Privacy Policy of Provest Limited

Effective Date: April 9, 2025

At Provest Limited, we are dedicated to safeguarding your privacy and ensuring the security of your personal information. This policy outlines how we collect, use, disclose, and protect your data, and details our commitment to anti-money laundering (AML) and counter-financing of terrorism (CFT) in compliance with Nigerian laws and regulations.

1. Information We Collect

We may collect personal information, including but not limited to:

  • Contact Information: Name, address, email address, and phone number.
  • Identification Information: Government-issued ID, passport, or other identification documents.
  • Financial Information: Income, employment details, bank account information.
  • Loan Information: Loan applications, history, and payment records.
  • Communication Records: Correspondence with us, including emails and call records.

2. How We Use Your Information

Your information is utilized for the following purposes:

  • Loan Processing: To evaluate loan applications, determine eligibility, and process loans.
  • Communication: To contact you regarding your loan application, status, or other inquiries.
  • Account Management: To manage and administer your loan account.
  • Legal Compliance: To comply with legal obligations, regulatory requirements, and government requests.
  • Marketing: With your consent, we to send you promotional and marketing materials related to our services.

3. Data Protection

We implement robust security measures to protect your data from unauthorized access, disclosure, alteration, or destruction. However, please be aware that no method of data transmission over the Internet is entirely secure.

4. Data Sharing

Your information may be shared with trusted third parties, such as credit bureaus, to evaluate loan applications and manage risk. We do not sell or rent your data to third parties for marketing purposes.

5. Legal Requirements

We may disclose your information when required by law, such as in response to a court order, legal process, or government request.

6. Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) Policy

In compliance with the Money Laundering (Prevention and Prohibition) Act 2022 and guidelines from the Central Bank of Nigeria (CBN), Provest Limited is committed to preventing money laundering and the financing of terrorism. Our AML/CFT measures include:

  • Customer Due Diligence (CDD): We conduct thorough identification and verification of all customers, including beneficial owners, using reliable, independent source documents, data, or information.
  • Transaction Monitoring: We scrutinize transactions to ensure consistency with customers’ profiles and report any suspicious activities to the Nigerian Financial Intelligence Unit (NFIU) within 24 hours.
  • Record Keeping: We maintain records of customer identification and transactions for at least five years, as mandated by law.
  • Cash Transaction Limits: We adhere to the legal limits on cash transactions, ensuring that any cash payment exceeding ₦5,000,000 for individuals or ₦10,000,000 for corporate entities is conducted through a financial institution.
  • International Transfers: We report any international transfer of funds or securities exceeding $10,000 to the NFIU and the Securities and Exchange Commission (SEC) within the stipulated time frame.
  • Politically Exposed Persons (PEPs): Enhanced due diligence measures are applied to customers identified as PEPs, including obtaining senior management approval before establishing business relationships.
  • Employee Training: Regular training programs are conducted for our employees to ensure awareness and compliance with AML/CFT obligations.

7. Your Rights

You have the right to access, correct, or delete your personal information. To exercise these rights or if you have any questions about your data, please contact us at the email address below.

8. Contact Us
Provest Limited
2a Lateef Jakande Road,
Agidingbi, Ikeja,
Lagos State.
Email: [email protected]

9. Changes to This Policy

This policy may be updated periodically. Please review it occasionally to stay informed about how we protect your data and comply with AML/CFT regulations.

Your privacy and the integrity of the financial system are of utmost importance to us. We are committed to ensuring the security and confidentiality of your personal information while adhering to all regulatory requirements.

This policy was last updated on April 9, 2025.