Hall Of Fame

Firms in the Spotlight Banking, finance and capital markets

Adeola Oyinlade & Co

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Adeola Oyinlade & Co. is a full-service law firm headquartered in Lagos, Nigeria. The firm offers a variety of legal services to a vast range of national and foreign clients.

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Banking, finance and capital markets in Nigeria

ALN Nigeria | Aluko & Oyebode

ALN Nigeria | Aluko & Oyebode is vastly experienced in advising financial institutions and sizeable corporations, and the ‘proactive’ practice is also a key port of call for banks, international lending institutions, and insurance companies. Oludare Senbore, Funmilayo Otsemobor, and the ‘extremely talentedKofo Dosekun field expertise in project and infrastructure finance. Olubunmi Fayokun is noted for her established strength in capital markets, and Ayodeji Oyetunde handles corporate finance matters. Ajibola Asolo is well versed in advising on banking regulations and regulatory compliance issues.

Practice head(s):

Kofo Dosekun; Olubunmi Fayokun


Other key lawyers:

Oludare Senbore; Funmilayo Otsemobor; Ayodeji Oyetunde; Ajibola Asolo; Tomilola Tobun


Testimonials

‘The banking and finance team is exceptional and extremely talented, going above and beyond for clients and making complex issues simple.’

‘The team has been very effective in supporting us, structuring the transaction, generating documentation, and advising on the relevant regulatory environment.’

‘The team’s very useful guidance made the process very seamless.’

‘The team’s key strength lies in the depth of experience it has and its deep familiarity with capital markets. The team also works in a synchronized manner and is very responsive.’

‘We have benefited greatly from the proactive approach and diversity of the professionals who work with Aluko & Oyebode.’

‘The team has experienced and knowledgeable staff that collaborate well to deliver on transactions.’

‘Kofo Dosekun is an extremely talented leading lawyer.’

‘Ajibola Asolo has extensive knowledge of capital markets. He is knowledgeable, practical, and savvy.’

Key clients

Bank of Industry


MTN Nigeria Communications PLC


Wema Bank Plc


Access Holdings Plc


Access Bank Plc


Guaranty Trust Bank Limited


Emerging Africa Capital Limited


First Bank of Nigeria Limited


Fidelity Bank Plc


First City Monument Bank Limited


Niger Delta Exploration & Production Plc


Greenwich Merchant Bank Limited


Petrogap Oil and Gas


VFuels LLC


Astea Engineering Inc


Mota-Engil Engenharia E Constructao Africa SA


Omatapalo Engenharia E Construcao S.A


Work highlights


  • Advised the Bank of Industry on the €1 billion guaranteed short-term facility granted by a syndicate of financial institutions.
  • Assisted Niger Delta Exploration & Production Plc with its establishment of a NGN20 billion Bond Issuance Programme.
  • Advised Access Holdings Plc and Access Bank Plc in connection with Access Holdings Plc’s subscription to Mandatory Convertible Tier 1 Notes issued by Access Bank Plc.

Banwo & Ighodalo

With an excellent reputation for handling corporate and project finance transactions, Banwo & Ighodalo's 'responsive' team is well known for its 'in-depth expertise in the financial services sector’. The group is sought after by borrowers for advising on syndicated lending mandates, and is equally adept at assisting with banking regulatory matters. Asue Ighodalo is a highly regarded practitioner in capital markets, also a key area of instruction for the 'knowledgeable' Ayotunde Owoigbe and Isa Alade, who regularly represents clients in the fintech sector. Azeezah Muse-Sadiq is active in debt and equity securities work, and Seyi Bella has established strength in handling secured lending and corporate finance matters. Ayodele Adeyemi-Faboya brings expertise in advising on the structuring of foreign investments. Femi Olubanwo and Tosin Oyebanjo are also singled out for their contributions.

Practice head(s):

Asue Ighodalo; Femi Olubanwo; Ayotunde Owoigbe; Azeezah Muse-Sadiq; Isa Alade; Seyi Bella; Ayodele Adeyemi-Faboya


Other key lawyers:

Tosin Oyebanjo; Basirat Raheem; Mayowa Olagbaiye


Testimonials

‘A responsive team with in-depth expertise in the financial services sector.’

