Last Updated: September 2025
Obiex Africa Ltd. ("Obiex," "we," or "us") is the owner and operator of the Obiex platform. Obiex provides an online platform where users can buy, sell, and exchange digital currencies securely and efficiently.
This Privacy Policy explains how we collect, use, store, share, and protect your information when you use:
Together, these are referred to as the “Obiex Site” and “Services.”
By using the Obiex Site and Services, you consent to the data and information policies set out in this Privacy Policy. You also acknowledge that you have read and agreed to Obiex’s General Terms of Use and other applicable policies, which form part of our contractual relationship with you.
1) Information We Collect
a) Information You Provide Directly
We collect information you provide when you register for and use the Services, including but not limited to:
b) Information Collected Automatically
When you use our Services, we automatically collect:
c) Information from Third Parties
We may collect information from third-party identity verification providers, fraud-prevention partners, credit reference agencies, and public databases as part of our compliance obligations.
2) Lawful Basis for Processing
We process your personal data only when permitted by law. The lawful bases include:
3) Use of Information
We use your personal data to:
4) Sharing of Information
We may share your personal information only in the following circumstances:
We do not sell or rent your personal data to third parties.
5) International Data Transfers
Your information may be transferred to and stored in jurisdictions outside your country of residence, including countries that may not provide the same level of data protection. Where we transfer personal data internationally, we implement appropriate safeguards in line with applicable data protection laws (e.g., Standard Contractual Clauses, NDPR provisions).
6) Data Retention and Deletion
We retain personal data only as long as necessary for the purposes set out in this Policy, including compliance with AML/CTF obligations and other legal requirements. Retention periods vary depending on the type of data and applicable laws.
If you request account closure, we will delete your personal information unless retention is required for:
7) Your Rights as a Data Subject
Depending on your jurisdiction, you may have the following rights:
8) Children’s Privacy
You must be at least 18 years old to use Obiex Services. We do not knowingly collect data from individuals under 18. If we discover such data, it will be deleted immediately.
9) Security Measures
We use administrative, technical, and physical safeguards designed to protect your personal information against unauthorized access, loss, misuse, or disclosure. These measures include encryption, restricted access, firewalls, and monitoring systems.
10) Updates to This Privacy Policy
We may update this Policy from time to time. When we make material changes, we will notify you by email or through the Obiex Site. The updated version will always carry the “Last Updated” date at the top.
11) Jurisdiction and Governing Law
This Privacy Policy is governed by and construed in accordance with the laws of the Federal Republic of Nigeria.
For users located in the European Union (EU), United Kingdom (UK), or other jurisdictions with specific data protection laws, Obiex will apply the relevant provisions of the General Data Protection Regulation (GDPR), the UK Data Protection Act, or other applicable laws in addition to Nigeria’s Nigeria Data Protection Regulation (NDPR).
References in this Policy to “foreign law enforcement agencies” include law enforcement or regulatory bodies outside Nigeria acting under applicable law.
12) Indemnity & Limitation of Liability
By using our Services, you agree to hold Obiex, its officers, directors, employees, and affiliates harmless from any claims, liabilities, or expenses arising from your breach of this Policy or misuse of the Services.
Obiex will not be liable for indirect, consequential, or punitive damages, except as required by law.
13) Contact Us
This Privacy Policy is governed by and construed in accordance with the laws of the Federal Republic of Nigeria.
If you have questions about this Privacy Policy or wish to exercise your rights, please contact us at: [email protected]