Scholarship Terms

Last Updated: 07.20.2026

Version: 1.0 Effective Date: [07.25.2026] Last Updated: [07.20.2026]

Document Purpose

These Scholarship Terms govern the application, selection, and administration of scholarship programs offered by NaijaAssets. They apply to all scholarship applicants, recipients, and participants in scholarship-related competitions or initiatives.

Contact Information

Scholarship Inquiries: legal@legal.naijaassets.com Primary Website: https://naijaassets.com

Definitions
Scholarship Programs
Eligibility
Application Process
Selection and Award
Scholarship Terms and Conditions
Modification and Discontinuation
Taxes
Prohibited Conduct
Termination
Disclaimers
Limitation of Liability
Governing Law
Dispute Resolution
Related Policies
Changes to These Terms
Contact

1. Definitions

Capitalized terms used in these Scholarship Terms have the meanings set forth in the Terms of Service unless otherwise defined below.

"Scholarship" means a financial award, discount, grant, or other benefit granted to an eligible Student to support their education on the Platform.

"Scholarship Program" means any specific scholarship initiative operated by NaijaAssets, which may include academic scholarships, merit awards, competitions, community initiatives, partner-funded scholarships, referral scholarships, and other programs.

"Selection Criteria" means the criteria established for a particular Scholarship Program, which may include academic performance, merit, financial need, competition results, community involvement, or other factors determined by NaijaAssets.

2. Scholarship Programs

2.1 Program Descriptions

NaijaAssets may offer various Scholarship Programs. Each program will have its own specific terms, which will be published at the time of application. Current and future Scholarship Programs may include:

Academic scholarships based on performance or achievement
Merit awards recognizing exceptional talent or contribution
Competitions with scholarship prizes
Community initiatives supporting educational access
Partner-funded scholarships sponsored by third-party organizations
Referral scholarships for referring qualified applicants

2.2 Program-Specific Terms

Each Scholarship Program may have additional terms, conditions, eligibility requirements, and deadlines. In the event of a conflict between these Scholarship Terms and program-specific terms, the program-specific terms govern for that particular program.

3. Eligibility

3.1 General Eligibility

Eligibility requirements vary by Scholarship Program and will be specified in program materials. General requirements may include:

Active registration on the Platform
Age, grade, or academic level requirements
Residency or nationality requirements
Enrollment in specified Subscriptions or courses
Compliance with Platform policies

3.2 Verification

Applicants must provide accurate and verifiable information. NaijaAssets reserves the right to verify eligibility, academic status, and any information provided in applications.

3.3 Ineligibility

The following individuals are generally ineligible unless otherwise specified:

Employees, contractors, and affiliates of NaijaAssets
Immediate family members of NaijaAssets personnel
Individuals in restricted jurisdictions
Individuals who have previously been suspended or terminated from the Platform

4. Application Process

4.1 Application Submission

Applications must be submitted through the designated process by the specified deadline. Late or incomplete applications may not be considered.

4.2 Application Materials

Depending on the Scholarship Program, required materials may include:

Personal and academic information
Essays, written statements, or personal narratives
Videos, presentations, or creative submissions
Academic records, transcripts, or certificates
Letters of recommendation or references
Projects, portfolios, or work samples
Financial information (where applicable)

4.3 No Application Guarantee

Submission of an application does not guarantee consideration, award, or any response beyond standard acknowledgment.

5. Selection and Award

5.1 Selection Criteria

Scholarship recipients are selected based on the published Selection Criteria. Selection decisions are made at the sole discretion of NaijaAssets or the designated selection committee.

5.2 Selection Process

The selection process may involve:

Initial screening and eligibility verification
Review and evaluation by a selection panel
Interviews or assessments (where applicable)
Final approval by NaijaAssets or authorized representatives

5.3 Selection Discretion

NaijaAssets retains full discretion in selecting recipients, determining award amounts, and imposing conditions. Selection decisions are final and binding, unless otherwise stated.

5.4 Right Not to Award

NaijaAssets reserves the right not to award any Scholarship in a given program if no applicant meets the Selection Criteria or if the program is modified or discontinued.

6. Scholarship Terms and Conditions

6.1 Award Terms

Scholarship awards are subject to the specific terms communicated to the recipient. Terms may include:

Award amount and payment schedule
Duration of the Scholarship
Ongoing eligibility requirements (e.g., maintaining grades, continued enrollment)
Limitations on use or application of funds

6.2 Acceptance

Scholarship recipients must accept the award within the specified timeframe. Failure to accept may result in forfeiture and reallocation to another applicant.

6.3 Non-Transferability

Scholarships are personal to the recipient and may not be transferred, assigned, sold, or exchanged.

6.4 No Cash Equivalents

Unless otherwise stated, Scholarships are applied to Platform Subscriptions or services and are not redeemable for cash.

