The banking and finance sector is central to Nigeria’s economy, but it is also a source of complex legal challenges. At Sambo Muritala & Co, we provide expert legal services to financial institutions, businesses, and individuals in navigating the regulatory landscape, securing finance, and resolving disputes.
Our banking law practice includes loan recovery, where we have represented banks and financial institutions in recovering non-performing loans from defaulting borrowers. Our approach combines negotiation, debt restructuring, and litigation where necessary. For example, we successfully recovered significant debts for a microfinance institution through a mix of court action and negotiated settlement, restoring liquidity to the lender.

We also advise clients on compliance with financial regulations issued by the Central Bank of Nigeria (CBN), the Nigerian Deposit Insurance Corporation (NDIC), and other regulators. Our services include drafting compliance manuals, conducting regulatory audits, and representing clients during regulatory investigations. In one assignment, we guided a fintech company through complex licensing requirements, ensuring full compliance while enabling them to launch innovative digital products.
Our financial advisory services extend to loan documentation, security perfection, and risk management. We have prepared loan agreements, debentures, and security documents that protect lenders’ interests while ensuring fairness to borrowers. We also advise borrowers on negotiating favorable loan terms and restructuring debt obligations.

In addition, we handle disputes arising from banking transactions, including fraudulent transfers, unauthorized debits, and breach of banking contracts. We have represented clients in cases involving failed electronic transactions, ensuring restitution and accountability.
Our firm also engages in advocacy for financial inclusion, working with NGOs and regulators to promote access to banking services for underbanked communities.

Core services:
• Negotiation of loan & security documents
• Project & asset finance structuring
• Receivership & enforcement support
• Regulatory compliance (CBN, BOFIA) and licensing

At Sambo Muritala & Co, our banking and finance practice combines technical expertise with an activist’s commitment to fairness, ensuring that financial systems serve the interests of both institutions and the broader society.