Terms & Conditions

Welcome to My Blog — Nigeria's institutional auction platform for verified buyers and sellers of high-value assets. By registering an account, placing a bid, submitting a listing, or simply browsing the Platform, you confirm that you have read, understood, and agree to be legally bound by these Terms & Conditions and our Privacy Policy.

These Terms constitute a legally binding agreement between you ("User", "Bidder", or "Seller") and My Blog ("we", "us", or "our"). If you do not agree to any part of these Terms, you must immediately cease using the Platform.

To create an account and use the Platform you must:

• Be at least 18 years of age or the age of legal majority in your jurisdiction
• Have the legal capacity to enter binding contracts under Nigerian law
• Not be currently suspended or permanently banned from the Platform
• Not be prohibited from using the Platform under any applicable law or court order
• Provide accurate, complete, and current information during registration and keep it up to date

You are solely responsible for the security of your login credentials. Any activity conducted through your account is your responsibility. Notify us immediately at support if you suspect unauthorised access. Accounts providing false information may be suspended without notice.

All bids placed on My Blog are legally binding offers to purchase the listed asset at the stated bid amount. By submitting a bid, you confirm:

• You have reviewed the full asset description, images, condition report, and all disclosed terms
• A winning bid creates an enforceable obligation to complete the purchase within the timeframe in the listing
• Assets are sold "as-is, where-is" unless the listing explicitly states otherwise
• Bids cannot be retracted once placed, except where our Bid Cancellation Policy applies
• The highest valid bid at auction close wins, subject to any reserve price being met
• In the event of a technical dispute, the Platform's determination is final and binding

We reserve the right to cancel, suspend, extend, or re-run any auction in cases of suspected fraud, verified technical error, legal requirements, or force majeure.

All transactions on the Platform are denominated in Nigerian Naira (₦). The following payment terms apply to all users:

• Winning bidder payment: Full payment must be completed within 3–7 business days from auction close (exact period stated in each listing). Failure to pay may forfeit the winning bid and result in account suspension
• Platform service fee: A service fee is charged to sellers on successful sales. The applicable rate is disclosed before a listing is published. Buyers are not charged a buyer's premium unless explicitly stated
• Bidding deposit: Certain high-value auctions require a refundable security deposit before bidding. Deposits from unsuccessful bidders are refunded within 5–10 business days of auction close
• Payment processing: All payments are handled securely by Paystack. We do not store card or bank details. By making a payment you also agree to Paystack's terms of service
• Receipts: Automated payment confirmations are issued for every transaction and accessible from your account dashboard

Persistent non-payment may result in deposit forfeiture, permanent account suspension, and debt recovery action under Nigerian law.

In compliance with the Money Laundering (Prevention and Prohibition) Act 2022 and NFIU guidelines, we require identity verification before users may bid on certain auctions or process withdrawals. Documents typically required include:

• Valid government-issued photo ID — NIN slip, international passport, or driver's licence
• Proof of residential address — utility bill or bank statement not older than 3 months
• Bank Verification Number (BVN) confirmation
• For institutional sellers: CAC certificate of incorporation, MEMART, and TIN certificate
• A live selfie for identity liveness verification where required

KYC is typically reviewed within 1–3 business days. Unverified accounts are restricted in auction participation. For details on how your KYC documents are stored and protected, see our Privacy Policy.

The following are strictly prohibited on the Platform and may result in immediate termination and referral to Nigerian law enforcement:

• Shill bidding: Placing bids on your own listings, directly or through associates, to inflate apparent value
• Bid collusion: Coordinating with other users to suppress or manipulate auction prices
• Identity fraud: Creating accounts under false identities, submitting forged KYC documents, or impersonating another person
• Prohibited asset listings: Submitting auctions for stolen, counterfeit, encumbered, or legally restricted property
• Automated scraping: Using bots or scrapers to access the Platform without prior written permission
• System interference: Attempting to compromise, disrupt, or gain unauthorised access to Platform infrastructure
• Harassment: Threatening, abusing, or intimidating other users, sellers, or our staff

All content on the Platform — including the My Blog name and logo, interface designs, auction software, written content, and data compilations — is the exclusive property of My Blog or its licensors, protected under Nigerian and international intellectual property laws.

You are granted a limited, non-exclusive, revocable licence to access and use the Platform solely as a registered user. Without prior written consent, you may not:

• Copy, reproduce, modify, or distribute any Platform content
• Use our trademarks, logos, or brand assets in any context
• Reverse-engineer, decompile, or extract the source code of our software
• Create derivative works based on any part of the Platform

Content submitted by sellers (photos, descriptions, documents) remains the seller's property. By submitting content, you grant us a worldwide, royalty-free licence to display and use it in connection with the auction listing.

To the fullest extent permitted by Nigerian law, My Blog and its directors, officers, employees, and affiliates shall not be liable for:

• Indirect, incidental, consequential, or punitive damages arising from Platform use
• Loss of profits, business opportunities, or data
• Inaccuracies in asset descriptions, valuations, or condition reports provided by sellers
• Buyer–seller disputes regarding asset title, condition, or delivery
• Platform unavailability due to maintenance, technical failures, or force majeure
• Third-party payment processing errors or delays by Paystack

Our aggregate liability to any user for any claim shall not exceed the total fees paid by that user to the Platform in the 12 months immediately preceding the claim.

We may suspend or permanently terminate your access to the Platform at any time, with or without prior notice, in cases of:

• Any breach of these Terms or our platform policies
• Fraudulent, illegal, or abusive conduct
• Failed KYC verification or submission of fraudulent documents
• Prolonged account inactivity (typically more than 24 months)
• A court order or regulatory directive requiring termination

You may request voluntary account deletion by contacting us. Upon any termination, all outstanding bid obligations, payment commitments, and auction-related liabilities remain fully enforceable. Data retention after termination is governed by our Privacy Policy.

These Terms are governed by the laws of the Federal Republic of Nigeria, including the Companies and Allied Matters Act (CAMA) 2020, the Federal Competition and Consumer Protection Act (FCCPA) 2018, and the Cybercrime (Prohibition, Prevention, Etc.) Act 2015.

Any dispute arising from these Terms shall first be subject to good-faith negotiation for 30 days. If unresolved, it shall be referred to binding arbitration under the Arbitration and Conciliation Act, conducted in Abuja, FCT, before a single mutually agreed arbitrator.

Nothing in this clause prevents either party from seeking emergency injunctive relief from a competent Nigerian court. For general queries, please contact us before initiating formal proceedings.