21.2 Limits must be prudent and relate to the volume of cash moved by the single agent and the risks associated with locating the agent for the performance of banking services. When registering the sub-agents, while assuming his role as super-agent, a fee of N10,000.00 and some financing for the prepaid account of the sub-agents are deducted directly from the account of the up super-agent to carry out the registration. The super-agent UP is also required to set the percentage of agency commission that he assigns to his sub-agent, the rest being won by the super-agent in addition to the agent manager commission for the same transactions. The UP Manger sub-agent is fully responsible for the agent`s statement and instructions for his operations without recourse to UP. While it may still be too early to predict, the figures show that Telcos connects with Aboriginal people at a higher interest rate than any other bank currently. They are more entrenched in Nigeria`s local telecommunications communities and have agents dispersed in many local governments in different Federation states. As a direct result of the relationships already forged in these parts, Telco`s financial services subsidiaries will likely find it easier to hire the premises as super-agents or PSBs than the banks have. The paragraphs of this agreement are inserted only for reference purposes and do not affect the interpretation of any of the provisions to which they relate. In this agreement, unless the context requires something else: 5.11 Report to the super-agent within twenty-four hours (24) hours, all suspicious activities that know the agent. 1.15 “Third parties” are parties other than the super-agent and agent that are related either to the super-agent or to the agent that refer specifically to the existing super-agent relationship. A UP super-agent is any person authorized or duly authorized to report sub-agents on a partnership basis.
f. The agent/aggregator acquires, for the duration of this contract, all necessary insurance (material, personal injury, fire insurance and related insurance coverage). This agreement expires on the signing date and remains in effect until its termination, in accordance with the terms and conditions of this agreement. Any new duration to be granted under this agreement is subject to the mutual agreement of the parties.” 23.7 No declaration, insurance, guarantee, confederation, compensation or agreement of any kind that is not expressly stipulated in this Agreement will affect or affect the explicit terms and conditions of this Agreement or be used to interpret or restrict it. iv. “agreement,” this agreement between the aggregator and INNOVECTIVES regarding the agent`s participation in the provision of agent assistance services to the agent network and includes all schedules. 1.16 “sole agent” refers to an agent mandated by the super-agent to perform all aspects of the agent`s banking services. 3.3 This agreement does not give any of the parties an exclusive right. Therefore, the super-agent has the right to charge other persons and/or entities to provide agent banking services where necessary; The agent can also provide agent banking services to other companies. 1.13 “PIN” refers to the four-digit personal identification number as the secret code chosen by the seconded agent to authorize the penalty of their business account. (c) I would like to be an agent/aggregator for INNOVECTIVES in accordance with the terms and conditions, and this agreement establishes the agreement of the parties regarding the banking services of AGENT KESH.
one. This agreement constitutes the whole agreement between the parties and replaces any agreement or prior relationship between the parties regarding the banking service of KESH AGENT. Any amendment to this agreement is only valid if it is signed in writing and by or on behalf of each party.