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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 & Ighodaloalways goes the extra mile to satisfy clients’, and is noted in particular for its ‘legal and business savvy, market presence and professionalism’. Asue Ighodalo and Ayotunde Owoigbe handle the full range of banking, finance and capital markets work, while Femi Olubanwo and Azeezah Muse-Sadiq are also key contacts for banking and finance and for securities and capital markets respectively. The firm, together with Clifford Chance, advised a syndicate of lenders on the restructuring of an existing $300m revolving credit facility for Seplat Petroleum Development, and advised the Debt Management Office as counsel to the Federal Republic of Nigeria on the Nigerian law aspects of its issuance of $1.5bn-worth of eurobonds. Seyi Bella and Isa Alade are recommended senior associates.

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 ‘a respected voice in the industry’; it is recognised for providing ‘bespoke, expert support from deals to regulatory compliance reviews’. ‘Very astute’ name partner Asue Ighodalo and ‘passionate, meticulous, tough negotiator’ Azeezah Muse-Sadiq together handled GlaxoSmithKline’s sale and divestment of its drinks business to Suntory Beverage & Food Nigeria, while Ighodalo and ‘very good, diligent lawyerAyotunde Owoigbe advised Asset Management Corporation of Nigeria on the divestment of its share capital and on its sale of Keystone Bank. Owoigbe and Stella Duru also advised Helios Investments on its acquisition of 49% of Oando’s interest in Oando Gas and Power. Femi Olubanwo, senior counsel Isa Alade and senior associate Tomisin Ojuawo, who is ‘a rising star in corporate and commercial law’, are recommended.

Leading individuals

Asue Ighodalo - Banwo & Ighodalo

Ayotunde Owoigbe - Banwo & Ighodalo

Next generation lawyers

Tomisin Ojuawo - Banwo & Ighodalo

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Dispute resolution
Dispute resolution - ranked: tier 2

Banwo & Ighodalo

Banwo & Ighodalo’s practice is noted for its ‘detailed, precise and very high-quality’ level of service. Highlights included defending Oriental Energy Resources against an action seeking over $23m-worth of damages for alleged conspiracy and fraud concerning the transfer of crude sale proceeds. The team also represented Emerging Markets Telecommunications Services in a claim bought against all telecoms operators in Nigeria concerning alleged infringement of privacy rights by telemarketing activities. Abimbola Akeredolu heads the practice. ‘Speedy, skilled commercial litigator’ Chinedum Umeche has ‘very strong dispute resolution skills and a strong sense of urgency’.

Leading individuals

Abimbola Akeredolu - Banwo & Ighodalo

Next generation lawyers

Chinedum Umeche - Banwo & Ighodalo

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

Banwo & Ighodalo

Banwo & Ighodalo is strong in oil and gas work, with work spanning acquisitions and disposals of petroleum assets, gas supply, modernisation and utilisation projects, cross-border capital raising and listings, and corporate restructurings. Clients note the firm’s ‘excellent overall level of service and knowledge of the oil and gas industry’, describing the firm as ‘extremely responsive, detail-oriented and demonstrating very strong analytical skills’. Managing partner Ken Etim has ‘an uncanny ability to come up with commercial resolutions’; Kehinde Ojuawo has ‘vast industry knowledge and is quick on the uptake during negotiations, deploying extensive persuasive skills’. Stella Duru, Asue Ighodalo and senior associate Akindeji Oyebode are also recommended. Highlights included advising Helios Investors Genpar III on the acquisition of a 49% interest in Oando Gas & Power, and assisting Chevron Nigeria on a $780m accelerated upstream production programme financing for the development of eight wells in Sonam Field and Okan Field to produce crude oil, liquefied natural gas (LNG) and condensate.

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

Olumide Osundolire heads Banwo & Ighodalo’s property, infrastructure and construction practice, which advises on the acquisition, construction and development of properties including apartments, shopping centres, hospitality facilities, factories and transport infrastructure. Osundolire recently advised Stanbic IBTC Bank on the $38m financing of the Circle Mall by Osapa-Lekki SPV, and advised Polo Park Development on various legal issues relating to the construction and development of the Polo Park Shopping Mall in Enugu State. Stella Duru and counsel Olamide Oshikoya are also recommended.

Leading individuals

Olumide Osundolire - Banwo & Ighodalo

Next generation lawyers

Olamide Oshikoya - Banwo & Ighodalo

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Shipping and transport
Shipping and transport - ranked: tier 1

Banwo & Ighodalo

Incisive and creative firmBanwo & Ighodalo provides ‘a high level of flexibility and always responds quickly to requests’. The group has been retained as counsel to Bourbon for almost ten years, working on innovative ship financing and acquisition transactions as well as a precedent-setting piece of litigation concerning the taxation of crew aboard vessels. Ken Etim heads the practice; senior associate Nonso Azih has extensive experience in advising local and foreign shipowners, charterers, insurers, protection and P&I clubs and financiers. Recent non-contentious projects include advising China Export and Credit Insurance on all legal and regulatory shipping matters for the issuance of an overseas equity investment insurance policy pertaining to the concession of the Tin Can Island Port Terminal. The team defended NIDAS (marine subsidiary of Nigerian National Petroleum) against claims arising from a contract for the transportation of approximately two million barrels of crude oil.

Next generation lawyers

Nonso Azih - Banwo & Ighodalo

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Further information on Banwo & Ighodalo

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Nigeria

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