‘An in-depth understanding of their instructions, timeliness and responsiveness.’

‘Ayotunde Owoigbe and her team are very diligent, knowledgeable of capital markets and financial services, and very responsive.’

Key clients

African Export-Import Bank


Access Bank Plc


Everty Nigeria Limited


FBNQuest Merchant Bank Limited


Meristem Finance Limited


Moove Nigeria B.V.


The Mauritius Commercial Bank Limited


The Standard Bank of South Africa Limited


Oando Plc


Sterling Bank Plc


Rand Merchant Bank Nigeria Limited


Stanbic IBTC Bank Plc


Actis Capital


Africa Finance Corporation


Shell Western Supply and Trading Limited


United States International Development Finance Corporation


Flour Mills of Nigeria Plc


Dangote Industries Limited


Stanbic IBTC Ventures Limited


Lagos State Government


Julius Berger Nigeria Plc


Standard Chartered Bank


UAC of Nigeria Plc


MTN Nigeria Communications Plc


Dangote Cement Plc


Lagos State Government


FCMB Group Plc


Sterling Bank Limited


MBO Capital Management Limited


Coleman Technical Industries Limited


Work highlights


  • Acted as Nigerian counsel to Access Bank Plc in connection with debt financing provided by the U.S International Development Finance Corporation and Citibank N.A.
  • Acted as Nigerian legal counsel to Everty Nigeria Limited regarding the US$46,000,000 facility advanced to the client by Stanbic IBTC Bank Plc for refinancing its existing debt.
  • Acted as co-counsel on establishing a NGN1,000,000,000,000 debt and hybrid instruments programme.

G. Elias & Co

Fred Onuobia and Segun Omoregie jointly head G. Elias & Co's practice, which has a solid track record in advising financial institutions, international banks, and investors. The department is also well versed in handling IPOs and commercial paper issuances, and regularly assists clients in a broad range of sectors with lending matters. Gbolahan Elias and Emeka Ezekwesiri bring expertise in project finance, and Michelle Chikezie and Amarachi Ikevude are often instructed in debt and equity capital markets work. Amarachi Ikevude’s workload includes banking and structured finance matters. Okechukwu Okoro and Amanda Opara are key names to note.

Practice head(s):

Fred Onuobia; Segun Omoregie


Other key lawyers:

Gbolahan Elias; Emeka Ezekwesiri; Michelle Chikezie; Amarachi Ikevude; Okechukwu Okoro; Amanda Opara


 


Key clients

African Export-Import Bank


Lagos State Government


BUA Industries Limited


Titan Trust Bank Limited


United Capital Plc


Fund for Export Development in Africa (FEDA)


Lagos Free Zone Company Plc


Work highlights


  • Advised Lagos State Government on its establishment of a NGN1 trillion debt and hybrid instruments issuance programme.
  • Advising the African Export-Import Bank on the provision of a US$300 million intra-African trade investment finance facility to Access Holdings Plc to finance a intra-African trade expansion strategy.
  • Advised a syndicate of lenders, led by the Standard Chartered Bank, on financing the development of oil wells in fields with certain oil mining leases.

Olaniwun Ajayi LP

Olaniwun Ajayi LP‘s ‘highly results-oriented‘ team stands out for its broad financing capabilities, with a key focus on the oil and gas sector. The group also fields expertise in capital market transactions, regulatory matters, and restructuring issues. Tominiyi Owolabi and Folashade Oluyadi are well known for advising clients in the oil and gas sector, and Wolemi Esan is active in the power, infrastructure, and mining sectors. Yewande Senbore, Abisola Odeinde, and Ibi Ogunbiyi handle a range of transactional mandates. Folake Alabi, Chinenye Ajayi and Ogechi Onuoha are key practitioners to note. Yemisi Taiwo has left the firm.

Practice head(s):

Tominiyi Owolabi; Wolemi Esan; Yewande Senbore


Other key lawyers:

Abisola Odeinde; Ibi Ogunbiyi; Folashade Oluyadi; Chinenye Ajayi; Ogechi Onuoha; Damilola Salawu; Folake Alabi


Testimonials

‘A highly result-oriented team, leveraging good leadership and communication skills to achieve a common goal for clients. The team’s proactiveness, collaboration and attention to detail was second to none.’

