Our regulatory foundation
Maria Oyinlola Limited operates within a clearly defined regulatory framework. This page discloses our licensing, compliance obligations, and client rights under applicable Nigerian law.
Maria Oyinlola Limited (MOL) is licensed and regulated by the Central Bank of Nigeria. The company operates within the conditions and limitations set out in its CBN licence, and is subject to ongoing regulatory supervision including periodic examination, compliance monitoring, and consumer protection oversight.
Additional regulatory bodies with oversight or notification requirements:
- Nigeria Deposit Insurance Corporation (NDIC) — [Confirm NDIC membership status and coverage limits]
- Securities and Exchange Commission (SEC) — [Confirm SEC registration status if investment products are registered securities]
- Financial Reporting Council of Nigeria (FRCN) — for statutory financial reporting obligations
- Corporate Affairs Commission (CAC) — CAC Registration: RC-7466513
MOL's regulatory status is subject to periodic renewal and can be verified through the CBN's licensed institutions register at www.cbn.gov.ng.
Anti-Money Laundering (AML) & Know Your Customer (KYC)
MOL is committed to full compliance with Nigeria's anti-money laundering and counter-terrorism financing (AML/CFT) regulatory framework, including the:
- Money Laundering (Prevention and Prohibition) Act 2022
- Terrorism (Prevention and Prohibition) Act 2022
- Central Bank of Nigeria AML/CFT Regulations
- NFIU (Nigerian Financial Intelligence Unit) guidelines
All clients are subject to customer due diligence (CDD) procedures at onboarding and throughout the client relationship. MOL maintains ongoing transaction monitoring, suspicious transaction reporting obligations, and annual AML training for all relevant staff.
KYC Requirements — Individuals
- Valid government-issued ID (National ID, International Passport, Driver's Licence, Voter's Card)
- Bank Verification Number (BVN)
- Proof of address (utility bill, bank statement — not older than 3 months)
- Passport photograph
KYC Requirements — Businesses
- Certificate of Incorporation (CAC)
- Memorandum and Articles of Association
- Board resolution authorising account opening
- KYC documentation for all directors and beneficial owners
- Proof of business address
- Tax Identification Number (TIN)
Consumer Protection & Client Rights
MOL is subject to the CBN Consumer Protection Framework and is committed to the following client rights:
- Right to information: All product terms, interest rates, fees, and charges are disclosed clearly before any product is taken up
- Right to fair treatment: No discriminatory treatment in product access or pricing
- Right to recourse: A structured complaint resolution process with defined timelines
- Right to data protection: Client data is handled in accordance with the NDPR 2019 and NDPA 2023
Complaint Resolution Process
If you have a complaint about any MOL product or service:
- Step 1 — Contact MOL directly: info@mol.oagroupng.com, 0803 092 5999 or 0805 381 6665
- Step 2 — We will acknowledge your complaint within 24 hours and resolve within 7 business days
- Step 3 — If unresolved, escalate to the CBN Consumer Protection Department at www.cbn.gov.ng
Investment Product Disclosures
IMPORTANT: The following disclosures apply to all investment and asset management products offered by MOL:
- Investment returns are not guaranteed. Past performance of any investment product is not indicative of future results.
- Capital is at risk. The value of investments can fall as well as rise. Clients may not recover the full amount invested.
- Returns are indicative only. Projected returns shown in marketing materials or calculators are illustrative and subject to market conditions.
- Investment products are provided in accordance with relevant CBN and [SEC — confirm] regulations.
- NDIC deposit guarantee coverage: [Confirm coverage applicability and limits for each product category]
Clients are advised to read all product documentation carefully and seek independent financial advice before making any investment decision.
Data Protection Compliance
MOL processes personal and financial data in accordance with the Nigeria Data Protection Regulation (NDPR) 2019 and the Nigeria Data Protection Act (NDPA) 2023. Our data protection obligations include:
- Lawful basis for all personal data processing activities
- Explicit consent for marketing communications
- Data minimisation and retention policies aligned with regulatory requirements
- Secure data storage with encryption at rest and in transit
- Annual NDPR audit and compliance reporting
Full details: Privacy Policy