Terms and Conditions

Anyone who wishes to be a subscriber to MJFI must read and agree to the following terms and conditions:

Subscribers

  1. A subscriber is one who has paid the subscription fee, registered and has been assigned a registration number from MJFL.
  2. Subscribers are to work towards the growth of MJFI through either or both of the following: selling of products exhibited on the company website; referring people to subscribe to the platform.
  3. Subscribers are allowed to market their own real estate products on the MJFI platform for free.
  4. Every subscriber is required to visit the MJFI website at least once in a month. Failure to do this will attract a warning mail.
  5. Warning mails are issued once in a month.
  6. Any subscriber who receives three warning mails within six months will have their referral status frozen.
  7. Freezing of referral status means that the subscriber has lost the right to grow to the next stage on the platform, but can still buy, sell and earn commission on sales on MJFI platforms
  8. Subscription fees are non-refundable.

Referral Reward

  1. A subscriber who want to earn referral bonus and stand the chance of being a director must refers 4 new subscribers within 4 months.
  2. Once a subscriber refers 4 new subscribers, they have completed the stage 1 and are paid the stage one referral bonus.
  3. Once the four new subscribers under an older subscriber register their own 4 new subscribers each, they have completed stage 1, while the older subscriber has completed stage 2 and they earn the bonus for their respective completed stage. The process will continue until the subscriber gets to stage 11.
  4. On the completion of stage 11, the subscriber shall use their earnings for that stage to procure a property from MJFI, except where there is no property available for sale.
  5. Where a subscriber opts for cash payment instead of an apartment, at stage 11, a 10% surcharge will be applied to their entitlement and the balance will be paid to them – subject to relevant tax laws.
  6. Where there are no available property, MJFI reserves the right to make a cash payment of N6,500,000 to the subscribers in lieu of an apartments – subject to relevant tax laws.
  7. The first 500 subscribers to complete stage 11 will be awarded a non-executive director position and MJFI will pay them salary throughout their life time.
  8. When a subscriber completes stage 11 after the first 500 have been picked, their referral status will be frozen, which means they can no longer grow on the platform, but can still buy, sell and earn commission on sales on MJFI platforms.
  9. Any subscriber who fails to refer and register 4 new subscribers within four months will have their referral status frozen
  10. Freezing of referral status means that the subscriber has lost the right to grow to the next stage on the platform, but can still buy, sell and earn commission on sales on MJFI platforms.
  11. Once a referral status is frozen, it cannot be reversed. Such a subscriber must register afresh if they want to earn referral rewards.

Commission

  1. When a subscriber sells any product on the platform, they earn 50% of the available commission on the sale of that product.
  2. If a product being marketed by a subscriber is sold by the same subscriber, the company will take one percent of the selling price as commission.
  3. If a product being marketed by a subscriber is sold by another subscriber, the company will take one percent of the selling price, while the seller will take one percent as commission.

Taxes & Surcharges

  1. MJFI reserves the right to deduct applicable taxes and administrative cost from the subscribers, earnings for remittance to the appropriate authorities.
  2. Where a subscriber opts for cash payment instead of an apartment, at stage eleven, a 10% surcharge will be applied to their entitlement and the balance will be paid to them.
  • All payments by MJFI are subject to the relevant tax laws of Nigeria.

Termination

  1. Any subscriber who misleads/misrepresent the company in any manner or defrauds or tries to defraud the company, other subscribers or other members of the public through this or any other MJFI platform, will be terminated as a subscriber.
  2. Where the company believes that there is a need to do so, such terminated subscriber will be made to face the law.