Kelechi Adiele & Co. is the official debt recovery agent to many companies, particularly in the maritime and oil and gas sectors. Between 2016 and 2020, the Firm has recovered several millions of naira of debts owed to three of the leading shipping companies in Nigeria. The task requires the Firm engaging with debtors in different states across Nigeria, and deploying a blend of strategies ranging from negotiation, settlement conferences, mediation and, in some cases, litigation via the undefended list procedure and actions for enforcement of memoranda of settlement.
Some of the debts recovered on behalf of these companies arose from demurrage claims, clearing and forwarding services, leasing of equipment, barges, warehouses, etc. The Firm has also recovered on behalf of its clients, heavy sums of money following failed real estate and oil and gas investments. Many engineering and civil contractors, and suppliers of goods and services have equally taken benefit of the Firm’s expertise in debt recovery over the years.