There are several lawful procedures/options available for recovery of debts in Nigeria, which may be adopted by an individual or corporate organization; likewise, legislative frameworks in Nigeria have made express provisions for formal restructuring and insolvency proceedings in the form of takeovers, mergers & acquisitions, bankruptcy or winding-up proceedings.

W&P has a team of seasoned lawyers with expertise in providing legal advisory, litigation and ADR services on all aspects of Debt Recovery and Insolvency Practices. We are also very proficient in fashioning effective measures of recovering non-performing loans to the advantage of our corporate clients and where necessary, initiating Winding up proceedings against the borrowing companies where viable and instituting legal action against the companies to enforce guarantees where applicable.