Cooperative terms and conditions

Terms & Conditions

General Terms & Conditions

These Terms and Conditions govern your use of this website (this “Site and its mobile app”) and your relationship with Ibadan(Challenge) Ajoo e-cooperative Society Ltd (better known as Ajoo e-coop)  (the “Society”, “we” or “us”).

Please read them carefully as they affect your rights and liabilities under the law. If you do not agree to these Terms and Conditions, please do not register for or use the Site.

If you have any questions on the Terms and Conditions, please contact the customer service representative on (+2349014149580).

1. Use of the Site

1.1. The Site is provided to you for your personal use subject to these Terms and Conditions. By using the Site you agree to be bound by these Terms and Conditions.

2. Amendments

2.1. We may update these Terms and Conditions from time to time for legal or regulatory reasons or to allow the proper operation of the Site.

Any changes will be notified to you via the e-mail address provided by you on registration or via a suitable announcement on the Site. The changes will apply to the use of the Site after we have given notice.

If you do not wish to accept the new Terms and Conditions you should not continue to use the Site. If you continue to use the Site after the date on which the change comes into effect, your use of the Site indicates your agreement to be bound by the new Terms and Conditions.

3. Registration

3.1. To register on the Site you must be over eighteen years of age.

3.2. You must ensure that the details provided by you on registration or at any time are correct and complete.

3.3. You must also pay a registration fee of ₦2,000 (Two Thousand Naira Only)

3.4. You must inform us immediately of any changes to the information that you provided when registering by updating your personal details in order that we can communicate with you effectively.


4.1. As a member of Ibadan(Challenge) Ajoo e-cooperative Society Ltd (better known as Ajoo e-coop), Shares are a compulsory one-off payment deducted from members’ savings after 3 to 6 months of membership. This is in line with the Bye-Law of the Cooperative Society and required payment from every Cooperator.

4.2. These shares will be a total of NGN 10,000,000  for the first year which will be deducted from members’ contributions after six months.

5. Password and security

5.1. When you register to use the Site you will be asked to create a password. In order to prevent fraud, you must keep this password confidential and must not disclose it or share it with anyone.

If you know or suspect that someone else knows your password you should notify us by contacting the Customer service line (+2349014149580) immediately.

5.2. If the has reason to believe that there is likely to be a breach of security or misuse of the Site, we may require you to change your password or we may suspend your account.

6. Intellectual property

6.1. The content of the Site is protected by copyright, trade marks, database right and other intellectual property rights.

You may retrieve and display the content of the Site on a computer screen, store such content in electronic form on disk (but not any server or other storage device connected to a network) or print one copy of such content for your own personal, non-commercial use, provided you keep intact all and any copyright and proprietary notices.

You may not otherwise reproduce, modify, copy or distribute or use for commercial purposes any of the materials or content on the Site without written permission from the Society’s.

7. Your use of the Site

7.1. You may not use the Site for any of the following purposes:
7.1.1. disseminating any unlawful, harassing, libelous, abusive, threatening, harmful, vulgar, obscene, or otherwise objectionable material or otherwise breaching any laws;
7.1.2. transmitting material that encourages conduct that constitutes a criminal offence, or otherwise breaches any applicable laws, regulations or code of practice;
7.1.3. interfering with any other person’s use or enjoyment of the Site; or
7.1.4. making, transmitting or storing electronic copies of materials protected by copyright without the permission of the owner.

7.2. You will be responsible for our losses and costs resulting from your breach of this clause.

8. Availability of the Site

8.1. Although we aim to offer you the best service possible, we make no promise that the services at the Site will meet your requirements.

We cannot guarantee that the services will be fault-free. If a fault occurs with the Site you should report it to  and we will attempt to correct the fault as soon as we reasonably can.

8.2. Your access to the Site may be occasionally restricted to allow for repairs, maintenance or the introduction of new facilities or services. We will attempt to restore the service as soon as we reasonably can.

9. The right to suspend or cancel your registration

9.1. We may suspend or cancel your registration immediately at our reasonable discretion or if you breach any of your obligations under these Terms and Conditions.

9.2. We may also suspend your registration if you fail to make your monthly contributions after registration.

9.3. If you wish to activate your account or registration after it has been suspended kindly call +2349014149580 for reactivation after which you must make your contribution with 24 hours.

9.4. You can cancel your registration at any time by informing us in writing at If you do so, you must stop using the Site.

9.5. The suspension or cancellation of your registration and your right to use the Site shall not affect either party’s statutory rights or liabilities.

10. The liability

10.1. The Site provides content from other Internet sites or resources and while the Society tries to ensure that material included on the Site is correct, reputable and of high quality, it does not make any warranties or guarantees in relation to that content. If the Society is informed of any inaccuracies in the material on the Site we will attempt to correct the inaccuracies as soon as we reasonably can.

10.2. If we are in breach of these Terms & Conditions, we will only be responsible for any losses that you suffer as a result to the extent that they are a foreseeable consequence to both of us at the time you use the Site. Our liability shall not in any event include business losses such as lost data, lost profits or business interruption.

10.3. Due to the nature of the business, the general rule of cooperative societies that “upon failure of the cooperative, members will bear the individual liability of their contributed funds and would have no right if redress against the cooperative society” is adopted. This implies that members are personally liable for the contributions in event of the failure or insolvency of the society.

11. Third Party Websites

11.1. As a convenience to customers, the Site includes links to other web sites or material which are beyond its control. The is not responsible for content on any site outside the Site.

12. Advertising and Sponsorship

12.1. Part of the Site may contain advertising and sponsorship. Advertisers and sponsors are responsible for ensuring that material submitted for inclusion on the Site complies with relevant laws and codes. We will not be responsible to you for any error or inaccuracy in advertising and sponsorship material.

13. Applicable Law

13.1. These Terms and Conditions will be subject to the laws of Nigeria. We will try to solve any disagreements quickly and efficiently. If you are not happy with the way we deal with any disagreement and you want to take court proceedings, you must do so within Nigeria.

14. International Use

14.1. We make no promise that materials on the Site are appropriate or available for use in locations outside the Nigeria, and accessing the Site from territories where its contents are illegal or unlawful is prohibited. If you choose to access this site from locations outside Nigeria, you do so on your own initiative and are responsible for compliance with local laws.

15. Miscellaneous

15.1. You may not transfer any of your rights under these Terms and Conditions to any other person.

We may transfer our rights under these Terms and Conditions to another business where we reasonably believe your rights will not be affected.

15.2. If you breach these Terms and Conditions and the Society chooses to ignore this, the will still be entitled to use its rights and remedies at a later date or in any other situation where you breach the Terms and Conditions.

15.3. The Society shall not be responsible for any breach of these Terms and Conditions caused by circumstances beyond its reasonable control.

15.4. The Site is owned and operated by Jadenjayfit Empire of Suite 3, Rao Building, Challeneg, Ibadan, Oyo State.

15.5. If you have any queries please contact +2349014149580