Legal Notices, Non-Affiliation & Disclosures

Regulatory Status, Investing Scope & Non-Affiliation Statement

PIF Africa is an independent advisory, consulting, structuring, and principal investing company operating under its registered corporate structure in Nigeria.

PIF Africa is not affiliated with, endorsed by, or connected to:

• The Public Investment Fund (PIF) of the Kingdom of Saudi Arabia;
• Any entity branded solely as “PIF” outside the African advisory context;
• Any sovereign wealth fund, state-owned investment authority, deposit-taking institution, licensed bank, collective investment scheme, or similarly named organisation.

Any similarity in acronym is coincidental.

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Nature of Our Services

PIF Africa provides:

• Advisory and consulting services;
• Structuring and governance support;
• Administration and stewardship coordination;
• Principal investing using its own balance sheet capital.

For clarity: “Investing” refers to capital deployed by PIF Africa in its own capacity (principal investing), co-investment structures, advisory-linked investing, or fee-to-asset conversion arrangements.

PIF Africa does not:

• Accept deposits from the public;
• Pool public funds for investment;
• Operate a collective investment scheme;
• Hold or custody client funds or assets;
• Operate client investment accounts;
• Provide discretionary portfolio management services;
• Act as a licensed fund manager, broker-dealer, pension administrator, insurer, trustee, or deposit-taking institution;
• Guarantee returns or insure capital.

Where financial instruments (e.g., equities, bonds, mutual funds, money market funds, commodity exposure) are involved, execution and custody occur directly between clients and appropriately licensed third-party financial institutions.

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Investment Modalities

PIF Africa’s investing activities may include:

1. Advisory and consulting-linked capital deployment;
2. Fee-to-asset conversion (where professional fees are settled through asset transfer rather than cash);
3. Returns-driven principal investing;
4. Capital deployment through licensed financial partners;
5. Direct enterprise investing using structured instruments.

Such activities are undertaken using PIF Africa’s own capital or contractual arrangements and do not constitute deposit-taking, public fund management, or regulated securities dealing.

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Regulatory Position

PIF Africa operates within the limits of applicable Nigerian law.

All regulated financial services, including custody, brokerage execution, securities trading, and licensed asset management, are conducted exclusively by appropriately licensed third-party institutions.

Privacy Notice

1) What this notice is 

This Privacy Notice summarises how PIF Africa (“we”, “us”) handles personal data on our 

website and across our engagements. It should be read together with our governing terms: 

• Terms of Business (Institutions) 
• Disclaimer & Terms for Individual Advisory & Consulting Engagements 

Where there is any inconsistency, the relevant engagement terms above apply. 

2) What we collect 

Depending on your engagement and service line, we may collect the following information (non-

exhaustive): 

• Contact and identification details (e.g., name, email, phone, ID details where required) 
• Engagement and suitability/intake information (e.g., CIP responses and related communications) 
• Operational data needed to deliver services, manage records, and communicate with you 

Data categories and usage expectations are further described in the documents above. We collect 

only what is reasonably necessary for service delivery, recordkeeping, and compliance.  

3) How we use your data 

We use personal data to: 

• Provide advisory and consulting services and deliver agreed outputs 
• Maintain internal admin, workflow, record-keeping, and quality/risk management systems 
• Communicate with you through channels used in onboarding (e.g., email/phone/WhatsApp) 
• Comply with applicable legal and regulatory obligations 

We do not sell personal data. 

Where service delivery requires coordination with third-party providers (including banks, asset 

managers, trustees, platforms, professional advisers, vendors, partners, or affiliate entities), we 

may share relevant information strictly to the extent reasonably necessary for execution of the 

agreed engagement. 

Once you engage directly with any such third party, their own terms, privacy policies, and 

marketing practices apply. PIF Africa is not responsible for independent communications, 

marketing materials, or promotional outreach issued by those third parties. 

