Terms of Service & Payment Conditions

Detailed guidelines, pricing framework, payment options, and legal terms governing the subscription and pre-order of Dangote Petroleum Refinery shares on Patmus Markets.

Last updated: October 2026•Effective Version 2.0•Document Ref: IPO-TOS-2026-NG

Share Price

₦525

Per share • Min 10 shares

Payment Options

Full or Deposit

Pay ₦525 full or ₦100 deposit

Balance Deadline

November 2, 2026

For security deposit option

ID Verification

BVN Only

Instant official match

Overview

1. Introduction & Overview

These Terms of Service (“Terms”) establish the contractual framework governing your participation in the Dangote Petroleum Refinery Share Pre-order & Reservation Initiative. This program is hosted and facilitated by Immortal Statisense Ltd (operating as Patmus Markets) in strategic partnership with participating Nigerian corporate institutions and registered capital market intermediaries.

By proceeding with your Dangote IPO subscription, inputting your personal information, or completing payment on Patmus, you confirm that you have read, understood, and agreed to be bound by these Terms, our general Privacy Policy, and relevant regulatory directives of the Securities and Exchange Commission (SEC) of Nigeria.

Key Purpose: This initiative is structured to expand financial inclusion and democratize access for everyday retail investors across Nigeria to acquire pre-allocated equity shares in the Dangote Petroleum Refinery on accessible payment terms.

In these terms:

•Allotment means the Shares allotted to a Subscriber by the Issuing House, and Allotted Shares has a corresponding meaning.
•Balance means the part of the Subscription Amount remaining after the Security Deposit.
•Balance Deadline means 11:59 p.m. (West Africa Time) on November 2, 2026, or any later date the Company notifies in writing.
•Issuing House means First City Monument Bank Limited (FCMB), the issuing house and stockbroker for the Offer.
•Offer means the public offer of Dangote Petroleum Refinery shares, and Prospectus means the offer document published for it.

Company's Role

The Company is a facilitator only. The Platform allows you to reserve Shares in the Offer. The Company is not the issuer of the Shares, the Issuing House nor a stockbroker, and it does not allot Shares or decide any Allotment.

Payment Options

3. Payment Options

Subscribers on Patmus may choose between two transparent payment options:

Option 1100% Upfront

Pay in Full

You pay the full subscription amount upfront. For example, 10 shares require a total payment of ₦5,250.

Upfront payment (10 shares):₦5,250

Outstanding balance:₦0 (None)

Option 2Partial Deposit

Security Deposit

You may secure your shares by paying ₦100 per share upfront, subject to the minimum subscription of 10 shares.

10 shares → Security deposit:₦1,000

Total share value:₦5,250

Balance payable:₦4,250

The outstanding balance must be paid on or before November 2, 2026.

Balance Payment

4. Balance Payment

For subscriptions made under the Security Deposit Option, your outstanding balance must be fully paid on or before November 2, 2026.

Payment Deadline: November 2, 2026

Your subscription will only be completed upon receipt of the required balance. Patmus will provide automated account notifications, SMS, and email alerts prior to the settlement deadline.

0% Interest Guarantee: The deferred balance carries strictly zero percent (0%) interest. There are no hidden fees, interest charges, compounding fees, or service markups.

Allotment & Refunds

5. Allotment, Custody & Refunds

•Allotment is made solely by the Issuing House under the Prospectus. If the Offer is oversubscribed, your Allotment may be scaled down, and you accept any Allotment made to you.
•The Issuing House holds your Allotted Shares until you complete payment, and will then credit them to your securities account.
•
The Issuing House will refund all sums you have paid, without interest or deduction, where:
- (a)the Offer is withdrawn, suspended, cancelled or fails to close;
- (b)your subscription is rejected for reasons other than your breach;
- (c)you receive a smaller Allotment than you applied for, in which case the refund covers the excess.
•Refunds are paid to the bank account linked to your BVN. Except as this clause and clause 6 provide, payments are not refundable once the subscription has been submitted. The Company is not responsible for any delay in Allotment or refund by the Issuing House.

Default & Refund

6. Default & Refund Policy

Refund Policy

Default & Refund Policy

If you are unable to pay the outstanding balance in full by November 2, 2026, your subscription will not be completed. Your security deposit will be refunded to your Patmus Wallet.

KYC Requirements

7. Eligibility & Identification (KYC)

To comply with applicable regulatory guidelines and Know-Your-Customer (KYC) standards, every applicant must satisfy the following verification criteria:

Requirement 1

Official Identification Match (BVN Only)

The first and last name provided during registration must strictly correspond with the applicant’s Bank Verification Number (BVN) records. BVN is the sole identification credential collected for identity validation.

Requirement 2

Accurate Contact Coordinates

You must supply a verified phone number and valid email address. Critical subscription notices, transaction confirmations, and balance payment reminders will be dispatched through these channels.

Risk Disclosures

8. Investment Risks & Statutory Disclaimers

Statutory Risk Warning

All equity investments, including initial public offerings and pre-listing allocations, involve inherent risk. Share prices may fluctuate, and past corporate growth or operational projections do not guarantee future dividend yields or capital appreciation. You should invest capital only after evaluating your risk tolerance.

No Financial Advice: The material, calculators, and information on this portal do not constitute personalized financial, tax, or investment advice. Investors are encouraged to review the formal Dangote Petroleum Refinery IPO Prospectus published by the issuing houses and accredited stockbrokers.

Regulatory Clearance: All transactions and share certificates are facilitated in strict conformity with Nigerian capital market regulations, registered custodians, and the rules of the Nigerian Exchange (NGX) and SEC.

Data Protection

9. Data Privacy & Confidentiality

Immortal Statisense Ltd adheres strictly to the Nigeria Data Protection Act (NDPA) and international data integrity standards:

•

Your personal information (name, phone number, email address, and Bank Verification Number / BVN) is collected solely for identity validation, security authentication, and share subscription records.

•

All sensitive customer data is transmitted using modern TLS 1.3 encryption and stored in secure, SOC2-compliant cloud infrastructure.

•

We never sell or distribute your private investor information to unauthorized third-party commercial marketing entities. For complete details, please inspect our complete Privacy Policy.

Legal Jurisdiction

10. Governing Law & Dispute Resolution

These Terms of Service are governed by and construed in accordance with the substantive laws of the Federal Republic of Nigeria.

In the event of any query, dispute, or claim arising from or relating to this reservation campaign, the parties shall first endeavor in good faith to resolve the matter through amicable consultation with Patmus Support. If unresolved after 30 days, the dispute shall be submitted to the exclusive jurisdiction of the competent courts of Lagos State, Nigeria.

Support

11. Contact & Support Channels

For questions regarding your subscription status, payment options, or balance settlement details, our dedicated support team is available:

Email Inquiries

support@patmus.co

Average response time: < 2 business hours

Help & Support Center

patmus.co/help

FAQs, troubleshooting & platform guides

Ready to secure your Dangote Refinery shares?

Subscribe today: Pay in full at ₦525 per share or secure your allocation with a security deposit of ₦100 per share with balance payable on or before November 2, 2026.

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