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We curate and warehouse data on recalcitrant and delinquent debtors. Our list is fully updated in real time and provides an accurate picture of the status of listed debtors. We are committed to ensuring creditors recover debts through our various debt recovery channels.

We have a team made up of highly dedicated professionals with joint experience in financial analysis, technology, intelligence, money management , Debt recovery and Information Security spanning over 25 years and networks that cut across the whole of Sub-Saharan Africa.

Debtors Africa partners with creditors such as financial institutions, utility companies, retail agencies and individuals to liquidate debts by blacklisting debtors and publishing them in our debtors profile list


There is a defined gulf between credit and character. If you doubt this, ask any banker; He will advice that character is nice. But it is not collateral.
-Evan Rhys, Poems from the Ledge

Nigerian banks, at different times, have had to face patches of lending cycles with non-performing loans (NPLs) as a proportion of loanable assets rising steadily as liquidity shrank. More recently, this was seen in bank statement of financial position between Devember 2015 and December 2018 when large-sized banks saw their loans to the power and energy sector and the oil and gas business spiral into trouble.

According to the National Bureau of Statistics, Non-Performing Loans (NPLs) for Q3 2019 stood at N1.11 trillion, reflecting a 6.67% of total gross loans which was about N16.62 trillion.
The bigger money centre banks (DMBs) were more adversely affected than their smaller-sized counterparts as asset concentration amongst the bigger banks was more noticeable than their smaller rivals.
The high credit concentration of large cap local banking institutions meant that they were more vulnerable to external shocks.
The price shocks in the oil and gas sector and the cost recovery difficulties in the power sector made for a cocktail of problems banks found difficult to handle.
Between 2015 and 2018 bank statements of financial position and been pressed into a corner. In 2018, in particular, the implementation of the international financial reporting standard Rule 9 (IFRS9) on impairment provisions on a fair market value basis impacted their books.

With this and more insights from the industry, the debtor's report takes a helicopter view of the domestic credit market and highlights its major characteristics, participants, and institutional structures. It further showed that the local credit market has evolved in sophistication but human beings have not evolved in character.

The report takes a deep dive into the non-performing loan situation of banks in the country, while reviewing bank's profitability, asset quality, liquidity and leverage. In addition, a review of the sectoral distribution of hard-core debts and the impact of debtor characteristic on the growth of the domestic debt market was analysed. Issues of regulation, provisions and approaches to debtor resolution were also reviewed.

We further discussed the debtor list of some banks as made available publicly following the CBN's directive and found the need for a digital register of core and recalitant bad debtors which could change the framework for the management of loan delinquency with greater effect.

The New Approach

In a continent where society has established an above average tolerance for “naming and shaming” defaulters, there is a low threshold for preventing ‘recalcitrant debtors’ who cut across the spectrum of all social classes and sectors.

However, the advent of technology and its high adoption rate has opened up a new cultural approach to defaulters, driven by current economic realities, reluctance of credit providers to extend outside their comfort zone and a renewed effort by regulators to enhance and enforce laws against such conduct (partly motivated by political considerations of the economic consequence of the absence of credit and the increasing burden on the state to meet the gap from meager resources).

The challenge opened up by this new trend was how this can be achieved within the laws of privacy, customer-client privileges and the consequential backlash on companies. The problem is so pervading that it affects banks, loan fintechs, credit companies, consumer services companies that offer credits, tax authorities, private businesses, government agencies, and electricity consumers. etc.

With Debtors Africa, this gap will be filled via a platform that offers best practice, independent searchable database of all recalcitrant and delinquent defaulters by offering both a prevention and relief tool against bad debtors

Stay ahead with our suite of services.