Privacy Policy Statement
Honemekpoint Global Limited ("we", "our", or "us") respects your privacy and is committed to protecting your personal data. This privacy policy will inform you as to how we look after your personal data when you visit our website or use our mobile applications and tell you about your privacy rights and how the law protects you.
1.1 Information We Collect
We may collect, use, store and transfer different kinds of personal data about you which we have grouped together as follows:
- Identity Data: includes first name, last name, username or similar identifier, marital status, title, date of birth, and gender.
- Contact Data: includes billing address, delivery address, email address, and telephone numbers.
- Financial Data: includes bank account details, payment card details, and transaction history.
- Technical Data: includes internet protocol (IP) address, your login data, browser type and version, time zone setting and location, browser plug-in types and versions, operating system and platform, and other technology on the devices you use to access this platform.
1.2 How We Use Your Information
We will only use your personal data when the law allows us to. Most commonly, we will use your personal data in the following circumstances:
- Where we need to perform the contract we are about to enter into or have entered into with you.
- Where it is necessary for our legitimate interests (or those of a third party) and your interests and fundamental rights do not override those interests.
- Where we need to comply with a legal obligation.
1.3 Data Security
We have put in place appropriate security measures to prevent your personal data from being accidentally lost, used, or accessed in an unauthorized way, altered, or disclosed. In addition, we limit access to your personal data to those employees, agents, contractors, and other third parties who have a business need to know.
Risk Disclosure Statement
This Risk Disclosure Statement provides you with information about the risks associated with utilizing financial transactions, savings programs, and digital platform services offered by Honemekpoint Global Limited (Reg No. 8939346).
2.1 General Financial Risks
The services provided through Honemek involve digital financial transactions. Users must acknowledge that electronic systems, internet infrastructure, and mobile applications carry inherent technological risks, including potential communication failures, latency, or unauthorized access attempts despite robust encryption layers.
2.2 Third-Party Partner Risk
Honemek partners with licensed institutions and payment processors to facilitate seamless money transfers, utility bill payments, and secure saving products. Users acknowledge that interruptions or operational issues at partner banking institutions or regulatory framework modifications may temporarily affect service processing times.
2.3 User Account Security Responsibility
You are solely responsible for maintaining the confidentiality of your account credentials, PINs, and passwords. Honemek shall not be held liable for losses incurred due to unauthorized access resulting from user negligence, sharing of credentials, or compromised personal devices.
2.4 Source of Funds and Account Privacy Disclaimer
The company will not be held responsible for wherever the customer gets money from to input in his/her individual honemekpoint account, as we cannot invade individual personal accounts except if it is a court order to freeze such an account.
Saving Products Terms and Conditions
These terms govern your participation in savings, targets, and investment programs provided on the Honemek platform. By depositing funds into any savings category, you agree to comply with these explicit stipulations.
3.1 Account Creation and Deposits
Users must complete all mandatory verification requirements before activating savings features. Deposits can be made via approved automated channels, bank transfers, or connected debit/credit cards linked securely to your main account profile.
3.2 Withdrawal Notice Requirements
The customer will place a 24-hour notice for withdrawal before funds are successfully credited and dropped into their main account profile.
3.3 Interest Calculation and Payouts
Savings yields, high returns, and interest structures are calculated based on specific product parameters active at the time of deposit. Payout intervals and exact rates are explicitly stated within the app interface during product selection.
3.4 Fixed Savings Agreements and Early Withdrawal Rules
Fixed savings agreements must be strictly adhered to as agreed. Any early withdrawal due to unforeseen circumstances will require providing at least one to two months of prior notice, and the customer will only be permitted to withdraw up to half (50%) of the total fixed savings balance.
3.5 Fixed Savings Maturity and Final Payouts
At the month of the final withdrawal of the fixed savings plan, the customer only withdraws their core capital, as there will be no more additional interest added to it.
Data Retention Policy
Honemekpoint Global Limited maintains structured guidelines regarding how long customer records, transaction logs, and personal identifiers are stored within our system environments.
4.1 Retention Period Guidelines
We will only retain your personal data for as long as reasonably necessary to fulfill the purposes we collected it for, including for the purposes of satisfying any legal, regulatory, tax, accounting, or reporting requirements.
4.2 Regulatory Compliance Logging
Financial records, identity verification documents, and audit logs are retained for a minimum period mandated by Nigerian financial regulations and compliance frameworks (typically up to 5 years following account closure or last transaction date) to prevent fraudulent activities and resolve legal disputes.
4.3 Secure Deletion and Anonymization
Upon the expiration of the mandatory retention period, personal data is permanently expunged, shredded, or irreversibly anonymized so that it can no longer be associated with you.