For lenders with overdue accounts

A lawyer-led process for loan recovery.

Start with a defined pilot. Agree what files are in scope, what records are needed, the fees and the reporting before any borrower is contacted.

Accountability at every stage

Every letter is reviewed by a practitioner. Court filing and other material next steps require the lender’s written approval.

How it works

Start with a small, agreed scope.

  1. Agree a pilot

    The firm and lender agree the account types, scope, fees, reporting and approval points before any files are accepted.

  2. Share the records securely

    Provide only the borrower and loan information needed for the agreed work, including the loan terms, account statement, repayment history and prior notices.

  3. Review every file

    Missing information is flagged. A lawyer reviews and signs each demand letter before service; no court step is taken without written approval.

  4. Track and report

    The parties agree how service, replies, payments, disputes and next steps will be recorded and reported during the pilot.

Pricing and approval

Fees and reporting are agreed before the pilot.

The standard demand-letter options are ₦20,000 when the lender serves the reviewed letter and ₦40,000 when Pandas LP serves it. Portfolio pricing, reporting and any further court work are agreed in writing for the particular engagement; court fees are separate.

For single business debts, see business debt recovery.