to people you know; (ii) not to misrepresent your relationship with Lidya or make any warranty or representation on behalf of Lidya; and (iii) to comply at all times with this Agreement and applicable law.You may also invite clients to use the Services through our qualify program page. When you invite others to join Lidya by using our qualify page, we send them a one-time email for that referral. By using our referral program, you warrant (i) to only send qualify requests for people you know; (ii) not to misrepresent your relationship with Lidya or make any warranty or representation on behalf of Lidya; and (iii) to comply at all times with this Agreement and applicable law.As a registered user (“User”) of the Site, you represent and warrant that: (i) you are 18 years of age or older; (ii) the Personal Information is true, accurate, current and complete; (iii) you will maintain and update Personal Information to keep it true, accurate, current, and complete; and; (iv) the Personal Information belongs to you and does not infringe or violate any patents, copyrights, trademarks or other intellectual property, proprietary or privacy rights of any third party; and (v) you own or has obtain the right to all of the intellectual property rights subsisting in the Personal Information provided, and has the right to provide Lidya the license granted herein to the Information, (vi) the Company Information is true, accurate, current and complete; (vii) you will maintain and update Company Information to keep it true, accurate, current, and complete; and; (viii) the Company Information belongs to you and does not infringe or violate any patents, copyrights, trademarks or other intellectual property, proprietary or privacy rights of any third party; and (ix) you own or has obtain the right to all of the intellectual property rights subsisting in the Company Information provided, and has the right to provide Lidya the license granted herein to the Information.
Lidya reserves the right, at any time and without prior notice, to modify, alter or update this Agreement. The date of the most recent revision will appear on this page. Your continued access to the Site and use of the Services by you will constitute your acceptance of any changes or revisions to this Agreement. Lidya also reserves the right to post, from time to time, additional rules of usage that apply to specific parts of the Site, which may be posted in the relevant parts of the Site, and will be identified. Your continued use of the Site constitutes your agreement to comply with these additional rules.
All information (hereinafter, the “Information”) posted on the Site is subject to change or removal without notice. Lidya may make changes to the materials, products, features and services available at the Site at any time without notice. You may not use the Information for any commercial purpose, including without limitation: (I) distribution (electronically or otherwise); (II) resale; or (III) display, etc.Information, Services, and other material available through the Site are furnished “As Is”, “at Your Own Risk” and “As Available”, without any warranty whatsoever. Although Lidya has attempted to provide accurate Information on the Site, Lidya assumes no responsibility for the accuracy, merchantability or completeness of the Information, Services or other material at the Site. The Information and all other materials on the Site are provided for general information purposes only and do not constitute professional advice of any kind.All other warranties, express or implied, including any warranties of merchantability, or non-infringement of intellectual property are specifically excluded and disclaimed. Lidya does not warrant that the Information will meet user’s requirements and that the operation of the Services will be uninterrupted or error free, or that the Site or the server that makes it available are free of viruses or bugs.Lidya’s obligations with respect to its products and services are governed solely by the agreements under which they are provided and nothing on the Site should be construed to alter such agreements. The materials and Services at the Site may be out of date and Lidya makes no commitment to update the materials and Services at the Site.
In no event will Lidya, its suppliers, or other third parties mentioned at the Site be liable for any damages whatsoever (including, without limitation, those resulting from lost profits, lost savings, lost data, business interruption or other special, consequential or incidental damages) arising out of or relating to the use, inability to use, or the results of use of the Site, any websites or other content linked to the Site, or any materials, information, product or service contained at any or all such sites, whether based on warranty, contract, tort or any other legal theory and whether or not Lidya has been advised of the possibility of such loss or damages. If your use of the materials, Information or Services from the Site results in the need for servicing, repair of correction of equipment or data, you assume all costs thereof. For the avoidance of doubt, User is responsible for maintaining and protecting all of the information provided, transmitted, uploaded, imported or made accessible by using the Site. Lidya will not be liable for any loss or corruption of such information, or for any costs or expenses associated with backing up or restoring any of such information.
The Site, all information and intellectual property referenced on the Site, including, without limitation, patents, copyrights, logos, trademarks and trade secrets are legally owned by Lidya or third parties. These rights apply to the Information, computer code of the Site, graphical design, products, company names, etc. All contents of the Site are protected by copyright and trademark rights, except as specifically permitted herein.
