Governance, Compliance & Audit

The paperwork your regulator and your members both actually trust.

Real identity checks at onboarding, separate roles for the people who approve money movements, an AGM record that can’t be quietly edited, and an export button for whoever needs to see the books — a regulator, a member, or your own auditor.

Onboarding

Identity checked before a wallet opens

Every member verifies with a NIN or BVN, placing them on Tier 1 or Tier 2 — and that tier sets real ceilings: how much they can hold in their wallet, how much they can withdraw, and how much financing they’re eligible for.

A cooperative can tighten the platform default for its own members, but never loosen it — the ceiling is a floor for caution, not a suggestion.

KYC tiers, at a glance
Tier 1Basic KYC — NIN or BVN verified
Tier 2Full KYC — higher ceilings, unlocked
Separation of duties

Three roles, three separate approvals

No single administrator can both propose and approve a financing request or a surplus payout.

Society executive

Runs day-to-day admin — member onboarding, cash postings, the first review on any request.

Internal auditor

Clears collateral, repayment risk and financial exposure before anything reaches Sharia review.

Ethics board (Sharia)

Confirms every contract against the society's charter — the final sign-off before money moves.

Immutable AGM minute books

Meeting minutes, attendance and resolutions are recorded and digitally signed — a permanent record instead of a paper book someone has to keep safe.

Broadcasts, on your own brand

Notices and transactional emails carry the cooperative’s own colours and seal — white-labelled, not stamped with someone else’s name.

What an auditor actually gets

  • Two-tier KYC (NIN or BVN) gates wallet, withdrawal and financing limits by tier
  • No single role holds every key — executive, auditor and Sharia sign-off are separate
  • AGM minute books are recorded and signed digitally, not lost in someone's binder
  • Every ledger entry exports as CSV, or a formatted PDF summary, on demand

This is the chain behind every disbursement

See exactly how these roles apply to a real financing request, from submission to purchase.