Terms of Service

Definitions

Eligibility

To use our services, you must be:

• At least 18 years old;
• Legally Capable of entering into a binding contract;
• Not barred from using our services under applicable law;
• The owner or authorized user of the payment method you link to your account.

Account Registration and Security

You must create an account to access certain features. You agree to:

• Provide accurate and complete information;
• Maintain the confidentiality of your login credentials;
• Notify us immediately of any unauthorized access or use of your account.
• You are solely responsible for all activity that occurs under your account.

Platform Usage

Our platform is not to be used for any of the following and by engaging either of our platforms, you agree not to:

• Violate any law, regulation, or third-party rights;
• Engage in fraudulent or illegal activities, including money laundering or terrorism financing;
• Upload or transmit harmful code or software;
• Misrepresent your identity or affiliation;
• Circumvent our security features or attempt unauthorized access to the Platform.

Intellectual Property Rights

All content, trademarks, logos, graphics, and software on the Platform are owned by Breet or its licensors and are protected under applicable intellectual property laws. You shall not use or reproduce any part of the Platform without prior written consent.

Users Content

By engaging our platform, you also warrant as follows that:

Privacy Policy

Your use of our Platform is subject to our Privacy Policy, which explains how we collect, use, and protect your data in compliance with the Nigerian Data Protection Regulation (NDPR) as well as the General Data Protection Regulation (GDPR). By using our services, you consent to our data protection practices as stipulated in our Data Protection Laws on our Privacy Policy.

Limitation of Liability

To the maximum extent permitted by law, Breet its operating entities or any other affiliates (including their respective directors, members, employees or agents) shall not be liable for:

• Any indirect, direct, pecuniary, exemplary, incidental, special, or consequential damages.
• Loss of profits, assets, data, or business interruption.
• Any unauthorized access to or use of your data.
• Our liability for any claims arising from the use of our platform shall only be as to the extent of the damage or loss being incurred.

We are data protection compliant and we have put in place requisite structures to prevent any hack, breach, damage or losses and in the event that any loss of data, assets, profits or money is occasioned by your fraudulent act, negligence, omission, failure to maintain security of your details, the company shall not be held liable for any loss whatsoever.

Disclaimer of Warranties

The Platform and services are provided “as is” and “as available” without warranties of any kind. We do not guarantee that the Platform may be error-free, uninterrupted, or glitch-free sometimes however, the company’s operation is clientele oriented and we will strive to offer quality and uninterrupted service.

Indemnity

You agree to indemnify, defend, and hold harmless Breet, its affiliates, officers, and employees from any claims, damages, liabilities, or expenses arising out of:

• Your use or misuse of the Platform;
• Violation of these Terms
• Any unauthorized access to or use of your data.
• Infringement of any third-party rights

Modification of Terms

We reserve the right to modify these Terms at any time. Updated versions will be posted on the Platform and will become effective upon posting. Continued use of the Platform constitutes your acceptance of the updated Terms.

Restriction, Suspension and Termination

Breet reserves the right to restrict, suspend or terminate your Breet account where:

The Company will make all reasonable efforts to provide you with notice of any decision to restrict, suspend or terminate your Breet Account, unless we are prevented from doing so by any legal,regulatory or operational process or requirement, or where doing so may compromise Breet’s security and/or risk management procedures. You accept and agree that the Company is under no obligation to disclose to you the fact of or reason for any decision to restrict, suspend or terminate your Breet Account, and shall have no liability to you in connection with the restriction, suspension or termination of your Breet Account.

We may restrict, suspend or terminate your access to the Platform at any time, without notice, if you breach these Terms, if required by law or upon the slightest suspicion of fraud or any acts likely to cause harm or loss of assets. Upon termination, your right to use our services ceases immediately.

Upon termination of your Breet Account or access to our platforms in the In the event of breach of these terms, all amounts payable by you to us will become immediately due and payable.

On termination, we shall complete all Transactions and/or Contracts that are already entered into or under execution and these Terms and Conditions shall continue to bind both parties in relation to such Transactions and/or Contracts. We shall be entitled to deduct all amounts due to us before transferring any credit balances to you and we shall be entitled to postpone such transfer until any and all Transactions and/or Contracts between you and us are closed. Furthermore, we shall be entitled to require you to pay any charges incurred in transferring your investments.

