TERMS AND CONDITIONS
Effective as of: 2025/08/01
This TERMS AND CONDITIONS (hereinafter referred to as the "Agreement") sets forth the legally binding terms and conditions governing access to and utilization of the ChopaCredit mobile platform (the "Platform" or "ChopaCredit"), which is developed, owned, and operated by BLUPRIMVERTEX Limited (hereinafter referred to as "BPTL" "We," "Our," or "Us"), a duly registered limited liability entity in accordance with the prevailing laws of the Federal Republic of Nigeria.
This Agreement, in conjunction with our ancillary legal documentation, which includes but is not limited to the Privacy Policy, Credit Limit Agreement, and any other loan-specific contractual addenda or acknowledgments executed between the parties, collectively constitute an enforceable framework regulating your ("User," "you," or "your") interactions with BPTL through the ChopaCredit Platform.
IMPORTANT NOTICE: BY ACCESSING, INSTALLING, REGISTERING, OR OTHERWISE UTILIZING ANY FUNCTIONALITY OF THE PLATFORM, YOU IRREVOCABLY CONSENT TO BE LEGALLY BOUND BY THE TERMS HEREIN, WHICH SHALL BE CONSTRUED AS A VALID ELECTRONIC CONTRACT UNDER APPLICABLE LAW. SELECTION OF THE "AGREE" BUTTON OR CONTINUED USE CONSTITUTES YOUR UNEQUIVOCAL ACCEPTANCE OF THIS AGREEMENT IN ITS ENTIRETY.
 
1. Scope and Nature of the ChopaCredit Facility
ChopaCredit functions as a digital financial service framework through which qualified Users may apply for, receive, and manage unsecured microcredit facilities extended by BPTL for personal, non-commercial purposes. All lending transactions are contingent upon internal credit evaluations and subject to the specific disbursement and repayment parameters delineated in the applicable loan documentation.
Eligibility and KYC Compliance Criteria
By engaging with the Platform, the User affirms that they meet and shall continually satisfy the following prerequisites:
  1. Must have attained legal majority (18 years of age or older).
  2. Must reside within the geographical jurisdiction of Lagos State, Nigeria.
  3. Must not be subject to any prior account suspension, blacklist, or termination by BPTL.
  4. Must successfully complete the onboarding process and maintain an active user profile within the App.
  5. Must consent to and facilitate the collection and verification of personally identifiable information ("PII") , including but not limited to full legal name, contact details, BVN, device metadata.
  6. Must certify that all information supplied is accurate, up-to-date, and truthful. Any failure to comply may result in account deactivation or legal consequences.
Approval or denial of any credit application shall be determined by BPTL based on proprietary risk scoring algorithms and identity validation mechanisms.
2. Consent to Information Handling and Data Processing
By utilizing the Platform, you affirmatively acknowledge and grant us explicit consent to collect, process, store, and utilize your data in accordance with the Nigeria Data Protection Act (NDPA) and our prevailing Privacy Policy.
Such consent encompasses, without limitation:
  1. Utilization of your personal and behavioral data for credit assessment, customer service, platform improvement, and direct marketing.
  2. Authorization to receive transaction-related and promotional communications through SMS, email, push notifications, or phone calls.
  3. Right to withdraw consent at any time by formally notifying us through our email Ibrahim@bluprimvertex.com or our customer hotline +234 7035494862.
3. Proprietary Content and Intellectual Property Safeguards
All textual content, software architecture, design elements, trade dress, databases, and multimedia assets featured on the ChopaCredit Platform are protected under applicable intellectual property statutes and remain the exclusive property of BPTL and/or its licensors. Unauthorized copying, distribution, reverse engineering, or commercial exploitation of any materials is strictly prohibited.
4. Third-Party Content and External Link Disclaimer
The Platform may include hyperlinks, banners, or references to third-party websites and services. BPTL does not monitor, endorse, or assume liability for the accuracy, reliability, or legality of external content or the privacy practices of such entities. User engagement with third-party platforms is undertaken BPTLely at their own risk.
5. Indemnification and Hold Harmless Clause
You agree to fully indemnify, defend, and hold harmless BPTL, its directors, employees, affiliates, and service providers from and against all claims, liabilities, damages, losses, and expenses (including attorney fees) arising from or related to your use of the Platform, breach of this Agreement, or violation of any applicable laws or third-party rights.
6. Suspension, Restriction, and Termination Rights
BPTL reserves the discretionary authority to suspend, restrict, or permanently terminate your access to any or all functionalities of ChopaCredit without prior notice in circumstances that include, but are not limited to:
  1. Suspected fraud or misrepresentation.
  2. Breach of any clause within this Agreement.
  3. Regulatory or law enforcement intervention.
  4. Operational exigencies necessitating service modification or discontinuation.
7. Voluntary Termination by the User
You may elect to discontinue use of ChopaCredit at any time by contacting BPTL through official channels. All outstanding financial obligations, including accrued interest and applicable fees, must be settled in full prior to the deactivation of your user account.
8. Communications and Notices
All inquiries, notifications, or legally relevant communications must be directed to:
  1. Email: Ibrahim@bluprimvertex.com
  2. Phone: +234 7035494862
9. Amendments and Modifications
BPTL reserves the unilateral right to amend, revise, or update this Agreement at its discretion. Any such modification shall become effective upon publication within the Platform. Continued use of ChopaCredit post-amendment constitutes conclusive acceptance of the revised terms.
10. Governing Law and Dispute ReBPTLution Mechanism
This Agreement shall be governed by and interpreted in accordance with the laws of the Federal Republic of Nigeria. Any dispute arising from or connected to this Agreement shall be subject to binding arbitration in Lagos, Nigeria, administered pursuant to the provisions of the Arbitration and Conciliation Act, following a mandatory 30-day negotiation period.
11. Miscellaneous Provisions
  1. Non-Waiver: Failure to enforce any provision shall not be construed as a waiver of the right to enforce such provision in the future.
  2. Severability: In the event any clause herein is deemed invalid or unenforceable, the remaining provisions shall remain fully effective.
  3. Assignment: BPTL may freely assign or delegate its rights and obligations under this Agreement. You may not assign any rights without our prior written consent.
  4. Entire Agreement: This document, together with the referenced legal policies and credit agreements, constitutes the comprehensive understanding between the parties and supersedes any prior agreements.
  5. Agency Disclaimer: You agree that no agency, joint venture, partnership, or employment relationship is intended or created between you and BPTL through your use of the ChopaCredit Platform.
 
For all matters related to this Agreement or the ChopaCredit Platform, please contact BPTL at Ibrahim@bluprimvertex.com or via telephone at +234 7035494862.