Though ADR mechanisms as well as modern recovery strategies play
an important role in prompt debt recovery, the importance of the
traditional collection methods by the Courts cannot be underrated.
Collection agencies resort to Court to either commence actions to
recover debts from obstinate debtors or apply for leave of Court to
register and execute a judgment or arbitral award. However, the
undue delay in the resolution of cases is an impediment to the
collector's onerous task. Interestingly, the Chief Justice of
Nigeria's practical steps towards checking the delays
associated with the justice delivery system at various levels of
the judiciary is already reaping dividends.
Unlike other jurisdictions where debt collectors are required to
be licensed and an applicant for debt recovery license is required
to demonstrate a basic knowledge of the debt collection legislation
and his character is tested prior to being considered for a
license, in Nigeria, there is no