In the event that you involve us, directly or indirectly, in any type of fraud, we reserve the unfettered right, at our sole discretion and without prejudice to any other rights we may have under these terms, to reverse all previous Transactions and/or Contracts, which would or could place our interests and/or any of our (other) clients’ interests at risk.

Dispute Resolution

In the event of a controversy, claim or dispute arising out of or relating to these terms, the parties shall attempt in good faith to resolve such controversy, claim or dispute promptly by negotiation between the parties or their authorized representatives. Before exploring any other remedy in law, the user shall notify us of the dispute or complaint through the contact details. If parties are unable 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 as governed by the Lagos Multi-door Courthouse Law. If unresolved, such disputes may be referred to arbitration in Lagos, Nigeria, in accordance with the Arbitration and Conciliation Act, Cap A18, LFN 2004 as agreed upon by parties or parties may resort to litigation where they do not consent to arbitration.

Any dispute arising out of or in connection with this terms or engaging our platform will be conducted only on an individual basis and not in a class, consolidated or representative action.

Governing Law and Jurisdiction

These Terms shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria. The courts of Lagos State shall have exclusive jurisdiction over all disputes arising under or in connection with these Terms.

Force Majeure

Breet shall not be liable for failure or delay in performance due to causes beyond its reasonable control, including but not limited to natural disasters, war, internet outages, regulatory or government actions, power surge, malware, electronic malfunction.

Entire Agreement

The Terms herein contained, constitute the entire agreement between you and Breet as it concerns your usage of our Platform and it supersedes all prior agreements or communications.

Hyperlinking to our Content

You may link to Breet’s website, provided that the link does not portray Breet, its services, or partners in a false, misleading, derogatory, or otherwise offensive manner. Linking must not imply any form of association, approval, or endorsement on our part without express written consent except as otherwise provided below:

Automatically Permitted Organizations

The following entities may link to our website without our prior written consent:

• Government agencies
• Search engines
• News organizations
• Online directory distributors (linking similarly to other listed businesses).
• Accredited businesses, excluding non-profit solicitors, charity malls, and charity fundraising groups.

Such automatic permission to hyperlink to our website is subject to the following conditions:

• The link must not be misleading or deceptive.
• The link must not falsely suggest endorsement or affiliation.
• The link must appear naturally within the context of the linking party’s website.

Organizations Requiring Prior Approval

We may consider and approve link requests from the following:

• Well-known consumer/business information sources.
• Dot-com community platforms.
• Charitable associations or groups.
• Internet portals and directory distributors.
• Professional firms (law, accounting, consulting).
• Educational institutions and trade associations.

Criteria for Approval

Links may be approved if:

• They do not harm our reputation or that of our affiliates
• The organization has a clean record with us
• The link offers a visibility benefit
• It is included as part of general resource content.

Approved organizations must ensure that:

• The link is not misleading.
• No false association or endorsement is implied.
• It fits appropriately within their site's content.

Link Request Procedure

Organizations in Clause 19.4 above must email a formal request to the company including the following:

• Organization name, address and contact details.
• URL of the linking website.
• List of URLs from which they plan to link.
• List of our URLs they wish to link to.

Having complied with the condition above, the response period is usually between 2 to 3 weeks after request is initiated.

Permitted Linking Methods

Approved links may reference our website using:

• Our corporate name.
• The direct URL of the webpage.
• A relevant description consistent with the linking site’s context

Please Note: Use of our logo or branding elements is strictly prohibited without a formal trademark license agreement duly executed.

Prohibited Activities

You must not use your Breet Account or its platform to undertake any of the activities or categories of activity (herein referred to as ‘prohibited activity’) set out herein under as follows:

By opening a Breet Account or engaging our platform, you confirm that you will not use your account to undertake any of the above-listed Prohibited Activities or any similar or related activity.

Activities subject to the prior written approval of Breet.

Unless you have obtained the prior written approval of Breet, you are not authorised to use your Breet Account to conduct or operate any of the following business activities or categories of activity below:

monetary services, including but not limited to money or digital currency transmission, currency or digital currency exchange or dealing, payment service providers, e-money or any other financial services business;

• gambling or gaming services;
• charitable or religious / spiritual organisations;
• consumer lending services, including but not limited to secured and unsecured loans, cash advances, payday lending;
• investment funds, asset management, or brokerage services.

We reserve the right to restrict, suspend or terminate your Breet Account if we suspect, in our sole discretion, that you are using, or have used, your Breet Account in association with any of the activities listed above, or any similar or related activity, without having obtained the prior written approval of Breet.

