Professional Receivership & Liquidation Services

Whether you are a director facing insolvency, a secured creditor seeking to appoint a receiver, or a shareholder wanting to wind up a company properly — Joseph Dauda & Co. provides professional receivership and liquidation services you can trust.

When a business faces distress, you need experienced hands.

At Joseph Dauda & Co., we understand that receivership and liquidation are sensitive, often difficult processes — for directors, shareholders, employees, and creditors. Whether a company can no longer pay its debts, a secured creditor has appointed a receiver, or shareholders have decided to wind up voluntarily, we act professionally, transparently, and compassionately. Licensed by ICAN and CITN, our team ensures every step complies with the Companies and Allied Matters Act (CAMA) 2020 and other relevant laws — protecting the interests of all parties involved.

What Our Receivership & Liquidation Covers

Court-Appointed Liquidation

When a court orders a company to be wound up due to insolvency or other grounds, we act as official liquidators. We take control of assets, notify creditors, realize value, and distribute proceeds according to legal priority.

Creditors' Voluntary Liquidation (CVL)

When a solvent or insolvent company's shareholders decide to wind up, we manage the entire CVL process — from board resolution to final distribution — ensuring full compliance with CAMA and creditor protection.

Receivership (Debenture Holders)s

When a secured creditor (typically a bank) appoints a receiver under a debenture, we step in to take control of charged assets, manage operations (if needed), recover debts, and report regularly to the appointing creditor.

Asset Realization & Distribution

We identify, secure, value, and sell company assets — whether through private sale, auction, or tender. Proceeds are distributed strictly in accordance with statutory priority (secured creditors, preferential creditors, unsecured creditors, shareholders).

Creditor Communication & Claims Processing

We notify all known creditors, publish required notices, receive and verify claims, and resolve disputes fairly. You will have full visibility into the process.

Final Accounts & Court Reporting

We prepare liquidator's statements of account, final distribution reports, and all required filings with the Corporate Affairs Commission (CAC) and the court — bringing the process to a clean, legal close.

Common Receivership & Liquidation Challenges We Solve

Directors Unsure of Their Duties

Directors of distressed companies often make mistakes — trading while insolvent, preferring certain creditors, or mismanaging assets. We advise directors on their legal obligations to avoid personal liability.

Creditor Disputes & Conflicts

Creditors may fight over priority or claim inflated debts. We verify all claims independently, apply statutory priority rules fairly, and resolve disputes transparently.

Asset Mismanagement or Concealment

Assets may be hidden, undervalued, or improperly transferred before insolvency. We investigate, trace, and recover assets — including voidable transactions and preferences.

Regulatory Non-Compliance

Improper winding up exposes directors and liquidators to penalties. We ensure every filing, notice, and procedure complies with CAMA 2020, FIRS tax clearance requirements, and court rules.

Delayed or Incomplete Distribution

Some liquidations drag on for years. We work efficiently to realize assets, settle claims, and distribute proceeds — closing the estate as quickly as the law allows.

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