Terms

 

Introduction to General Terms and Conditions

These General Terms & Conditions apply to Nigerian registered customers betting on events.

NairaStake Entertainment is a registered private limited liability company with Registration Number RC920565 based in Nigeria. We provide an exchange (the 'Exchange') for betting transactions conducted between our customers which is accessible either online (the 'Website' facility) or by telephone (the 'Telephone Betting Service'). We may offer other gambling services from time to time ('Non-Exchange Gambling Services') in which case unless otherwise stated, these terms and conditions (the 'Terms and Conditions') will apply to such Non-Exchange Gambling Services in the same manner as they apply to bets struck through the Exchange as described below. we do not accept bets ourselves, but we provide our customers with an automated facility for the placing of bets with each other. In return for this service, we take a commission from each customer's net winnings on an individual betting market ('Market') which is deducted from funds held by customers in Trust and paid to us. 'NairaStake Entertainment' and the NairaStake Entertainment logo are registered trade marks of NairaStake Entertainment , the parent company of NairaStake Entertainment. In these Terms & Conditions references to 'we', 'us', 'our' and any similar expression shall include the Company and/or, NairaStake Entertainment and (to the extent required where these terms are incorporated by reference in any other agreement) any subsidiary of NairaStake Entertainment (other than NairaStake Entertainment (Clients) Limited). This agreement (the 'Agreement') is entered into between us and the customer ('you'). 

You agree and understand that it is a basic condition of betting on our platform, that the conduct of the bet and everything done in connection therewith and all arrangement relating thereto including any decision of the company in enforcement of any of the provisions of this terms and condition shall not be attended by or give rise to any legal relationship, rights duties or consequences whatsoever or be legally enforceable or the subject matter of litigation, but all such arrangements, agreements and transactions are binding in honour only.



EFFECT OF THIS AGREEMENT 

1. By agreeing to these Terms and Conditions and/or by continued use of the Exchange, you are bound by the entirety of this Agreement and by our 'Rules ' and 'Privacy Policy' that are incorporated by reference into these Terms and Conditions. If there is any inconsistency between these Terms and Conditions and any document incorporated by reference, these Terms and Conditions will prevail. 2.If we make significant changes to these Terms and Conditions we will take appropriate steps to bring such changes to your attention (such as by placing a notice of such change on a prominent position on the Website, together with the changed terms and conditions). It is your responsibility to check these Terms and Conditions and the Privacy Policy from time to time to ensure that you agree with them and your continued use of the Exchange will be deemed to be your acceptance of any changes to the Terms and Conditions and Privacy Policy. Any bets matched prior to the time of amendment and notification of the changed terms and conditions will be subject to the pre-existing Terms and Conditions. Any bets matched after the time of amendment and notification of the changed terms and conditions will be subject to the changed terms and conditions. 