‘Professionalism, readiness, and attention to detail. The competence of Chinenye Ajayi is worth noting.’

‘The firm has an established crop of lawyers, a lot of whom are highly respected and revered in the industry.’

‘The firm is highly collaborative and able to provide real-time advice.’

‘Exemplary knowledge across different aspects of law. Yewande Sembore is a gem.’

Key clients

Nigeria National Petroleum Company Limited


NNPC E & P Limited


Seplat Energy Plc


Nigeria LNG Limited


International Finance Corporation


Anoh Gas Processing Company Limited


West Africa Gas Limited


COPDC Petroleum Development Company Limited


CMES-OMS Petroleum Development Company Limited


Waltersmith Refining and Petrochemicals Company Limited


Standard Chartered Bank


Access Bank Plc


African Export-Import Bank


First City Monument Bank Limited


First Bank of Nigeria Limited


GuarantCo Limited


Ecobank Nigeria Limited


Union Bank of Nigeria Plc


Union Bank UK Plc


United Bank for Africa Plc


Africa Finance Corporation


Chapel Hill Denham Nigeria Infrastructure Debt Fund


First City Monument Bank Limited


First Bank of Nigeria Limited


Nithio F I B. V


Stanbic IBTC Bank Plc


Africa Agriculture and Trade Investment Fund (AATIF)


Citibank North America


Citi Global Markets Limited


Symbiotics Group Limited


Emirates NBD


United Capital Infrastructure Fund


BUA Cement Plc


Work highlights


  • Advising NNPC E & P Limited on a landmark USD3 billion development of petroleum assets in the Kolmani River area of Northern Nigeria.
  • Advising West African Gas Limited and its affiliates on the debt-to-equity conversion of the financing obtained for the development of the OML 11 oil field.
  • Advising BUA Cement Plc on a US$500,000,000 term loan for the expansion of the client’s integrated cement plant.

Templars

Templars is well regarded for its 'high-quality advice' and 'in-depth experience in project finance transactions on the sponsors’ side'. The 'knowledgeable' Zelda Akindele co-heads the practice with Chike Obianwu, who handles debt restructuring work within Nigeria and Ghana; Desmond Ogba, who has experience in debt capital markets; and Dupe Saba, who brings expertise in debt financing matters and regularly acts for clients in the petrochemical area. Obianuju Ifebunandu handles foreign and private equity investments, and Osarugue Izekur advises on project and structured finance. Modupe Dabiri is a key name in the practice.

Practice head(s):

Chike Obianwu; Zelda Akindele; Desmond Ogba; Dupe Saba


Other key lawyers:

Obianuju Ifebunandu; Osarugue Izekur; Modupe Dabiri


Testimonials

‘What makes this practice unique is their in-depth experience in project finance transactions on the sponsors’ side.’

‘Templars brings on board a vast range of people with the expertise to do the job.’

‘Τemplars has always been very reliable and always on top of the latest legal developments. The team always offers sound and timely advice.’

‘The team is responsive and provides high-quality advice within the timelines needed.’

‘Zelda Akindele and the team is knowledgeable and very detailed. Available on short notice to offer solutions to every problem.’

‘A standout partner is Dupe Saba. She pays the utmost attention to detail and over the course of her career has developed relationships with key stakeholders in regulatory agencies involved in PPP transactions.’

Key clients

Lagos Free Zone Company


Badagry Port Development Limited


Elektron Petroleum and Engineering Limited


African Foundries Limited


Work highlights


  • Advising Lagos Free Zone Company on the issuance of a NGN1.75 billion 20-year Series 3 senior guaranteed fixed rate corporate infrastructure bond.
  • Advised Elektron Petroleum and Engineering Limited on the equity and debt financing of its subsidiaries for the development of independent power plants in Nigeria.

