Privacy Policy

This Privacy Policy explains how Equidux, operated by Apel Asset Limited, collects, uses, stores, and protects your personal information when you access our website, mobile application, or investment services.

We are committed to protecting your privacy and handling your data in accordance with the Nigeria Data Protection Act (NDPA) 2023, the Nigeria Data Protection Regulation (NDPR), and other applicable laws in Nigeria.

By using Equidux, you acknowledge that you have read and understood this Privacy Policy. If you do not agree with its terms, please discontinue use of our platform.

We collect information necessary to provide our investment services, comply with regulatory requirements, and improve your experience on the platform. This may include personal identification details such as your full name, date of birth, Bank Verification Number (BVN), National Identification Number (NIN), contact details, and residential address.

We also collect financial information required for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, including source of funds, employment details, investment profile, and transaction history on the platform.

When you use our website or app, we may automatically collect technical data such as device type, IP address, browser information, log files, and usage patterns to maintain security and improve platform performance.

We use your personal data to create and manage your account, verify your identity, process investment transactions, and provide customer support.

Your information helps us comply with obligations under SEC Nigeria regulations, CBN guidelines, and other applicable financial services laws, including reporting requirements and fraud prevention.

We may also use your data to send service-related communications, security alerts, product updates, and—where you have provided consent—marketing communications about Equidux products and services.

We process your personal data based on one or more of the following legal grounds: your consent, the performance of a contract with you, compliance with a legal obligation, and our legitimate interests in operating a secure and effective investment platform.

Where processing is based on consent, you may withdraw that consent at any time. Withdrawal of consent does not affect the lawfulness of processing carried out before withdrawal, nor does it affect processing required by law.

We may share your information with regulators such as the Securities and Exchange Commission (SEC) of Nigeria, the Central Bank of Nigeria (CBN), and other authorised government bodies where required by law.

We may also share data with trusted third-party service providers who assist us in operating the platform, including custodians, payment processors, identity verification partners, cloud hosting providers, and professional advisers. These parties are bound by confidentiality and data protection obligations.

We do not sell your personal data to third parties. Information may also be shared within the Apel group of companies where necessary to deliver the services you request.

We retain your personal data for as long as your account is active and for a reasonable period thereafter, in line with regulatory requirements applicable to fund management and securities services in Nigeria.

Even after account closure, certain records may be retained to comply with SEC, CBN, and tax obligations, resolve disputes, and enforce our agreements. When data is no longer required, we securely delete or anonymise it.

Under the NDPA and NDPR, you have the right to access the personal data we hold about you, request correction of inaccurate information, and request deletion of your data where applicable.

You may also object to or restrict certain processing activities, withdraw consent where processing is consent-based, and request data portability in a structured, commonly used format.

To exercise any of these rights, contact us at [email protected]. We will respond within the timeframe required by applicable law. You also have the right to lodge a complaint with the Nigeria Data Protection Commission (NDPC).

Our website uses cookies and similar technologies to remember your preferences, maintain session security, analyse traffic, and improve user experience.

You can manage cookie preferences through your browser settings. Disabling certain cookies may affect the functionality of some parts of the platform.

We implement appropriate technical and organisational measures to protect your personal data against unauthorised access, loss, misuse, alteration, or disclosure. These include encryption, access controls, secure servers, and regular security reviews.

While we take reasonable steps to safeguard your information, no method of transmission over the internet or electronic storage is completely secure. You are responsible for keeping your login credentials confidential.

Your data is primarily processed and stored within Nigeria. Where we transfer data outside Nigeria—for example, to cloud service providers or international financial infrastructure—we ensure appropriate safeguards are in place as required under the NDPA and NDPR.

Equidux is not intended for individuals under the age of 18. We do not knowingly collect personal data from minors. If we become aware that we have collected data from a person under 18, we will take steps to delete that information promptly.

We may update this Privacy Policy from time to time to reflect changes in our practices, technology, or legal requirements. When we make material changes, we will notify you through the platform or by other appropriate means.

The updated policy will be posted on this page with a revised effective date. Your continued use of Equidux after changes are published constitutes acceptance of the updated policy.

If you have questions about this Privacy Policy or how we handle your personal data, please contact us at [email protected] or write to Apel Asset Limited at 6 Alhaji Bashorun Street, off Norman Williams Crescent, South-West Ikoyi, Lagos, Nigeria.

For data protection enquiries, you may also contact our Data Protection Officer at the same email address with the subject line "Data Protection Enquiry".