YOUR REPRESENTATIONS 
1. You are 18 years of age or over, of sound mind and capable of taking responsibility for your own actions. 
2.You can enter into a legally binding agreement with us and you are the person whose details are provided in connection with your NairaStake Entertainmentregistration or, in the case of legal entities, you are a duly authorised representative of the relevant legal entity. In the event that another person trades on your account you are solely responsible for all their actions whether or not their access was authorised by you and for this purpose you hereby indemnify NairaStake Entertainment and hold NairaStake Entertainmentharmless against all costs, claims, expenses and damages howsoever arising in connection with the use of or access to your account by any third party. 
3.You understand that by using our services you may lose money on bets placed and accept that you are fully responsible for any such loss. 
4.You will not use our services to bet via any means where it is prohibited to do so while located in the jurisdiction in which you are located. In particular, you will not bet or attempt to bet via the Exchange when you are located in the United States of America or such other restricted jurisdictions as the Company may from time to time determine. The availability of the Website does not constitute an offer or invitation by NairaStake Entertainment to use the Exchange in any jurisdiction in which such use is illegal. 
5.You agree it is your responsibility to verify that you are permitted to bet (including to use a person-to-person betting service) in any jurisdiction in which you are located. 
6.You are acting as a principal and not as an agent on behalf of a third party. 
7.You are not an undischarged bankrupt or in a voluntary arrangement with your creditors. 
8.When paying money into the Trust, you warrant that you are authorised to do so. You are making such payments in good faith and will not attempt to reverse a payment made into the Trust or take any action which will cause such a payment to be reversed by a third party, in order to avoid a liability legitimately incurred. 
9.You undertake to use our services for legitimate betting purposes only. In particular you undertake not to (i) engage in any activity which has the purpose or effect of causing damage to or in any way hindering our business operations or generating or increasing a liability on us, including without limitation any tax, levy or duty collecting authority; or (ii) bet on, or manipulate any Market in a manner which we believe has the purpose or effect of adversely affecting the integrity of the NairaStake Entertainment or any Market. 
10.You will not attempt to hack, make unauthorised alterations or introduce any kind of malicious code to the Website by any means. 
11.You will not make offensive comments, use offensive or pornographic material or make potentially defamatory or inflammatory remarks in connection with the forums or any other part of the Website including within your own username or other information contributed to any NairaStake Entertainment site. 
12.You will not attempt to use the Exchange to deliberately transfer money from one NairaStake Entertainment account to another by attempting to match bets on a Market with another customer through collusion. 
13.You will not disguise or interfere in any way with the IP address of the computer you are using to access the Exchange or otherwise take steps to prevent us from correctly identifying the actual IP address of the computer you are using whilst accessing the Exchange. 
14.You agree that you will not access any other NairaStake Entertainment account to use any of our services or products from which you have self-excluded, during the period of any such self-exclusion.


PRIVACY AND INDEMNITY 
1. Below, you may not enquire into the identity of the party or parties with whom we may match your offer for a bet or the party or parties who may accept any offer for a bet that you leave on NairaStake Entertainment. 
2.Any information you send us will be processed in accordance with our Privacy Policy (accessible on the Website or on request). 
3. you explicitly consent to the release of your personal data in accordance with the Data Protection Act 1998 and any other applicable laws. 
4.You agree to indemnify us and hold us harmless in respect of the release of any personal (or other) data pursuant to the terms of this Agreement. 


ACCOUNTS AND PAYMENTS 
Opening an account 
1.Before you are able to start betting on NairaStake Entertainment, we will require you to first register with us. Additionally, you must have placed funds into a trust administered by NairaStake Entertainment. Funds contributed by you to the Trust will be held and administered on, and subject to, the terms of the Trust. NairaStake Entertainment, which is a wholly-owned subsidiary of NairaStake Entertainment.
2.You agree to provide accurate registration information, including without limitation your correct date of birth. You agree to inform us of any changes in such details.
3.You authorise us, at any time, to use any means that we consider necessary to verify your identity and creditworthiness with any third party providers of information. 
4.Registration will be conducted using secure server encryption. 
5.You will inform us as soon as you become aware of any errors with respect to your account or any calculations with respect to any bet you have placed. We reserve the right to declare null and void any bets which are the subject of such an error. 

Confirmation, passwords and telephone account numbers 
1.If you register with us via the Website, upon completion of registration, we will confirm by electronic mail to the address you have supplied that your account is open. 
2.On registration via the Website, you will be required to choose a password for use of the Website. 
3.You agree to keep your username, password strictly confidential and you are responsible for any misuse of your password . Provided that we have been correctly supplied with the account information requested, we are entitled to assume that orders and payments are made by you. You should change your password on a regular basis and never disclose it to any third party. Passwords should contain a mixture of upper and lower case letters and numbers and/or symbols. Passwords are case sensitive and we recommend the use of passwords that combine a combination of non obvious letters and numbers in different cases. This will help to prevent the risk of unauthorised use of your account. You undertake to protect your username and password and any failure to do so shall be at your sole risk and expense. 
4.You agree to inform us at once by electronic mail and by telephone if you believe that your account information is being misused by a third party so that we may suspend your account. 
5.If you are using the Website, we strongly recommend that you disable any automatic password memory in your browser prior to use and that you run appropriate anti-spyware, firewall and virus protection on your computer on a regular basis. 

