Notice Of Late Payment Letter Template for Nigeria

The Notice of Late Payment Letter is a crucial business document used when payment for goods or services remains outstanding beyond the agreed-upon terms. Under Nigerian law, this document serves as a formal reminder and creates a paper trail for potential legal proceedings. It is typically sent after the payment deadline has passed and before initiating more serious debt recovery actions. The notice should include specific details about the debt, including invoice numbers, dates, amounts, and any applicable late payment charges or interest as permitted under Nigerian legislation. The document helps businesses maintain professional relationships while protecting their financial interests and legal rights. A properly drafted Notice of Late Payment Letter can often resolve payment issues without the need for legal escalation, making it an essential tool in accounts receivable management.

1. Sender's Details: Full business name, address, and contact information of the creditor

2. Date: Current date of the notice

3. Recipient's Details: Full name, address, and contact information of the debtor

4. Subject Line: Clear indication that this is a late payment notice with reference number

5. Invoice Reference: Details of the original invoice(s), including invoice numbers and dates

6. Outstanding Amount: Clear statement of the total amount due, including any late fees or interest

7. Payment Due Date: Specific deadline for payment, including the original due date and current demand

8. Payment Instructions: Clear details of how payment should be made, including bank account details

9. Closing: Professional closing with contact information for payment-related queries