Aluko & Oyebode advises multinational and Nigerian clients on the full range of financing matters, with notable work in Eurobonds and syndicated lending facilities. The firm’s prominent position in the market is evidenced by its membership of the Africa Legal Network, an alliance of leading independent African law firms. The practice is headed by ‘market leader’ Kofo Dosekun who also leads the firm’s corporate work, working primarily on project finance, syndicated lending, and structured trade finance. Other notable members of the team include Reginald Udom, who specialises in financing for energy and infrastructure, and Olubunmi Fayokun who heads the firm’s work on capital markets. Elsewhere, Oludare Senbore leads the power team, Ayodeji Oyetunde primarily advises on debt and equity capital markets, and Funmilayo Otsemobor has experience in financial regulatory issues.
Banking, finance and capital markets in Nigeria
Aluko & Oyebode
Practice head(s):
Kofo Dosekun; Olubunmi Fayokun; Oghogho Makinde
Other key lawyers:
Reginald Udom; Oludare Senbore; Ayodeji Oyetunde; Funmilayo Otsemobor; Ajibola Asolo; Ozioma Agu
Testimonials
‘The firm has a great team of partners covering different practice areas relevant to my employer’s business. They have advised me on a couple of complex and high-value transactions over the last year.’
‘Kofo Dosekun is a solid market leader. Funmi Otsemobor is an emerging market force with clear knowledge of her sectors. Dare Senbore is a responsive and bright lawyer. Ozioma Agu is a bright and promising associate.’
‘They are technically strong, while also being pragmatic and commercial in negotiations.’
‘Oludare Senbore is excellent. He is available, commercial, technically very strong, and robust in negotiations.’
Key clients
MTN Nigeria Communications Plc
Access Bank Plc
Access Holding Plc
Guaranty Trust Bank Limited
Shelter Afrique
Citibank Nigeria Limited
Citibank N.A London Branch
Africa Finance Corporation
Shell Western Supply and Trading Limited
Stanbic IBTC Bank Plc
Standard Chartered Bank Nigeria Limited
Rand Merchant Bank
African Trade Finance Limited
Mashreqbank Psc
Work highlights
- Acted as local counsel to Citibank Europe PLC and a syndicate of Lenders on three different transactions involving the same obligors.
- Acted as Nigerian counsel to the senior lenders in connection with the restructuring of a US$175,000,000 reserve-based lending facility.
- Acted as joint Nigerian legal counsel to Access Bank Plc in connection with its issuance of US$500 million Basel III compliant Perpetual Non-Call Additional Tier 1 Eurobond Notes.
Banwo & Ighodalo
Banwo & Ighodalo advises on a wide-range of banking and finance matters, with notable expertise in project finance, securitisation transactions, and regulatory issues. The firm’s offering is bolstered by a specialised practice aimed specifically at fintech and broader technology projects in the tech-based start-up space. In capital markets, the team has a debt specialism and has worked on some of the most high-profile issuance matters in the market. Founding partner Asue Ighodalo brings extensive experience in banking and capital markets, while Femi Olubanwo‘s expertise relates to project finance. Ayotunde Owoigbe has advised in relation to notable syndicated lending facilities and Eurobond issuances, whereas Azeezah Muse-Sadiq specialises in capital markets. Isa Alade brings expertise in fintech, and Seyi Bella focuses on secured lending and corporate finance.
Practice head(s):
Asue Ighodalo; Femi Olubanwo; Ayotunde Owoigbe; Azeezah Muse-Sadiq; Isa Alade; Seyi Bella; Ayodele Adeyemi-Faboya
Other key lawyers:
Olamide Oshikoya
Testimonials
‘The team is highly-skilled and treated all matters in a professional and timely manner.’
‘They always respond to the point and their advise is always targeted and accurate.’
‘Olamide Oshikoya is very responsive, experienced and client-oriented. His experience in the banking sector shows since he was able to provide specialized advice on different topics within the latest refinancing project we had as a client with one of the largest banks in Nigeria.’
