This is placeholder draft content written for the current mock version of OurMoni. It has not been reviewed by a qualified Nigerian fintech lawyer, does not reflect final company or regulatory decisions, and must not be treated as legally binding or as proof of compliance.

Payout order is fixed in the order members join at circle creation, and does not change afterward, to keep the circle fair to every member.

Each cycle, every member contributes the circle's fixed contribution amount from their OurMoni wallet, confirmed with their transaction PIN.

A cycle's payout only releases once every member has contributed for that cycle — there is no partial payout. The moment the last member pays in, the full pot is swept automatically to whichever member holds that cycle's position, and the next cycle begins.

Each circle defines its own contribution deadline and grace period, shown on the circle's own detail page. What happens once a deadline passes without a contribution is not yet enforced by the app itself — see Defaults and disputes.

Consequences for a member who never contributes for a cycle (beyond the payout simply not releasing until they do), and how disputes between circle members are handled, are pending confirmation.