Udo Udoma & Belo-Osagie

Udo Udoma & Belo-Osagie's practice houses a team praised by clients as ‘experts in banking and finance as well as in capital markets’, and fields experience in handling asset and acquisition finance, debt restructuring, and Islamic finance. Aniekan Ukpanah and Daniel Agbor are experts in project finance, while Yinka Edu’s workload takes in corporate, leveraged and structured finance. Adeola Sunmola and Onyinye Okafor are well versed in advising on syndicated lending transactions, and Joseph Eimunjeze has experience in regulatory and compliance issues. Other key practitioners include Victor Samuel, Nicholas OkaforPamela Onah and Lisa Esamah.

Practice head(s):

Daniel Agbor; Aniekan Ukpanah; Yinka Edu; Nicholas Okafor; Adeola Sunmola; Joseph Eimunjeze; Onyinye Okafor


Other key lawyers:

Pamela Onah; Victor Samuel; Ekundayo Onajobi; Lisa Esamah; Abolanle Ayoola; Chisom Okolie


Testimonials

‘Udo Udoma & Belo-Osagie is one of the best law firms in Nigeria and it has deep knowledge of the capital market industry.’

‘The team is well equipped with seasoned lawyers who are experts in banking & finance as well as capital markets.’

‘UUBO is in tune with the changes in diverse sectors of the practice, the lawyers have excellent drafting skills and are also very good at structuring transactions.’

‘The banking, finance and capital markets team is collaborative, with excellent understanding of the sectors.’

‘Onyinye Okafor is a star and very lovely to work with. She can be firm but very flexible to integrate ideas. She knows her craft and is very amiable. I am always delighted to work with her.’

‘Adeola Sunmola is an expert in banking & finance and capital market transactions.’

‘Pamela Onah is strong at drafting legal documents and reviewing legal documents to ensure it captures relevant issues.’

‘Victor Samuel is very hard working.’

Key clients

ABritish International Investment plc (formerly CDC Group plc)


Africa Finance Corporation


Standard Chartered Bank


Citigroup Global Markets Limited


JP Morgan


STL Trustees Limited


FBN Quest Trustees Limited


ABSA Bank Limited


Rand Merchant Bank Nigeria Limited


European Investment Bank


Jotna Nigeria Limited


Barak Fund SPC Limited


BUA Cement Plc


Seplat Energy Plc


International Finance Corporation


International Fund for Agricultural Development


Geometric Power Limited


Echosys Invest


Infrastructure Credit Guarantee Company Limited


Sahara Energy Group


Johnvent Industries Limited


Chapel Hill Denham


Work highlights


  • Advising International Finance Corporation and a consortium of other lenders in connection with a proposed issuance of a USD 500,000,000 senior secured facility to BUA Cement Plc, for the purpose of expanding the latter’s integrated cement plant.
  • Advising Seplat Energy Plc on the Nigerian legal aspects of the financing, by lenders, for a proposed acquisition of a 100% stake in two holding companies.
  • Advised AFD on providing a €100,000,000 unsecured term loan facility to the Bank of Industry concerning its ongoing focus on sustainable development finance.

AELEX

At AELEX, the ;'exceptional' team’s workload includes aviation and maritime acquisition financings, IPOs, project finance and oil and gas acquisition finance matters. With over two decades of experience in the space, Lawrence Fubara Anga advises banks and financial institutions on a broad spectrum of transactional and regulatory issues. Sina Sipasi is adept at advising sponsors and lenders on acquisition finance matters in the petroleum sector. Chinyerugo Ugoji, Hannah Ozieme, and Merit Okafor specialize in capital markets. Temiloluwa Fakolade is well regarded for his expertise in corporate financing.

Practice head(s):

Lawrence Fubara Anga


Other key lawyers:

Sina Sipasi; Chinyerugo Ugoji; Hannah Ozieme; Merit Okafor; Temiloluwa Fakolade


Testimonials

‘The team’s strengths include in-depth understanding of the Nigerian capital markets space, accurate interpretation of proposed transaction structures in legal documents, and a quick turnaround time.’

‘The team was generally exceptional. Temiloluwa Fakolade’s good judgement, in-depth knowledge, and patience was appreciated.’

