Terms of Use

Version 2026-11. Items highlighted like [this] are decisions the company must make and fill in before launch.

1. Who we are

These terms are between you and Simple Own Business Growth Ltd. (“we”, “us”), [REGISTERED ADDRESS], [RC NUMBER], which runs the Motorcycle Savings Project. Contact: [CONTACT EMAIL], [PHONE NUMBER].

2. What the project is

You save towards a fixed target of ₦1,070,000 for each motorcycle account you open. When your approved balance reaches the target, a motorcycle from our inventory is assigned to you. [DELIVERY TIMELINE, CONDITIONS AND WHAT HAPPENS IF A MODEL IS UNAVAILABLE]

3. Your account and the registration fee

You must give accurate details and keep your password private. You are responsible for activity on your account.
Each motorcycle account has a one-time registration fee of ₦1,000, separate from your savings. You cannot save into an account until its fee is confirmed. [IS THE FEE REFUNDABLE? STATE THE RULE]
You may open several motorcycle accounts. Each has its own target of ₦1,070,000.

4. Savings plans

Daily plan: ₦3,000 per day. Weekly plan: ₦21,000 per week. Monthly plan: ₦90,000 per month.
You choose a plan when you open an account. Once chosen it is locked; only our administrators can change it.
Because ₦1,070,000 does not divide evenly by every plan amount, your final contribution is reduced so you never pay more than the target.
You can pay several installments at once, up to the amount still needed.

5. Payments

Payments are made through Paystack. You pay Paystack’s processing fee on top, so the full contribution amount is credited to your account. The total is shown before you pay.
A payment counts towards your savings after it is confirmed by Paystack[AND, WHERE WE USE APPROVAL MODE, APPROVED BY OUR TEAM].
If a payment cannot be credited (for example it would exceed the target, or the account is closed), we will not credit it and will arrange a refund. We may reverse a payment that was made or recorded in error.
We never see your card or bank login details. They are handled by Paystack.

6. If you stop saving or want your money back

[REFUND POLICY — FOR EXAMPLE FULL REFUND / REFUND MINUS A DEDUCTION / NO REFUND, HOW TO REQUEST IT, AND HOW LONG IT TAKES]

7. Our right to act

We may suspend or close an account if we reasonably believe it is being used for fraud, abuse or in breach of these terms, and we will explain why where the law allows. We may correct errors in balances or records.

8. Liability

[LIMITS OF LIABILITY AND ANY DISCLAIMERS — TO BE WRITTEN WITH A LAWYER]

9. Changes to these terms

If we change these terms in a way that affects you, we will tell you before the change applies.

10. Governing law

These terms are governed by the laws of the Federal Republic of Nigeria. [DISPUTE RESOLUTION AND COURTS]