Privacy Code

We respect your privacy.

Introduction 

 

IBILE Microfinance Bank Limited (IBILE MFB) is committed to keeping its customers’ information accurate, confidential, and secure. The IBILE MFB  Privacy Code reflects this commitment.

This Privacy Code is based on the Nigeria Data Protection Bureau compliance document which can be found here.

IBILE MFB passed the recent audit conducted by the Nigeria Data Protection Bureau in 2021. Please find link to compliance certificate as issue to the bank by The National Information Technology Development Agency (NITDA). This claim can be verified here.

 

Personal Data

 

Under the Nigeria Data Protection Regulation, personal data is defined as:

“Any information relating to an identified or identifiable natural person (‘data subject’); an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person”.

Who Is Responsible for Your Personal Information?

 

IBILE Microfinance Bank Limited is your data controller and is responsible for processing your personal information described in this Privacy Policy.IBILE Microfinance Bank Limited uses the personally identifiable information you provide to communicate with you in response to your enquiries, to provide the services you request, and to manage your account. Any personally identifiable information gathered by IBILE Microfinance Bank Limited will be used for these purposes only. We will not disclose or divulge such data outside of IBILE Microfinance Bank Limited, other than to third party providers that assist us in providing the services. IBILE Microfinance Bank Limited does not share, sell, rent or trade personally identifiable information with third parties for their promotional purposes.

Why does IBILE Microfinance Bank Limited need to collect and store personal data?

 

In order for us to provide you with a service, we need to collect personal data. When you sign up for any IBILE Microfinance Bank Limited Online Solution or other IBILE Microfinance Bank Limited service or promotion that requires registration, we ask you for personal information (such as your name, email address and an account password). For certain services, such as our payment services, we require your debit or credit card information. We typically do not store this information and when we do, we maintain the data in encrypted form on secure servers. We may combine the information you submit under your account with information from other IBILE Microfinance Bank Limited services or third parties in order to provide you with a better experience and to improve the quality of our services. In any event, we are committed to ensuring that the information we collect and use is appropriate for this purpose, and does not constitute an invasion of your privacy.
In terms of being contacted for marketing purposes IBILE Microfinance Bank Limited would contact you for additional consent.

Will IBILE Microfinance Bank Limited share my personal data with anyone else?

 

IBILE Microfinance Bank Limited only shares personal information with other companies or individuals in the following limited circumstances:

  • We have your consent. We require consent for the sharing of any sensitive personal information
  • We provide such information to our subsidiaries, affiliated companies or other trusted businesses or persons for the purpose of processing personal     information on our behalf. We require that these parties agree to process      such information based on our instructions and in compliance with the Nigeria Data Protection Regulation and any other appropriate confidentiality          and security measures.
  • We have a good faith belief that access, use, preservation or disclosure of such information is reasonably necessary to (a) satisfy any applicable law,     regulation, legal process or enforceable governmental request, (b) enforce applicable Terms of Service, including investigation of potential violations thereof, (c) detect, prevent, or otherwise address fraud, security or technical issues, or (d) protect against imminent harm to the rights, property or safety of IBILE Microfinance Bank Limited , its users or the      public as required or permitted by law.
  • If IBILE Microfinance Bank Limited becomes involved in a merger, acquisition, or any form of sale of some or all of its assets, we will provide notice before personal information is transferred and becomes subject to different privacy policy.

How will IBILE Microfinance Bank Limited use the personal data it collects about me?

 

IBILE Microfinance Bank Limited will process (collect, store and use) the information you provide in a manner compatible with the Nigeria Data Protection Regulation (NDPR). We review our data collection, storage and processing practices to ensure that we only collect, store and process the personal information needed to provide or improve our services. We will endeavour to keep your information accurate and up to date, and not keep it for longer than is necessary, but we depend on our users to update or correct their personal information whenever necessary. IBILE Microfinance Bank Limited is required to retain information in accordance with the law, such as information needed for income tax and audit purposes. How long certain kinds of personal data should be kept may also be governed by specific business-sector requirements and agreed practices. Personal data may be held in addition to these periods depending on individual business needs.