Contribution of Funds and Operation of Trust
1.To open an account you need to contribute funds into the Trust which will be held by the Trustee(NairaStake Entertainment) on your behalf by way of security to meet any payment obligations you may incur as a result of placing offers for bets or accepting offers to bet on our Exchange. Details of how to make payments into the Trust and of the manner in which the Trust is operated are set out in the Deposit/Withdrawal section on our website. 
Exposure management 
1.Your betting limit is represented by your 'balance' determined in accordance with the terms of the Trust. 
2.Once the outcome of a bet is determined, the winnings (less commission) will be held by the Trustee for the use of the winner of the bet. 


USE OF NAIRASTAKE ENTERTAINMENT'S SERVICES 
1.NairaStake Entertainment Exchange carries offers for bets that remain available for acceptance by you at any time. These can either be viewed on the Website or be communicated to you by a NairaStake Entertainment mobile service. We provide our customers with the following help facilities:

  • on the 'Contact us' section of the Website itself;

  • by email and by telephone with our customer helpdesk; and

  • by telephone with our mobile wap Betting Service. However, you are responsible for understanding the contents and operation of our Exchange. We reserve the right to change the format of the services we offer in order to enhance such services and we reserve the right to record ALL telephone calls to NairaStake Entertainment and to monitor all information relating to betting on customers accounts for which purposes you consent.

We may determine, at our discretion, when the NairaStake Entertainment Exchange is open for the placing of bets and, though we will at all times use reasonable endeavours to settle Markets as quickly as possible, we give no assurances as to the timeframe in which Markets will be settled. We may determine, at our discretion, to take steps to block you from placing bets via the Exchange if you are located in certain jurisdictions.

OFFERS FOR BETS 
1.Any offer for a bet that you make will refer to a Market available on NairaStake Entertainment and will include the Odds or Price at which you are prepared to Back, Lay, an outcome and the maximum amount of money you are prepared to stake. 
2.You agree to appoint the Company as your agent: (i) for the communication of your orders for bets; and (ii) for receipt of communications of acceptance of your orders for bets.
3.An offer for a bet is open for acceptance by our other customers, either as individuals or as combinations of individuals using our Exchange, for so long as those customers comply with these Terms and Conditions. 
4. you do not bet with the Company, but only with other customers who use our service. You offer to bet at the Odds or Price you select or at better Odds or a better Price, which may be higher or lower, depending on whether you are Backing or Laying an outcome, without increasing your exposure, if that is to your advantage.
An offer for a bet that you make on NairaStake Entertainment remains open for acceptance by any of our customers (unless properly cancelled by you in accordance with NairaStake Entertainment complete Exchange). You may not nominate individuals to be counterparties to any of your offers for bets. 
5.Your offer for a bet may be posted on NairaStake Entertainment in isolation or in combination with other offers for bets on the same Market. We will not identify you to our other customers as the originator of the offer unless required to do so by law or otherwise in accordance with the provisions of our Privacy Policy. 
6.Your offer will only be valid and open for acceptance if it is made in accordance with our Terms and Conditions. We reserve the right to refuse to post your offer on our Exchange without giving prior notice. 7.If we allow you to make an offer for a bet and subsequently suspect that you are or were, at the time of making the offer, in breach of this Agreement, we may, at our absolute discretion, withdraw your offer from our Exchange, void any bets outstanding to your account and terminate your account. 
8..You are entirely responsible for the information that you provide us concerning the offer that you wish to place. We will not enquire into the reasonableness of any offer that you may make. We will not be liable for incorrect entries made by you on the Website, including data input errors with respect to the Odds, Price or stake on offer. 
9.Once you have confirmed that you wish to place a particular order for a bet, you agree to leave the offer for that bet open for acceptance, subject to termination of the offer by us or your valid cancellation of the offer. 
10.Once your offer for a bet is accepted, you will not be able to change the terms of your offer even if you had intended to cancel your offer but failed to do so or the message to us to cancel your offer was not received and processed by the Exchange before the bet was accepted. 
11.We may determine, at our absolute discretion, when our Exchange is open for the posting of offers for bets on any particular Market and may close the Exchange at any time at our absolute discretion. 
12.In the interests of maintaining integrity and fairness in the Markets we may, at our sole and absolute discretion, decide to suspend betting on a Market earlier than anticipated by our Rules and Regulations and/or void certain bets or a Market in its entirety. Notwithstanding any statement to the contrary in these Terms and Conditions.