Key clients

EMTS (Etisalat)


Keystone Bank


Nigerian Stock Exchange


Securities Solutions Limited


Emerging Markets Payment West Africa Limited


PayU Payments Nigeria Limited (Naspers/MIH affiliated company)


Sentinel Exploration & Production Company Ltd


Vitol SA


African Development Bank


Debevoise Plimpton


Cedar Consortium


Ecobank Nigeria Limited


FBN Capital Limited


Dangote Cement Plc


AFEX Commodities Exchange


Callphone Limited


Clickatell Nigeria Limited


Grand Towers PLC


AFEX Investment Limited


Sproutpay Limited


Piggytech Global Limited


Eagle Global Markets


CSL Stockbrokers Limited


International Islamic Trade Finance Corporation


CSL Pay Limited


The Shecluded Company Limited


Abeg Technologies Limited


Money Africa


The Shecluded Company Limited


Luno Fintech Nigeria Limited


Work highlights


  • Advising a syndicate of banks on the refinancing of a USD750 million loan advanced to an oil and gas company.
  • Acting for trustees concerning the issuance of a NGN100 billion bond issuance by a leading infrastructure company in Nigeria.

Alliance Law Firm

Alliance Law Firm has solid expertise in debt finance, securities and capital markets. The practice is jointly led by Uche Val Obi, who brings over three decades of experience in the space; Albert Adu, who handles domestic bonds matters; and Gabriel Onojason, who is active in equity capital markets, asset acquisition matters, and international investment work. Other key practitioners include Gideon Okpara and Blessing Choko, who assists with  corporate finance and restructuring issues.

Practice head(s):

Uche Val Obi; Gabriel Onojason; Albert Adu


Other key lawyers:

Blessing Choko; Gideon Okpara; Simbiat Abubakar Okwilague; Ugochinyere Lynda Ezike; Rose Adaji


Testimonials

‘The team is very proactive and professional in their approach to work.’

‘Professional and prompt in its response to issues.’

‘Proactive with in-depth research skills.’

Key clients

First Bank of Nigeria Limited


Fidelity Bank Limited


Heritage Bank Limited


Zenith Bank Limited


Securities and Exchange Commission


Ecobank Nigeria Limited


Independent Electoral Commission


Frontier Risk Management


Sterling Bank Limited


Guaranty Trust Bank Plc


Drilpet Nigeria Limited


Uniterm Nigeria Limited


First City Monument Bank Limited


Conoil Limited


Guinness Nigeria Plc


Union Bank of Nigeria


Okoti Enterprises Nigeria Limited


B & Q Dredging Limited


CESAD Industries Limited


Nigeria Mortgage Refinance Company Plc


Transnational Corporation of Nigeria Plc


Naturalle Nigeria Limited


Borkir International Company Limited


AI- Keziah Nigeria Limited


InfraCredit Limited


Vorian Corelli


Transcorp Hotel Plc


CropIT Limited


11 Plc


Independent Infrastructure Limited


Airtel Communications Nigeria Limited


Heirs Holdings Nigeria Limited


Emerging Markets Telecommunication Limited


NCNR SPV Limited


Hudson Sandler LLP


Leadway Holding Limited


Royal Exchange Plc


Royal Exchange Healthcare Limited


Royal Exchange Prudential Life Plc


Naga Global LLC


Odyssey Capital


Dangote Industries Limited


Eat ‘N’ Go Limited


Arm Trustees Limited


Quantum Zenith Trustees and Investment Limited


FBN Quest Trustees Limited


Coronation Trustees Limited


Consolidated Hallmark Insurance


MTN Nigeria Communication Limited


Foodin SA


Grant Thorton LLP


Nigeria Upstream Petroleum Regulatory Commission (NUPRC)


EMADEB Energy Service Limited


Nigerian Port Authority


Falcon Corporation Limited


Selvic Energy Limited


Absa Securities Limited


Absa Capital Limited


Baines Credit


Collect Africa


Work highlights


  • Advised five clients on an NGN300 billion bond issuance.
  • Advised Neconde Energy Limited on the restructuring of a USD640,000,000 loan.
  • Advised Conex Oil and Gas on the $60,000,000 financing provided by the Africa Finance Corporation (AFC) for the purchase of a 100% stake in the Liberian and Sierra Leone subsidiaries of French oil corporation TotalEnergies.

