These are the terms and conditions you must agree to prior to using our services.

This Terms of Service (“Agreement”) is a contract between you CrowdPenny that applies to your use of the CrowdPenny service and any related products and services (“Service”) available through CrowdPenny.com (“Site”).

In this Agreement, “you” or “your” means any person or entity (“Users”) using the Service. Unless otherwise stated, “CrowdPenny “, “we” or “our” will refer collectively to CrowdPenny or its owners, its officers, directors, agents, subsidiaries, joint ventures, employees and suppliers.


All users of this site agree that access to and use of CrowdPenny website is subject to the following terms and conditions and other applicable laws. If you do not agree to these terms and conditions, please do not use this site. If after disagreeing and then proceed to use the service, we shall not be liable for any damages that may arise from your use of our website.

Disclaimer: You understand that it is your responsibility to ensure the privacy, completeness, accuracy of your membership. We are not liable or responsible for any accounts created using our services, and we give no representations or warranties, express or implied, that the account created using our service are complete, accurate, free from errors or omissions.

CrowdPenny is a crowdfunding platform for individuals and businesses. We DO NOT accept or allow the following: Gambling, Adult content (porn, soft porn, sites with adult ad’s), Pharmacy (Cheap drugs, Viagra, male/female enhancement, etc.), Hate, Link Farms or Spam Sites. We do not permit individuals/businesses involving explosives, arms, ammunitions, deadly chemicals, weapons, and superstitious services, as well as other products or services considered morally, religiously, socially, or health-wise wrong. We have the discretion to cancel your membership at once if we find out without first informing you. We do not need to explain our decision or reasons if we reject or cancel or remove any member from our CrowdPenny.

Email Opt-in Policy

When using our various platforms (Websites, Blogs, Apps) you will be opted in to receive email updates from us. You may unsubscribe at anytime by sending an email with the subject “UNSUSCRIBE ME” to crowdpennyoffice@gmail.com or use the unsubscribe link below in the emails we send to you from time to time.


The entire content included in this site, including but not limited to concept, design, texts, graphics or code is copyrighted as a collective work under the Federal Republic of Nigeria, United States, and other copyright laws, and is the property of CrowdPenny, Copyright ©2014. ALL RIGHTS RESERVED. Permission is granted to electronically copy and print hard copy portions of this site for the sole purpose of using the website service or purchasing our services. Any other use, including but not limited to the reproduction, distribution, display or transmission of the content of this site is strictly prohibited, unless authorized by CrowdPenny. You further agree not to change or delete any proprietary notices from materials from the site.


All trademarks, service marks and trade names of CrowdPenny used in the site are trademarks or registered trademarks of CrowdPenny.

Warranty Disclaimer

This site and the services, contents, materials, and products on this site are provided “as is” and without warranties of any kind, whether express or implied to the fullest extent permissible pursuant to applicable law. CrowdPenny disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability and fitness for a particular purpose and non-infringement. CrowdPenny does not represent or warrant that the functions contained in the site will be uninterrupted or error-free, that the defects will be corrected, or that this site or the server that makes the site available are free of viruses or other harmful components. CrowdPenny does not make any warrantees or representations regarding the use of the materials in this site in terms of their correctness, accuracy, adequacy, usefulness, timeliness, reliability or otherwise.

Limitation of Liability

CrowdPenny shall not be liable for any special or consequential damages that result from the use of, or the inability to use, the services and products offered on this site, or the performance of the services and products.

Typographical Errors

In the event that a CrowdPenny service or product is mistakenly listed at an incorrect price, CrowdPenny reserve the right to refuse or cancel any orders placed for service or product listed at the incorrect price. CrowdPenny reserves the right to refuse or cancel any such orders whether or not the order has been confirmed and your credit card or accounts (including bank account, PayPal, online accounts) charged. If your account has already been charged for the purchase and your order is cancelled, CrowdPenny shall issue a credit to your account in the amount of the incorrect price.

Term; Termination

These terms and conditions are applicable to you upon your accessing the site and/or completing the registration or membership process. These terms and conditions, or any part of them, may be terminated by CrowdPenny without notice at any time, for any reason. The provisions relating to Copyrights, Trademark, Disclaimer, Limitation of Liability, Indemnification and Miscellaneous, shall survive any termination.


CrowdPenny may deliver notice to you by means of e-mail, a general notice on the site, or by other reliable method to the address you have provided to CrowdPenny.


CrowdPenny offers the following guarantee. If you purchase the CrowdPenny Plans and for some reason you decide that you would like a refund, there shall be no guarantee. But base on the circumstances, we may permit you 5 days to request a refund.