ACCEPTANCE OF BETS 
1.You may use the Website or the mobile wap Betting Service to accept offers for bets that are available for acceptance on our Exchange. You can obtain details of what offers for bets are available by visiting the relevant Market on the Website. 
2.While we will attempt to ensure that offers for bets are correctly displayed and are effectively outstanding, we do not guarantee that every offer displayed as outstanding on the Website will be available for your acceptance. All or part of the offer of a bet displayed on the Website as available on the Exchange at specific Odds or Price may be successfully cancelled by one or more counterparties before your acceptance is processed by the Exchange. In this case, the offer for a bet will be withdrawn before your acceptance of that offer is acknowledged. Your failed attempt to accept the bet formerly on offer will however be posted as a new offer available for acceptance by other customers.
3. when you accept an offer to bet as posted on the Exchange, you are not betting with the Company but with other customers who use NairaStake Entertainment.
4.Once you have accepted an offer to bet, you will not be allowed to change the terms of that bet or cancel or withdraw from that bet.
5.Acceptance of an offer for a bet, once received by us, concludes the bet. 
6.We will attempt to match your order on your behalf with offers to bet made on our Exchange so that you will receive either the Odds or Price that you have requested or better Odds or a better Price, which may be higher or lower, depending on whether you are Backing or Laying without increasing your exposure, if that is to your advantage. 
7.We will display all accepted bets on the 'Current Bets' page on the Website. 
8.You are able to check on the 'Current Bets' page on the Website .
You may only accept offers to bet using our Exchange in accordance with the 'Rules '. We will not recognise any unsurported acceptance made by means other than either

  • online, by completing the betting slip for the relevant bet on the Website or

  • if you are using the mobile wap Betting Service.


