Document background
The Financial Framework Partnership Agreement serves as a master agreement for establishing and governing financial partnerships between institutions operating under Nigerian jurisdiction. This document is typically used when financial institutions seek to establish long-term collaborative relationships involving shared services, joint operations, or systematic financial arrangements. It provides a comprehensive framework that ensures compliance with Nigerian financial regulations while establishing clear operational parameters, risk management protocols, and governance structures. The agreement is particularly relevant in the context of Nigeria's evolving financial sector, where partnerships between traditional banks, fintech companies, and other financial institutions are becoming increasingly common. It incorporates requirements from key Nigerian legislation including BOFIA 2020, CBN regulations, and anti-money laundering laws, while maintaining flexibility to accommodate specific operational requirements and future developments in the financial partnership.
