Privacy Policy
This policy covers how we collect, retain, protect, and dispose of your data in compliance with GDPR and the Nigeria Data Protection Act 2023.
Effective date: January 1, 2026
1. Purpose
This policy establishes guidelines for the retention, storage, and disposal of business records to ensure compliance with regulatory requirements, protect sensitive data, and support operational needs.
2. Scope
This policy applies to all records, whether physical or digital, created or received by CrediSure Financial Technologies Ltd, including: Credit Rating and Risk Assessment Reports, Loan and Debt Reports, Compliance and Regulatory Documents, and Internal Business and Financial Records.
3. Retention Periods
Records will be retained based on regulatory requirements, business needs, and industry best practices.
| Record Type | Retention Period | Reason |
|---|---|---|
| Credit Rating & Risk Assessments | 6 years | Compliance & audit requirements |
| Loan & Debt Reports | 7 years | Legal compliance & dispute resolution |
| Regulatory Compliance Records | 7 years | Compliance with data protection laws |
| Internal Business Records | 5 years | Operational efficiency |
| Employee Records | 6 years after termination | Employment laws & legal claims protection |
4. Data Protection & Security
Confidentiality: All records must be stored securely, whether in physical or electronic format. Access Control: Only authorised personnel may access sensitive records. Encryption & Backups: Digital records must be encrypted and backed up regularly.
5. Disposal of Records
Physical Records: Secure shredding or incineration. Digital Records: Permanent deletion following data erasure standards.
6. Legal & Regulatory Compliance
This policy complies with GDPR and the Nigeria Data Protection Act 2023.
7. Review & Amendments
This policy will be reviewed annually and updated as necessary to reflect regulatory changes and business needs.
Contact Us
If you have any questions about this Privacy Policy or our data practices, please reach out to us at privacy@credisure.ng.