TERMS APPLICABLE TO ALL BETS 
Cancellation, Termination, Suspension and breach
1.Without restricting our ability to rely on other remedies that may be available to us, we may restrict your access to the NairaStake Entertainment Exchange, suspend or terminate your account in our absolute discretion without cause at any time, including (without limitation) if: (i) we suspect that you are engaging in illegal or fraudulent activity while using our Exchange; (ii) we suspect you are breaching any term of this Agreement; (iii) we suspect you are acting in a manner that is detrimental to the conduct of our business or which may result in legal liability for you, for the Company or for third parties; In addition, if formally requested by the Police, gambling regulators, Insolvency Service or taxation authorities or in the event that you fail to provide us with sufficient information to identify yourself in accordance with our own internal procedures. we may suspend your account and all functionality relating to the use of your accounts (e.g. bet management and cash withdrawal) and withhold from you any funds in your account pending determination of any criminal or other legal proceedings or investigation to which such a request may relate or until you provide the necessary 'know your client' or 'age verification' information. 
2.Irrespective of whether we suspend or terminate an account and notwithstanding any other provisions in these Terms and Conditions, we may decide to cancel and void any outstanding or matched bets if required by law or at our absolute discretion where (i) there is a technological failure; or (ii) we suspect that you or another customer with whom you have bet have (or may have) breached any term of this Agreement; or (iii) we have the right to do so as set out in our Rules and Regulations. In relation to any cancelled or void bets, we reserve the right to take any money from your account relating to these bets or, if there are insufficient funds in your account, demand that you pay us the relevant outstanding amount relating to these bets. 
3.You may suspend or terminate your account at any time upon notice to NairaStake Entertainment. 
4.On termination or suspension of your account, in most cases we will return any funds in your account to you. However, we reserve the right to withhold the funds in your account from you pending the determination of any investigation (including any relevant external investigation): (i) where we suspect you have acted in breach of any term in this Agreement, including (but not limited to) where we suspect the account has been linked with fraudulent or dishonest activity; or (ii) where we have to withhold the funds in your account by law or to comply with any advice, request or instruction from any governmental, regulatory or enforcement authority . Following the determination of any such investigation we reserve the right to seize the funds in your account should we be satisfied that you have acted in breach of this Agreement. We will deal with any funds seized in this manner at our sole and absolute discretion. 
5.For the avoidance of doubt at no point during any such period when we have witheld your funds will interest accrue to you on such funds. 
Applicable thresholds: Minimum and maximum amounts 
1.You may only place orders with a minimum stake of $50 in Odds betting. These minimum bet sizes are subject to change and may differ depending on whether you are using the Website or the mobile Betting Service. 
2.You may not make any offer for a bet or accept a bet that results in your Current Exposure exceeding the lesser of: (i) your Available to Bet balance. 
3.In the event that we inadvertently process an offer for a bet or the acceptance of a bet in an amount outside the applicable thresholds, such bet will nevertheless stand and be subject to the other terms of this Agreement. 

Nature of bets 
1.You acknowledge that all bets placed on the Exchange by you, are actually a combination of one or more fixed odds bets. The exact combination of odds is shown in the betting slip. 
2.You accept that you consider yourself to be adequately informed of your possible exposure, if using the Website, by the details given on the betting slip (if you are in any doubt about this, you should consult with the relevant 'How to bet' demo under the 'learn more' section on the Home Page before proceeding). 
3.You accept that any amounts lost by you under any bet shall not under any circumstances be recoverable from the Company. 

Bet Settlement 
1.We will settle Markets in accordance with our 'Rules '. We reserve the right to reverse or amend settlement in the event of a Market being settled incorrectly. This may lead to amendments being made to your balance to reflect changes in Market settlement and if there are insufficient funds in your account we may demand that you put funds into your account to address the outstanding balance. Any amount of winnings or losses relating to your bets on a Market will be rounded to the nearest two decimal places. If the amount ends in 0.005 it will be rounded up. 
2. We reserve the right to void bets which were placed at ABNORMAL odds and promptly accepted erroneously by the system. Liabilities/Stakes of such bets would be returned whether won or lost. NairaStake Entertainment decides in absolute discretion odds that fall within the category of ABNORMAL odds and reserves the right to reverse such odds to unity.
3. Events are only open for betting before the sheduled kick-off time. In a situation where(owing to a system failure) an event stays on the system as a yet to kick-off event, even after the sheduled kick-off time, we reserve the right to void all bets placed after such time as they would be considered illegal. All bets placed after such time would be voided whether won or lost and funds reversed to all associated accounts. The above equally includes events that get stuck while streaming live and which fail to update odds/prices associated with them in real-time. 



