VITA NOVA LandBank

These Terms of Service ("Terms") govern your access to and use of the website, mobile applications, and services (collectively, the "Platform") operated by VITA NOVA Land Banking Limited ("VITA NOVA LandBank," "we," "us," or "our"), a company incorporated under the laws of the Federal Republic of Nigeria with its registered office at 14B Admiralty Way, Lekki Phase 1, Lagos, Nigeria.

By accessing or using our Platform, you agree to be bound by these Terms in their entirety. If you do not agree with any provision of these Terms, you must not access or use the Platform.

1. Acceptance of Terms

By creating an account, browsing our property listings, making a purchase, or otherwise engaging with our Platform, you acknowledge that you have read, understood, and agree to be bound by these Terms, together with our Privacy Policy and any other policies or guidelines referenced herein. These Terms constitute a legally binding agreement between you and VITA NOVA Land Banking Limited.

We reserve the right to modify these Terms at any time. Any changes will be posted on this page with an updated "Last Updated" date. Your continued use of the Platform following the posting of revised Terms constitutes your acceptance of such changes. We encourage you to review these Terms periodically.

2. Eligibility and Account Registration

To use certain features of the Platform, including making investments and purchasing property, you must create an account. By registering, you represent and warrant that:

You are at least eighteen (18) years of age or the age of legal majority in your jurisdiction;
You have the legal capacity to enter into binding contracts under Nigerian law;
All information you provide during registration is accurate, current, and complete;
You will promptly update your account information to keep it accurate and current;
You will maintain the confidentiality of your account credentials and are responsible for all activities that occur under your account.

We reserve the right to suspend or terminate any account that we reasonably believe has been created with false or misleading information, or that is being used in violation of these Terms. You must notify us immediately at support@vitanovalandbank.com if you suspect unauthorized access to your account.

3. Investment Terms

VITA NOVA LandBank facilitates the acquisition of verified land parcels across Nigeria. By purchasing property through our Platform, you acknowledge and agree to the following:

All property listings are presented based on information obtained through our due diligence processes, including title searches, survey verification, and community investigations;
While we exercise reasonable care in verifying property information, we do not guarantee the absolute accuracy of all details, and you are encouraged to conduct your own independent verification;
Property prices are subject to change without prior notice until a binding purchase agreement has been executed;
Completion of a purchase is subject to the execution of a formal Deed of Assignment or Contract of Sale, as applicable;
Land appreciation is not guaranteed. The value of land may fluctuate due to market conditions, government policies, infrastructure developments, and other factors beyond our control.

4. Payment and Transactions

All payments made through the Platform shall be processed in Nigerian Naira (NGN) unless otherwise stated. We accept payments via bank transfer, online payment gateways, and other methods as indicated on the Platform.

Where instalment payment plans are offered, you agree to adhere to the payment schedule specified in your purchase agreement. Failure to make payments as scheduled may result in the application of late payment penalties, suspension of your allocation, or forfeiture of amounts paid, in accordance with the terms of your specific agreement.

All fees, charges, and taxes applicable to your transaction will be clearly disclosed prior to the completion of your purchase. You are responsible for any additional costs associated with title perfection, survey plan collection, legal fees, and property registration with the relevant government authorities, unless expressly stated otherwise.

5. Refund Policy

Refund requests are handled on a case-by-case basis and are subject to the terms of your individual purchase agreement. Generally, refunds may be available in the following circumstances:

Where VITA NOVA LandBank is unable to deliver the specific property allocated to you due to circumstances within our control;
Where a material defect in title is discovered after purchase that was not disclosed or discoverable through our standard due diligence process.

Administrative fees and processing charges may be deducted from refund amounts as specified in your purchase agreement. Refund requests must be submitted in writing to legal@vitanovalandbank.com within the timeframe specified in your agreement.

