1. Costs - No Win No Fee! 

Having long standing relationships with all our overseas partners we have agreements to provide these services on a NO WIN NO FEE basis charging the agreed commission rate against monies recovered only. 

2. Coverage in Nigeria 

We cover all 36 states and the Federal Capital Territory, Abuja. Our local offices are in Lagos and Abuja where we recover debts throughout all of Nigeria. 

3. Local Experience 

Unlike many of our competitors all cases are handled by the local office or partner. The reasons for this are they speak the debtors’ language. English is the official language in Nigeria but there are over 500 native languages spoken. Our partner understands the local cultures and knows all the legal processes. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas. 

4. Statute of Limitation in Nigeria 

6 years but there are many special exemptions so whatever the age please contact us and we will advise if we can assist with your claim. 
Search a country below for debt collection: 

How to Instruct Us 

We simply require the following details: 
Full name & address of the debtor 
All available contact details of the debtor i.e. contact name(s) / Tel / Mobile / Email(s) 
Amount owed (Invoice(s) or Statement will help) 
PLEASE CALL US ON +44 121 442 5330 FOR FURTHER DETAILS 
Or ask us to call you – just leave us your details: 

Nigeria Debt Collection – No Win No Fee 

Creditreform operates a global specialist International debt collections service. We have local offices and fully approved expert international debt collection agency partners in every country worldwide. All our International debt collection agency partners and offices operate on a No Win No Fee basis charging an agreed commission against monies recovered only. All our international offices and partners initiate the collection processes by sending the debtors a debt collection letter to introduce their involvement. 
 
Main reasons why a local country debt recovery agency is so important rather than trying to recover from a debt collection agency UK are as follows: 
 
The local International Debt collection Partners know: 
 
The local cultures 
The best methods of initiating debt recovery letters and processes 
The languages 
The laws 
Are in the same time zones 
 
Herewith details of our debt collection service Nigeria: 

Location of debt recovery office in Nigeria? 

Ikoyi, Lagos and a correspondent office in Abuja, Federal Capital Territory. The local head office sends all debt collection letters. 

Number of debt collection staff? 

13. Each staff member is allocated a client and all their debt collection letters are personalised in order to effect the best response results from debtors. 

How long have you been operating a debt recovery service in Nigeria? 

In 2014, we began a debt collection service in Nigeria. We only receive payment if we are able to successfully collect the debt. Our debt collection agency list includes Nigeria. 
 
Commenced operations fully in 2014 but our Senior Partner has been in active law practice since 2004. 

What type of debt collection services do you provide? Do you do commercial debt recovery (B2B) and consumer debt recovery (B2C)? 

We handle both Business to Business debt recovery cases and Business to Consumer debt collections cases. Different templates exist for collecting debts from businesses and from consumers. 

Statue of Limitation in Nigeria? 

6 years for Simple Debts. 
Nigeria's civil litigation statute of limitations sets a time limit for when a plaintiff can sue a defendant. The statute of limitations in Nigeria is 6 years. If an action is taken within the time limit, the statute of limitations will be extended. 
 
After the time period ends, legal action cannot be taken unless the plaintiff can prove exceptional circumstances. Other Statute of Limitations include: 
 
Nigeria Open Account Years – 6 years 
Nigeria Promissory Notes – 6 years 
Nigeria Written Contracts – 6 years 
Nigeria Oral Agreements – 6 years 

How EU (European Union) laws effect debt collection in Nigeria? 

We apply general Conflict of Law provisions. As a Nigerian firm, we follow the General Data Protection Regulation (GDPR) when collecting debts from our EU partners. This helps us protect their data and ensures we comply with regulations. 
 
Nigeria is discussing a free trade agreement with ECOWAS and the EU. The agreement includes 16 African countries. This agreement involves 16 African countries. This is referred to as the Economic Partnership Agreement between the ECOWAS and the European Union. The other ECOWAS member states are Benin, Burkina Faso, Cape Verde, Ivory Coast, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mauritania, Niger, Senegal, Sierra Leone and Togo

How many companies registries in Nigeria for businesses (i.e. UK has just 1 central registry)? 

The main registry is the Corporate Affairs Commission (CAC), which has offices in various locations across the country. In Nigeria, there is one company registry called Corporate Affairs Commission. It is located at Plot 420, Tigris Crescent, Off Aguiyi Ironsi Street, Maitama, Abuja, Nigeria, Office 145. 
 
We have access to Nigeria Company Registry searches to find out who further background information on all Nigeria companies. 

What is the debt collection process in Nigeria? 

We request for invoices and any other relevant document/correspondence regarding the debt. We initiate contact with the Debtor either by issuing a letter of demand and/or email or telephone. When we get instructions, we try to respond within 30 days. 
 
We will inform you if we have contacted the debtor. If we can't reach them, we will let you know. We will also inform you if you dispute or admit the debt. 
 
Once we determine the status of the Debt and Debtor, we can advise the Client on their options. These may include requesting payment, arranging a payment schedule, pursuing legal action or mediation, or resolving the matter. 

Average length of time to collect a debt? 

The average time taken to recover a Nigeria B2B debt collection case varies from case to case. 

Can late payment fees / interest to be added to claims? 

