Terms and Conditions
By using or downloading Oil Lease Global or accessing or using the website, you agree to accept the following Terms and Conditions.
This platform is operated by Emitters Global Resources, incorporated by the Corporate Affairs Commission of The Federal Republic of Nigeria and duly certified by Economic Financial Crime Commission to run it business in all her sectors of business, such as oil and gas, real estate, agriculture, energy, commerce and trade, industry and information technology, fintech. Oil lease global is a mobile or web platform developed and managed by Emitters Global Resources which provides consumers/users with access to partner with our oil and gas trade operation business of the company electronically with a guaranteed return sharing among partners.
1. ACCEPTANCE OF TERMS AND CONDITIONS:
A. Introduction: These terms and conditions, together with any documents they expressly incorporate by reference (collectively, these “Terms”) govern your access and use of the Website www.oilleaseglobal.com or downloading our mobile application (OLG App”), including any content, component, functionality and/or service offered on or through Website or OLG App (collectively and together with Website and OLG App, the “Platform”) owned and controlled by Emitters Global Resources (“Company” or “Emitters Global Resources” or “we” or “our” or “us”), as a registered user of the Platform (a “user” ,“User” or “partner”). All reference to “you” or “your”, as applicable, mean a user and/or the Person who accesses, uses and/or participates in Platform, in any manner, and such Person’s heirs, assigns, and successors. If you use the Platform on behalf of an entity, “you” or “your,” as applicable, means that entity and its affiliates and their respective directors, officers, employees, and agents.
B. Acceptance of these Terms: BY USING OR DOWNLOADING OLG APP OR ACCESSING OR USING THE WEBSITE YOU INDICATE YOUR ACCEPTANCE OF THE FOLLOWING TERMS ON YOUR OWN BEHALF AND ON BEHALF OF ANY ORGANIZATION YOU REPRESENT. IF YOU DO NOT AGREE TO THESE TERMS (OR ANY UPDATES TO OR MODIFIED VERSIONS THEREOF), YOU SHOULD DISCONTINUE THE USE OF THE PLATFORM IMMEDIATELY.
C. Your Duty to Regularly Review these Terms: Your use of Platform is governed by the version of the Terms in effect on the date Platform is accessed by you. The company may modify these Terms at any time and without a prior notice. You should review the most current version of these Terms by regularly visiting Platform and clicking on the Terms and Conditions hyperlink.
D. Third-Party Provider Services: The Platform may offer you the option to enter into relationships and agreements with Third-Party Providers for access to additional services, As a condition to having access to those Third-Party Provider services, you may be required to enter into various agreements with a Third-Party Provider such as, for example, any customer, service or account agreements. Provided that Oil lease global or Emitters Global Resources does not make any representation as to the expertise or qualification of any Third-Party Provider and shall not have any liability that may arise pursuant to your engagement, arrangement or agreement with the Third-Party Provider
2. GENERAL:
The Platform may include or make available certain content (the “Content”), which includes, without limitation: (1) account positions, balances, transactions, confirmations, and account history; (2) general news and information, commentary, educational material and information and data concerning the business sectors of operation; (3) Oil lease global account, lease and partnership (4) Oil lease global wallet balance, invested capital, returns sharing; (5) account management tools; (6) company names, logos, product and service names, trade names, trademarks and services marks (collectively, “Marks”) owned by Company, and Marks owned by Third-Party Providers (defined below); and (7) any other information, content, services, or software. Certain Content is supplied, distributed, provided or delivered by a Third-Party Provider (the “Third-Party Content”) such as information, services or software, made available by, through or on the Platform.
3. LEGAL AGE:
You must be at least 18 years of age to become a user or partner of the Platform. You represent and warrant that you are 18 years of age or older and are fully able and competent to enter into, and abide by, the contract created by these Terms of Use.
4. ACCOUNTS:
To gain access to the service we offer on Oil lease global, each partner is required to sign-up on the Platform through the OLG App or www.oilleaseglobal.com to create OIL LEASE GLOBAL ACCOUNT( where electronic or oil and gas business partnership is obtainable, fund is added, withdrawn or made use for payment of partnership(lease capital), which would require the provision of certain personally identifiable information, including but not limited to your name, your phone number, your address, your email address, bank account details and other related information for partner KYC. You will select your own password at the time of registration, and you agree that:
· You are eighteen years of age and otherwise comply with applicable law;
· You will not use a name (or e-mail address) that is already being used by someone else, or that infringes the intellectual property or other right of any person or entity, or is offensive;
· You will provide true, accurate, current, and complete registration information and KYC information about yourself in connection with the registration process;
· You are solely responsible for all activities that occur under your Account, password, and e-mail;
· You are solely responsible for maintaining the confidentiality of your password and for restricting access to your mobile device so that others may not access any password protected portion of Platform using your name, e-mail, or password;
· You will immediately notify us of any unauthorized use of your Account, password, or e-mail, or any other breach of security; and
· You will not sell, transfer, or assign your account or any Account rights without our authorization.