Key clients
FirstRand Bank Limited (acting through its Rand Merchant Bank Division)
The Standard Bank of South Africa Limited
Stanbic IBTC Trustees Limited
Moove Nigeria B.V
Trafigura Pte Ltd
Sterling Bank Plc
FSDH Merchant Bank Limited
FBNQuest Merchant Bank Limited.
Kasi Cloud Investors II LLC
MTN Nigeria Communications PLC
M.R.S Oil and Gas Company Limited
The Nigerian National Petroleum Corporation
Tempo Paper Pulp and Packaging Ltd
The Mauritius Commercial Bank Limited
Ecobank Nigeria Limited. & Ecobank Development Company Limited
Banco BTG Pactual S.A
Bank Of Industry Limited
UAC of Nigeria Plc
Fidelity Bank Plc
Company for Habitat and Housing in Africa
North South Power Company Limited
The Federal Republic of Nigeria
Debt Management Office
TrustBanc Holdings Limited
Dangote Industries Limited
Mixta Real Estate Plc
Dangote Cement Plc
Access Bank Plc
Ardova Plc
Lagos State Government
Work highlights
- Acted as Nigerian counsel to a syndicate of lenders in connection with a EUR1,000,000,000 unsecured two year term loan.
- Advised Moove Nigeria B.V. in connection with the US$60,000,000 financing advanced by a consortium of banks.
- Advised the Joint Bookrunners in connection with the issuance of US$500 million perpetual fixed-rate resettable non-cumulative non-call subordinated (AT1) notes.
G. Elias & Co
G. Elias & Co advises high-profile clients in the energy space, with an emphasis on oil-related investments, alongside international financial institutions and Nigerian state bodies, on a number of complex cross-border financial transactions and credit products. The prominent capital market practice has a broad offering, including IPOs, corporate, state and parastatal bonds, asset-backed securities, and commercial paper issuances. Fred Onuobia advises on notable financial transactions in both the public and private sectors, with a core practice in derivatives and repurchase transactions, while Gbolahan Elias has experience working in high-profile project finance and syndicated lending matters. Segun Omoregie works primarily in capital markets.
Practice head(s):
Gbolahan Elias; Fred Onuobia; Segun Omoregie
Other key lawyers:
Ockechukwu Okoro; Michelle Chikezie
Key clients
African Export-Import Bank
BUA Industries Limited
Lagos State Government
EDFI Management Company SA
MTN Nigeria Communication Plc
United Bank for Africa Plc
Citigroup Global Markets Europe AG
Mashreqbank psc
Standard Chartered Bank
Renaissance Securities (Cyprus) Limited
C&I Leasing Plc
Radix Trustees Limited
Leadway Capital
Lagos Free Zone Company (LFZC Funding SPV Plc)
Work highlights
- Advised as Nigerian counsel to United Bank for Africa Plc on the establishment of a Eurobond.
- Advised as transaction solicitors on the equity offering by MTN Nigeria Telecommunications Plc (“MTN”).
- Advised Afreximbank on the financing of the Aba Independent Power Plant (“IPP”) sponsored by Geometric Power Aba Limited.
Olaniwun Ajayi LP
Olaniwun Ajayi LP advises on the full scope of financial transactions and products, with a particularly strong offering in project finance in the energy and infrastructure sectors. This is supplemented by equally high-profile work in the capital markets space, with novel and high-value work in Eurobonds, and state and corporate bonds. Yewande Senbore and Konyin Ajayi have extensive experience in banking, finance, and capital markets, both working on the novel EUR700 million Eurobond Issuance by the Bank of Industry. Tominiyi Owolabi and Wolemi Esan bring sector specialisation in energy, working on a number of high profile financing and facility restructuring mandates in that space, while Ibi Ogunbiyi has overseen notable matters in the infrastructure and renewables sectors.