Illegal Transactions 
An illegal transaction is a transaction that incurs fraudlent liabilities on NairaStake Entertainment LTD and are enumerated below:
1. A customer is not allowed to DUPLICATE betting accounts for ANY PURPOSE whatsoever including but not limited to the purpose of taking undue advantage of our bonus offers. Bonus wins obtained from similar OR connected betting accounts are voided. Withdrawals made with such wins would be voided and the bonus wins removed.
2. Customers are not allowed to place similar transactions on same markets. This includes but not limited to same accumulations with same selections, Backing an outcome and Laying same with a single account or different but similar accounts.
3. Accumulations of 20-folds and above on same market may not be accepted. The acceptance of such bets is exclusively at our discretion. For instance, a 20-fold bet built with 1st half handicap selections from different markets may be considered illegal and promptly voided.
4. A customer is required to ensure that bank accounts withdrawn into tally with First and Last names with which the customer is registered with us. In situations where several bank accounts bearing different names are withdrawn into from one account OR the same bank account is withdrawn into from several accounts, We may in our ABSOLUTE DISCRETION seize funds accrued from such transactions OR reset balances of the affected accounts to the most recent deposits.
5. We may at anytime demand you produce certificates/ID cards proving your ownership of the name with which you are registered with us, and should you fail to properly proove your ownership of the name with which you registered with our services, we may involve law enforcement agencies and treat your transaction with us as a case of identity fraud.


COMMUNICATIONS AND NOTICES 
Communications and notices to be given under this Agreement (other than those exchanges of information occurring in the normal operation of the site) should be sent to us in the manner prescribed in the 'Contact us' pages (accessible on the Website). 

THE COMPANY
Commission and payment structure
We provide you with a platform which enables you to place bets, in consideration of which we will be paid a commission. The commission (which is subject to variation by Market type) is calculated on your net winnings on a Market. In the event that you have net losses on a Market, no commission will be deducted. The amount of commission charged on a Market will be stated in the Rules/Fees for the Market and NairaStake Entertainment reserves the right to amend this from time to time. If you place more than a specified number of transactions on the NairaStake Entertainment Exchange you may also be charged a transactional fee. We will use reasonable endeavours to inform you if your activity incurs a transactional fee. If you make more than a specified number requests for NairaStake Entertainment data you may also be charged a data request fee. We will use reasonable endeavours to inform you if your activity incurs a data request fee. Again we will use reasonable endeavours to inform you if your activity incurs a premium charge. In these Terms and Conditions, references to 'Fees' shall include commission, transactional fees , data request fees , the premium charge , and any other payments levied by NairaStake Entertainment on customers from time to time. For further information on Fees see 'Fees Charges' in the 'About Us' section of the Website and you shall be bound by these. We reserve the right to amend our policy on Fees from time to time. 

Indemnity 
1.You agree to indemnify and hold us and our associated companies, affiliates, officers, directors, agents and employees harmless from any liabilities, claims, losses or demands made by any third party arising out of your breach of this Agreement including documents incorporated by reference into this Agreement or out of your violation of any law or the rights of any third party. 
2.You acknowledge that the Company, NairaStake Entertainment and its subsidiaries will hold information with respect to your identity, including but not limited to your name, address and payment details. You agree that we rely on this information in entering into this Agreement with you and you agree to hold us harmless against any falsehood or inaccuracy contained in the information you provide us. Matters beyond our reasonable control 
3.We are not liable for any loss or damage that you may suffer because of any: act of God; power cut; trade or labour dispute, act, failure or omission of any government or authority; obstruction or failure of telecommunication services; or any other delay or failure caused by a third party. In such an event, we reserve the right to cancel or suspend our services without incurring any liability. 
4.We are not liable for the failure of any equipment or software howsoever caused, wherever located or administered, or whether under our direct control or not, that may prevent the operation of our betting services, impede the placing of orders for bets or the matching of bets, or prevent you from being able to contact us. In particular you should be aware that if you place a bet with the intention of subsequently placing a separate bet to reduce the liability incurred by the initial bet, there can never be a guarantee that the Exchange will be available at the point you wish to place the subsequent bet. 
5.We are not liable for the acceptance or settlement of any offers for bets where we do not receive communication of that acceptance or where we are unable to display that bet in the 'My account' pages of our Website or we have not received your instruction to cancel an offer for a bet or, for any reason, we fail to process any instruction in good time. 
6.We will not be liable for any failure to perform by a third party to our Agreement.

