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) 
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. All debt collection letters are sent by the local head office. 

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? 

We have been operating an African debt collection service on a no win no fee basis in Nigeria since 2014. Nigeria is included on our debt collection agency list
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. There is different content for business to business debt collection letter templates and business to consumer debt collection letters templates

Statue of Limitation in Nigeria? 

6 years for Simple Debts. 
Nigeria civil litigation statute of limitations is a law that time limits a plaintiff’s right to bring a claim against a defendant. The statute of limitations in Nigeria is 6 years. However, if an action has been taken within this time then the statute of limitations time will be extended to account for this. Once the specified time period elapses then no action can be taken through the legal processes unless the plaintiff is able to 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. However, for purposes of debt collection and specifically as it relates to data protection in our dealings with our EU partners, as a Nigerian Firm, we have taken into cognizance the provisions of The General Data Protection Regulation (GDPR) in working either as a Controller or a Processor and this guides our debt collection practices with our EU partners. 
Nigeria is in discussions over a free trade agreement (FTA) as part of The Economic Community of West African States (ECOWAS or CEDEAO in French) which included 16 African states together with the European Union (EU) in 2014. 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)? 

One Centralised Registry and this is the Corporate Affairs Commission (CAC) but this Commission has offices in different parts of the country. 
There is 1 company registry in Nigeria which is called Corporate Affairs Commission located at Plot 420, Tigris Crescent, Off Aguiyi Ironsi Street, Maitama, Abuja, Nigeriaia, 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. Upon receipt of instructions, our office maintains an initial 30 day turn around time within which we are able to determine if the debtor has been contacted, cannot be contacted or located and/or if the debt is disputed or admitted. 
Upon determining the position state of the Debt and Debtor (as stated above), we are able to advise the Client on the next line of action which is either an outright demand for the payment of a debt, a negotiated payment plan, litigation/mediation/arbitration or a closure. 

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? 

Only if this is integrated in the contract between the Creditor and Debtor. We cannot (in law) impose and demand late payment fees from a Debtor unless we are so instructed. 

Details on legal service / process in Nigeria? 

Our process is pretty much the same as the UK as we follow the English Legal System and we still uphold English Common Law principles. We have different Rules guiding litigation process in Nigeria and this is determined by subject matter jurisdiction of different courts e.g. Magistrate Courts, High Courts, Federal High Court and National Industrial Court. It is also further determined by territorial jurisdiction of the different states in the Country. Nigeria has 36 states and the Federal Capital Territory, Abuja and each state has its own set of 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 freshly investigated Nigeria Credit Reports which can be done prior to trading to make sure the company you will be dealing with can meet the commitment or once the debt becomes overdue to ensure the debtor can meet the amount owed. 

Nigeria Skip Tracing Agents 

Creditreform’s debt collection company service also uses an expert local Nigeria tracing agent services to locate any absconded debtor.  

Specialist Debt Recovery Experts 

There are many unique requirements to recovering international debts in all countries including Nigeria debt collection services which differ from the UK and therefore it is very important that cases are handled directly by our expert international debt collection agencies and not from debt collectors UK. This method of international debt collection sets Creditreform aside from the competition who in many cases try and recover debts from a UK debt collector only. Using the local offices and partners enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service. 

Nigeria Debt Collection Partners in the following Nigerian Cities 

What is the legal system in Nigeria? 

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

What is the name of the Government Gazette in Nigeria? 

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

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 which was established 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 is initiated by an introductory letter to your debtor stating the amount owed to you and informing them of our involvement. Letters are then followed up 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? 

The debt collection case will be processed immediately up receipt and a letter sent normally 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 take on all debt collection cases on No Win No Fee basis only charging the agreed commission against monies recovered. 

5. Why use a local debt recovery agency Nigeria? 

The reasons for using a local Nigeria debt collection agency than processing from a different country is the debt collector in Nigeria speaks the local language, knows the local laws and operates in the same time zones. 

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

We will assess all debt cases, irrelevant of age and size and then advise the best processes to recover these through the Nigeria debt collector. 

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

Instructing the debt collectors Nigeria is a simple process. You just email details of the debt, debtor and amount to be recovered and the case can be initiated. 

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? 

In general the debt collector in Nigeria will request payments to be sent directly to the client but if not possible for any reasons will take payment directly. If payment is taken then cleared funds will be processed and sent to client straight away. 

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. There are a number of factors that 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 no legal actions or other processes will be taken without prior instruction from you. 
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