Practice head(s):
Wolemi Esan; Tominiyi Owolabi
Other key lawyers:
Yewande Senbore; Konyin Ajayi; Folake Alabi; Olamide Aiyeola; Ejemen Ofoman; Ibi Ogunbiyi; Folake Alabi; Ogechi Onuoha
Key clients
African Finance Corporation
Bank of Industry
Coronation Merchant Bank Limited
Citigroup Global Markets Ltd
Dangote Cement Plc
DLM Capital Group Limited
Infrastructure Credit Guarantee Company Limited
International Finance Corporation
Katsina State Government
Lagos State Government
Nigerian Bottling Company Limited
Nigeria Liquefied Natural Gas Company
Seplat Petroleum Development Company Plc.
StanbicIBTC Asset Management Ltd
Sterling Oil Exploration & Energy Company Limited
United Capital Plc
Seplat Energy Plc
ANOH Gas Processing Company Limited
First Bank of Nigeria Limited
GuarantCo Limited
Ecobank Nigeria Limited
Union Bank of Nigeria Plc
First City Monument Bank Limited
United Bank for Africa Plc
Work highlights
- Advised the Joint Global Coordinators on the EUR700 million Eurobond Issuance by the Bank of Industry, the first Eurobond issuance by an African DFI.
- Advised the Africa Finance Corporation on the USD200 Million financing of the construction and operation of a sugar plant with a capacity per annum of 220,000 tonnes.
- Advised on the establishment of a NGN300 billion bond issuance programme by Dangote Industries Funding Plc.
Templars
Templars provides a full range of financial services with a particular focus on project finance mandates, the team having worked on numerous high-profile matters across the energy, infrastructure, and shipping sectors. The firm is also active in the capital market space, working on a variety of equity and debt-backed instruments, advising on a range of products. Practice head, Chike Obianwu, focusses on capital markets where his expertise is primarily in international issuances. Zelda Akindele has a broad experience in fund formation, structuring, and administration in addition to project finance matters, while Desmond Ogba focuses on structured and corporate finance.
Practice head(s):
Chike Obianwu
Other key lawyers:
Zelda Akindele; Desmond Ogba; Modupe Dabiri; Obianuju Ifebunandu
Testimonials
‘Excellent practice knowledge.’
‘Zelda Akindele is a responsive and knowledgeable partner.’
‘Excellent service delivery.’
‘The lawyers, especially Zelda Akindele and Obianuju Ifebunadu, are unique in the level of attention they pay to our business needs.’
Key clients
Lagos Free Zone Company
IHS Towers
Coronation Merchant Bank Limited
Citigroup Global Markets Limited
JP Morgan Securities Plc
Renaissance Securities (Cyprus) Limited
Absa Bank Limited
Chapel Hill Denham Advisory Limited
Barclays Bank Plc,
Rand Merchant Bank
Firstrand Bank Limited
Standard Chartered Bank.
Access Bank
Stanbic IBTC Bank
Asset Management Corporation of Nigeria
Prime Oil & Gas B. V
Islamic Corporation for the Development of the Private Sector
Chapel Hill Denham Management Limited
Kuda Bank
Babban Gona Farmer Services Nigeria Limited
International Finance Corporation
NBK Capital Partners
Blueorchard Finance Ltd
Fidelity Bank
ARM Trustees Limited
Cardinal Stone Trustees Limited
United Capital Trustees Limited
Alpha Mead Development Company Limited
KBC Bank NV
ING Belgium NV/SA, The Mauritius Commercial Bank Limited and Société Belge d’Investissement International SA
Work highlights
- Acted as Nigerian legal counsel to IHS and INT in the issuance of US$500,000,000 5.625% Senior notes due 2026, and US$500,000,000 6.250% Senior notes due 2028.
- Advised the joint bookrunners on two back-to-back Eurobond issuances with a combined value of US$1 billion by Access Bank plc.
- Advised Access Bank, Stanbic IBTC Bank, and the Asset Management Corporation of Nigeria in connection with the restructuring and refinancing of a US$500 million debt provided to the Geometric Power Group.
