Your funds on Bujeti are secured through multiple layers of protection, including compliance with Nigerian Data Protection Regulation (NDPR), alignment with Nigeria Deposit Insurance Corporation (NDIC) standards, and secure storage in Central Bank of Nigeria (CBN)-licensed local banks. While Bujeti itself is not a bank, your money is held safely in regulated financial institutions.
How Bujeti Protects Your Funds
1. Regulatory Compliance
Bujeti operates under strict regulatory frameworks to ensure your financial security:
NDPR Compliance: Full compliance with the Nigerian Data Protection Regulation ensures your personal and financial data is managed with the highest standards of care
NDIC Standards: Operations align with Nigeria Deposit Insurance Corporation standards, providing an additional layer of protection for your money
CBN-Licensed Banks: Your funds are held in local banks that are fully licensed and regulated by the Central Bank of Nigeria
2. Where Your Money is Actually Held
Important to Know: Bujeti is not a bank — it's a finance control platform. This means:
Your funds are not held directly by Bujeti
Instead, your money is securely stored in CBN-licensed Nigerian banks
Bujeti acts as the interface for managing and controlling these funds across your operations
You can find specific details about which bank holds your account here
3. Data Security Standards
Your financial information is protected through:
High-level data encryption
Compliance with Nigerian data protection laws
Secure access controls and authentication
Regular security audits and monitoring
What This Means for You
Your funds are protected by the same regulatory standards that govern Nigerian banks
Multiple layers of security ensure both your money and your data are safe
Regulatory oversight from CBN, NDIC, and NDPR provides peace of mind
Transparent operations — Bujeti clearly discloses how and where your funds are held
FAQs
Q: Is Bujeti a bank? No, Bujeti is not a bank. It's a finance control platform that helps you manage funds that are securely held in CBN-licensed local banks.
Q: Who insures my funds? Your funds benefit from protections under NDIC standards through the licensed banks where they're held.
Q: Can I see which specific bank holds my account? Yes, you can find this information by visiting the account bank details article.
Q: What happens if Bujeti experiences technical issues? Since your funds are held in regulated banks (not on Bujeti's platform), they remain secure even if Bujeti experiences any technical issues.
Q: Where can I learn more about Bujeti's compliance? Visit Bujeti's compliance page for detailed information about security standards and regulatory compliance.