OPTING TO CREATE AN ACCOUNT ON THE PLATFORM, SATISFIES THAT YOU HAVE ACCEPTED ALL OUR TERMS AND CONDITIONS.
If any information that you provide, or if we have reasonable grounds to suspect that any information that you provide, is false, inaccurate, outdated, incomplete, or violates these Terms or any applicable law, then we may suspend or terminate your account without recourse to you. You agree that you will make available upon request, up to date identification and any other additional information, in order to keep it true, accurate and current. We also reserve the more general and broad right to terminate your account or suspend or otherwise deny you access to it or its benefits – all in our sole discretion, for any reason, with or without notice to you and without liability
5. MEANS OF ACCESS:
Website is generally intended to be viewed by a conventional web browser. The Platform can also be viewed on a device with an Android or IOS operating system. Although you may use other means to access the Platform, be aware that the Platform may not appear accurately through other access methods. You also agree that you use the devices or access the Platform only at your own risk.
6. ACCOUNT SECURITY:
You are responsible for ensuring the safety of your Account. You must install the latest version of any mobile applications that we publish from time to time. These updates often include improved security or fixes for recently discovered vulnerabilities. We will take reasonable steps consistent with our legal duties to protect your Account and secure it, however we are not liable for security breaches that may occur where we have complied with those obligations.
7. SITE AVAILABILITY:
While we have put resources into building and testing our website and application, glitches, slowdowns, and crashes may occur. We will also need to restrict access to some parts of our website/application to perform routine maintenance. We will try to schedule our maintenance during the middle of the night. While it is our intention that our website will be available seven days a week except when maintenance is scheduled (usually for weekends or any other day in the case of an emergency), you understand that we do not guarantee that you will always be able to access the Platform.
8. OIL LEASE GLOBAL AVAILABILITY:
We provide various partnership categories called partners’ lease plan on the Platform which are obtainable to individuals who created an account and provided the necessary registration requirements. After which an array of partnership lease plans are made available to the user. We are constantly improving our services on the Platform and therefore reserve the right to modify or change our Platform or any of our offerings, temporarily or permanently with or without prior notice to you.
9. NO RECOMMENDATIONS OR PARTNERSHIP ADVICE:
You are solely responsible for evaluating the merits associated with the use of any Content of the available partners’ lease plan or categories before making any decisions based on such Content.
10. EXECUTION OF PARTNERSHIP:
All transactions on Oil lease global are executed through Emitters Global Resources and its financial partner. The decision to accept or to reject a customer’s partnership is at the sole discretion of Emitters Global Resources. Transactions on the Platform are guided by the appropriate rules and regulations.
11. LEASE CANCELLATION/ MODIFICATION:
Customer acknowledges that it may not be possible to cancel/ modify a particular lease plan already chosen in the cause of partnership acceptance and activation and that the Customer is responsible for executions notwithstanding a cancel/modify request.
12. RETURNS AND SETTLEMENT:
This is the return payable from the share of profit income realized from the oil or gas station lease according to the chosen lease plan for lease tenor of the partnership. While settlement in this content refers to any bonus given to user of the platform as result of any task carried out for the company in terms of business promotion and others.
13. CONFLICT OF INTEREST AND DISCLOSURE:
For any form of insatiable interest by the partner or user of this platform, a support request meant to be generated through the available means of communication on the platform with diligent feedback response and resolution of such with the company without any disclosure to a non-concern body for any purpose except in accordance to the law of federal republic of Nigeria for business privacy protection to further enhance resolution . And same is applicable to the company in case of insatiable interest from the partner or a user of this platform.
14. CONFIRMATION OF PARTNERSHIP:
All partners’ lease plan creation accepted lease plans are backed-up by a confirmation message, while chosen lease plan rejected receive a rejection message. However, confirmation or rejection messages may be delayed due to computer system issues. Therefore, the partner is to monitor each lease plan until the confirmation of the status of each transaction. Partner agrees to notify Oil lease global management immediately by telephone or electronically through the Oil lease global website or application contact section if:
· Partner fails to receive an accurate information on partnership lease plan activated.
· Partner receives an account statement, confirmation or other information reflecting inaccurate lease plan, balances, positions, or transaction history. Partner acknowledges that Oil lease global may adjust partner’s account to correct any error. Partner agrees to promptly return to Emitters Global Resources any payment erroneously made to Partner.
