Privacy Policy
v1.0 · 1 September 2026 · reviewed by Adenike Adenuga Esq., Paraclete Legal PractitionersWhat we collect
Account details you give us: email address and display name. Content you create: watchlists, saved chart layouts, alerts and Community posts. Technical data: IP address, browser type and pages viewed, used to keep the service running and secure. If you choose to complete identity verification (KYC): your legal name, date of birth, address, phone, occupation, source of funds, PEP status, BVN, NIN and settlement bank account.
Purpose and lawful basis
Each category is processed for a stated purpose under a lawful basis recognised by the Nigeria Data Protection Act. Account details — to operate your account (performance of a contract). Content you create — to provide the features you use (performance of a contract). Technical data — security and service integrity (legitimate interests). Verification (KYC) data — identity verification and anti-money-laundering compliance in preparation for regulated trading (legal obligation and, while verification remains voluntary, your consent). Recipients are limited to the processors named below and to authorities where the law requires disclosure.
What we do not collect
We do not collect information about your investment objectives, risk appetite, investment holdings or trading history for the purpose of personalising our analytical outputs. Information collected for KYC, AML or regulatory purposes is used only for those purposes and is not used to personalise the analytical outputs. We do not store brokerage credentials, and we do not connect to any brokerage account of yours.
Identity verification (KYC)
Verification is optional while Akomalu is analysis-only, and becomes required before your first order once trading launches. Your BVN, NIN and bank account number are encrypted before they are stored, are never visible to the analysis features, and are accessed by staff only for verification and regulatory compliance. We retain KYC and regulatory records for the period required by applicable securities, anti-money-laundering, tax and other legal or regulatory requirements. Where no legal or regulatory retention period applies, personal data is retained only for as long as reasonably necessary for the purpose for which it was collected.
Why we hold it
To provide the service, to keep your settings between sessions, to secure accounts, and to understand which features are used. We do not sell personal data, and we do not use it to build advertising profiles.
Who sees it
Our hosting and database providers process data on our behalf under contract. Community posts are public by design — your display name and post content are visible to anyone using the site. Your watchlists, alerts and layouts are private to your account.
Where it lives
Data may be stored outside Nigeria on infrastructure operated by our providers, currently in the European Union. Where personal data is transferred or stored outside Nigeria, the transfer is carried out in accordance with the applicable requirements of the Nigeria Data Protection Act, including any applicable adequacy decision, approved transfer mechanism or other lawful basis.
How long
While your account is open, and thereafter for the retention periods described under Identity verification above. You can ask us to delete your account and its content, subject to records the law requires us to keep.
Your rights
Under the Nigeria Data Protection Act you may request access to the personal data we hold about you, ask for it to be corrected or deleted, and object to certain processing. Write to privacy@akomalu.com and we will respond.
Cookies
We use cookies necessary to keep you signed in and to remember your preferences. We do not use advertising cookies.
Contact
Data protection requests: privacy@akomalu.com. General: support@akomalu.com. Akomalu Ltd, Nigeria.