Limitation of liability 
1.We exclude all representations and warranties as to the Exchange's satisfactory quality and/or fitness for its intended purpose. 
2.We will not be liable to you for any loss that you may incur as a result of misuse of your password, or in the case of the mobile Betting Service, and we accept no liability resulting from its unauthorised use, whether fraudulent or otherwise. 
3.In no event will we, or any of our suppliers, accept any liability however arising for any losses you may incur as a result of placing bets or otherwise by your use of the Exchange or our services. Under no circumstances will our liability under these Terms and Conditions or for breach of contract, tort, equity or otherwise exceed your maximum permitted exposure . Under no circumstances will we be liable for any indirect, special or consequential damages, loss of profits (direct or indirect) or the benefit of any bet arising from breach of contract, negligence, equitable duty (including for the avoidance of doubt in relation to any bet(s) or Market(s) voided by us) or other liability even if we had been advised of or known (or should have known) of the possibility of such damages or loss. 
4.Nothing in these Terms and Conditions excludes our liability with respect to death and personal injury resulting from our negligence, or that of our employees, agents or subcontractors. 

Gambling by those under age
1.If we are notified that you are under 18 or were under 18 when you placed any offers for bets through the Exchange ('under age'): (i) we will immediately prevent you placing any further bets or making any withdrawls from or use of your account; (ii) we will investigate the claim that you are or were under age, including whether in fact you have been betting as an agent for or at the behest or on behalf of another person; (iii) if having found that you are or were under age, we will retain all winnings which have accrued and remain in your account or which are otherwise due to be credited to your account; (iv) you must pay to NairaStake Entertainment all winnings gained from betting through the Exchange whilst under age on demand. Should you not comply with this duty we will seek to recover from you or to set off against any stakes placed by you any winnings paid to you as a result of bets placed though the Exchange together with the costs of such recovery. Any sums recovered will belong to NairaStake Entertainment; and (v) we will not return to you any Fees paid by you in respect of bets made whilst you were under age. 

Right of set off 
We may at any time, without notice to you, set off any liability owed to us or to our customers by you, including (without limitation) in relation to any NairaStake Entertainment account in your name or which we believe to be under your control; against any funds held in another NairaStake Entertainment account in your name or which we believe to be under your control. 

Intellectual property 
NairaStake Entertainment and the NairaStake Entertainment logo are registered trade marks of NairaStake Entertainmentand NairaStake Entertainment is the sole owner of the same. Any unauthorised use of the NairaStake Entertainment trade marks may result in prosecution. www.nairastake.com is the uniform resource locator ('URL') of our Company and no unauthorised use may be made of this URL (or any other URL owned by us) on another website or digital platform without our prior written consent. You agree to assign to NairaStake Entertainment any intellectual property rights (including copyright) in any bets placed by you on the Exchange. NairaStake Entertainment owns all rights in any price data and related content on the Exchange. Your registration and use of our Exchange confers no rights whatsoever to the content and related intellectual property rights contained in our Exchange. You agree not to monitor, use or copy our web pages or any content on the Exchange, including without limitation any price data. Any unauthorised use or reproduction may be prosecuted. Any data licensed to NairaStake Entertainment from third parties is provided for use on the Website only and may not be used for any commercial purposes without the consent of such third parties. 

Assignment 
You may not assign any part of this Agreement without NairaStake Entertainment's written consent but NairaStake Entertainment may assign this Agreement to its subsidiaries without notice to you. Information Services 
NairaStake Entertainment shall not be liable for any action taken by you as a result of your relying on any information from third parties or for any loss or damage suffered by you as a result of you using such information or any third party website linked to from NairaStake Entertainment. Any links from the Website to third party websites do not constitute an endorsement by NairaStake Entertainment of any products or services available on such websites. You use such websites at your own risk and NairaStake Entertainment takes no responsibility for the content on, or use of, such websites. 