15. PARTNERS’ LEASE PLANS:
This represents the oil or gas station lease plans made available to you to lease for a period of one year as the value and quantification of your partnership in our oil and gas trade business. Lease plan is the division of total yearly lease amount of oil or gas station in smaller unit amounts and sizes to allow you partner from your remote location with a bearable minimum or maximum amount as indicated in Partners’ lease plans on oil lease global website or mobile application to become a player in the oil and gas industry. Oil lease global Partners’ lease plans connotes the following for your participation:
i. Your partnership lease plan payment represents your part or share (according to the chosen lease unit) of the oil or station lease for one year business operation.
ii. Your partnership lease plan payment is for one rent or lease of unit part forming co-leasee of an oil or a gas station for oil or gas trade business operation.
iii. Your partnership lease plan payment is non-refundable payment.
iv. Your partnership lease plan attracts certain return share according to your lease plan unit daily from the business operation (sale of oil or gas products in leased station for 365 day a year).
v. Your partnership lease plan valid for 365 days (a year), there after expires, which marks the end of your lease and return share.
16.DISTRIBUTION OF RETURNS:
Distribution of returns is the sharing of profit income generated in the course of business operation for 365 days among partners in accordance to their lease plan return percentage cap as it is stated in the chosen lease plan on oil lease global website or mobile application partners’ account dashboard partnerships and lease section. As partners, you get your share of return distributed to your return wallet to enable you to access your share of return over your lease unit(s) and according to the selected lease unit size on your account dashboard partnership or lease section during your registration activation of your partnership for one year lease tenor.
16. WITHDRAWALS OF EARNINGS:
Withdrawals of earnings means withdrawing of returns and bonus earned as partner from the account dashboard on Oil lease global website or mobile application with the following withdrawal structure.
i. You withdraw based on your selected withdrawal frequency (weekly, monthly, quarterly, or end of lease tenor) at the point of your partners’ lease plan activation on your account dashboard.
ii. You first transfer your money from your return wallet at your due selected withdrawal frequency to your main wallet to enable your withdrawal to your local bank or integrated digital bank.
iii. You transfer bonus earned from your bonus wallet anytime to your main wallet to enable your withdrawal to your local bank or integrated digital bank.
iv. You can only withdraw from your main wallet to your local bank or integrated digital bank only three times on Monday, Tuesday, Wednesday, Thursday, or Friday between 8:00.a.m – 4:00.p.m.
v. All bank charges applied during the transfer of funds to accounts are fully borne by the customer.
vi. The local bank account name provided must tally with the Oil lease global partnership account name.
17. PRIVACY POLICY CLAUSE:
Emitters Global Resources undertake, to the extent required under law, to protect the privacy of all information provided by users of Oil lease global platform except in instances of disclosure to law enforcement agencies and or statutory agencies to assist in the prevention or detection of fraud or other criminal activities.
18. CONTACT:
If you require help or have questions or complaint about Oil lease global, please call our customer care center on +2348188990099 or email support@oilleaseglobal.com.ng or reach out to us from the message chat box on www.oilleaseglobal.com
19. WARRANTIES, DISCLAIMERS AND LIMITATIONS OF LIABILITY
YOUR WARRANTIES:
You represent and warrant to Emitters Global Resources that:
(a) all information, including, without limitation, user Information, that you provided to us is accurate and truthful,
(b) you have the authority to share user Information with us and to grant us the right to use user Information as provided in these Terms of Use and Privacy Policy,
(c) your acceptance and use of the Site and/or Application pursuant to these Terms of Use does not violate any applicable law or other contract or obligation to which you are a party or are otherwise bound, and
(d) the Materials do not infringe the intellectual property rights, including any copyrights, trademarks, trade secrets, right of privacy, or right of publicity, of any person.
DISCLAIMER OF WARRANTIES
THE COMPANY MAKES NO WARRANTIES. THE COMPANY RESERVES THE RIGHT TO RESTRICT OR TERMINATE YOUR ACCESS TO THE PLATFORM AND THEIR RESPECTIVE CONTENT OR ANY FEATURE OR PART THEREOF AT ANY TIME. IF YOU DOWNLOAD THE APPLICATION OR ANY CONTENT FROM THIS SITE, YOU DO SO AT YOUR OWN DISCRETION AND RISK. YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR MOBILE DEVICE OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF ANY SUCH CONTENT.
