Debt Recovery Services

Debt collection agencies are the most common providers of debt collection services. And different debt collection firms use varied methods and solutions to successfully recover debt. Debt recovery specialists work in debt collection, which is the process of recovering bad debts or delinquent amounts owing to the debt recovery agency’s clients. A large proportion of creditors seek the help of a debt collection firm after attempting to recover debts on their own and failing to do so. Debt collection may appear to be challenging and complex, but we make every effort to assist our clients in recovering their debts. Our recovery procedure is valuable, and it is founded on the principle of “No recovery, No pay.” We will only collect a service charge from the total debt that has been recovered after we have completed several processes to assist you in recovering your debt. We help clients collect debts owing under loan agreements, negotiable instruments, promissory notes, and for items sold and delivered. We regularly sue business owners and other third parties who refuse to honor personal guarantees of corporate debts. Our practice concentrated on civil litigation, particularly commercial debt collection. In issues involving commercial litigation, debt collection, and the enforcement of creditors’ rights, our company has extensive expertise representing businesses, banks and other lenders, landlords, and a variety of other creditors.

When a debt collection agency is hired, the debt recovery procedure is less burdensome and more effective. We are a debt collection agency with a comprehensive understanding of the behavior of various Nigerian businessmen, which allows us to devise numerous ways to ensure that your money is recovered. This is why we are devoted to using every legal tool in our power to help you recover your debt. Among the services we provide are:

  • Recovery of long-term unpaid debts through persistent follow-up methods
  • Tracking and tracing of missing debtors is known as skip tracing.
  • Creating a flexible repayment plan for debt relief
  • Debt monitoring on a frequent basis to ensure fast collection
  • Acquisition and Sale of Distressed Assets
  • Restructuring with Creditors Arrangement Liquidation of bi-lateral debt restructuring
  • Security Interest Facility Enforcement
  • Lenders and borrowers are both subjected to security and credit reviews
  • Debt collectors who work for a profit
  • Third-party debt collectors for consumers
  • Third-party debt collection on a contingency basis

Information about Debt Recovery is required:

  • The following information should be provided when engaging with our client’s debt collection process:
  • The address of the individual who owes you money (the debtor)
  • The total amount due by the debtors
  • The debt’s duration or age
  • A copy of the evidence demonstrating the contract’s terms
  • A copy of any debtor’s acknowledgement email or letter in which he/she/it affirms that he/she/it will pay the debt.
  • Any disagreements between you and the debtor could benefit the debtor by allowing him to escape liability. Supplying poor goods, having items arrive late, or having goods with erroneous specs are examples of such challenges, although some of these allegations may not be factual on the debtor’s behalf. In order for us to be able to counter them, you must disclose them to us.


Nigeria recently passed a new law making it considerably easier for creditors and debt collectors to collect past-due money from borrowers. If there is an agreement in place between the creditor and the debtor stating the terms of the contract, the Act allows creditors to exercise their right to collect the amount owing without going through the courts.

If the credit transaction you signed with the borrower was covered by the Secured Transactions in Movable Assets Act, 2017, all you have to do in the event of a borrower’s default is give the borrower and the grantor written notice of the default and intent to repossess the collateral. You have 10 days from the date you sent the notice of default to either take ownership of the collateral or declare it inoperative. If the grantor agreed to release ownership without a court order in the Security Agreement, you can reclaim the collateral either by legal process or without it.

For amicable collection enforcement, creditors might show the agreement and confirmation statement to the police in the debtor’s location. With an agreement in place and documentary evidence, the prospects of recovering the debt are virtually 100% in the event that legal action is initiated. That is why it is critical to have a strong credit policy in place.

You might then proceed to request help from the Nigeria Police, who have power within the area of the debtor’s collateral if recovery without a court process is not possible. On presentation of a copy of the applicable security agreement and a legally verified confirmation statement, the police will assist you with the peaceful repossession of the collateral. If you plan to sell the collateral to pay off the debt, you must do so in accordance with the Act’s rules and without prejudice to the borrower’s, grantors, or another creditor’s right to redeem the collateral before the sale.


