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1. Parties: Identification of the financial institution and the customer, including full legal names and contact details
2. Background: Brief context explaining the purpose of the consent form and the financial services/products involved
3. Definitions: Key terms used throughout the document defined for clarity and legal certainty
4. Data Collection Consent: Specific consent for collecting and processing personal and financial information in compliance with NDPR 2019
5. Information Usage Authorization: Details of how the collected information will be used, shared, and stored
6. Financial Product/Service Details: Description of the specific financial products or services being consented to
7. Risk Acknowledgment: Customer's acknowledgment of understanding the risks associated with the financial products/services
8. Rights and Obligations: Outline of both parties' rights and obligations under the agreement
9. Declarations: Customer's declarations regarding the accuracy of provided information and understanding of terms
10. Execution: Signature blocks and date fields for both parties
1. Third-Party Information Sharing: Required when customer information may be shared with third parties beyond regulatory requirements
2. International Transfers: Needed when customer data may be transferred outside Nigeria
3. Credit Checks Authorization: Include when credit checks or credit reporting may be required
4. Marketing Preferences: Optional section for obtaining consent for marketing communications
5. Digital/Electronic Communications Consent: Include when electronic communications or digital services will be used
6. Biometric Data Processing: Required when collecting and processing biometric data
1. Schedule 1 - Data Processing Details: Detailed information about data collection, processing, and storage methods
2. Schedule 2 - Fee Schedule: Breakdown of applicable fees and charges, if any
3. Schedule 3 - Product Terms: Specific terms and conditions for individual financial products/services
4. Appendix A - Privacy Notice: Detailed privacy notice in compliance with NDPR requirements
5. Appendix B - Risk Disclosure: Comprehensive risk disclosures for specific financial products
6. Appendix C - Contact Information: Contact details for data protection queries and customer support
Applicable Laws
Authorized Representative
Banking Services
Biometric Data
Central Bank
Confidential Information
Consent
Customer
Data Controller
Data Processing
Data Protection Laws
Data Subject
Electronic Communication
Financial Institution
Financial Products
Financial Services
Force Majeure
NDPR
Personal Data
Personal Information
Privacy Notice
Regulatory Authority
Sensitive Personal Data
Service Provider
Third Party
Transaction
Working Day
Data Processing
Information Sharing
Confidentiality
Privacy Rights
Third Party Disclosure
Financial Services Authorization
Risk Acknowledgment
Electronic Communications
Marketing Consent
Regulatory Compliance
Amendments
Withdrawal of Consent
Liability
Termination
Governing Law
Data Security
Cross-Border Transfers
Record Keeping
Dispute Resolution
Force Majeure
Severability
Access Rights
Data Retention
Banking
Financial Services
Insurance
Investment Management
Microfinance
Financial Technology
Digital Payments
Wealth Management
Consumer Finance
Corporate Banking
Legal
Compliance
Risk Management
Customer Relations
Operations
Data Protection
Account Management
Regulatory Affairs
Customer Onboarding
Branch Operations
Privacy
Compliance Officer
Legal Counsel
Risk Manager
Data Protection Officer
Financial Services Manager
Customer Relations Manager
Operations Manager
Account Manager
Banking Officer
Privacy Officer
Regulatory Affairs Director
Customer Onboarding Specialist
Financial Services Consultant
Branch Manager
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