Bloomfield LP

Bloomfield LP is active in public sector lending matters, and is well regarded for its expertise in ship financing work. The team often acts for international banks, and is very experienced in advising on debt issues, foreign exchange regulations, and offshore syndicated financing matters. Adedoyin Afun has broad experience in cross-border mandates and structuring work, while Adebisi Lamidi is sought after for her expertise in assisting with transactional matters. Ayodele Oni and Ebele Folorunsho are also singled out for their contributions.

Practice head(s):

Adedoyin Afun; Ayodele Oni


Other key lawyers:

Ebele Folorunsho; Adebisi Lamidi


Key clients

Conoil Producing Limited


Continental Oil & Gas Limited


Sea Transport Services Nigeria Limited


DLM Trust Company Limited


Cedrus Capital Limited


CapitalTrust Investments & Asset Management Limited


Intercontinental Capital for Africa Limited


Aramex International LLC


AOS Orwell Limited


STAC Marine Offshore Limited


Purple Group


Globacom Limited


Aradel Holdings Plc (formerly called Niger Delta Exploration and Production Plc)


Stanbic IBTC Bank Limited


Work highlights


  • Advised CBC Banqa S.A on the US$11,000,000 loan, provided on the back of an ECA facility, to ETG Logistics Nigerian Limited and its affiliate companies.
  • Advised NDEP and its subsidiary ND Refineries Limited on the financing for the construction, equipping, and expansion of a modular refinery.
  • Advised STAC Marine Offshore Limited on a multi-million dollar facility from Stanbic IBTC Bank Plc for the partial acquisition of a Floating Production, Storage and Operating vessel.

Jackson, Etti & Edu

Noted for its excellent track record in equity and debt capital markets transactions, the practice at Jackson, Etti & Edu is equally strong in handling acquisition, project, and trade finance. Folasade Olusanya advises on project finance and PPP transactions, while Adekunle Soyibo acts on private equity transactions and is active in the banking, insurance and oil and gas sectors. Okey Nnebedum frequently acts for international corporations and export credit agencies, and Benjamin Amans counts capital markets as a key pillar of his practice. Chidozie Obidigwe is a key practitioner to note.

Practice head(s):

Folasade Olusanya; Adekunle Soyibo; Okey Nnebedum


Other key lawyers:

Benjamin Amans; Chidozie Obidigwe; Koye Edu


Key clients

SFC Finance Limited/Fidelity Bank Plc


Stanbic IBTC Capital Limited


Stanbic IBTC Infrastructure Fund


Deutsche Bank AG


Providus Bank Plc


African Capital Alliance


Standard Chartered Bank


River Jamieson SPV Limited


Global Accelerex


SMBC Nikko Capital Markets Limited


SMBC Capital Markets, Inc.


FCMB Capital Markets Limited


Abdulai, Taiwo & Co

Abdulai, Taiwo & Co has a solid track record in advising on a range of capital markets and banking and finance matters, and has expertise in assisting with collective investment schemes. The practice is jointly led by Ladi Taiwo and structured finance expert Alayo Ogunbiyi. Seyi Adebayo works on lending and securities matters, and Busola Awobona handles Islamic financing work. Kunle Ayansola and Roselyn Alalade are also singled out for their contributions.

Practice head(s):

Alayo Ogunbiyi; Ladi Taiwo


Other key lawyers:

Seyi Adebayo; Busola Awobona; Kunle Ayansola; Roselyn Alalade


Key clients

Debt Management Office


Federal Govt. of Nigeria


African Development Bank


Federal Mortgage Bank


Stanbic IBTC Bank


Shelter Afrique


Presco Plc


Emzor Pharmaceuticals


Procter & Gamble Financial Services SARL of Luxembourg


Clina-Lancet Laboratories


UTL Trust & Security Services


Ibadan Inland Dry Port SPV


CRCC International Investments Group of Hong Kong


Olokun-Pisces Ltd.


Banarly Nigeria Ltd.


FGN Roads Sukuk Company 1 Plc


Work highlights


  • Advising the Debt Management Office on the financing of a Sharia-compliant bond relating to the federal government’s expenditure on building roads and infrastructure.
  • Advised Presco Plc on a NGN 50 billion multiple series corporate bond.