4) Confidentiality and third parties 

We treat client information as confidential and use it only for service delivery and permitted 

internal purposes. In delivering our services, we may use third-party systems, subcontractors, 

vendors, affiliate entities, and professional partners for workflow management, communication, 

storage, analysis, implementation support, or related functions. 

By engaging PIF Africa, you acknowledge and accept that such service providers may process 

information incidental to our work. While we take reasonable steps when selecting and engaging 

service providers, PIF Africa does not control and cannot guarantee the independent data 

handling practices, security standards, or confidentiality procedures of third parties. To the fullest 

extent permitted by law, PIF Africa shall not be liable for acts, omissions, breaches, system 

failures, or data practices of independent third-party providers. 

Employees, consultants, subcontractors, and service providers engaged by PIF Africa are subject 

to contractual confidentiality, conflict-of-interest, and non-disclosure obligations as appropriate 

to their role. 

However, confidentiality obligations operate within practical and legal limits. While PIF Africa 

takes reasonable steps to select, contract with, and supervise such persons, we do not and cannot 

guarantee the independent conduct, future actions, security practices, or post-engagement 

behaviour of individuals or third parties once information has been lawfully accessed in the 

course of service delivery. To the fullest extent permitted by law, PIF Africa shall not be liable 

for unauthorised disclosures, misuse of information, or breaches arising from the independent 

acts, omissions, misconduct, or failures of third parties, former personnel, subcontractors, 

consultants, or service providers beyond our reasonable control. 

5) AML/KYC  

PIF Africa applies a risk-based and proportionate approach to AML/KYC screening as 

appropriate, consistent with applicable laws and regulatory expectations for our advisory context. 

This may include requesting limited identification details and conducting public-domain 

screening where necessary. 

We reserve the right to decline, suspend, or terminate any engagement where compliance 

concerns arise, required information is not provided, or regulatory risks are identified. In such 

circumstances, fees for services performed up to the date of suspension or termination remain 

payable in accordance with the applicable engagement terms. 

6) Data security, systems and retention 

We implement reasonable administrative, technical, and organisational safeguards appropriate to 

the nature of our advisory and consulting activities. However, no system, transmission method, 

storage platform, or electronic process can be guaranteed to be completely secure. 

PIF Africa may rely on third-party technology platforms, cloud infrastructure, communication 

systems, payment processors, and workflow tools in delivering services. Service interruptions, 

system failures, cyber incidents, delays, or data loss may occur despite reasonable precautions. 

To the fullest extent permitted by law, PIF Africa shall not be liable for loss, corruption, 

unauthorised access, system outages, cyber events, or operational disruptions arising from or 

connected to third-party systems, force majeure events, internet infrastructure failures, or 

circumstances beyond our reasonable control. 

We retain data only for as long as reasonably necessary for service delivery, internal 

recordkeeping, risk management, or applicable legal and regulatory obligations. Retention 

periods may vary depending on engagement type and jurisdiction. 

7) Your rights and requests 

Subject to applicable law, you may request access, correction, or deletion of your personal data 

(where legally permissible). We may request verification of identity and/or conducting additional 

checks or requesting for additional information  before responding to certain data requests.​

Contact: admin@pifafrica.org with legal.gov@pifafrica.org in copy  

8)  Limitation of Liability in Relation to Data 

Nothing in this Privacy Notice expands or modifies the limitation of liability provisions set out in 

the applicable engagement terms. 

To the maximum extent permitted by law, PIF Africa shall not be liable for: 

• Indirect, incidental, consequential, or special loss 
• Loss of profit, opportunity, goodwill, or anticipated benefit 
• Actions, omissions, or marketing communications of third-party providers 
• Regulatory, compliance, or reporting obligations imposed directly on clients 
• Decisions taken by clients or third parties based on shared information 

This Notice is provided for transparency purposes and does not create additional contractual 

rights beyond those set out in the governing engagement documentation. 

9) Updates 

We may update this Privacy Notice from time to time. The current version will be published on 

our website. 

Effective Date: 1 February 2026