Terms and Conditions: Pocket Pal Best of the Best

Introduction

These Terms and Conditions govern the participation of schools in the Pocket Pal Best of the Best (the Program) which is promoted by the Alternative Bank Limited (“We,” “Us,” “Our,” “Altbank”) with its registered office at 22 Marina, Lagos.

By applying and participating in this Program, you (“Applicant,” “Participant,” or “Winner” as the case may be) agree to be fully bound by these Terms and Conditions, and you represent and warrant that you satisfy all eligibility requirements set out herein. You further acknowledge and accept Our decision as final and binding as it relates to the performance and administration of this Program.

Eligibility Criteria

To qualify for participation, a school must:

• Be a registered and accredited secondary school in Nigeria.
• Have a corporate bank account domiciled with Alternative Bank Limited.
• Nominate one (1) student with the best WAEC result from the school.
• Ensure the nominated student is onboarded on the Pocket Pal product of the Bank.

Selection and Award Process

• Schools under this Program must nominate their top-performing West African Examinations Council (WAEC) student after the results are released.
• The nominated student must achieve a minimum of five (5) A’s in their WAEC result.
• The top two (2) students among all participating schools will be selected as winners.
• Each winning student will receive a cash prize of ₦50,000, while their respective schools will receive ₦200,000.

Application and Documentation Requirements

The applying school must submit:

• A duly completed application form which shall be available at https://altbank.ng/best-of-the-best/
• The WAEC result of the nominated student (verified copy).
• Proof of the school’s corporate account with Alternative Bank Limited.
• Proof of the student’s onboarding on the Altbank’s Pocket Pal product.

Disbursement of Funds

• The student’s prize money will be credited directly into their Pocket Pal account with Altbank.
• The school’s prize money will be credited to its corporate account domiciled with Altbank.
• The disbursement of funds is subject to successful verification of all submitted documents.

Obligations of the School

• The school shall ensure transparency and fairness in the selection of the nominated student.
• The school shall provide accurate and verifiable information during the application process.
• The school agrees that any misrepresentation or fraudulent activity will result in its immediate disqualification from the Program.

Compliance and Verification

• Altbank reserves the right to verify the authenticity of submitted WAEC results and other documents.
• Altbank may request additional information or documentation if necessary.
• Altbank retains the right to audit the school’s participation in the Program to ensure compliance with these Terms and Conditions.

Termination and Disqualification

• Altbank reserves the right to disqualify any school found to be in violation of these Terms and Conditions.
• Any false information provided by the school will result in automatic disqualification and potential legal action.
• Altbank reserves the right to modify, suspend, or terminate the Program at its sole discretion without prior notice.

Publicity and Consent

• By participating in the Program, the school agrees that the Bank may use the school’s and student’s name, image, and WAEC result for promotional and marketing purposes.
• The school and the winning student agree to participate in any related publicity campaigns as required by the Bank.

Governing Law and Dispute Resolution

These Terms and Conditions (and, unless provided otherwise, any document entered into in connection herewith) shall be governed by the laws of the Federal Republic of Nigeria including the Islamic commercial jurisprudence.

Any dispute arising from the Program shall be resolved by mediation at the Lagos Multi-Door Courthouse (LMDC). The mediator shall be a person with knowledge of Islamic commercial jurisprudence.

Limitation Of Liability

You agree to release and hold harmless Altbank and its affiliates, advertising and promotion agencies, partners, representatives, agents, employees, officers, and directors from any liability, loss, litigation, claim, or damage that may occur, directly or indirectly, whether caused by negligence or not, from: (i) your participation in this Program; (ii) unauthorized human intervention in any part of the entry process or the Program; (iii) electronic or human error in the administration of the Program.

Privacy and Data Protection

By participating in this Program, applicants consent to the collection, use, and disclosure of their personal information for the purposes of administering the Program and for marketing purposes in accordance with Altbank’s Privacy Policy.

Participant consents that AltBank may collect, use, process or maintain or have access to Personal Identifiable Information i.e. any information or set of information, whether alone or in combination with other personal information gathered, processed, used or stored by AltBank which is sufficient to identify the Participant(s).

Participant(s) acknowledge that AltBank may use and/or provide personally identifiable information of the Participant(s) or of any other person as provided by the Participant(s), to relevant third party(ies) for the purpose of this Program or otherwise.

Prohibited Conduct and Variation

We reserve the right to disqualify any applicant found to be circumventing the entry and participation process of the Program or acting in any manner likely to bring the AltBank or its brands into disrepute or risks. For the purpose of this provision, the Participant understands that it shall be fully guided by the terms of participation hereunder and the applicable laws, failing which the Bank shall exercise the right set out herein.

Additionally, we may vary, modify, change or otherwise cancel the prize winnings stated herein due to any changes in our operations, internal policy, regulations or such other conditions not contemplated at the time of this Program.

Acceptance of Terms

Participants acknowledge that they have read, understood, and agreed to abide by these Terms and Conditions.

Contact Us

If you have any questions or concerns regarding these Terms and Conditions, please contact us at:
Email: [email protected]
Phone: 02017000555