Debt Recovery and Insolvency

OAL is undisputedly a leading Debt Recovery and insolvency Law Firm in Nigeria. We are a market leader in Debt Recovery and Insolvency Practice and we adopt diverse legal tools for the recovery of debts.

Debt Recovery and Insolvency Law Firm in Nigeria

Our specialised Debt recovery team act for the largest Nigerian Banks, Financial initiations and personnel, and the Asset Management Corporation of Nigeria (AMCON) in recovering non-performing loans. Our recovery process starts with a well laid down strategy pursued with vigour until the matter is resolved.

Our firm has a strong Insolvency practice and offers comprehensive services in corporate restructuring led by commercial Insolvency, insolvency-related litigation, negotiated settlements, security interest enforcement, and corporate debt restructuring. We represent many clients, including public and private companies, financial institutions, etc.

Our lawyers have been appointed as receivers/managers and liquidators of insolvent entities and assets. Also, we have expertise in conducting forensic investigations by way of comprehensive due diligence. OAL is a member of INSOL and the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIAN).


We offer the following Insolvency related Services:

  • Negotiation with Creditors for Settlement
  • Acquisition and Sale of Distressed Assets
  • Restructuring under Arrangement with Creditors
  • Bi-lateral Debt Restructuring Liquidation
  • Enforcement of Security Interest Facility
  • Security and Credit Reviews for Lenders and Borrowers

Consult Our Debt Recovery Lawyers

We employ hybrid of possible options in Recovery revolving around the 3 Basic approaches enumerated above.

The Litigation Model has not proved to be very effective for quick recovery as we have to face several challenges, including waste of time and costs. It is always our last option. We encourage entities to ‘switch’ from the Loan Recovery to the Business Recovery Model. We had more debts restructured and performing with the Business Recovery Model than we got with the Litigation Model.

We encourage the Business Recovery Model where practicable as an effective tool for debt recovery – This will ensure a WIN-WIN outcome as opposed to Litigation model which is WIN-LOSE outcome.

Download Debt Recovery Guide

In the course of practice, OAL has identified areas in which the banks can leverage on their As debt recovery and insolvency practitioners, loan documentation as a veritable tool in the OAL has carried out numerous debt recovery process. This advisory mainly focuses instructions on behalf of the banks and also on best practices that will improve the bank’s AMCON.

We have conducted legal audits for recovery process. major banks to ascertain the value and enforceability of their collateral risk assets.

Download Loan Documentation; The Lawyer’s Guide

The Debt Recovery and Insolvency Team

Get in touch with our team

Our focus at Olisa Agbakoba Legal has always been to push through new boundaries to find solutions to legal issues and win the confidence of our clients.

Excellent work. The OAL as a whole impressed me with its consistency and hard work. Without a doubt, I would advise someone in need of an arbitration lawyer to give OAL their best shot. Good people who want to make us happy. Thank you a lot.

Charles Peter

ADR & Arbitration Client

Fantastic law firm. It’s a pleasure to work with someone who is so efficient and quick to work with. Thank you so much for your dedication and hard work. Thank you for looking after me so well. I will still refer your firm to everyone I know who needs legal advice.

Williams Adeleke

Corporate Advisory Client

To be honest, Olisa Agbakoba Legal is a pleasure to work with. They handle your case as though it were their own, and they treat you as family members rather than clients. We wish OAL the best of luck and will recommend them for any potential legal advice.

Silvia Chukwuka

Dispute Resolution Client