The Borrower acknowledges and agrees that internet and telecommunications transmissions will never be entirely secured or private.
By accepting the terms & conditions for the loan and also by drawing in the loan. We covenant to settle the mortgage as so when due. In case they may be holding for my benefit that I fail to repay the loan as agreed, and the loan becomes delinquent, the bank shall have the right to report the delinquent loan to the CBN through the Credit Risk Management System (CRMS) or by any other means, and request the CBN to exercise its regulatory power to direct all banks and other financial institutions under its regulatory purview to set-off my indebtedness from any money standing to my credit in any bank account and from any other financial assets.
I covenant and warrant that the CBN shall have capacity to set-off my indebtedness under this loan contract from all such monies and funds standing to my credit/benefit in almost any and all sorts of such records or from virtually any monetary assets owned by me plus in the custody of any bank that is such.
We hereby waive any right of privacy whether arising under typical legislation or statute or perhaps in any kind of way whatsoever and irrevocably agree totally that i will perhaps maybe not argue towards the contrary before any court of legislation, tribunal, administrative authority or just about any other human anatomy acting in virtually any judicial or quasi-judicial capacity.
Universal consolidation liberties
The lender may, pursuant for this contract, charge, connect and debit the balances standing to your credit associated with Borrower in virtually any account connected to, or related to, the Borrower by means of a Bank Verification Number (BVN) in virtually any commercial bank, microfinance bank, home loan bank, finance household, re re payment solution bank, mobile re re payment solution operators or other economic solution operatorship which is why the Central Bank of Nigeria may issue any licences later on whether such records be exposed or in presence before, during or following the execution with this contract.