Terms & Conditions

  1. TOKENStoWEALTH Cooperative Multipurpose Society is a community of men and women who share a common vision of growing little token contributions into wealth through savings and investments.
  2. When registering online as a member of the cooperative society, in addition to the information provided automatically by your browser when you visit our website, you may need to provide us with Personal information we use to populate that profile. By registering, you are authorizing us to collect, store and use your email address, phone number, bank account details and other such information you provide during registration, in accordance with our bye-laws.
  3. In general, the Personal Information you provide to us is used to help us communicate with you.
  4. In the event we undergo a business transaction such as a collaboration/partnership with financial institutions, your Personal Information may be shared with the financial institution for the purpose of extending their products and services to you. You acknowledge and consent that such sharing may occur and are permitted by this Policy.
  5. If our information practices change at any time in the future, we will post the changes to the Site so that you may opt out of the new information practices. We suggest that you check the Website periodically if you are concerned about how your information is used.
  6. Savings and investments made to TOKENStoWEALTH Cooperative Multipurpose Society is voluntary and free of any inducement.
  7. TOKENStoWEALTH Cooperative Multipurpose Society reserves the right to or not to provide other benefits, apart from the ones communicated ab initio, to members based on the discretion of the society.
  8. TOKENStoWEALTH Cooperative Multipurpose Society shall not be held liable for any misrepresentation from any member of the TOKENStoWEALTH Cooperative Multipurpose Society schemes.
  9. Every member of the community is an independent entity and such is fully responsible for all of his/her verbal and written statements and agreements made regarding TOKENStoWEALTH Cooperative Multipurpose Society not expressly contained on TOKENStoWEALTH Cooperative Multipurpose Society website.
  10. Every member of the community shall not be involved in any financial impropriety, false representation of TOKENStoWEALTH Cooperative Multipurpose Society or any other conduct that can tarnish the image of the cooperative. Non-compliance with this would be deemed as a violation of the provision of our bye-laws.
  11. TOKENStoWEALTH Cooperative Multipurpose Society reserves the right to suspend or terminate the membership of any member at any time for cause when it is determined that the member has violated the provisions of its bye-laws as they may be amended or the provisions of applicable laws and standards of fair dealing. Upon such termination, TOKENStoWEALTH Cooperative Multipurpose Society shall notify the affected member by email. In the event of a termination, the terminated member agrees to immediately cease representing him/herself as a member.
  12. A person becomes a member of TOKENStoWEALTH Cooperative Multipurpose Society by completing an online registration form and payment of N20,000 in cash, cheque or transfer of any kind either manually or electronically into the bank account of the cooperative domiciled in any bank in Nigeria. The N20, 000 is NON-REFUNDABLE.
  13. Members of TOKENStoWEALTH Cooperative Multipurpose Society should be 18 years and above.
  14. The Cooperative has the right and power to change, alter, amend or modify in whole or in parts, the income structure or compensation plan including all the attached opportunities thereto without notice to or permission of its members.
  15. The system is setup to reward any member who refers new members – by paying referral bonus. To be eligible for referral bonus, new members would be required to register through your referral link or enter your membership ID in the referrer field during registration.
  16. Members shall only be entitled to dividends if they hold Shares in the cooperative and/or participate in Regular Thrift Savings.
  17. Payout to members shall be at the request of members. Payout shall be by direct payment to individual members’ bank accounts.
  18. There shall be a recovery bank charge on every withdrawal/payout.
  19. If a member decides to leave the cooperative and closes his/her cooperative account, all savings and deposits (without interests/dividends) shall be paid to the member.
  20. A member would be eligible for a loan after 6 months of active membership. Loan repayment would be deducted from the member’s online cooperative account (e-wallet). In the case of default on loan repayment,  the cooperative shall fall back to the debtor and guarantors’ e-wallets and thrift savings accounts for loan liquidation.

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