7. Modification and Discontinuation

7.1 Program Changes

NaijaAssets may modify, suspend, or discontinue any Scholarship Program at any time, with or without notice, subject to applicable law.

7.2 Award Changes

We may modify, reduce, or terminate individual Scholarship awards if circumstances change, including but not limited to:

Changes in the recipient's eligibility or enrollment status
Violation of Platform policies or scholarship terms
Changes to the Scholarship Program
Error or misrepresentation in the application
Fraud, abuse, or misconduct

8. Taxes

Scholarship recipients are solely responsible for understanding and paying any applicable taxes on Scholarship awards. NaijaAssets may be required to report Scholarship awards to tax authorities. Recipients may be required to provide tax information and complete applicable forms.

9. Prohibited Conduct

The following conduct is prohibited in connection with Scholarship Programs:

Submitting false, misleading, or fraudulent application information
Plagiarizing application materials
Colluding with others to manipulate selection outcomes
Offering or accepting bribes or improper incentives
Using automated tools to submit applications
Violating program-specific rules or eligibility requirements

10. Termination

10.1 Termination by Recipient

Scholarship recipients may decline or withdraw from a Scholarship at any time.

10.2 Termination by NaijaAssets

NaijaAssets may terminate or revoke a Scholarship award if:

The recipient violates these Scholarship Terms or Platform policies
The recipient provides false or misleading information
The recipient fails to meet ongoing eligibility requirements
The Scholarship Program is modified or discontinued
Fraud, abuse, or misconduct is discovered

10.3 Effect of Termination

Upon termination or revocation, any remaining Scholarship benefits are forfeited. NaijaAssets may seek recovery of amounts already disbursed in cases of fraud or misrepresentation.

11. Disclaimers

SCHOLARSHIP PROGRAMS ARE PROVIDED AT THE DISCRETION OF NAIJAASSETS. WE DO NOT GUARANTEE THE AVAILABILITY, CONTINUITY, OR AMOUNT OF ANY SCHOLARSHIP PROGRAM. SCHOLARSHIP AWARDS DO NOT CONSTITUTE EDUCATIONAL, FINANCIAL, OR CAREER ADVICE. RECEIPT OF A SCHOLARSHIP DOES NOT GUARANTEE ADMISSION TO ANY EDUCATIONAL INSTITUTION, EMPLOYMENT, OR ACADEMIC SUCCESS.

12. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, NAIJAASSETS SHALL NOT BE LIABLE FOR ANY LOSS, DAMAGE, OR DISAPPOINTMENT ARISING OUT OF OR RELATING TO SCHOLARSHIP PROGRAMS, INCLUDING NON-SELECTION, AWARD MODIFICATION, OR PROGRAM DISCONTINUATION. OUR TOTAL LIABILITY ARISING OUT OF OR RELATING TO THESE SCHOLARSHIP TERMS SHALL NOT EXCEED ONE HUNDRED DOLLARS ($100) OR THE AMOUNT OF THE SCHOLARSHIP AWARD, WHICHEVER IS LESS.

13. Governing Law

13.1 Pre-Incorporation

Prior to incorporation, these Scholarship Terms are governed by the laws of the State of New Mexico, United States of America, without regard to conflict-of-law principles.

13.2 Post-Incorporation

Upon incorporation, these Scholarship Terms shall be governed by the laws of the Company's state of incorporation, which is expected to be the State of New Mexico.

13.3 Consumer Protections

Nothing in this section limits any non-waivable consumer protection rights you may have under applicable law.

14. Dispute Resolution

14.1 Informal Resolution

Before initiating any formal dispute, you agree to contact us at legal@legal.naijaassets.com and attempt to resolve the dispute informally for a period of sixty (60) days.

14.2 Binding Arbitration

If informal resolution fails, any dispute arising out of or relating to these Scholarship Terms or the Platform shall be resolved by binding individual arbitration administered by JAMS under its Streamlined Arbitration Rules, rather than in court, except that you may assert claims in small claims court if the claims qualify. The arbitration shall be conducted in English by a single arbitrator in New Mexico.

14.3 Class Action Waiver

YOU AND NAIJAASSETS AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN ITS INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS ACTION, REPRESENTATIVE ACTION, OR CONSOLIDATED PROCEEDING. IF THIS CLASS ACTION WAIVER IS HELD UNENFORCEABLE, THE ENTIRE DISPUTE RESOLUTION PROVISION SHALL BE SEVERABLE.

15. Related Policies

These Scholarship Terms should be read in conjunction with:

Terms of Service - Governing legal relationship
Privacy Policy - Data handling in connection with applications
Acceptable Use Policy - Prohibited conduct
User Generated Content Policy - Licensing of application materials

16. Changes to These Terms

We may update these Scholarship Terms at any time. Changes will be posted on the Platform. Changes to specific Scholarship Programs will be communicated to affected applicants and recipients where practicable.

17. Contact

Email: legal@legal.naijaassets.com Website: https://naijaassets.com