The Strategic Partner Every Institution Needs: How KREENO Strengthens Debt Recovery and Asset Protection in Nigeria

Nigeria’s economic landscape is under siege from multiple fronts. Banks are burdened with bad loans that erode capital adequacy and deter foreign investment. Oil companies face massive losses from under-remitted royalties, fraudulent joint venture accounting, and supply chain defaults. Telecommunications firms lose revenue daily to SIM box fraud, tower vandalism, and retail-level subscription defaults. Government ministries, departments, and agencies (MDAs) struggle to recover funds from contractors who fail to deliver, suppliers who invoice for undelivered goods, and individuals who evade tax obligations.

Rev. Prof. Duraojaiye Adeleke (Vice Chairman - KREENO NIGERIA)

While most organizations have legal departments and risk management teams, few possess the specialized field capability to locate hidden assets, verify financial misstatements, or execute enforceable recovery strategies. Internal teams often lack the investigative tools, cross-border reach, or operational agility required to confront modern financial crime. This is where KREENO steps in, not as a contractor, but as a strategic recovery partner.

Our team comprises trained field operatives, forensic analysts, legal recovery experts, and negotiation specialists, all vetted for integrity and experience. We deploy a multi-phase recovery model that begins with intelligence gathering and ends with enforceable repayment. Whether the debt is commercial, contractual, or institutional, our process is consistent: verify, locate, engage, and recover.

Dr. Ohio Okhaide Ojeagbase FICA, SFIDR

Take, for example, a recent case involving a defaulted facility worth over ₦3 billion owed to a major financial institution. Previous recovery attempts had stalled due to lack of asset visibility and legal deadlock. KREENO was engaged to conduct a comprehensive debtor profile. Using proprietary tracking methods, we identified multiple undeclared properties, including a high-value estate in Eleko Beach, Lagos. We also uncovered offshore financial movements linked to shell companies. Armed with this evidence, we initiated structured negotiations, presented irrefutable documentation, and secured a full settlement within six weeks. The case is now being formalized for closure.

This is not luck. This is systematic recovery intelligence —the KREENO standard.

Our services extend far beyond debt collection. We offer corporate investigations that uncover insider fraud, payroll padding, procurement manipulation, and financial statement falsification. For government agencies, we assist in tracing diverted public funds, identifying ghost workers, and verifying contractor performance. In the oil and gas sector, we support equity audits and royalty recovery through forensic financial analysis. For telcos, we investigate infrastructure sabotage and revenue leakage at distribution and retail levels.

Dr. Prisca Ndu (Director of Strategic Partnerships)

One of our most impactful roles is in litigation support. Courts increasingly demand verifiable, admissible evidence, not just claims. KREENO prepares detailed case dossiers, obtains sworn affidavits, locates witnesses, and provides expert testimony where needed. Our documentation is routinely accepted by Nigerian courts because it meets the standards of the Evidence Act, the EFCC Act, and the Central Bank of Nigeria’s guidelines on non-performing loans. This legal robustness gives our clients a decisive advantage in enforcement proceedings.

Equally critical is our commitment to confidentiality and brand protection. We understand that public exposure can damage reputations, trigger regulatory scrutiny, or destabilize business relationships. That is why every KREENO operation is conducted with the highest level of discretion. Our clients include top-tier banks, publicly listed companies, and federal agencies, many of whom choose not to disclose our involvement, yet consistently renew our services due to proven results.

AIG Felix Yame Vwamhi Rtd. (Board Member - KREENO NIGERIA)

Our compliance framework stands as a pillar of credibility and operational integrity. At KREENO, we operate strictly within Nigeria’s legal and regulatory environment—fully compliant with the Money Laundering (Prohibition) Act and aligned with international asset recovery protocols. Whilst we await the passage of the proposed Nigeria Private Investigator Act by the National Assembly, we continue to advocate for the formalisation of this industry, one that holds the potential to absorb hundreds of thousands of university graduates into a legitimate, non-combative profession without requiring a Nigeria Police Force uniform. We do not resort to harassment, intimidation, or unlawful surveillance. Our strength does not lie in force, but in facts, in law, and in the intelligent application of strategic pressure.