The Creditor and Debtor must integrate this into the contract. In law, we cannot impose and demand late payment fees from a Debtor unless we receive instructions to do so. 

Details on legal service / process in Nigeria? 

Our process is like the UK's because we use the English Legal System and follow English Common Law principles. We uphold the same legal system as the UK. We also follow the same principles of English Common Law. 
 
In Nigeria, different rules apply to the legal process based on the type of court and subject matter. Different courts follow varying rules based on the subject they are addressing. Magistrate Courts, High Courts, Federal High Court and National Industrial Court. The territorial jurisdiction of the different states in the country also determines it further. 
 
Nigeria has 36 states and the Federal Capital Territory, Abuja. Each state has its own High Court and Magistrate Court Rules. The provisions are largely similar but they apply within the specific states. However, the Federal High Court and National Industrial Court is one court with judicial divisions spread across the country. 

Nigeria Business Credit Reports 

Creditreform provides over 88 million international business credit reports throughout Europe and 200 million international business credit reports worldwide. We provide current Nigeria Credit Reports for businesses to check before making deals. This helps ensure that the company can meet its responsibilities. 

Nigeria Skip Tracing Agents 

Creditreform uses local Nigeria tracing agents to find debtors who have disappeared.  

Specialist Debt Recovery Experts 

Recovering debts internationally, like in Nigeria debt collection has specific requirements different from the UK. Having expert international debt collection agencies handle these cases instead of UK debt collectors is crucial. 
 
Creditreform has a unique international debt collection method. They do not only use UK debt collectors like their competitors. We work with local offices and partners to increase our success rate. 
 
We collaborate with local offices and partners to improve our success rate. Our No Win No Fee service ensures that you pay only if we recover money. Additionally, our competitive commission rates guarantee that you receive the best service. 

Nigeria Debt Collection Partners in the following Nigerian Cities 

What is the legal system in Nigeria? 

In Nigeria, the legal system is based on Sharia in the northern states and common law in the south and at the federal level. 

What is the name of the Government Gazette in Nigeria? 

The Federal Republic of Nigeria Official Gazette is the name of the Gazette in Nigeria. 

Who are the main trading partners for Nigeria? 

The main import and export partner for Nigeria are India, Spain, Netherlands, Ghana, France, China, USA and Belgium

Which countries border Nigeria? 

Nigeria is located in West Africa and shares land borders with Benin in the west, Chad and Cameroon in the east, and Niger in the north. 

What is the Supreme Court in Nigeria? 

The Supreme Court of Nigeria (SCN) is located in Abuja and the government established it on 1st October 1963. 

Nigeria Debt Collection Agency FAQs 

1. How does a Debt collection agency in Nigeria recover overdue debts? 

The debt collection process begins with a letter sent to the person who owes you money. This letter informs them of the amount they owe and that we are assisting in collecting it. We then follow up letters with emails and telephone calls. From our experience the most effective part of this process will be the outsourcing to a third party debt collection agency in Nigeria as the debtor now has to resolve the debt and can no longer hide or provide lame excuses. 

2. How long does the debt recovery agency in Nigeria take to process a case? 

We will process the debt collection case immediately upon receipt and send a letter by email and post. You will receive an automated confirmation by return. 

3. What is the success rate for debt collection agencies in Nigeria? 

The success rate of the debt recovery case depends on a number of factors including the solvency of the debtor and whether the case has a legitimate dispute. Our aim is to recover every debt that is recoverable. 

4. Does the debt recovery agency in Nigeria operate a No Win No Fee debt collection? 

We handle debt collection cases on a No Win No Fee basis, only charging a commission on recovered funds. 

5. Why use a local debt recovery agency Nigeria? 

A debt collection agency in Nigeria is preferable to one from another country. This is because they speak the local language, understand the local laws, and work in the same time zone. This makes communication easier and ensures compliance with regulations. It also allows for more efficient coordination and resolution of debt collection issues. 

6. Are there any debts too old or too small for Nigeria debt collection? 

We will review all debt cases, regardless of age or size. We will recommend the best methods to recover them. We will use a debt collector in Nigeria. 

7. How do I instruct the debt collectors in Nigeria? 

You initiate the case by emailing details of the debt, debtor, and amount to be recovered. 

8. What evidence do I need to provide when instructing the Nigeria debt collector? 

When instructing the debt collector in Nigeria just provide copies of invoices/statements, debtor contact details and any relevant information you may have to assist with the recovery process. 

9. Who does the debtor pay? 

Usually, the debt collector in Nigeria will ask for payments to be sent to the client. If that's not possible for any reason, they will take the payment themselves. If we take payment, we will process and send cleared funds to the client immediately. 

10. Can I instruct multiple cases? 

You can send unlimited debt case instructions. Our systems will automate volume cases to meet your requirements. 

11. Can you trace debtors in Nigeria? 

Through our network of skip tracing agents we have an extremely high success rate of locating your absconded debtor. 

12. How long does the debt collection process take? 

On average the debt collections process takes 90 days to resolve an amicable debt recovery case. A number of factors can delay this process but we will keep you informed every step of the way. 

13. What are my options if debt collection in Nigeria is not successful? 

If the debt recovery service is not successful we will advise you of your options including legal actions. Please note that we will not take any legal actions or other processes without prior instruction from you.