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Aluko & Oyebode

1 MURTALA MUHAMMED DRIVE, (FORMERLY BANK ROAD), IKOYI, LAGOS, NIGERIA
Tel:
Work +234 1 462 8380
Fax:
Fax +207 681 3402
Email:
Web:
www.aluko-oyebode.com
Lagos, London, Port-Harcourt

Nigeria

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

Aluko & Oyebode

Aluko & Oyebode’s ‘excellent’ department is headed jointly by banking and finance specialist Kofo Dosekun and capital markets expert Olubunmi Fayokun. Dosekun advised a syndicate of lenders on restructuring a proportion of $2bn-worth of loan facilities granted to a Nigerian oil and gas company, and acted as Nigerian counsel to J.P. Morgan on the hedging of a portfolio of its investments in Nigeria, representing one of the first over-the-counter (OTC) FX futures hedging contracts in Nigeria. On the capital markets side, Fayokun’s team advised Access Bank on the issuance of ₦100bn commercial paper listed on the FMDQ OTC Securities Exchange, and acted for Rand Merchant Bank Nigeria as joint transactional counsel on its issuance of ₦80bn-worth of multi-currency commercial paper to support the bank’s short-term financing requirements. Other key individuals for banking and finance are Oludare Senbore, Oghogho Makinde and Reginald Udom; other capital markets experts include Ayodeji Oyetunde. Senior associates Jennifer Martins-Okundia and Funmilayo Otsemobor are also noted.

Leading individuals

Kofo Dosekun - Aluko & Oyebode

Olubunmi Fayokun - Aluko & Oyebode

Next generation lawyers

Ayodeji Oyetunde - Aluko & Oyebode

Funmilayo Otsemobor - Aluko & Oyebode

Jennifer Martins-Okundia - Aluko & Oyebode

Oludare Senbore - Aluko & Oyebode

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

Aluko & Oyebode

Aluko & Oyebode’s ‘efficient’ team ‘demonstrates good practical legal and industry knowledge’. Group head Olubunmi Fayokun led on multiple market-leading transactions, including ExxonMobil’s sale of its 60% stake in Mobil Oil Nigeria, and Access Bank’s divestment of its 18% shareholding in Stanbic IBTC Pension Managers; senior associates Jennifer Martins-Okundia and Unekuojo Idachaba provided support. A team led by Ayodeji Oyetunde and Gbenga Oyebode acted for a consortium of leading private equity firms on its $80m acquisition of a stake in Beloxxi Industries. Oghogho Makinde leads the business advisory team; he acted for a market-leading European laboratory services company on its acquisition of a majority stake in a pathology laboratory company. Sumbo Akintola heads the firm’s TMT practice.

Leading individuals

Olubunmi Fayokun - Aluko & Oyebode

Next generation lawyers

Jennifer Martins-Okundia - Aluko & Oyebode

Unekuojo Idachaba - Aluko & Oyebode

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Dispute resolution
Dispute resolution - ranked: tier 1

Aluko & Oyebode

The team at Aluko & Oyebode, which is ‘a reputable and strong firm’ for dispute resolution and arbitration, is led by Babatunde Fagbohunlu. Fagbohunlu has led on some of Nigeria’s most significant petroleum-related disputes in the past year, successfully obtaining an injunction in the Court of Appeal on behalf of Shell, Total and Nigerian Agip Oil restraining Crestar Integrated Natural Resources from selling its assets to any third party. He has also been representing Chevron in potentially $10bn-worth of claims arising out of the 2012 ‘KS Endeavour Incident’. Debt recovery and receivership expert Adeniyi Adegbonmire was appointed by Asset Management Corporation of Nigeria to act as receiver of a Nigerian airline that had incurred debts worth over ₦11bn. Tax litigation expert Chukwuka Ikwuazom is handling a tax dispute for Trafigura Beheer worth over $600m, while IP and admiralty specialist Mark Mordi defended Guinness against a motion for an injunction to prevent it from proceeding with its rights issuance programme.

Leading individuals

Babatunde Fagbohunlu - Aluko & Oyebode

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

Aluko & Oyebode

Managing partner Gbenga Oyebode heads the practice at Aluko & Oyebode. Oyebode and Olubunmi Fayokun led a team handling ExxonMobil’s ₦90bn sale of its 60% stake in Mobil Oil Nigeria, a deal anticipated to boost investor confidence in the downstream sector of the oil and gas industry. Oghogho Makinde assisted Voltalia with its solar power plant project in Bauchi State, advising on a tax-efficient structure, interfacing with regulators and providing comprehensive advice on the importation and custom clearance process for equipment. Kofo Dosekun and senior associate Fumilayo Otsemobor advised Standard Advisory London on the restructuring of a $600m reserve-based facility provided to an upstream oil and gas operator. Olubare Senbore, Reginald Udom and senior associate Adesegun Agbebiyi are also recommended.

Leading individuals

Gbenga Oyebode - Aluko & Oyebode

Next generation lawyers

Adesegun Agbebiyi - Aluko & Oyebode

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

Aluko & Oyebode

Aluko & Oyebode has a wealth of experience in acquisitions, sales, construction matters and development of industrial and residential property; the firm’s portfolio also includes advice on commercial lettings, compulsory purchases, development finance, secured lending and redevelopments. Adeniyi Adegbonmire heads the practice and specialises in construction arbitration and dispute resolution, recently defending City Construction and Real Estates in a lawsuit brought by a family claiming ownership of land where the client operated a warehouse, and assisting GBMT Global with the acquisition of land along the Lagos-Ibadan Expressway in Ogun State.

Leading individuals

Adeniyi Adegbonmire - Aluko & Oyebode

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Shipping and transport
Shipping and transport - ranked: tier 1

Aluko & Oyebode

Aluko & Oyebode’s shipping and transport team specialises in shipping litigation and arbitration for owners, P&I and defence clubs, charterers, cargo underwriters and bunker suppliers, as well as acting for banks, financial institutions and other entities. The team successfully defended a claim for Northwest Petroleum & Gas for sums allegedly due in respect of spares supplied and services rendered to the MT Mother Benedicta and its crew. The aviation sector is a large source of work; the firm is handling the litigation portfolio of Turkish Airlines, including defence and a counterclaim against an action instituted by Greater Washington Capital pursuant to a general sales agency agreement. Mark Mordi leads the team.

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Nigeria

Offices in Lagos and Port-Harcourt

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