1. Data Usage Consent
By proceeding with this application, you consent to the collection, processing, and use of your personal information for the purpose of the Dangote Refinery Initial Public Offering (IPO) share subscription.
Your data will be processed in accordance with the Nigerian Data Protection Regulation (NDPR) and applicable data protection laws.
2. Information Collected
We collect the following information:
- Full name, date of birth, gender
- Bank Verification Number (BVN)
- Contact details (phone number, email, residential address)
- Bank account details (for dividend payments)
- Next of Kin information
- CSCS/CHN details (if applicable)
3. Purpose of Data Processing
Your information is used solely for:
- Identity verification through BVN or account validation
- Processing your share application
- Crediting shares to your CSCS account
- Processing dividend payments
- Regulatory compliance and reporting
4. Offer Terms
By accepting these terms, you acknowledge that:
- You are 18 years of age or older
- The minimum subscription is as stated in the offer documents
- Allotment is at the discretion of Dangote Refinery and the issuing houses
- Shares will be credited electronically to your CSCS account
- Refunds (if any) will be processed to your designated account
5. Agency (Wakalah) Appointment
By accepting these Terms and Conditions and applying for Murabaha financing:
- You agree to act as the Bank's agent (Wakeel) solely for the purpose of applying for, receiving, and holding any allotted shares on the Bank's behalf.
- Any shares allotted pursuant to this application shall be deemed received and held by you as agent of the Bank until sold to you under a separate Murabaha sale transaction.
- Prior to the Murabaha sale, you shall not sell, transfer, pledge, or otherwise deal with the allotted shares without the Bank's authorization.
- Following allotment, the Bank will sell the shares to you at a disclosed cost plus profit under a Murabaha arrangement, subject to your acceptance of the Murabaha terms.
- Any refund arising from unallotted shares shall belong to the Bank and be applied in accordance with the Bank's instructions.
6. Customer Undertaking
You undertake to purchase the shares allotted to the Bank on your behalf under the Murabaha financing terms approved by the Bank.
Acceptance Statement
By clicking "I Accept", I confirm that I have read, understood, and agree to these Terms and Conditions, including my appointment as the Bank's agent for the acquisition and receipt of the IPO shares and my undertaking to purchase the shares under a Murabaha arrangement.
7. Contact Information
For questions about these terms or your application, please contact:
Jaiz Bank Plc
IPO Support Team
Email: ipo@jaizbank.com
