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The Late Fee Notice is an essential business document used when payment obligations have not been met by their due date. This document is particularly important in the Nigerian business environment, where it must comply with local contract law and Central Bank of Nigeria regulations regarding late payment charges. The notice serves multiple purposes: it formally documents the late payment situation, specifies the additional fees being charged, provides clear payment instructions, and creates a paper trail for potential future legal proceedings. It should be issued promptly after a payment becomes overdue and must include accurate calculations of late fees in accordance with Nigerian law or contractual agreements. The document is typically used by businesses of all sizes and can be adapted for various types of payment obligations, from regular service fees to loan payments.

1. Sender Details: Complete business name, address, and contact information of the entity sending the notice

2. Date: Current date of the notice

3. Recipient Details: Full name and address of the recipient, including any relevant account or reference numbers

4. Subject Line: Clear indication that this is a late fee notice with reference numbers

5. Original Payment Details: Information about the original payment obligation including due date and amount

6. Late Fee Calculation: Detailed breakdown of the late fee calculation and the total amount now due

7. Payment Instructions: Clear instructions on how and when to make the payment

8. Due Date: Specific deadline for payment of the outstanding amount including late fees

9. Contact Information: Details of whom to contact for questions or concerns