These Terms of Service outline the relationship between Prestmit ("us," "our," "we," or "Company") and you ("you," "your," or "client") and regulate your use of our services ("Services") provided to you on our Platform ("Prestmit," "website," or "mobile application"). The terms "you" and "us" refer to each individual Party, and collectively we are referred to as the "Parties."
Your Prestmit Account must not be used to perform any of the following activities or categories of activity listed in this section (each a "Prohibited Activity"):
None of the information provided on the Platform, Prestmit Blog, through your Prestmit Account, or by any employee, agent or affiliate of Prestmit should be construed as financial, investment or other professional advice. Any decision to store, buy or sell digital currency is solely your responsibility, and should take into account your risk tolerance and financial circumstances.
You are also responsible for determining whether any taxes apply to the transactions you conduct through your Prestmit Account and the extent of such taxes. You are also responsible for withholding, collecting, reporting, and remitting the appropriate tax amounts to the relevant tax authorities.
The Company, its operating entities, and any other affiliates (including their respective directors, members, employees, or agents) shall not be liable to you for any direct, indirect, special, consequential, exemplary, or punitive damages or any other damages of any kind, including but not limited to loss of profit, revenue, business, opportunity, or data, whether in contract, tort, or otherwise, arising from or in any way connected with your use of, inability to use, or unavailability of the Platform and/or your Prestmit Account. This includes damages caused by or resulting from any reliance upon information received from Prestmit, or resulting from mistakes, omissions, interruptions, deletion of files or email, errors, defects, viruses, delays in operation or transmission, or any failure of performance, whether or not resulting from a force majeure event, communications failure, theft, destruction, or unauthorised access to Prestmit's records, programs or services.
The above limitation of liability does not affect any liability that cannot be excluded or limited under applicable law.
The Company shall not be liable for any loss resulting from your use of the Platform, including but not limited to failure of electronic or mechanical equipment or communication lines, telephone or other interconnect problems, unauthorized access, malfunction of electronic or mechanical equipment, personal computer and any lines thereto, theft, operator errors, or due to severe weather, earthquake, flood, fire, other acts of God, and strikes or other labor problems, or any other cause beyond the reasonable control of the Company or the Platform.
The Company reserves the right to restrict, suspend, or terminate your Prestmit Account in the following circumstances:
For any queries or complaints, please contact our customer support department through the support channel available on the platform.
In the event of a dispute between you and us related to a transaction or communication concerning a transaction, we reserve the right to close the transaction or communication at our absolute discretion and without notice. We may take such action to limit the maximum amount involved in the dispute, and we shall not be obligated to you in connection with any subsequent movement in the level of the transaction. This provision is without prejudice to any other rights we may have to close a transaction under these Terms.
At Prestmit, we are committed to preventing money laundering and fully complying with all anti-money laundering laws and regulations in Nigeria. To this end, we have implemented policies and structures that ensure compliance with government laws and regulations and international best practices.
We are aware of the risks and challenges associated with digital asset transactions, which make them attractive to money launderers. Therefore, we have developed policies and independent measures to prevent money laundering on our platform.
Our compliance unit, headed by a compliance officer, oversees the implementation of our anti-money laundering policy in line with government policies. We regularly conduct background checks on suspicious users based on transactions processed on our platform. We also develop vetting systems to manage and mitigate the risks of money laundering and report suspicious transactions to relevant authorities.
To identify areas of potential money-laundering risks, we conduct periodic reviews and report any identified risks to the relevant authorities. We have placed necessary transaction limits that are regularly reviewed based on government policies or industry standards.
Furthermore, we collaborate with security agencies and relevant government agencies in investigating fraud, money laundering, and other criminal activities. We place a lien on accounts being investigated to support investigative efforts.
We regularly update our policies and structures to ensure compliance with changes in regulations and international best practices. At Prestmit, we are committed to preventing money laundering and maintaining a safe and secure platform for our users.
This Terms and all disputes and matters arising from the Platform (or its use) shall be governed by the laws of the Federal Republic of Nigeria.
In case of any controversy, claim or dispute arising out of or relating to this Terms, the Parties shall make an effort in good faith to promptly resolve such controversy, claim or dispute through negotiation between the parties or their authorized representatives. You must notify us of the dispute or complaint through the contact details before exploring any other legal remedy. If the parties fail to resolve the controversy, claim or dispute, the parties shall be referred to mediation by a single mediator at the Lagos Multi-Door Courthouse (“LMDC”) under the LMDC Rules and governed by the Lagos Multidoor Courthouse Law.
Each Party agrees that any dispute arising out of or in connection with the Terms will be conducted only individually, not in a class, consolidated or representative action.
If any provision of the Terms is deemed invalid, unenforceable, or illegal by any court or tribunal, it will be deemed deleted without affecting the remaining provisions. If such provision would be valid, enforceable, and legal if some part of it were modified or deleted, the provision will apply with the minimum modification necessary to make it legal, valid and enforceable.
You will not assign your rights under these Terms, in whole or in part, without our prior written consent. Any attempt to do so will be void and constitute a material breach of these Terms. We may assign these Terms, in whole or in part, or subcontract our obligations under them without your consent.
At our sole discretion, we reserve the right to modify or replace these Terms at any time. If a revision is material, Prestmit will make reasonable efforts to provide at least 30 days' notice before any new terms take effect. What constitutes a material change will be determined at our sole discretion.