Legal

Terms & Conditions

These terms govern your use of eAuction Nigeria. By registering or placing a bid, you agree to them. Questions? Contact us anytime.

Last updated: March 2025 Nigerian Law — FCT Jurisdiction All registered users
18+
Minimum Age
Required to register and bid.
3–7 days
Payment Window
Winning bidders must pay within this period.
1–3 days
KYC Review
Documents verified within 3 business days.
5–10 days
Deposit Refund
Unsuccessful bidder deposits returned.
ACA
Arbitration
Abuja Chambers Arbitration.
CAMA
Legal Framework
Governed by Nigerian law.

Section 1

Acceptance

Using eAuction Nigeria — whether browsing, registering, bidding, or listing — means you accept these Terms and our Privacy Policy. If you disagree, please do not use the Platform.

Updates: We'll notify registered users by email at least 7 days before any material changes take effect. Continued use after that date means you accept the updated Terms.

Section 2

Eligibility & Registration

To create an account you must be at least 18 years old, have the legal capacity to enter contracts under Nigerian law, and provide accurate information. You're responsible for all activity on your account — notify us immediately if you suspect unauthorised access.

Section 3

Bidding Rules

All bids are legally binding offers. Winning a bid creates an enforceable obligation to complete the purchase. Assets are sold as-is unless stated otherwise, and bids cannot be retracted once placed.

Reserve prices: Where a reserve applies it won't be disclosed before auction close. If bidding doesn't meet the reserve, the seller is not obligated to sell.

Section 4

Payments & Fees

All transactions are in Nigerian Naira (₦). Winning bidders must pay within 3–7 business days of auction close. A platform fee applies to sellers on successful sales. Refundable deposits are returned within 5–10 business days. Payments processed securely by Paystack.

Section 5

KYC & Verification

We require identity verification before users can bid on certain auctions or process withdrawals, in line with Nigeria's anti-money laundering regulations. Documents typically include a valid government-issued ID, proof of address, and BVN confirmation. Unverified accounts have restricted access.

Section 6

Prohibited Conduct

Strictly prohibited: shill bidding, bid collusion, identity fraud, listing stolen or encumbered assets, automated scraping, system interference, and harassment of users or staff.

Consequences: Immediate suspension or permanent ban, forfeiture of deposits, and referral to the EFCC, NFIU, or other Nigerian regulatory authorities.

Section 7

Intellectual Property

All Platform content — name, logo, design, and software — belongs to eAuction Nigeria or its licensors. You may not copy, reproduce, or reverse-engineer any part without written consent. Seller content remains theirs; by submitting it you grant us a licence to display it in the listing.

Section 8

Liability

eAuction Nigeria is a marketplace connecting buyers and sellers — we are not a party to sale contracts. To the extent permitted by Nigerian law, we are not liable for indirect damages, seller inaccuracies, buyer–seller disputes, or platform downtime. Our total liability shall not exceed fees paid by that user in the preceding 12 months.

Section 9

Termination

We may suspend or close accounts at any time for breach of these Terms, fraud, failed KYC, or a court order. You may request voluntary deletion by contacting us. Outstanding bid obligations remain enforceable after any termination.

Section 10

Governing Law & Disputes

These Terms are governed by Nigerian law (CAMA 2020, FCCPA 2018). Disputes are first subject to 30 days of good-faith negotiation, then binding arbitration in Abuja under the Arbitration and Conciliation Act. Either party may seek emergency injunctive relief from a Nigerian court.

Questions about these Terms?

Our team is happy to explain anything before you proceed.