Doing business in Nigeria offers strong opportunities in import/export, FMCG and wholesale distribution – but like any fast-growing market, it also carries payment risks. Late payments, disputed invoices and outright defaults can quickly erode margins and damage cash flow, especially for foreign companies unfamiliar with local practices.

In this context, working with a money recovery specialist in Nigeria – and building better risk controls into your supply chain – can make the difference between sustainable growth and expensive write-offs.

Why businesses need a money recovery specialist in Nigeria

For companies trading into or out of Nigeria, payment challenges often arise from:

• Currency volatility and FX constraints

• Complex documentation in cross-border trade

• Misaligned expectations around quality, timelines or Incoterms

• Weak internal credit checks on new buyers

When disputes escalate, a money recovery specialist in Nigeria can help you pursue overdue invoices, negotiate settlements and structure repayment plans. Instead of handling sensitive negotiations from overseas, businesses can rely on local specialists who understand Nigerian business culture, legal processes, and enforcement options.

For importers, exporters and wholesalers, this support can stabilise cash flow and free internal teams to focus on operations rather than chasing debts.

Typical situations requiring a money recovery specialist in Nigeria

Across FMCG, industrial supplies and general merchandise, some common scenarios include:

• Unpaid invoices after delivery – where buyers delay payment beyond agreed terms.

• Short-payments and deductions – linked to alleged quality issues or undocumented rebates.

• Broken distribution agreements – where a distributor holds stock but refuses or delays payment.

• Failed advance payments – where funds sent to a supplier are not matched with shipment or are significantly delayed.

In each case, a money recovery specialist in Nigeria will usually start with documentation review, assessing contracts, invoices, delivery notes and correspondence. From there, they choose a strategy: amicable negotiation, structured repayment, mediation, or escalation through legal partners if needed.

How to choose a reliable money recovery specialist in Nigeria

Selecting the right partner is critical. Consider:

• Sector experience – Do they understand import/export, FMCG or wholesale distribution, not just generic debt collection?

• Local and cross-border capability – Can they communicate effectively with overseas principals and local buyers?

• Transparent fee structure – Are terms clear (success fees, retainers, legal costs) and proportionate to the amounts involved?

• Compliance and ethics – Do they follow professional, compliant methods, protecting your brand and relationships?

A credible money recovery specialist in Nigeria should act as an extension of your finance and credit control team, preserving viable relationships while recovering funds where possible.

Preventing the need for money recovery in the first place

While recovery specialists are invaluable when problems arise, prevention is always cheaper. Practical measures for businesses trading with Nigeria include:

• Stronger credit checks on new buyers and distributors

• Clear, written contracts specifying payment terms, delivery conditions and dispute resolution mechanisms

• Using more secure payment terms (letters of credit, partial prepayments, escrow, or step-payments linked to milestones)

• Tight document control for shipping, customs and proof of delivery

• Regular statement reconciliations to catch issues early

By combining preventive credit risk management with access to a money recovery specialist in Nigeria when needed, businesses can operate more confidently in the market.

How Wigmore Trading supports secure trade and reduces recovery risk

Wigmore Trading is active across African trade, supporting companies that source, distribute and move goods in and out of Nigeria and the wider region. While Wigmore is not a law firm or debt collection agency, its trading and logistics experience helps partners reduce the likelihood of needing a money recovery specialist at all.

In practice, this can include:

• Careful vetting of suppliers and buyers within established networks

• Structuring deals with practical, enforceable payment terms suited to the market and product type

• Accurate documentation and logistics management to minimise disputes over delivery and quality

• On-the-ground insight into typical payment behaviours and risk signals

Because Wigmore Trading is involved in sourcing, distribution and logistics, it helps clients design trade flows that are easier to control and easier to prove — making any eventual recovery action faster and stronger.

Integrating money recovery into your wider supply chain strategy

Engaging a money recovery specialist in Nigeria should be part of a wider risk framework, not just a last-minute reaction. For example:

• Finance teams define thresholds for when overdue amounts are escalated.

• Legal counsel ensures contracts and terms support enforcement.

• Trading partners like Wigmore Trading design supply routes, documentation and payment structures that align with this strategy.

The result is an ecosystem where every shipment, invoice and payment is easier to track, verify and defend if disputes arise.

Conclusion: Building confidence in Nigerian and African trade

Nigeria remains a vital entry point into West Africa’s consumer and industrial markets. The potential rewards for importers, exporters and wholesalers are significant – but only if payment risk is under control.

By combining preventive credit controls with access to a professional money recovery specialist in Nigeria, and by working with experienced trading partners that understand the regional landscape, businesses can trade with far greater confidence.

Wigmore Trading can help you structure, document and move your goods in ways that support secure payment and simpler dispute resolution.

Contact Wigmore Trading today to streamline your sourcing and protect your cash flow.