Barr. Dr. Emmanuel A. Jackson (Director of Criminal Prosecutions)

At the core of KREENO’s success is our leadership. Dr. Ohio O. Ojeagbase serves as Chief Recovery Partner and visionary leader of this institution alongside his team of ex-bankers, cybersecurity professionals, AI experts, and legal prosecutors. his background in private investigation, debt recovery, sustainable business systems, corporate governance, corporate turnaround, credit administration, and business ethics has shaped KREENO’s philosophy: Integrity in Business. Intelligence in Action. This is not a slogan, it is our operating code.

His doctoral research into financial resilience in emerging markets directly informs our recovery models. He has advised financial institutions, regulatory bodies, and multinational firms on risk mitigation and asset protection. Through public speaking, policy engagement, and thought leadership, he continues to advocate for a Nigeria where integrity in business DNA is non-negotiable and recovery is achievable.

Under his leadership, KREENO has expanded beyond Nigeria, building strategic alliances with asset tracing networks across Africa and key financial jurisdictions. We maintain access to pan-African debtor databases, collaborate with international legal experts, and leverage technology to track cross-border movements of funds and assets. This continental reach ensures that even when debtors flee jurisdiction, recovery remains possible.

H.E Amb. Daniel C. Koussou (Non-Executive Director)

But make no mistake: KREENO’s primary mission is Nigeria’s economic restoration. We believe that every recovered naira strengthens our financial system, funds public services, and rebuilds trust in institutions. When banks recover bad loans, they can lend more to SMEs. When governments reclaim lost revenue, they can invest in infrastructure. When corporations enforce contractual obligations, they create a culture of accountability and businesses can thrive.

Time is not on the side of inaction. Every day a debt remains unpaid, an asset is hidden, or a fraudster operates unchecked, the cost multiplies. Delayed recovery means lost interest, diminished collateral value, and weakened financial health. For decision-makers in boardrooms and government offices, the message is urgent: The time to act is now.

KREENO is not here to make noise. We are here to deliver results once documentation is delivered: quietly, legally, and completely. We close cases. We recover assets. We restore balance sheets. We uphold justice.

Mr. Akintoye Coker (Divisional Head  2 - Recovery Group)

•  To banks and other financial institutions drowning in non-performing loans: Let KREENO help you clean your portfolio and regain investors’ confidence. 

•  To oil companies losing billions in unremitted dues: We can track, trace, verify, and recover what is rightfully yours as well as project monitoring and integrity testing of your projects.  

•  To telcos battling revenue theft and infrastructure fraud: Our investigative units are equipped to identify and stop the leaks. 

•  To government agencies struggling with tax evasion and contractor defaults: We offer the field intelligence and legal support you need to enforce accountability. 

•  To corporate Nigeria: Whether you’re dealing with distributor defaults, employee fraud, or contract breaches, KREENO is your strategic recovery ally. This is more than a service. It is a business and financial safeguard. A declaration of strength. A commitment to justice.

Mr. Olufemi Ajao (Chief Technical Officer)

Contact KREENO Today

Turn losses into recoveries.
Transform risks into resolutions.
Convert obligations into outcomes.

Mr. Sammy-Bens Arumemi (Divisional Head 1 - Recovery Group)

Dr. Mohammed Lawal Argungu
Director of Operations & Transorganized Crime
KREENO Debt Recovery & Private Investigation Agency

Head Office:
The Kreeno Place
Plot 1, Rufus Ojeagbase Street, WAEC Estate, Off Abaren–Arogun Junction
Mowe–Ofada Road, Mowe, Ogun State, Nigeria // Phone: +234 803 459 3785
Email: info@kreenoholdings.com  or drkreeno@gmail.com  
Web: www.kreenoholdings.com | www.kreenoplus.com

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