Links on the Site to third-party websites and/or software products (such as an invoicing or accounting software product that you are using) are provided as a convenience to you. If you use these links or software products, you might leave the Site. Some of the third parties software products may require you to have, and actually be signed-in to, an active user account for such third party software product.Lidya has not reviewed any of these third-party sites and/or the applications and/or software products and does not control and is not responsible and/or liable for any of these sites or their content. Thus, Lidya does not endorse or make any representations about them, or any information, software or other products or materials found on them, or any results that may be obtained from using them. If you decide to access any of the third-party websites and/or applications and/or software products linked to the Site, you do this entirely at your own risk and Lidya assumes no liability for such use.
The Site is expressly owned and operated by Lidya. Unless otherwise noted, the design and content features on the Site, including information and other materials, illustrations, product layout and design, icons, navigational buttons, images, artwork, graphics, photography, text, data, audio sound, software and the like, as well as the selection, assembly and arrangement thereof (collectively: the “Information”), are owned by Lidya or its affiliates or are licensed by Lidya from third parties. The Site, each as a whole and in part, and the Information is protected by copyright, trademark, service mark, trade name, and other intellectual property and other proprietary rights, and all other applicable rights are reserved and User shall abide by those laws. By furnishing Information, Lidya does not grant any licenses to or transfer any title rights for any copyrights, patents or any other intellectual property rights.
Lidya shall not be responsible for any disruption to the Site, regardless of length. Lidya will not be liable for losses related to User’s inability to access content due to disruptions of the Site. Lidya shall be excused from its performance of any obligations under this Agreement which are prevented or interfered with due to acts or conditions beyond the reasonable control of Lidya.
You agree to indemnify Lidya and its affiliates, directors, employees, agents, representatives and third party service providers, and to defend and hold each of them harmless, from any and all claims, actions, liabilities, damages, and costs (including attorney’s fees) (collectively, “Claims”) which may arise from your unauthorized use of the Site, Services or Information obtained through use of the Site and/or your breach of this Agreement. Lidya reserves the right to assume the exclusive control of any such defense of any such Claim.
We maintain physical, electronic, and procedural safeguards and personnel policies, consistent with applicable laws that are designed to guard the Site, our systems and Information provided by our Users. Unfortunately, no data transmission over the Internet can be guaranteed to be absolutely secure. In the event of a breach of the confidentiality or security of your personal information, we will reasonably attempt to notify you as necessary so you can take appropriate protective steps. Unless you indicate otherwise, we may notify you under such circumstances using your most current email address on record with us.
When you visit the Site or send e-mails to us, you are communicating with us electronically. You consent to receive communications from us electronically. We will communicate with you by e-mail or by posting notices on the Site. You agree that all agreements, notices, disclosures and other communications that we provide to you electronically or posted on the Site satisfy any legal requirement that such communications be in writing if such requirements are applicable.
Lidya makes no representation that the content, the Information, or the Services offered through the Site are appropriate, available or legal in any particular location. Those who choose to access the content, the Information, and the Services offered through the Site do so on their own initiative and are responsible for compliance with local laws, if and to the extent local laws are applicable.Those who access the Site from locations outside Nigeria are responsible for compliance with applicable local laws. Any claim relating to the Site or use of the Site or the Services will be governed by and interpreted in accordance with the laws of the The Federal Republic of Nigeria, without reference to its conflict-of-laws principles. Any dispute arising out of or related to your use of the Site will be brought in, and you hereby consent to the exclusive jurisdiction and venue in, the competent courts in Nigeria. You hereby agree to waive all defenses of lack of personal jurisdiction and forum non-conveniens and agree that process may be served in a manner authorized by applicable law or court rule. If any term or provision of this legal notice is for any reason held to be invalid, such invalidity shall not affect any other term or provision, and this legal notice shall be interpreted as if such term or provision had never been contained in this legal notice.The User understands and agrees that, in addition to monetary damages, Lidya shall be entitled to equitable relief where appropriate upon User’s breach of any portion of this Agreement.
User agrees that no joint venture, partnership, employment or agency relationship exists between User and Lidya as a result of this Agreement and/or User’s use of the Site. User may not assign any part of its rights and obligations under this Agreement without Lidya’s prior written consent. No waiver of any obligation or right of either party shall be effective unless in writing, executed by the party against whom it is being enforced. The terms of this Agreement are severable and may be construed to the extent of their enforceability in light of the parties’ mutual intent. The titles and subtitles in this Agreement are used for convenience only and are not to be considered in construing it.