IBILE Microfinance Bank Limited only processes personal information for the purposes described in this Privacy Policy and/or the supplementary privacy notices for specific services. In addition to the above, such purposes include:

  • Providing our services to users, including the display of customized content;
  • Auditing, research and analysis in order to maintain, protect and improve our services;
  • Ensuring the technical functioning of our network; and
  • Developing new services.

You can find more information about how we process personal information by referring to the supplementary privacy notices for particular services.

Log information

 

When you access IBILE Microfinance Bank Limited services, our servers automatically record information that your browser sends whenever you visit a website.

User communications

 

When you send email or other communications to IBILE Microfinance Bank Limited, we may retain those communications in order to process your inquiries, respond to your requests and improve our services.

Affiliated sites

 

We offer some of our services in connection with other web sites e.g. Websites of our subsidiaries. Personal information that you provide to those sites may be sent to IBILE Microfinance Bank Limited in order to deliver the service. We process such information in accordance with this Privacy Policy. The affiliated sites may have different privacy practices and we encourage you to read their privacy policies.

Under what circumstances will IBILE Microfinance Bank Limited contact me?

 

Our aim is not to be intrusive, and we undertake not to ask irrelevant or unnecessary questions. Moreover, the information you provide will be subject to rigorous measures and procedures to minimize the risk of unauthorized access or disclosure.

Can I find out the personal data that IBILE Microfinance Bank Limited holds about me?

 

IBILE Microfinance Bank Limited at your request, can confirm what information we hold about you and how it is processed. If IBILE Microfinance Bank Limited does hold personal data about you, you can request the following information:

  • Contact details of the data protection officer, where applicable.
  • The purpose of the processing as well as the legal basis for processing.
  • If the processing is based on the legitimate interests of Ohafia Microfinance
  • Bank PLC or a third party, information about those interests.
  • The categories of personal data collected, stored and processed.
  • Recipient(s) or categories of recipients that the data is/will be disclosed to.
  • If we intend to transfer the personal data to a third party or international organization, information about how we ensure this is done securely. The Attorney General of the Federation will approve sending personal data to some countries because they meet a minimum standard of data protection. In other cases, we will ensure there are specific measures in place to secure your information.
  • How long the data will be stored.
  • Details of your rights to correct, erase, restrict or object to such processing.
  • Information about your right to withdraw consent at any time.
  • How to lodge a complaint with the supervisory authority (NITDA).
  • Whether the provision of personal data is a statutory or contractual requirement, or a requirement necessary to enter into a contract, as well as whether you are obliged to provide the personal data and the possible              consequences of failing to provide such data.
  • The source of personal data if it wasn’t collected directly from you.

Any details and information of automated decision making, such as profiling,         and any meaningful information about the logic involved, as well as the   significance and expected consequences of such processing

What other data privacy rights do you have?

 

Although not always absolute, you also have some other rights. At any point, while IBILE Microfinance Bank Limited is in possession of or processing your personal data, you, the data subject, have the right to:

  • Any details and information of automated decision making, such as profiling, and any meaningful information about the logic involved, as well as the            significance and expected consequences of such processing.
  • Correct your data in our custody that is inaccurate or incomplete.
  • Ask for the data we hold about you to be erased from our systems.
  • Restrict processing of your personal data where certain conditions apply.
  • Have the data we hold about you transferred to another organization.
  • Object to certain types of processing, such as direct marketing
  • Object to automated processing like profiling, as well as the right to be subject to the legal effects of automated processing or profiling.

Where a third party is involved in the processing of your personal data, all of the above requests will be forwarded, as appropriate, to the IBILE Microfinance Bank Limited Data Protection Officer.

What forms of ID will I need to provide in order to access this?

 

IBILE Microfinance Bank Limited accepts the following forms of ID (but not limited to) when information on your personal data is requested: International Passport, driving license, national identity card, permanent voter card.

More information

 

Please do not hesitate to get in touch with us via the contact page on our website if you have any questions or queries regarding our privacy policy.

To contact our Data Protection Officer, kindly address your request to “The Data Protection Officer” at 121 Obafemi Awolowo Way, Allen Roundabout, Ikeja, Lagos, or send an email to dpo@ibilemfb.com

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