CIS DRS

DEBT COLLECTION IN NIGERIA

Debt portfolio management & Debt collection in NIGERIA
We recover your bad debts for the success fee.

Do you have problems with commercial debts?

It is regular practice when a company is faced with problems of non-paying of outbound goods or services by its counterparties. Usually, such unscrupulous companies delay the debt payment referring to various problems with local markets. The debt recovery process in Nigeria, and in Africa in general, is complicated by language barriers (there are over 500 native languages spoken), banking policies and differences in business culture. Unfortunately, the concept of a "sustainable business culture" does not exist for most local companies. They do not understand the importance of maintaining business relationships, and only need to obtain goods or services.

Debt collection in Nigeria has its own characteristics associated with local customs and laws. The international B2B debt collection takes a lot of time and requires a lot of constant efforts and urgent action on the ground. CIS DRS is ready to help you in solving this issue.

The first step in every debt collection in Africa at all is the amicable way. In fact, this is the most preferable path, since litigation in Africa is not very promising and effective. Our team is doing everything possible to resolve the debt issue out of court. As our practice shows that most of the problem cases are resolved successfully already at this stage. Our lawyers are adept at negotiating and can convince the debtor to fulfill their payment obligations without resorting to court proceedings.

CIS DRS and debt collection in Nigeria

The services of CIS DRS include the full set of procedures and measures for amicably debt collection. It could be the full set or come off its separate stage, namely pre-collection, due diligence, soft or hard collection, insolvency and bankruptcy, enforcement of judgments. Additionally, it could be on-site visits to the debtor for credit evaluation and negotiation of payment schedules and end-to-end credit management solutions, including credit investigation and reporting of the debtor company. We continue controlling during all stages until the full recovery.

During all procedures CIS DRS regularly keeps you informed on the status of the collection case: current actions and further planning. We guarantee the total confidentiality of the provided data. Our agency with a worldwide network of lawyers and experienced professionals of lawyers, accountants, managers, finance professionals is ready to help our clients at any time. Our team speaks the debtor's language, we are aware of all the peculiarities of the mentality of local people and nationwide law, the principles of local companies, and the customs of local business. For example, there is an atypical long term statute of limitation in Nigeria, 6 years, but there are many special exemptions that should be considered.

Why does your business need CIS DRS?

Our agency works with commercial debt cases of varying complexity, including the cases with the long delays of payments. A big advantage for our clients is the absence of prepayment in the framework of pre-trial collection, which distinguishes us from all local lawyers. We are focused on the result for our clients, therefore, first of all, we put emphasis and efforts on achieving the satisfactory result, "win-win" principle. That means we do not charge our clients beforehand (except official legal and other official fees): our clients pay commission only for the result CIS DRS gains for their business.

Our numerous clients have already received their money back, including additional compensation for delayed duties. Some of them received a return of the goods and others kept receiving regular partial payments. We improve our customers' cash flow and credit management. But all of them obtained much more, they keep maintaining business relations with their customers, saving the credit trust, reputation, and the distribution market in Africa and other regions for their services and goods.

Please leave your request via the form below and we will contact you to discuss our assistance further.
AT A GLANCE
Serving Clients in NIGERIA for more than two decades
Debt Collection
  • analysis of trade documents in default
  • credit check of the debtor's company
  • strategy for peaceful settlement
  • drafting official demand letters
  • phone negotiations with debtor
  • personal negotiations with debtor
  • drafting restructuring plan
  • control of installment payment
Debt Management
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation
  • legal review of trade documents
  • translation of the documents
  • drafting a Power of Attorney
  • making a strategy of litigation
  • drafting and filing law-suit
  • application for assets seizure
  • participation in court hearings
  • obtaining judgment for client
Arbitration
  • legal review of arbitration clause
  • translation of necessary documents
  • drafting a Power of Attorney
  • making a strategy for arbitration
  • drafting and filing law-suit with IAC
  • application for assets seizure
  • participation in arbitration hearings
  • obtaining arbitral award for client
Enforcement
  • analysis of judgment or arbitral award
  • making a strategy of enforcement
  • drafting application for enforcement to local court
  • participation in court's hearings
  • obtaining writ of enforcement
  • filing the writ to Bailiff's Service
  • control of execution work
Bankruptcy
  • filing creditors claims
  • representing clients in creditors committee meetings
  • bankruptcy process monitoring
  • liquidators communication
  • regular reporting to client
  • assets recovery

DEBT COLLECTION SERVICES IN NIGERIA

No Recovery-No Fee.
CLAIM PROCESSING
  • Verifying Debtor's Address
  • Checking Debtors' Status in Database
  • Brief Report to Client
  • Case Strategy Design
  • Confirmation Receipt
  • Claims Automation System
  • Case Processing Starts Immediately
NEW CLAIM
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
1
2
3
3.1
  1. Get Proposal
  2. Forward for Client's Approval
  3. Collect Payment to Client
  4. CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
  1. Send In-house Demand Notice
  2. Whether Disputes (if yes)
  3. Get Proposal from Debtor
  4. Forward for Client's Approval
  5. Collect Payment to Client (if approved)
  6. Suggest Court Case If Worth (if no)
  7. CLOSE
Whether Responds Negatively (if no)
3.3
  1. Convince for Amicable Settlement
  2. Get Proposal
  3. Forward for Client's Approval
  4. Collect Payment to Client (if approved)
  5. CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time

  1. Current Status of Each Case
  2. Collection Efforts Our Lawyers Have Already Done
  3. What Should Be Done Further
  4. Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT?
WE CAN HELP YOU!

Just fill in the form and we will revert to you ASAP
FOR DEBT COLLECTION IN AUSTRALIA:

TEL: +61-893-06-1777
EMAIL: africa@cisdrs.com

PO Box 576, 6946 Wanneroo Western
Australia AUSTRALIA

We work Monday to Friday, 9 AM - 6 PM (GMT-7)
Made on
Tilda