Terms of Service

1. About KhadExchange

KhadExchange Limited ("KhadExchange") is a licensed International Money Transfer Operator (IMTO) regulated by the Central Bank of Nigeria (CBN). Our services are exclusively B2B in nature — we serve corporate entities, financial institutions, and licensed intermediaries. We do not provide retail or consumer financial services.

All services are subject to CBN regulations, AML/CFT guidelines, and applicable Nigerian law.

2. Eligibility

Our services are available only to:

• Legally incorporated business entities in Nigeria or internationally
• Licensed financial institutions, BDCs, or professional intermediaries
• Authorised representatives acting on behalf of qualifying organisations

By engaging our services, you represent that you are an authorised representative of a qualifying entity with the legal authority to bind that organisation to contractual obligations.

KhadExchange reserves the right to decline or terminate services to any entity that does not meet our compliance standards or whose source of funds cannot be satisfactorily verified.

3. Onboarding and KYB

All new clients must complete our Know Your Business (KYB) onboarding process prior to executing any transactions. This includes submission of corporate documentation, director identification, and source of funds declarations as required by our AML/CFT Policy.

KhadExchange may request additional documentation at any stage of the relationship. Failure to provide requested documents may result in suspension of services pending clarification or, where legally required, mandatory reporting to relevant authorities.

By submitting onboarding documents, you warrant that all information provided is true, accurate, and not intentionally misleading.

4. Services and Rates

KhadExchange provides the following core services to eligible clients:

• International inbound remittance processing and NGN disbursement
• Corporate FX liquidity matching
• B2B FX infrastructure and treasury advisory

Indicative rates displayed on our website are for reference only and are based on prevailing market conditions. Binding rates are confirmed in writing by our Dealing Desk at the time of each transaction and are subject to market movement, volume, and settlement conditions.

KhadExchange makes no warranty that website-displayed rates will be available for any specific transaction.

5. Transaction Processing

All transactions are subject to:

• Successful KYB verification of the client and, where applicable, the ultimate beneficiary
• Receipt of cleared, confirmed funds from the client prior to disbursement
• CBN regulatory limits and applicable transaction ceilings
• Satisfactory AML/CFT screening of all parties
• A binding deal confirmation issued by our Dealing Desk

KhadExchange is not liable for delays resulting from regulatory holds, correspondent banking processing times, or force majeure events beyond our reasonable control.

6. Prohibited Activities

Our services may not be used for, and you warrant that you will not use them for:

• Money laundering, terrorist financing, or any activity constituting a financial crime under Nigerian or international law
• Transactions involving sanctioned countries, entities, or individuals as designated by OFAC, the UN, or EFCC
• Circumventing CBN foreign exchange controls or capital flow regulations
• Structuring transactions to avoid reporting thresholds
• Any activity that is illegal under Nigerian law or the law of the originating jurisdiction

Violation of this clause will result in immediate termination of services, mandatory regulatory reporting, and co-operation with any resulting law enforcement investigation.

7. Limitation of Liability

To the fullest extent permitted by applicable law:

• KhadExchange's total liability for any claim arising from our services shall not exceed the total fees paid by the client for the specific transaction giving rise to the claim.
• We are not liable for indirect, consequential, or speculative losses, including loss of profit, business opportunity, or currency movement losses.
• We are not liable for losses resulting from the client's failure to comply with our compliance requirements, inaccurate information provided by the client, or third-party processing delays.

8. Intellectual Property

All content on the KhadExchange website — including text, design, graphics, logos, and FX intelligence articles — is the intellectual property of KhadExchange Limited. You may not reproduce, distribute, or create derivative works without our express written consent.

Our name, logo, and "KhadExchange" mark are proprietary. Unauthorised use is prohibited.

9. Website Use

The KhadExchange website is provided for informational purposes only. Nothing on this site constitutes financial advice, a binding offer, or a solicitation to enter into a transaction. All rates, figures, and case studies are indicative only.

We reserve the right to modify, suspend, or discontinue any aspect of our website without notice.

10. Governing Law and Disputes

These Terms are governed by the laws of the Federal Republic of Nigeria. Any dispute arising from or in connection with these Terms or our services shall be subject to the exclusive jurisdiction of the Nigerian courts, with initial recourse to mediation where practicable.

11. Changes to These Terms

We may update these Terms from time to time. Continued use of our services after a material change constitutes acceptance of the revised Terms. Where the change is significant, we will provide reasonable notice to active clients.

12. Contact

For legal and compliance enquiries regarding these Terms:

KhadExchange Limited
Email: compliance@khadexchange.com
General: info@khadexchange.com