NairaStake Entertainment Forum 
From time to time NairaStake Entertainment may provide you with access to an online chat forum (the 'NairaStake Entertainment Forum'). If you use the NairaStake Entertainment Forum you agree to be bound by any NairaStake Entertainment Forum Terms and Conditions which may appear on the Website from time to time. The NairaStake Entertainment Forum terms and conditions are incorporated into these Terms and Conditions by reference. We shall not be liable to you for any defamatory postings made by you or in relation to you. You agree to indemnify NairaStake Entertainmentagainst loss suffered by NairaStake Entertainment or NairaStake Entertainment or any NairaStake Entertainmentsubsidiary company as a result of any NairaStake Entertainment Forum posting made by you. You grant NairaStake Entertainment an irrevocable, perpetual license to all forum postings by you to use or reproduce for any purpose whatsoever. 

Exchange Access 
These Terms and Conditions apply to you, through whatever means you access the Exchange. 
You agree to accept any other NairaStake Entertainment terms and conditions giving you access to the Exchange, including those relating to NairaStake Entertainment Mobile . Any such terms and conditions are incorporated by reference into these Terms and Conditions. 
SEVERABILITY 
In the event that any provision of these Terms and Conditions is deemed by any competent authority to be unenforceable or invalid, the relevant provision shall be modified to allow it to be enforced in line with the intention of the original text to the fullest extent permitted by applicable law. The validity and enforceability of the remaining provisions of these Terms and Conditions shall not be affected. 

DISPUTE RESOLUTION/ARBITRATION CLAUSE
In the event of any dispute arising between us and you respecting any dispute over any claims or proper interpretation or application of these terms and conditions or any decision of the company taken pursuant to these terms and condition, you shall first report to our customer service staff for resolution; where the customer service staff could not resolve it, our senior management staff or the board of directors shall attempt to resolve it. Where our senior management staff or the board of directors could not resolve it. You must refer the dispute for arbitration in accordance with Arbitration and Conciliation Act Cap A18 Laws of Federation of Nigeria 2004. The arbitrator shall be any relevant betting industry regulator or independent betting dispute body that is recognized by Nairastake Entertainment Ltd. This reference to arbitration and the delivery of an award by the arbitrator shall be a condition precedent to any further step to be taken by you, including institution of any action by you.



BONUSES/FREE MONEY 
From time to time, we would initiate/run promotions which would allow you to get free unwithdrawable money which exclusively serves for betting purposes. 
1. This money can only be used for trading purposes and cannot be withdrawn. You can however withdraw whatever profit you make with this FREE MONEY.
2. In other to prevent possible fraudlent transactions by use of our free money, we reserve the right to reduce your available money(Which represents the amount you can withdraw) at anytime we load your account with our free money. Your available money would however increase steadily as you trade with our free money if and only if you record profits/winnings.
3. Anytime you attempt to withdraw all or some parts of your available/withdrawable money, we reserve the right to clear the bonus money attached to your account at the time of that withdrawal.
4. You agree to the fact that the bonus/free money belongs to us and we reserve the right to deny you access to it or remove it from your account at our discretion. 

GENERAL 
This Agreement is governed by the laws of Nigeria. 
The courts of Nigeria have exclusive jurisdiction in relation to all disputes under this Agreement. 
In the event of any differences between the English version of the Terms and Conditions (accessible from the homepage of www.nairastake.com) and this version, the English version shall prevail. This Agreement and the terms expressly incorporated into it constitute the entire and only agreement between the parties with regards to its subject matter and each party confirms that it has not been induced to enter into this Agreement in reliance upon, nor has it been given, any warranty (including in particular any warranty as to merchantability, fitness for purpose or uninterrupted functionality), representation, statement, assurance, covenant, agreement, undertaking, indemnity or commitment of any nature whatsoever other than as are expressly set out in this Agreement and, to the extent that it has been, it unconditionally and irrevocably waives any claims, rights or remedies which it might otherwise have had in relation thereto. No failure or delay by a party to exercise any of its rights under this Agreement shall operate as a waiver thereof and no single or partial exercise of any such right shall prevent any other or further exercise of that or any other right. 




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