We are Data Protection Compliant hence, the liability to be borne in the event of any breach in data privacy will be peculiar to the circumstance of such breach. See Clause 8.2.

Queries, Complaints And Disputes

All queries and complaints should be raised with our customer support department through the support channel on the platform.

Without prejudice to any of our other rights to close a transaction under this terms, in any case where we are in dispute with you in respect of a transaction or alleged transaction or any communication relating to a transaction, we may, at our absolute discretion acting reasonably and in good faith and without notice, close any such transaction or alleged transaction, where we reasonably believe such action to be desirable for the purpose of limiting the maximum amount involved in the dispute, and we will not be under any obligation to you in connection with any subsequent movement in the level of the transaction concerned.

Anti-Money Laundering Policy

Breet is firmly committed to preventing the use of its platform for money laundering, terrorism financing, and other illicit activities. We recognize the inherent risks associated with digital asset transactions and are dedicated to complying fully with applicable anti-money laundering and counter-terrorism financing laws and regulations—both in Nigeria and across jurisdictions in which we operate or transact.

These laws and regulations include, but are not limited to, the Money Laundering (Prohibition) Act, 2011 (as amended), the Terrorism (Prevention) Act, 2022 (as amended), and the Central Bank of Nigeria (Anti-Money Laundering and Combating the Financing of Terrorism in Banks and Other Financial Institutions in Nigeria) Regulations, 2022. We also ensure alignment with global standards established by the Financial Action Task Force (FATF) and other international regulatory frameworks.

Breet, as a responsible company, frowns at and is committed to fighting, money laundering, and fully complying with anti-money laundering laws in Nigeria. We are aware of the difficulties and risks that come with digital assets transactions, making it a popular channel for money laundering.

To these end, Breet has implemented a comprehensive Anti-Money Laundering (AML) Compliance Program that includes, but is not limited to, the following measures:

• Appointment of a Designated Compliance Officer: A dedicated AML Compliance Officer oversees the development, implementation, and enforcement of our AML policies and ensures compliance with applicable legal and regulatory requirements.
• Know Your Customer (KYC) and Customer Due Diligence (CDD): We conduct identity verification and risk assessments of users in accordance with the applicable regulatory thresholds and risk-based standards, including enhanced due diligence for high-risk transactions or jurisdictions.
• Cooperation with Authorities: Breet collaborates with law enforcement, financial intelligence units, and regulatory bodies in Nigeria and abroad. We reserve the right to place a lien, suspend, or freeze accounts subject to investigation, in compliance with lawful requests from competent authorities as ordered by a court of competent jurisdiction or where they have the overriding authority to initiate the same.
• Transaction Limits and Reviews: We apply transaction limits based on user verification tiers and risk categories. These thresholds are subject to periodic reviews and updates in line with regulatory changes and industry best practices.
• Ongoing Policy Review and Staff Training: Our AML policies are subject to ongoing review and are updated to reflect changes in applicable laws and international best practices. Staff members receive continuous training on AML obligations and procedures.

Other Languages

The language of this terms of service is English language.However, it may be translated to other languages for convenience only, and in the event of any inconsistency, the English language version will prevail.

Severability

If any provision of this terms is determined to be invalid, unenforceable, or illegal by any court or tribunal, it will be deemed to have been 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.

Assignment and Subcontracting

You will not assign your rights under these Terms, in whole or in part, without our prior written consent and any attempt to do so without such consent shall be null and void and constitute a material breach of this Terms. We may assign the Terms, in whole or in part, or subcontract our obligations under it, without your consent.

Relationship

Nothing in these Terms will be construed as creating an agency, a partnership or joint venture between the Parties, constitute any Party being the agent of the other Party, or authorise any Party to make or enter any commitments for or on behalf of the other Party. Each Party confirms it is acting on its own behalf and not for the benefit of any other person.

Waiver

No failure or delay by us to exercise any right or remedy provided under these Terms or applicable law, or a single or partial exercise of such right or remedy, will constitute a waiver of that or any other right or remedy, nor will it preclude or restrict the further exercise of that or any other right or remedy.

Alteration of Terms

We reserve the right, at our sole discretion, to modify or replace these terms at any time. If a revision is a material, Breet will make reasonable efforts to provide at least 30 days notice prior to any new terms taking effect. What constitutes a material change will be determined at Our sole Discretion.