Terms & conditions
CDQ Yearly Contribution helps members keep an organized record of their contributions, submit proof of payments, track approvals and view their yearly statements. It is a contribution-recording service, not a promise of investment returns.
Member benefits
- A personal dashboard showing verified contributions and yearly history.
- Payment-proof submission and administrator review.
- Transparent records of deductions and approved payouts.
- Access to support messages and an option to renew for another year.
Terms of participation
- Members must submit accurate registration information and valid payment evidence. Registration is subject to approval.
- The standard yearly deduction is 3.30% of the applicable yearly contribution amount. The administrator may change the percentage for a future contribution year, but must publish the new rate and notify affected members before it takes effect. A change must not be applied retroactively.
- A separate administrative charge of ₦1,700 for a ₦100,000 contribution is stated as an example. This is distinct from the 3.30% yearly deduction. Any applicable charge and the final payout must be disclosed before the member agrees to a payout.
- All payments are subject to verification; only approved contributions appear as credited balances.
- Payouts require administrator confirmation and records of the gross amount, deductions, fees and net amount paid.
- Renewal is optional. After the yearly payout is marked completed, members may re-register for the next year. A 1% discount on the next registration fee applies to renewing members; this is a discount, not a deduction from contributions.
- Members who decline renewal may voluntarily share suggestions for improvement.
- Personal data is used for identity verification, payment records and account administration. Members should receive a privacy notice and contact details for corrections or complaints.
Important: Confirm the published fee schedule, renewal amount, payout procedure and legally reviewed terms before making payments. CDQ does not guarantee profits or returns.