In delivering third-party debt collection services, we use the following six debt recovery processes:

  1. A deal with our customers

The first step in our debt collection process is to meet with our clients, either remotely or in person, to establish an agreement on the methods and techniques that will be used to achieve successful debt recovery.

  1. The debtors are served with a demand notice.

After the customer has submitted all of the debtors’ information, we send out a demand notice to each of them, informing them of the situation. This will be communicated via printed letter or email.

  1. Notifying the debtors by phone

Following the delivery of a demand notice to the debtors, the next step is to phone them and inquire about their plans for repaying the debt owed to our clients.

  1. Keep in touch

We follow up on the phone calls by contacting them frequently and using various pressure tactics to guarantee that they pay the amount outstanding.

  1. Notification of the deadline

We will issue an ultimatum notice to the debtor once the previous four steps have been completed and there have been no signs of positive or progress from the debtor’s side. The ultimatum notice will mention the amount of time he or she or it has to pay back the debt.

  1. Authorization of the law suit by the client

If the debtors do not answer after receiving a deadline notice, we should seek our client’s permission to file a lawsuit.

  1. Send it over to a solicitor

We shall employ the services of the solicitor in our company to our client’s advantage after acquiring the client’s approval for a law suit.

  1. A judicial decision

We are confident that the legal judgment will be in our client’s favor during the court process.

  1. Regeneration

The only alternative after the legal judgment is to recover all of your unpaid obligations from the borrowers.


  • Acquisition and Sale of Distressed Assets
  • Negotiation with Creditors for Settlement
  • Bi-lateral Debt Restructuring Liquidation
  • Restructuring under Arrangement with Creditors
  • Lenders and borrowers are subject to security interest enforcement and credit reviews.


In The Collection Industry, There Is Little Regulation.

In Nigeria, collectors are not required to be licensed to collect. As a result, unscrupulous people and methods have flourished in the country’s collecting sector. Nigeria is increasingly in need of corporate regulation.

There is no legislation governing liquidation and debt collection in the private sector, other than the Bankruptcy Act, general winding-up provisions under the Companies and Allied Matters Act, and the current Asset Management Corporation of Nigeria Act.

Other legislation will eventually follow the Asset Management Corporation of Nigeria Act, which founded the Asset Management Corporation of Nigeria to settle non-performing loan debts of banks.

We can assist you with recovering money in Nigeria without jeopardizing the integrity of your company. For a fair but firm collection strategy, our collections offices adhere to the highest ethical, professional, and customer service standards available.

Inaccurate Records

Tracking down debtors and resolving accounts in Nigeria is challenging due to poor record keeping in both private and official registries.

Many agencies still keep information manually, making it difficult to find new information. Basic information like name, contact information, and payment status may be wrong, and many regulations still store information manually, making it difficult to locate new information.

Furthermore, there is no single record of the people who live in Nigeria.

Some firms have recently attempted to implement record-keeping training in-house, and the government is beginning to move away from manual record-keeping methods and toward new computerized record-keeping methods. However, there is still more work to be done.


National Syndicate

We have a comprehensive network that allows us to reach out to your debtors in any Nigerian state.

Putting Strategies Into Action

Our recovery method begins with a well-defined approach that is relentlessly pursued until the problem is rectified. We are aware of our clients’ requirements and strive to provide them with high-quality service.

A High Rate Of Success

When it comes to debt recovery in Nigeria, we have a high success rate. We have a better likelihood of recovering the debt because of the techniques and procedures we use.

Our Fees

In all of our debt collection activities, we operate on a “No recovery, No payment” basis.


We have a team with a lot of expertise dealing with different businesses in Nigeria when it comes to debt recovery. Credit management professionals, lawyers, chartered accountants and bankers, recovery agents, and bad debt managers make up our team.

In Nigeria, I’m in charge of bad debt recovery. Years of steady success as a debt collection specialist have made us a force to be reckoned with in the Nigerian bad debt recovery market.