Your use of CrowdPenny shall be governed in all respects by the laws of the Federal Republic of Nigeria, without regard to choice of law provisions, and not by the 1980 U.N. Convention on contracts for the international sale of goods. You agree that jurisdiction over and venue in any legal proceeding directly or indirectly arising out of or relating to this site (including but not limited to the purchase of CrowdPenny products or services) shall be in the state or federal courts located in Federal Capital Territory, Abuja. Any cause of action or claim you may have with respect to the site (including but not limited to the purchase of CrowdPenny services or products) must be commenced within one (1) month after the claim or cause of action arises.

CrowdPenny’s failure to insist upon or enforce strict performance of any provision of these terms and conditions shall not be construed as a waiver of any provision or right. Neither the course of conduct between the parties nor trade practice shall act to modify any of these terms and conditions. CrowdPenny may assign its rights and duties under this Agreement to any party at any time without notice to you.

Use of Site

Harassment in any manner or form on the site, including via e-mail, comments, posts, chat, or by use of obscene or abusive language, is strictly forbidden. Impersonation of others, including a CrowdPenny or other licensed employee, host, or representative, as well as other members or visitors on the site is prohibited. You may not upload to, distribute, or otherwise publish through the site any content which is libelous, defamatory, obscene, threatening, invasive of privacy or publicity rights, abusive, illegal, or otherwise objectionable which may constitute or encourage a criminal offense, violate the rights of any party or which may otherwise give rise to liability or violate any law. You may not upload commercial content on the site or use the site to solicit others to join or become members of any other commercial online service or other organization.

Participation Disclaimer

CrowdPenny does not and cannot review all communications and materials posted to or created by users accessing the site, and are not in any manner responsible for the content of these communications and materials. You acknowledge that by providing you with the ability to view and distribute user-generated content on the site, CrowdPenny is merely acting as an intermediary for such distribution and is not undertaking any obligation or liability relating to any contents or activities on the site. However, CrowdPenny reserves the right to block or remove communications or materials that it determines to be (a) abusive, defamatory, or obscene, (b) fraudulent, deceptive, or misleading, (c) in violation of a copyright, trademark or; other intellectual property right of another or (d) offensive or otherwise unacceptable to CrowdPenny in its sole discretion.


You agree to indemnify, defend, and hold harmless CrowdPenny, its officers, directors, employees, agents, licensors and suppliers (collectively the “Service Providers”) from and against all losses, expenses, damages and costs, including reasonable attorneys’ fees, resulting from any violation of these terms and conditions or any activity related to your account (including negligent or wrongful conduct) by you or any other person accessing the site using your Internet account.

Third-Party Links

In an attempt to provide increased value to our visitors, CrowdPenny may link to sites operated by third parties. However, even if the third party is affiliated with CrowdPenny, CrowdPenny has no control over these linked sites, all of which have separate privacy and data collection practices, independent of CrowdPenny. These linked sites are only for your convenience and therefore you access them at your own risk. Nonetheless, CrowdPenny seeks to protect the integrity of its website and the links placed upon it and therefore requests any feedback on not only its own site, but for sites it links to as well (including if a specific link does not work).

Anti-Money Laundering and Counter Terrorist Financing Policy
CrowdPenny will carry out due diligence on our members and ensure that all applicable laws and regulations necessary to forestall and prevent money laundering. These include confirming the identity of members by means including but not limited to:

-Government-issued photo ID or Number
-Proof of residential or business address
-Business registration information
-Any other applicable documentation

We reserve due rights to carry out these checks without first informing you or needing additional approval. CrowdPenny reserves the right to withhold cashouts of members and from their successful investments when suspicion arise that it may be connected to money laundering, criminal activity or any other predicate offence to money laundering. We may even be forced to request a refund of any money that members have received beforehand from the platform.

Where CrowdPenny receives, during registration, documentation, payment, or at any other times, deceptive documentation, contact details, business description or other false information, or similar falsehood, CrowdPenny will terminate the account belonging to the offending member. CrowdPenny is legally bound to report false documentations and processing to relevant authorities, and as such the subject, business and its owners may be the subject to a criminal investigation.

CrowdPenny Counter-Terrorism Financing Statement (CTF)
CrowdPenny will conduct verification through available worldwide databases using information collected during registration and verification stages of our services. We will comply with the EFCC (economic & financial crime commission) requirements, as contained in the Economic and Financial Commission Act 2004, global sanctions reports and government watch lists on screening processes. Individuals or groups must comply when required to submit additional information for carrying out the about processes.

Last Edited on 2016-03-17