The Legal 500

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98 AWOLOWO ROAD, SOUTH WEST IKOYI, LAGOS, NIGERIA
Tel:
Work +234 1 461 5203
Fax:
Fax +234 1 461 5205
Email:
Web:
www.banwo-ighodalo.com

Nigeria

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 1

Banwo & Ighodalo

Banwo & Ighodalo’s β€˜innovative team is recommended for resolving complex issues’. Lender-side matters included acting for African Development Bank on a proposed line of credit for Fortis Microfinance Bank; advising Natixis Bank on a $1bn-plus loan facility for Total E&P Nigeria; and assisting the lenders – including Industrial and Commercial Bank of China – on loan facilities provided to Emerging Markets Telecommunications Services Nigeria for the construction of a telecoms network. US government development finance institution Overseas Private Investment Corporation (OPIC) is also a client. Borrower-side mandates included acting for a telecoms company on the refinancing of loan facilities. Femi Olubanwo, Asue Ighodalo and Ayotunde Owoigbe are the key partner contacts. Senior associate Seyi Bella and recently promoted partner Isa Alade are recommended.

Leading individuals

Ayotunde Owoigbe - Banwo & Ighodalo

Next generation lawyers

Isa Alade - Banwo & Ighodalo

Seyi Bella - Banwo & Ighodalo

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Banwo & Ighodalo

Banwo & Ighodalo is β€˜an excellent, hardworking firm that is at the top of its game’. The practice advised MeCure Healthcare on its sale of a 30% equity stake to KTH Africa Healthcare 1 and the restructuring of two affiliated companies. Other work included advising Troyka Holdings, the first wholly integrated marketing communications service provider in West Africa, on its divestment of 25% of the issued share capital of five of its marketing, public relations and advertising subsidiaries to Publicis Groupe. Buy-side mandates included acting for a consortium of four investors on an equity investment in healthcare provider Hygeia Nigeria. Asue Ighodalo is β€˜very commercial, provides reassurance at the highest levels and is very connected in the Nigerian business community’; Ayotunde Owoigbe is β€˜a very good, diligent lawyer, who is always available’; and J recently promoted partner Azeezah Muse-Sadiq is β€˜very capable, growing in confidence and ability’. Femi Olubanwo and new partner Isa Alade are also recommended. Adedoyin Afun joined Bloomfield Law Practice.

Leading individuals

Asue Ighodalo - Banwo & Ighodalo

Ayotunde Owoigbe - Banwo & Ighodalo

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Dispute resolution
Dispute resolution - ranked: tier 3

Banwo & Ighodalo

Banwo & Ighodalo β€˜combines industrial experience and commercial understanding with high levels of legal knowledge, allowing for an absolutely excellent service’. The team of experienced litigators, arbitrators and mediation experts frequently handles disputes involving construction contracts, oil and gas matters, shipping law, as well as international trade, telecoms contracts and tax law. It represented Oriental Energy Resources (OERL) against Afren Resources and Stanbic IBTC Bank to obtain interim orders to prevent the dissipation of funds in joint venture accounts. The practice also defended Manitoba Hydro International and Manitoba Hydro International Nigeria against a lawsuit seeking injunctive and declaratory reliefs as well as damages for the allegedly unlawful award of an electricity management contract. Ken Etim and Stella Duru are experienced practitioners.

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Energy and natural resources
Energy and natural resources - ranked: tier 1

Banwo & Ighodalo

β€˜A very pragmatic, client-focused, progressive firm’, Banwo & Ighodalo is β€˜very creative when providing workable solutions to real commercial issues; it is also dependable and always ready to act, even on minimal notice’. The practice is highly rated for its experience in significant oil, gas, power and mining projects. Highlights included advising General Electric on its acquisition of Alstom Nigeria, which provides energy transmission and distribution services. The team also assisted the Nigerian National Petroleum Corporation with the transition from an unincorporated joint venture model to an incorporated arrangement. Helios Investors Genpar III is another client. Managing partner Ken Etim, Stella Duru and Asue Ighodalo are recommended. The β€˜very astute, calm and unflappable’ Kehinde Ojuawo has β€˜great analytical skills’. Former senior associate Ayodele Oni joined Bloomfield Law Practice.

Leading individuals

Ken Etim - Banwo & Ighodalo

Next generation lawyers

Akindeji Oyebode - Banwo & Ighodalo

Kehinde Ojuawo - Banwo & Ighodalo

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Real estate and construction
Real estate and construction - ranked: tier 1

Banwo & Ighodalo

Banwo & Ighodalo β€˜provides practical solutions to real commercial issues’. Its wide-ranging client base includes government entities, financial institutions, investors, dealers, developers and property owners. Representative work includes advising on acquisitions, investments, developments and financings; the practice also has substantial experience in conveyancing, obtaining governmental consents and registering land instruments. Contentious work includes assisting with compensation claims and land dispute settlements. Stella Duru and recently promoted partner Olumide Osundolire are recommended.

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Shipping and transport
Shipping and transport - ranked: tier 2

Banwo & Ighodalo

β€˜Incisive and creative firm’ Banwo & Ighodalo provides β€˜a high level of flexibility and always responds quickly to requests’. The team handles wet and dry shipping matters, where it acts for shipowners, P&I clubs, shipbrokers, shipping companies, terminal operators, banks and multinational companies, such as Nedbank, RaetsMarine Insurance and Thome Group. It recently advised Global Maritime and Port Services Pte on the development of a proposed deep sea port and has been retained as legal counsel by a leading maritime services provider in Nigeria. In aviation, the practice assists an international airline with its operations in Nigeria. Ken Etim is a key contact along with senior associate Nonso Azih, who has extensive experience of advising clients such as local and foreign shipowners, charterers, lenders, insurers and P&I clubs. Former senior associate Adedoyin Afun joined Bloomfield Law Practice.

Next generation lawyers

Nonso Azih - Banwo & Ighodalo

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Nigeria

Offices in Lagos

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