We are one of Nigeria’s market leaders in debt recovery, and we begin with a well-defined and systematic process that ensures that all efforts are made to recover your debt from your creditors.

A strong commitment

Our attitude to our clients’ debtors would be strict, but kind and friendly at the same time. This is to avoid causing a rift in the connection between the two parties.

Concentrate on other pursuits.

We assist our clients in freeing up their time and allowing them to focus their valuable time on things that are important to them by acquiring debt on their behalf.

There is no payment required up ahead.

We concentrate on the revenue earned by commissions on debts recovered rather than the revenue gained by legal action and billing.

Process of ethical recovery

We use an ethical recovery procedure in which we respect our clients’ and debtors’ relationships.

Coverage on a national scale

All of our third-party debt collection services are not confined to any Nigerian borders, thus we have a statewide reach.

In Nigeria, we provide third-party debt collection services to clients in Lagos, Asaba, Warri, Yola, Abuja, Port Harcourt, Damaturu, Owerri, Enugu, Yenagoa, Ogun, and other cities.

Skills in conflict resolution and skillful negotiation

When dealing with the debt recovery procedure, we have conflict resolution abilities and astute bargaining skills.

Organized installments

In addition, we have a payment plan in place for our third-party debt collection services. The amount owed by the debtor may not be able to be paid in full at once, which is why we provide payment plans that allow the debtor to pay weekly, monthly, or bi-annually.

Service that is suited to your requirements.

As a customer, our third-party debt collection services are tailored to your individual requirements and objectives.


Why should you work with us?

We are experienced, competent in law, commerce, and relationship management, as well as professional, result-driven, ethical, dependable, client-focused, and ethical.

How much does it cost to work with us?

There are no upfront costs. We operate on the No Recovery, No Fees concept. Only the cost of filing a case in court is borne by our client.

There are no fees for appearing in court. We believe in paying back the debt. If you accept litigation as a recovery alternative, you won’t have to pay any excessive legal fees.

What is the smallest number of accounts you will accept?

We don’t have a minimum amount of accounts receivable to recover.

What is the smallest amount of debt you can have?

N1,000,000 or the equivalent in US dollars

What kind of debt do you take on?

All sorts of debt are accepted.

How long will your efforts at pre-legal healing take?

It is dependent on the debtor’s case and situation. The extent to which he is willing to settle the obligation, admission of the debt, disagreement about the amounts owed, and the debtor’s financial status.

How do you go about getting out of debt?

On-time delivery of Demand Letters, Reminders, Phone Calls, and Personal Visits, Memorandum of Settlement, Litigation, and Judgment Enforcement

Do you accept the Age of Debts?

We accept loans that are no more than 6 years old.

Are you able to give Field Service?

We meet with the debtors at times that are convenient for them. There are no field agents.

Is there a need for documentation?

Yes. To know how to negotiate with the debtor, the type of the debt, and to be in a position to convince the debtor to admit the debt, we need documentation.

What kind of documentation am I looking for?

Invoices, Delivery Notes/Waybills, Statements of Account, Work Orders, Purchasing Orders, Letters of Award of Contracts, Agreements, Offer and Acceptance of Loans, Evidence of Payments Made, email correspondence, records of phone calls, SMS Chats, demand notices, debtors’ admission of debts, undertakings, promissory notes, dishonored cheques, and other evidence that supports the claim

If pre-legal action fails to compel debt payback, do you offer litigation services?

Yes, we do so in collaboration with a group of legal professionals that assist us in providing this service. No expenses are paid for court appearances, which is a win-win situation.

Is There Any Other Situations?

We will gladly welcome collection action from debtors who are in excellent financial condition and in a position to pay the amount or who have assets that can be seized and auctioned if we are forced to collect through litigation after mediation has failed.

Our team has years of expertise, including legal specialists that are familiar with court procedures and can help reduce the amount of legal fees.

Negotiating a debt settlement in Nigeria will necessitate a high level of expertise, expertise, and skills from a company that provides third-party collection services.


To learn more about how we can help you, please contact us or Call/WhatsApp 08023200801