Vemre

1. INTRODUCTION

These Terms and Conditions (“Terms”) govern your access to and use of the services provided by VEMRE AREMU ENTERPRISE LIMITED (“Company”, “we”, “our”, or “us”), a subsidiary of a merchant company incorporated in the United States of America.

The Company operates a technology platform that enables Nigerian tech professionals and other qualified service providers (“Users”, “you”, or “your”) to receive international payments through licensed third-party financial institutions.

By accessing or using our platform, you agree to be legally bound by these Terms. If you do not agree, you must discontinue use immediately.

2. NATURE OF SERVICES

2.1 The Company operates strictly as a technology and facilitation platform and does not function as:

A bank
A financial institution
A money service business

2.2 Financial Services Coverage:

All financial services including receiving, holding, processing, and disbursing funds are performed exclusively by licensed third-party fintech companies and financial institutions.

2.3 Custody Disclaimer:

At no time does the Company take custody of, hold, control user funds, or operate wallets on behalf of users.

2.4 Users acknowledge that their use of third-party financial services is subject to the respective providers' terms, policies, and regulatory compliance requirements.

3. ELIGIBILITY AND ACCOUNT REGISTRATION

3.1 Requirements

1
Be at least 18 years old
2
Have legal capacity to enter binding agreements
3
Provide accurate and verifiable information

3.2 Intended Users

Nigerian tech professionals and legitimate service providers offering professional services to international clients.

3.3 The Company reserves the right to perform KYC (Know Your Customer) and AML (Anti-Money Laundering) checks at any time.

4. PLATFORM FEES

20%

4.1 Fee Structure

The Company charges a non-refundable 20% platform fee on all transactions processed through the platform.

4.2 Included Services

Third-party fintech fees
Payment processing charges
Currency conversion costs
Operational expenses

4.3 The platform fee is deducted prior to disbursement of funds.

4.4 Continued use of the platform constitutes full acceptance of this fee structure.

5. CURRENCY CONVERSION AND DISBURSEMENT

5.1 & 5.2 Currency Handling

All payments are received in foreign currency (primarily USD) and converted into Nigerian Naira (NGN) using the prevailing FX rate on the disbursement day.

5.3 Disbursement Schedule

Fridayof each week

5.4 Liability Disclaimer

The Company shall not be liable for exchange rate fluctuations, delays from third-party institutions, or market-driven currency volatility.

6. INVOICE GENERATION AND VALIDITY

6.1 & 6.2 Professional Use

Invoices must be generated strictly for legitimate tech or professional services rendered to international clients. Users must confirm the transaction is lawful and non-fraudulent.

6.3 Expiry Policy

7 DaysWarning

All generated invoice links expire after 7 days if unpaid. A new invoice must be generated thereafter.

6.4 Responsibility

The Company bears no responsibility for expired invoices or failure of clients to act within the validity period.

7. PROHIBITED USE AND FRAUD

7.1 Zero Tolerance Policy

Fake or misleading invoices
Money laundering activities
Fraudulent/Deceptive transactions
Unlawful financial flows

7.2 Legal Consequences

Any false confirmation during invoice generation constitutes PERJURY and FRAUD, punishable under applicable laws.

7.3 Enforcement: Suspected fraud leads to immediate account termination and reporting to relevant law enforcement agencies.

7.4 The User shall be subject to investigation and liable for prosecution where applicable.

8. THIRD-PARTY SERVICES AND DISCLAIMERS

8.1 The platform relies on licensed third-party providers for all financial operations.

8.2 Disclaimer of Liability for Third-Parties:

• Errors, downtime, or failures of third-party systems
• Regulatory actions affecting third-party providers
• Delays in settlement or disbursement

8.3 Users agree to comply with all applicable third-party terms and policies.

9. LIMITATION OF LIABILITY

9.1 Scope of Exclusion

To the fullest extent permitted by law, the Company is not liable for loss of funds held by third-parties, FX losses, payment delays, or incidental damages.

9.2 Disclaimer

SERVICES ARE PROVIDED ON AN “AS IS” BASIS WITHOUT WARRANTIES OF ANY KIND.

10. INDEMNIFICATION

You agree to indemnify and hold harmless the Company, its directors, and affiliates from claims arising from:

Your misuse of the platform
Breach of these Terms
Violation of any law or third-party rights

11. ACCOUNT SUSPENSION AND TERMINATION

The Company reserves the right to suspend or terminate access without notice if:

Violation of Terms

Suspicious Activity

Regulatory Requirements

12. DATA COMPLIANCE AND PRIVACY

12.1 Purpose of Processing

Personal data is collected for identity verification, regulatory compliance, and service delivery.

12.2 Consent

Users consent to such processing in accordance with applicable data protection laws.

13. GOVERNING LAW AND DISPUTE RESOLUTION

13.1 These Terms shall be governed by the laws of the Federal Republic of Nigeria.

13.2 Any disputes arising shall first be resolved through good faith negotiations.

13.3 Arbitration

Where unresolved, disputes shall be referred to Arbitration in Nigeria, in accordance with applicable laws.

14. AMENDMENTS

The Company reserves the right to modify these Terms at any time. Updates will be published on the platform, and continued use constitutes acceptance.

15. CONTACT INFORMATION

For inquiries, complaints, or support:

info@vemre.com

16. ACCEPTANCE

By using this platform, you acknowledge that you have read, understood, and agreed to be bound by these Terms and Conditions.

VEMRE AREMU ENTERPRISE LIMITED

“Seamless global payments for Nigerian professionals.”