Dentons ACAS-Law

Dentons ACAS-Law stands out for its broad transactional expertise, and is well known for handling facility restructuring mandates as well as asset, infrastructure and trade financing work. Ben Unaegbunam has extensive experience in advising on infrastructure transactions, restructuring matters, and tax issues, and Omolola Coker regularly acts for government entities, investors, and project developers. Chinedu Kema represents lenders and borrowers in secured and unsecured bilateral and syndicated lending work, while Sanford Mba advises on debt and equity financing. Adeleke Alao and Kemi Oyebode are notable names.

Practice head(s):

Ben Unaegbunam; Omolola Coker


Other key lawyers:

Chinedu Kema; Sanford Mba; Adeleke Alao; Kemi Oyebode; Ibiwunmi Adeyeri; Olayemi Lawal; Iyunola Adekanye


Key clients

Standard Chartered Bank


Africa Finance Corporation


Travelex Retail Nigeria Ltd; Travelex Nigeria Business Solutions Ltd


Sterling Bank Plc


Arve Limited


Mauritius Commercial Bank


FBNQuest Trustees Limited


Decklar Petroleum Limited


Korea Development Bank


Millennium Oil and Gas Company Limited


Work highlights


  • Advised Standard Chartered Bank on the financing provided to the federal government of Nigeria relating to a 17 MW hybrid solar power infrastructure for the National Assembly Complex.
  • Advising a syndicate of financial entities, with Sterling Bank acting as lender and facility agent, on the provision of a syndicated loan of US$403,600,000 to Pan Ocean Oil Corporation Nigeria Limited for the construction of a 70-km liquid hydrocarbon transportation pipeline.
  • Assisted AFC with its transition from the London Interbank Offer Rate (“LIBOR”) as benchmark rate to the Secured Overnight Financing Rate (“SOFR”), in line with global practice.

Duale, Ovia & Alex-Adedipe

At Duale, Ovia & Alex-Adedipe, the team is noted for its capabilities in handling instructions from clients in the energy and natural resources sectors. Adeleke Alex-Adedipe counts bond issuance programmes and capital market transactions as key areas of strength, and also advises on funding matters. Adeniyi Duale and Seye Ayinla are active in private equity and venture capital transactions. Tomiwa Ogunbanwo and Sodeek Oluwatobi Oyedeji are singled out for their contributions.

Practice head(s):

Adeleke Alex-Adedipe; Adeniyi Duale; Seye Ayinla


Other key lawyers:

Tomiwa Ogunbanwo; Sodeek Oluwatobi Oyedeji


Key clients

Lagos State Government


InstaDeep Limited


Dorman Long Engineering Limited


BMCE Bank International Plc (Paris Branch)


Drosk Investment Limited


Metrowaves Sport Infrastructure Limited


Alinea Ventures Partners Limited


Nigerian Stock Exchange


Parthian Partners Limited


Aruwa Capital Management Limited


Life Bank Technology and Logistics Services Limited


Nithio FI B.V


Arca Payments Limited


Zrosk Investment Management Team


Coleman Technical Industries Limited


Work highlights


  • Advised InstaDeep Limited on the sale of its entire share capital to BioNTech.
  • Advised the Lagos State Government on a NGN100bn syndicated debt financing for Phase 1 of the Lagos State Redline Rail Project.
  • Advised Dorman Long Engineering Limited on the acquisition of a $25,000,000 stake in the client by Africa Capitalworks Holdings.

Odujinrin & Adefulu

Odujinrin & Adefulu is particularly active in the energy, manufacturing, and oil and gas sectors. and the group is routinely involved in transactional matters. The team is led by Damilola Adetunji, who primarily advises a client base of banks and financial institutions on capital markets matters, term loan transactions and syndicated power financing. Olubukola Olabiyi and Linda Asuquo work primarily in capital markets. Jide Babalola left the firm in January 2023.

Practice head(s):

Damilola Adetunji


Other key lawyers:

Linda Asuquo; Olubukola Opebiyi


Testimonials

‘Very knowledgeable.’

‘Attentive and responsive at all times. The team delivers advice and identifies issues in a user-friendly manner. Strong bench strength.’

