• These Terms of Use (“Terms of Use”), set forth the legally binding terms and conditions for your use of the website, App and other services (the “Service”) offered by Acepaid Technology, a company incorporated under the laws of the Federal Republic of Nigeria and having its registered address at Rd 8 House 4b , Peace Estate .Ipaja .
  • Your access to use of the Service is conditioned on your acceptance of and compliance with the Terms of Use which apply to all visitors, users and others who access or use the Service and all applicable laws and all conditions or policies referenced here. By accessing or using the Service, you agree to be bound by the Terms of Use. If you disagree with any part of the terms, then you may not access the Service and by using the Service, you agree that Acepaid technology may use any information obtained about you in accordance with the provisions of the Privacy


  • Policy.Company policies and the Terms of Use


The Service is offered subject to acceptance of the Terms of Use and all other operating rules, policies, and procedures that may be published on the website or App by Acepaid Technolgy, which are incorporated by reference, including operating rules, policies, and procedures of third party services providers to the website and App that are referenced herein. In addition, some services offered through the website or App may be subject to additional terms and conditions adopted by Acepaid Technolgy. Your use of those services is subject to those additional terms and conditions, which are incorporated into the Terms of Use by this reference.


  • Amendment/replacement


Acepaid Technolgy reserves the right, at its sole discretion, to modify or replace the Terms of Use from time to time by posting the updated terms on the website or App. It is your responsibility to check the Terms of Use periodically for changes. If you object to any such changes, your sole recourse will be to cease using the Service. Your continued use of the Service following the posting of any changes to the Terms of Use will indicate your agreement to be bound by the terms and conditions of such changes. Acepaid Technolgy also reserves the right to change, suspend, or discontinue the Service at any time for any reason or no reason. Acepaid Technolgy may impose limits on certain features and Services or restrict your access to parts of or the entire Service without notice or liability.


  • Security


You are responsible for safeguarding the password that you use to access the Service and for any activities or actions under your password, whether your password is with our Service or a third-party service. You must provide us information that is accurate, complete, and current at all times. Failure to do so constitutes a breach of the Terms of Use, which may result in immediate termination of your account on our Service. You agree not to disclose your password to any third party. You must notify us immediately upon becoming aware of any breach of security or unauthorized use of your account.


  • Intellectual Property


The Service and its original content, features and functionality are and will remain the exclusive property of Acepaid Technolgy. The Service is protected by copyright, trademark, and other laws of The Federal Republic of Nigeria.



  • Links to Other Web Sites


Our Service may contain links to third-party web sites or services that are not owned or controlled by Acepaid Technolgy and Acepaid Technolgy has no control over, and assumes no responsibility for, the content, privacy policies, damages and upset arising from use or practices of any third-party web sites or services. You further acknowledge and agree that Acepaid Technolgy shall not be responsible or liable, directly or indirectly, for any damage, discomfort or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such web sites or services.



  • Indemnification


You shall defend, indemnify, and hold harmless Acepaid Technolgy, its affiliates and each of its, and its affiliates employees, contractors, directors, suppliers and representatives from all liabilities, claims, and expenses, including reasonable attorneys’ fees, that arise from or relate to your use or misuse of, or access to the Service in violation of the Terms of Use or infringement by you, or any third party using the your account, of any intellectual property or other right of any person or entity.



  • Limitation of Liability


In no event shall Acepaid Technolgy, its directors, employees, partners, agents, suppliers, or affiliates, be liable for any indirect, incidental, special, consequential or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the Service; (ii) any conduct or content of any third party on the Service; (iii) any content obtained from the Service; and (iv) unauthorized access, use or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence) or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed of its essential purpose.



  • Governing Law


These Terms shall be governed and construed in accordance with the laws of the Federal Republic of Nigeria.



  • Disclaimer


Your use of the Service is at your sole risk. The Service is provided on an “AS IS” and “AS AVAILABLE” basis. The Service is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, non-infringement or course of performance. Acepaid Technolgy subsidiaries, affiliates, and its licensors do not warrant that a) the Service will function uninterrupted, secure or available at any particular time or location; b) any errors or defects will be corrected; c) the Service is free of viruses or other harmful components; or d) the results of using the Service will meet your requirements.

  • Our failure to enforce any right or provision of the Terms of Use will not be considered a waiver of those rights. If any provision of the Terms of Use is held to be invalid or unenforceable by a court, the remaining provisions will remain in effect.





  • Overview

Money laundering is the attempt to conceal or disguise the nature, location, source, ownership or control of illegally obtained money. Tax avoidance is one of the most common forms of money laundering. All forms of forgery and bribery as well are all associated to money laundering.


  • ACEPAID TECHNOLOGY is devoted to fighting money laundering and complying fully with Anti-Money Laundering laws in Nigeria. We have a clear knowledge that it is our responsibility to help fight the global battle against money laundering and our commitment will supersede all other privacy obligations contained in our policies. Accordingly, ACEPAID TECHNOLOGY Nigeria will take all appropriate steps to prevent persons engaged in money laundering, fraud, or other financial crimes from utilizing our products and services. Our AML policies, procedures and internal controls are designed to ensure compliance with all applicable BSA regulations and FINRA rules and will be reviewed and updated on a regular basis to ensure appropriate policies, procedures and internal controls are in place to account for both changes in regulations and changes in our business. Key components of our AML and CTF framework include the following:




  • - Ensures proper day-to-day scrutiny of compliance with the relevant legislation, regulations and industry guidance applicable to the money laundering laws and regulations.
  • - Close monitoring of transactions to detect unusual suspicious activities.
  • - Prompt preparation and delivery of all relevant returns to the regulatory bodies in line with SEC and FIU Rules and Regulations
  • - Communicating AML/CFT issues to all stakeholders.




The appointment of an independent risk committee which reports to our board of directors regularly on all risk and compliance matters using a risk-based approach to the assessment and management of money laundering and terrorist financing risks and comply with the requirements of the Money Laundering (Prohibition) Act, 2011 (as amended), Terrorism (Prevention) Act, 2011 (as amended) and Terrorism Prevention (Freezing of International Terrorists Funds and other Related Measures) Regulations 2013, including related laws and Regulations




Having a strict internal control with the usage of procedures that will dissuade criminals from using our facilities for money laundering and terrorist financing and also to ensure that its obligations under subsisting laws and regulations are strictly adhered to.

  • ACEPAID TECNOLOGY shall ensure timely and accurate rendition of all AML/CFT returns as specified in the SEC AML/CFT Rules and Regulations as well as other relevant Regulations/Act/Guidelines/Circulars that may be issued from time to time by various government agencies. We shall exercise due diligence in identifying and reporting a suspicious transaction.