Terms & Conditions

Effective Date: 28th April 2026

Company: Sustainable Finance Limited RC 1045701

Address: 17 Thaba Tseka Street, Wuse 2, Abuja, Nigeria

1. Introduction

Sustainable Finance Limited ("Company", "we", "us", "our") provides asset financing solutions within the sustainable energy ecosystem. These Terms and Conditions govern your use of our website and our financing products, including but not limited to: financing for Compressed Natural Gas (CNG) conversion, acquisition of CNG vehicles, spare parts, maintenance services, hire purchase agreements, and leasing arrangements.

2. Eligibility

To access our services, you (the "Offtaker", "Customer", "You") must:

  • Be a legal entity or individual of at least 21 years of age.
  • Have a valid means of identification (NIN, Driver's License, International Passport, or Voter's Card).
  • Provide verifiable business operational history (for corporate offtakers).
  • Pass our creditworthiness assessment.

3. Financing Products

We offer two primary structures for CNG assets:

3.1 Hire Purchase

  • You take possession of the CNG asset (vehicle, kit, or spare parts) immediately.
  • Title/ownership remains with Sustainable Finance until the final installment is paid in full.
  • Upon completion of all payments, title transfers to you.
  • You are responsible for maintenance, insurance, and risk of loss from delivery date.

3.2 Lease

  • You lease the CNG asset for a fixed term.
  • Ownership remains with Sustainable Finance for the entire lease period.
  • At the end of the lease, you may have the option to purchase the asset, return it, or renew the lease.

4. Payment Terms

  • Down Payment: A mandatory equity contribution of 25% of asset value is required before delivery.
  • Installments: Payments are due monthly via direct debit or standing order on the date specified in your Schedule of Agreement.
  • Late Payment: A late payment penalty of 10% per month (or ₦5,000 whichever is higher) will apply. A grace period of 7 days applies.
  • Prepayment: You may settle your outstanding balance early. An early settlement administrative fee of 5% of the outstanding principal may apply.

5. Obligations of the Offtaker

You agree to:

  • Use the CNG asset solely for its intended purpose (commercial or personal).
  • Maintain comprehensive insurance for the asset, naming Sustainable Finance as the "Loss Payee."
  • Keep the asset in good working order via licensed CNG maintenance centers.
  • Not sell, transfer, sub-lease, or encumber the asset without our prior written consent.
  • Allow us to inspect the asset upon reasonable notice.
  • Comply with all Nigerian laws regarding CNG safety and vehicle operation.

6. Risk and Title

  • Risk of loss (theft, accident, fire, vandalism, act of God) passes to you upon delivery. You remain obligated to pay all installments even if the asset is destroyed, unless you have adequate insurance.
  • Title/ownership remains with Sustainable Finance until the final payment is made (for Hire Purchase) or indefinitely (for Lease).

7. Default and Repossession

An event of default occurs if:

  • You fail to pay any installment for more than 30 days.
  • You fail to insure the asset.
  • You remove the asset from Nigeria without our permission.
  • You become bankrupt or go into liquidation.

Consequences of Default:

  1. We may accelerate the debt (demand all remaining payments immediately).
  2. We may enter your premises (peaceably) and repossess the CNG asset without a court order to the extent permitted by the Hire Purchase Act, Cap H4 LFN 2004.
  3. We will sell the repossessed asset. You remain liable for any deficit after the sale, plus repossession and storage costs.

8. Warranties and Disclaimers

  • We warrant that we have good title to finance the asset.
  • We disclaim all implied warranties of merchantability or fitness for a particular purpose regarding the CNG equipment. Refer to the original manufacturer's warranty for defects.

9. Limitation of Liability

To the maximum extent permitted by law, Sustainable Finance shall not be liable for:

  • Loss of profit, revenue, or business interruption arising from use of the CNG asset.
  • Damage caused by improper conversion, poor quality gas, or non-approved maintenance.

10. Privacy and Data Protection

We collect your data to process financing. We comply with the Nigeria Data Protection Regulation (NDPR). We may share your data with credit bureaus (CRC Credit Bureau, etc.) and law enforcement. You have the right to request access to or correction of your data. See our Privacy Policy for full details.

11. Governing Law and Dispute Resolution

These Terms are governed by the Laws of the Federal Republic of Nigeria. Any dispute shall first be referred to mediation in Lagos within 14 days. If unresolved, the dispute shall be settled by the Lagos Multi-Door Courthouse (LMDC) or the High Court of Lagos State.

12. Amendments

We may amend these Terms at any time. Changes will be posted on this page with a new effective date. For active financing contracts, changes will not apply without your written consent.