LIMITATION OF LIABILITY
COMPANY AND THIRD PARTY WILL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING, BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, REVENUE, INCOME, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES (EVEN IF COMPANY OR ANY THIRD PARTY PROVIDER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM: (1) THE USE OF OR THE INABILITY TO USE THE CONTENT OR THE SERVICE; (2) THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO, THROUGH OR FROM THE SERVICE; (3) ACCESS TO OR ALTERATION OF YOUR ACCOUNT, TRANSMISSIONS OR DATA DUE TO YOUR CONDUCT, INACTION OR NEGLIGENCE; OR (4) ANY OTHER MATTER RELATING TO THE CONTENT OR THE SERVICE. COMPANY WILL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY CONSEQUENTIAL, INCIDENTAL, SPECIAL, DIRECT, OR INDIRECT DAMAGES (INCLUDING BUT NOT LIMITED TO LOST PROFITS, OR DAMAGES THAT RESULT FROM USE OR LOSS OF USE OF PLATFORM AND THIRD-PARTY CONTENT, INCONVENIENCE OR DELAY). THIS IS TRUE EVEN IF COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOSSES. COMPANY WILL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY LOSS RESULTING FROM A CAUSE OVER WHICH SUCH COMPANY DOES NOT HAVE DIRECT CONTROL. THIS INCLUDES FAILURE OF ELECTRONIC OR MECHANICAL EQUIPMENT OR COMMUNICATIONS LINES (INCLUDING TELEPHONE, CABLE AND INTERNET), UNAUTHORIZED ACCESS, VIRUSES, THEFT, OPERATOR ERRORS, SEVERE OR EXTRAORDINARY WEATHER (INCLUDING FLOOD, EARTHQUAKE, OR OTHER ACT OF GOD), FIRE, WAR, INSURRECTION, TERRORIST ACT, RIOT, LABOR DISPUTE AND OTHER LABOR PROBLEMS, ACCIDENT, EMERGENCY OR ACTION OF GOVERNMENT. IF YOU LIVE IN A JURISDICTION THAT DOES NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY OR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SOME OR ALL OF THESE LIMITATIONS AND EXCLUSIONS MAY NOT APPLY TO YOU.
Miscellaneous
· This Terms is governed by the laws of the Federal Republic of Nigeria
· Customer agrees to the provision of this Terms in English and represents that the Customer understands its terms and conditions. This Terms contains the entire agreement between the parties, who have made no other representations or warranties. If any provision of this Terms is unenforceable, it shall not invalidate other provisions. Failure of Oil lease global to enforce any term or condition of this Terms through Emitters global resources is not a waiver of the term/condition.
· Customer consents to recording of all its telephone conversations with Oil lease global administrators. Customer acknowledges Oil lease global Privacy Policy and consents to collection/use of Customer information as described therein.
· Customer authorizes Oil lease global, directly or through third parties, to make any inquiries that Oil lease global considers necessary to conduct business with Customer. This may include ordering a credit report and performing other credit checks in the event of any default or breach of the obligations herein by Customer or verifying the information Customer provides against third party databases.
DEFINITIONS
· Oil lease global Account: is a Personal oil and gas trade business e-partnership account designated as a medium to participate in oil and gas e-partnership program of Emitters global resources to add fund for partnership lease plan payments, monitor and access partnership proceeds and withdraw fund.
· Oil lease global dashboard: This is partner’s account interface that show the detail of the partnership and functions for participation.
· Electronic Access Device: is any personal computer, telephone, mobile phone, smart phone, personal digital assistant, or any other electronic device, including wireless devices that allows you to access Oil lease global.
· Password: is the confidential Personal numbers, letters or characters you select to access your account on Oil lease global.
· Transaction: means any adding of funds from a Funding Source to your Oil lease global Account, any withdrawal of funds from an investment returns or bonuses to a Personal Deposit Account, and any Payment. Other eligibility criteria and enrolment requirements may be established periodically.
· Registration: You will have access to Oil lease global website or App upon registering and funding your account using a debit/credit card, online transfer or direct bank deposit with prove of payment
· Insufficient Funds: This is when the funds are not sufficient in your Oil lease global main account to complete the transaction. Note that if there are insufficient funds, we will not act on your transaction or instruction.
· Fees: This is the nominal amount payable when you make transactions/transfers. These fees are displayed before the transaction is committed.
· Prohibitions on Use: These are the conditions of use of Oil lease global application. You undertake not to access or use Oil lease global for any illegal, fraudulent, malicious or defamatory purpose.
· Password and PIN Security: means terms of use for your security identification i.e. your Password, PIN and Identification Question must be unique and not easily guessed. You must always keep your Password, PIN and Identification Questions strictly confidential. You are also required to notify us immediately these details are compromised, or you become aware of any unusual, suspicious or fraudulent activity on your Oil lease global account.
· Release/Indemnities: you agree to release and indemnify the relevant parties (Wema bank and Emitters Global Resources ltd.) from any claim, cost and liability that may be incurred as a result of your breach of the terms and conditions of this Agreement.