Terms and Conditions

Welcome to Bowman Microfinance Bank. These Terms and Conditions govern your access to and use of our website, mobile applications, and all related services.

By accessing or using the service, you confirm that you have read, understood, and agree to be bound by these Terms and our Privacy Policy. If you do not agree, you must discontinue use immediately.

To ensure compliance with local and international financial regulations, customers agree to the following duties:

• Compliance obligations: customers must satisfy KYC requirements and AML/CFT obligations.
• Accurate statements: customers must provide accurate and truthful information, especially regarding the source of funds.
• Regulatory cooperation: customers must provide updated information when required and cooperate with anti-fraud and AML checks.
• Account restriction: failure to comply may result in restriction or termination of the account.

Bowman Microfinance Bank may apply fees, charges, or interest as disclosed in the applicable product agreement and published tariff guide.

Any change to pricing, charges, or interest rules for loans and deposits will be communicated to customers before implementation where required by law.

By using the service, you consent to receive official account notifications and service-related communications electronically.

• Consent: this includes communications by email, SMS, WhatsApp, mobile app notifications, or other electronic means.
• Legal validity: you agree that these electronic notices satisfy any requirement for written communication.

Access to some features may require account registration and accurate customer information.

• Eligibility: you must be at least 18 years old and legally capable of entering binding contracts.
• Account security: you are responsible for maintaining the confidentiality of your credentials and for activities under your account.
• Accuracy of information: all information provided must be true, current, accurate, and complete, and must be updated promptly when it changes.

You may use the service only for lawful purposes.

• Do not use the service for unlawful purposes or illegal acts.
• Do not engage in conduct that harms Bowman Microfinance Bank or other users.
• Do not attempt unauthorized access to any connected system or network.
• Do not interfere with the proper operation of the service, including through malware or disruptive behavior.
• Indemnity: customers agree to indemnify and hold Bowman Microfinance Bank harmless from losses, liabilities, claims, or expenses arising from misuse, fraud, negligence, or breach of these Terms.

All accounts, transactions, and services are subject to the rules, regulations, directives, and guidelines of the Central Bank of Nigeria, NDIC, and other relevant authorities.

The Bank may suspend or freeze an account immediately and without prior notice where necessary to comply with legal or regulatory obligations, including AML requirements.

Information on our website is provided for general information only and does not constitute financial, investment, legal, or tax advice.

Your use of the service is at your sole risk. The service is provided on an as-is and as-available basis without warranties of any kind.

To the fullest extent allowed by law, Bowman Microfinance Bank is not liable for indirect, incidental, special, consequential, or punitive damages arising from access to or use of the service.

• Scope: this includes mobile app transactions and transactions involving third-party integrations such as payment gateways.
• Customer negligence: the Bank is not liable for unauthorized transactions caused by customer negligence, such as sharing passwords, failing to secure a device, or device malware.

The service and all associated content, including text, graphics, logos, images, and software, are owned by Bowman Microfinance Bank.

• Limited license: we grant a limited right to use the service for personal, non-commercial use, subject to these Terms.
• Restrictions: no part of the service may be copied, reproduced, or modified without prior written permission.

These Terms are governed by the laws of the Federal Republic of Nigeria, without regard to conflict of law provisions.

• Amicable resolution: both parties agree to first attempt to resolve disputes through good faith negotiation.
• Jurisdiction: unresolved disputes are subject to the exclusive jurisdiction of the courts in Lagos, Nigeria.

Bowman Microfinance Bank may modify these Terms from time to time.

• Visible version control: the last updated date on this page will be revised to reflect the effective date of major changes.
• Continued use: by continuing to use the service after revisions become effective, you agree to be bound by the updated Terms.

For further information about these Terms and Conditions, contact Bowman Microfinance Bank at 42, Montgomery Road, Yaba Lagos.

Email: info@bowmanmfb.com.ng

Phones: +2349165127773, +2349097071511

These Terms and Conditions may be updated periodically. We will notify you of any significant changes.