ORA EGBUNIKE & ASSOCIATES
When a borrower defaults on a real estate-secured obligation -- whether through legislation, market conditions or financial distress -- the lender faces a problem that is simultaneously legal, financial and operational. The collateral needs to be valued. The recovery strategy needs to be structured. The regulatory framework needs to be navigated. And time is working against you.
OEA's asset recovery team has operated in exactly these conditions across Nigerian financial markets for 40 years. We understand how the CBN, AMCON, the Federal High Court and Nigerian commercial banks assess recovery claims. We know what a defensible distressed asset valuation requires and what an independent receiver manager is expected to do. Our engagements are structured to close -- not to generate ongoing advisory fees.
All asset recovery mandates are handled with the discretion that the circumstances require. Enquiries are treated as confidential from first contact.
Valuations accepted by CBN, AMCON, all Nigerian commercial banks and Federal High Court
All recovery mandates handled with full discretion from first contact to final settlement
Recovery structures designed to close -- not to extend the advisory relationship
In-house legal capacity with LLM qualification (University of Birmingham, UK) for regulatory and court proceedings
From initial distressed asset assessment through final settlement -- OEA manages the complete recovery cycle.
Independent valuation of the collateral asset in its current condition and market -- not the value at origination, but the realisable value in the current market, distress-adjusted and defensible under challenge.
RICS Red Book · NIESVOEA's principals are available for appointment as Receiver Manager under debenture, mortgage or court order -- managing the secured asset, maintaining its condition and value, and overseeing the recovery or disposal process.
Receivership · Court AppointedAssessment of the specific regulatory landscape applying to the recovery -- CBN guidelines, AMCON Act, Companies & Allied Matters Act, Land Use Act and relevant Federal High Court practice directions.
Regulatory AdvisoryDesign of the optimal settlement structure for the specific situation -- debt-for-asset, structured disposal, debt restructuring or hybrid -- negotiated with a clear understanding of both the lender's recovery objectives and the obligor's realistic capacity.
Settlement AdvisoryWhere recovery requires the disposal of real estate assets, OEA prepares the disposal strategy -- pricing, timing, sale method, buyer identification and transaction management -- to maximise realisation in the available timeframe.
Disposal ManagementExpert valuation evidence and factual witness testimony in Federal and State High Court proceedings involving distressed real estate assets -- with the professional standing that courts and opposing counsel take seriously.
Litigation SupportSituation briefing received under NDA. Asset identified, initial position assessed, recovery options mapped. Engagement scope and fee confirmed within 48 hours.
Independent distressed asset valuation completed. Security documentation reviewed. Regulatory framework analysis prepared. Recovery options assessed with quantified outcomes.
Optimal recovery structure designed: receivership, structured disposal, settlement negotiation or a combination. Legal and valuation support mobilised.
Recovery strategy executed. Disposal managed or settlement negotiated. Court proceedings supported where required. Mandate closed with full documentation.
OEA's principal led the nationwide valuation of NEPA non-core assets under the Electricity Reform Act 2005 -- one of the largest distressed asset valuation exercises in Nigerian history. That mandate required the same independence, regulatory understanding and scalable execution that financial institution asset recovery demands. It is the track record you need behind your recovery advisory team.
In a contested recovery, the credibility of your valuation and your advisor is tested directly.
OEA's valuations are prepared by NIESV-accredited Registered Surveyors & Valuers in accordance with RICS Red Book Global Standards. This is the evidentiary standard that Nigerian Federal and State High Courts, AMCON and the CBN require. Our valuation reports have been accepted in contested proceedings across multiple jurisdictions.
OEA is engaged by the lender or the court -- not by the obligor, and not by a bank we have a lending relationship with. Our recovery recommendations are based on what the asset is worth and what the market will bear, not on what keeps the credit performing on paper. That independence is what makes the advice bankable.
OEA has direct experience with AMCON's acquisition and resolution processes. We understand the Eligible Bank Assets acquisition framework, AMCON's resolution protocols and the specific valuation and documentation requirements that AMCON applies to the assets under its mandate.
All recovery enquiries are treated as confidential from first contact. OEA does not disclose client identities, asset details or recovery situations to any party without explicit client authority. Enquiries can be made by phone or email marked confidential and will be handled by the Principal directly.
All enquiries are treated as confidential from first contact. Describe your situation and OEA's principal will respond directly, typically within 4 business hours. You can also call our Abuja office directly for immediate consultation.
abuja@oraegbunike.com
+234 (0) 70 1023 8888
Ora Egbunike & Associates