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DEBT RECOVERY

What we do: DEBT RECOVERY

Emanuel Chambers has an uncanny sense for “chasing the money” on behalf of clients. Using our knowledge of the law of contract, banking, hire-purchase, commerce, etc., we recover debts owed to our clients. Our lawyers have a rich appreciation of the time-value of money and understand that a debt loses value unless monetary realities reflect in an award or judgement. Together with our team of allied financial experts, we provide Courts and Tribunals with the legal impetus for the appreciation of debts and the indices to compute by. Afe Babalola & Co. successfully represented the Respondent in UBA Plc. v. BTL Ltd (2006) 19 NWLR (Pt. 1013) 61, a multi-billion Naira dispute in which the Respondent was awarded financial compensation in excess of ₦7 billion.

On behalf of commercial banks, Afe Babalola & Co. successfully recovers debts from recalcitrant debtors using a combination of interim, interlocutory and final orders of the Court, where appropriate.

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