This Terms and Conditions (the “Terms” or “T&C”) set out the terms governing your use of Lidya Global Limited’s (“Lidya” “us”, “we”, “our”) Collect Product (“Lidya Collect”).
You (“you”, “your”, “User”) agree that this T&C shall be binding on you once you accept the same for as long as you continue to use Lidya Collect or except as terminated in accordance with this Terms.
By ticking the “I agree to the Terms and Conditions” box, you hereby sign the Terms and indicate that you have read, understand, and agree to be bound by this Terms (as may be amended, supplemented, and varied from time to time).
From time to time, we may modify this Terms by giving you notice of such updates. You will not be able to use/access Lidya Collect until you have accepted any new terms and conditions. Your continued use of the Service constitutes your consent to the revised/updated Terms.
In this Terms, the following definitions apply:
“Account” means your User account created by you on Lidya Collect linked to your Lidya Wallet which is used to access the Service;
“Administrator” means an individual(s) authorised by you to have access to the Account to initiate and view transactions initiated on the Account;
“Applicable Law” means in respect of either Party, all laws, statutes, regulations, directions, guidelines and codes of conduct of any governmental or other regulatory body of competent jurisdiction, and any orders of any court or other tribunal of competent jurisdiction within Nigeria, which are applicable to the performance by that Party of its obligations or enjoyment of its rights under this Terms;
“Business Day” means a day other than a Saturday, Sunday or national or public holiday declared in the Federal Republic of Nigeria in which commercial banks are not open for business;
“BVN” means Bank Verification Number;
“Customer” means any person who has accessed any credit facility offered by the User, buys or subscribes to any goods or services offered by the User;
“Intellectual Property Rights” means patents, utility models, rights to inventions, copyright and neighbouring and related rights, trademarks and service marks, business names and domain names, rights in get-up and trade dress, goodwill and the right to sue for passing off or unfair competition, rights in designs, rights in computer software, database rights, rights to use, and protect the confidentiality of, confidential information (including know-how and trade secrets) and all other intellectual property rights, in each case whether registered or unregistered and including all applications and rights to apply for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world;
“Licenced Partner(s)” means the licensed financial institution or any third party with whom Lidya has entered into partnership to provide the Service to you;
“Mandate” means the direct debit mandate authorising the Customer’s financial institution to debit the Customer’s bank account and credit the User towards the settlement of any loan repayment due from the Customer to the User;
“NDPR” means the Nigeria Data Protection Regulation 2019;
“Personal Data” means the definition under the NDPR;
“Prohibited Activities” means any activities prohibited by Applicable Law or by Lidya as detailed in this T&C or communicated to you from time to time;
“Request” means any request or instruction to Lidya and initiated by you on the Lidya Collect platform or by email;
“Service” means the use of Lidya Collect to automate the collection of any payments due to the User whether in the form of payments for goods and collection of services, or loan repayments by executing a Mandate on the User’s) bank accounts linked which have been with the User’s BVN;
“User” means any company who offers credit services to its Customers, sells or offers goods and services to the Customers;
“Wallet” means a unique dentification number assigned to the User and powered by the Licenced Partners.
By accepting the Terms, you warrant and represent the following:
You acknowledge and agree to ensure that your Administrator(s) shall not use the Service for any of the following:
Notwithstanding anything contained in this Terms, you shall be liable and responsible for the actions or omissions of your Administrators in connection with the use of the Service.
You will provide us with timely instructions, information, and materials necessary for us to provide the Service to you.
Where applicable, you shall procure the Customer to sign the Mandate.
Lidya, and its Licensed Partners, provide the Service on an “as is” and “as available” basis and make no warranties or representations whether implied or express, including the warranties of merchantability, fitness for a particular purpose, quiet enjoyment, title, non-infringement, and warranties arising from a course of dealing, usage, or trade practice. Neither Lidya nor the Licensed Partners represent or warrant that the Service will be error-free or uninterrupted.
If you have any questions about this Terms, please contact us at firstname.lastname@example.org
Where you know or suspect that any unauthorized person has access to your Account login details or Account, you should immediately notify Lidya at email@example.com
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