6. Property Ownership and Documentation

Upon full payment and completion of all required documentation, VITA NOVA LandBank shall facilitate the transfer of the relevant property interest to you through the execution of a Deed of Assignment or such other instrument as may be appropriate. You acknowledge that:

The nature of your interest in the property (whether freehold, leasehold, or otherwise) depends on the underlying title held by the vendor and the applicable state land laws;
Title perfection, including obtaining Governor's Consent where required under the Land Use Act (Cap L5, Laws of the Federation of Nigeria, 2004), is your responsibility unless VITA NOVA LandBank has expressly agreed to handle it on your behalf;
Physical allocation and boundary demarcation will be conducted by our team or accredited surveyors within the timeframe specified in your purchase agreement;
You are responsible for the ongoing maintenance, security, and development of your property after allocation.

7. Intellectual Property

All content on the Platform, including but not limited to text, graphics, logos, images, photographs, videos, software, and the compilation thereof (collectively, "Content"), is the property of VITA NOVA Land Banking Limited or its content suppliers and is protected by Nigerian copyright law and international intellectual property conventions.

You may not reproduce, distribute, modify, create derivative works from, publicly display, or otherwise exploit any Content from the Platform without our prior written consent. The VITA NOVA LandBank name, logo, and all related names, logos, product and service names, designs, and slogans are trademarks of VITA NOVA Land Banking Limited. You may not use such marks without our prior written permission.

8. User Conduct

You agree not to use the Platform for any purpose that is unlawful or prohibited by these Terms. Without limitation, you shall not:

Provide false, inaccurate, or misleading information;
Engage in any activity that could damage, disable, or impair the Platform;
Attempt to gain unauthorized access to any part of the Platform or its related systems;
Use the Platform to facilitate money laundering, terrorist financing, or any other financial crime;
Impersonate any person or entity, or falsely state or misrepresent your affiliation with a person or entity;
Scrape, harvest, or collect information from the Platform using automated means without our written consent.

9. Limitation of Liability

To the maximum extent permitted by applicable law, VITA NOVA Land Banking Limited, its directors, officers, employees, agents, and affiliates shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, use, goodwill, or other intangible losses, arising out of or in connection with:

Your access to or use of (or inability to access or use) the Platform;
Any conduct or content of any third party on the Platform;
Any content obtained from the Platform;
Unauthorized access, use, or alteration of your transmissions or content;
Fluctuations in property values or market conditions.

Our total aggregate liability to you for all claims arising out of or relating to these Terms or the Platform shall not exceed the total amount you have paid to us in the twelve (12) months preceding the event giving rise to the claim.

10. Indemnification

You agree to indemnify, defend, and hold harmless VITA NOVA Land Banking Limited, its directors, officers, employees, and agents from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or in any way connected with your access to or use of the Platform, your violation of these Terms, or your violation of any rights of any third party.

11. Dispute Resolution

In the event of any dispute, controversy, or claim arising out of or relating to these Terms or the Platform, the parties shall first attempt to resolve the matter amicably through good-faith negotiation. If the dispute cannot be resolved through negotiation within thirty (30) days, either party may refer the matter to mediation under the rules of the Lagos Court of Arbitration (LCA).

If mediation fails to resolve the dispute within sixty (60) days of the commencement of mediation proceedings, either party may refer the dispute to binding arbitration under the Arbitration and Conciliation Act (Cap A18, Laws of the Federation of Nigeria, 2004). The arbitration shall be conducted in Lagos, Nigeria, in the English language, and the decision of the arbitrator(s) shall be final and binding on both parties.

12. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria. Subject to the dispute resolution provisions above, you agree to submit to the exclusive jurisdiction of the courts located in Lagos State, Nigeria, for the resolution of any disputes arising under or in connection with these Terms.

13. Severability

If any provision of these Terms is found to be invalid, illegal, or unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. The invalid or unenforceable provision shall be modified to the minimum extent necessary to make it valid and enforceable, while preserving the original intent of the parties.

14. Contact Information

If you have any questions, concerns, or requests regarding these Terms of Service, please contact us at:

VITA NOVA Land Banking Limited
14B Admiralty Way, Lekki Phase 1,
Lagos, Nigeria.
Email: legal@vitanovalandbank.com
Phone: +234 (0) 1 700 0000

Terms of Service