‘Damilola Adetunji deserves special mention. She is an excellent operator. Linda Asuquo and Olubukola Opebiyi are also highly recommended.’

Key clients

African Export-Import Bank


Africa Finance Corporation


International Finance Corporation


ALCB Fund


FBN Trustees Limited


First Exploration and Production Company Limited


Petroleum Development Company Limited


Rand Merchant Bank Nigeria Limited


Lafarge Africa Plc


Morgan Stanley & Co International Plc


Citigroup Global Markets Limited


Chapel Hill Denham Advisory


Keystone Bank Limited


First City Monument Bank


Babban Gona Farmer Services Nigeria Limited.


Work highlights


  • Acted as Nigerian counsel to the African Export-Import Bank (Afreximbank) regarding a cross-currency interest rate swap, valued at approximately US$1 billion, in favour of the Central Bank of Nigeria.
  • Acted as Nigerian counsel to Afreximbank in its capacity as mandated lead arranger, lender, security agent, and agent in a US$300 million syndicated acquisition facility.
  • Acted as Nigerian counsel to Afreximbank in its capacity as lender, mandated lead arranger, and agent in connection with a US$300 million facility granted to Bestaf Funding Limited.

Olajide Oyewole LLP

The team at Olajide Oyewole LLP regularly handles financial transactions and structuring mandates, often acting for financial institutions, lenders, borrowers, investors, and sponsors. Department head Dayo Idowu is very well known for his expertise in the energy and natural resources sectors, while Taiwo Peregrino advises on corporate and project finance structuring matters. Cross-border transactions have been prominent in Oluyemi Oyewole's recent workload. Saheed Alao is a key name in the group.

Practice head(s):

Dayo Idowu


Other key lawyers:

Taiwo Peregrino; Oluyemi Oyewole; Saheed Alao


Key clients

Samsung Heavy Industries Nigeria Limited


Oando Plc


The Company for Habitat and Housing in Africa (Shelter Afrique)


Mainstream Energy Solutions Limited


Mitsubishi Power Europe Limited


Argentil Capital Partners Limited


Powergas Nigeria Limited


Mobile Power Limited


BB Energy Nigeria Limited


First Modular Gas Systems Limited


Lekki Concession Company


Finnish Fund for Industrial Cooperation Limited


Norwegian Investment Fund for Developing Countries


Shell Plc


Nigerian National Petroleum Company Limited


Lagos State Government


Future Energies Africa Ltd


Lagata Group


Starsight Group


Work highlights


  • Advised First Modular Gas Systems Limited and sponsors on a multi-billion financing for the development and construction of a gas processing plant in Nigeria.

The New Practice (TNP)

The ‘very diligent‘ team at The New Practice (TNP) is adept at handling bond issuances, project finance matters and REIT mandates. Baba Alokolaro and Genevieve Henshaw have expertise in capital markets, and Bukola Bankole is sought after by technology start-up clients. Temitope Sowunmi is well versed in advising on private equity and infrastructure finance, as well as regulatory matters.

Practice head(s):

Baba Alokolaro; Bukola Bankole


Other key lawyers:

Genevieve Henshaw; Temitope Sowunmi


 


Testimonials

‘Very diligent and willing to offer bespoke solutions to each individual client’s needs.’

‘The team is very hands-on with negotiations and ensures collaboration between contracting parties. This plays a crucial role in closing deals.’

‘Bukola Bankole has in-depth knowledge of complex commercial law matters. Temitope Sowunmi was extraordinary.’

Key clients

Flour Mills of Nigeria Plc


Transport Services Limited


Geregu Power Plc


UAC Nigeria Plc


Bilaad Realty Nigeria Limited


Godmade Homes Limited


Coceptive Services Limited


Landwey Investment Limited


Rensource Commercial Industries Limited


MTN Nigeria Communications


Work highlights


  • Assisted Flour Mills of Nigeria with the issuance of its NGN40 billion Series 1 bonds under the NGN200 billion bond issuance programme.
  • Advised on the establishment of a NGN10 billion Sukuk programme by Bilaad Realty Nigeria Limited.
  • Assisted Godmade Homes Limited with its NGN20 billion commercial paper issuance programme.