Debt Recovery

At Afe Babalola & Co., we excel in the critical and complex process of debt recovery, leveraging our deep understanding of contract law, banking and financial services industry regulations, hire-purchase agreements, and commercial best practices to effectively pursue and recover outstanding debts. Our approach is driven by a keen awareness of the time-value of money, recognizing that debts lose value over time unless swiftly and adequately addressed through legal action.

Our team is proficient in presenting compelling cases before courts and tribunals, strengthened by our strategic collaboration with financial experts who provide precise evaluations of debt value and computation methods. This integrated approach ensures that we secure fair and substantial recoveries for our clients.

We extend our services to commercial banks and other financial institutions, employing a strategic blend of interim, interlocutory, and final court orders to recover debts from persistent defaulters. Our thorough and methodical approach guarantees effective results while upholding the highest standards of legal practice.

A notable example of our success is our representation in the landmark case UBA Plc. v. BTL Ltd (2006) 19 NWLR (Pt. 1013) 61, where we secured a financial award exceeding ₦7 billion for our client in a multi-billion Naira dispute. This case underscores our expertise in handling high-stakes debt recovery matters and achieving exceptional outcomes.

Afe Babalola & Co. remains at the forefront of debt recovery, providing clients with rigorous and efficient solutions that safeguard their financial interests and ensure justice throughout the recovery process.