What is Debt Recovery?
Debt Recovery is a means of any loan, advance, credit, accommodation guarantees, or any other
facility together with the interest thereon which is outstanding and unpaid against clients of a bank in favour of the bank
Failed Bank Recovery Debt and Financial Malpractices
Statutory Frameworks Central Bank of Nigeria Act 2007 Investment and Securities Act (ISA) 2007 Securities and Exchange Comission Rules 2013 Banks and Other Financial Institutions Act (BOFIA) 2020 Nigerian Deposit Insurance Corporation Act (NDIC) 2006 Asset Management Corporation of Nigeria Act (AMCON) 2015 Failed Bank Recovery Debt and Financial Malpractices Act 2004 Secure Movable Assets Act 2017
Debt Recovery Techniques
- Negotiation
- Meditation
- Lawsuit
