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The Debt Collection Verification Letter is a crucial document in the Nigerian debt recovery process, utilized when a creditor needs to formally verify and validate a debt claim with a debtor. It is typically issued after initial collection attempts and before pursuing legal action, serving as a formal notice that complies with Nigerian debt collection laws and regulations. The document must include specific information such as the debt amount, account details, creditor information, and the debtor's rights to dispute the claim. This letter is particularly important in Nigeria's legal framework as it establishes a paper trail for debt verification and can be used as evidence in legal proceedings if necessary. The document must comply with various Nigerian regulations, including the Recovery of Debts Act, BOFIA, and data protection laws, making it a critical tool in the debt recovery process.

1. Sender Information: Full legal name, address, and contact details of the creditor or collection agency

2. Recipient Information: Full name and address of the debtor

3. Debt Account Information: Account number, original creditor information, and current creditor if different

4. Debt Details: Original debt amount, current balance, interest rates, and fees applied

5. Verification Statement: Formal statement confirming this is an attempt to collect a debt and any information obtained will be used for that purpose

6. Validation Rights: Statement of the debtor's right to dispute the validity of the debt within 30 days

7. Payment Information: Available payment methods and where to send payments