Udo Udoma & Belo-Osagie
Udo Udoma & Belo-Osagie advises on the full spectrum of financial matters, with high profile work in relation to real estate investment trusts, infrastructure financing, and bond and notes programmes. The firm remains active in a number of other sectors, servicing international clients in their financial mandates in energy, manufacturing, finance, TMT, and healthcare. Managing partner Aniekan Ukpanah has expertise in project financing across a variety of sectors, working alongside Daniel Agbor with his wide-ranging experience in banking, finance, and capital markets. Yinka Edu‘s broad expertise covers Islamic finance, capital markets, fintech, and regulatory matters, and is active alongside Onyinye Okafor in derivatives and structured finance.
Practice head(s):
Dan Agbor; Aniekan Ukpanah
Other key lawyers:
Yinka Edu; Nicholas Okafor; Adeola Sunmola; Joseph Eimunjeze; Onyinye Okafor; Lisa Esamah
Testimonials
‘Mrs. Yinka Edu is a seasoned lawyer with several years of legal practice. Her capital market knowledge is really commendable and this enabled her to lead the transaction seamlessly.’
‘Lisa Esamah is an enigma. I even call her “indefatigable Lisa”: she was never tired, she was always ready to help resolve any issue, her turnaround time was excellent, and she has an excellent mastery of capital markets.’
‘Their vast knowledge of corporate practice allows for the satisfaction of each client.’
‘The firm’s Banking and Finance practice is a key area of its specialization preferring solutions in acquisition finance, secured and unsecured facilitations, syndicated loans and project finance.’
‘Their dedication to work is commendable.’
‘Strong knowledge and understanding of the financial markets and environment in Nigeria.’
‘UUBO has good depth in their team and has given solid advice and guidance.’
‘UUBO is a top notch law firm with very professional and brilliant lawyers. They are well-versed in banking & finance, energy law, Islamic financing, capital markets etc. They are also good in proffering opinions on legal issues.‘
Key clients
British 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
Engee PET Manufacturing Company Nigeria Limited
Barak Fund SPC Limited
BUA Cement Plc
BUA Foods PLC
Seplat Energy Plc
MTN International (Mauritius) Limited
FBNQuest Trustees Limited, Apel Capital & Trust Limited
Flour Mills Nigeria PLC
Fundco Capital Managers Limited
International Breweries PLC
MTN Nigeria Communications PLC
Emzor Pharmaceutical Industries Limited
UAC of Nigeria PLC
Dufil Prima Foods PLC
FSDH Merchant Bank Limited
Edo State Government
Daraju Industries Funding SPV PLC
Mainstreet Microfinance Bank Limited
Babban Gona Farmer Services Limited
Quantum Zenith Asset Management & Investments Limited’s Zenith Dollar Fund
Quantum Zenith Asset Management & Investments Limited
FSDH Asset Management Limited (Coral Money Market Fund)
Presco Plc
Industrial and Medical Gases Nigeria Limited
Stanbic IBTC Bank PLC
Work highlights
- Acted as Local Counsel to the joint Arrangers/Dealers in connection with the USD 4 billion Eurobond issued by the Federal Government of Nigeria through the Debt Management Office.
- Advised the International Finance Corporation in connection with its sustainable loan of the Naira equivalent to USD 50 million to the Lagos State Government.
- Advised Geometric Power Limited on the debt restructuring of a facility of USD 560 million.
AELEX
AELEX advises on a number of notable project finance mandates, specifically in the oil, gas, maritime, and aviation sectors. The firm provides more general advisory, regulatory, and compliance services for a number of international financial institutions, alongside an active capital markets practice with particular strengths in the agriculture, manufacturing, real estate, financial services, and venture capital spaces. Practice head Lawrence Fubara Anga advises on the full scope of financial issues that affect projects in the oil and gas, transport, telecoms, and financial services sectors; he is supported by Sina Sipasi, who is called on in relation to acquisition finance and syndicated lending, and Chinyerugo Ugoji who acts primarily in capital markets, working for private equity, development finance, and other multinational institutions.
Practice head(s):
Lawrence Fubara; Davidson Oturu
Other key lawyers:
Sina Sipasi; Chinyerugo Ugoji
Key clients
EMTS (Etisalat)
Keystone Bank
Nigerian Stock Exchange
Securities Solutions Limited
Emerging Markets Payment West Africa Limited
PayU Payments Nigeria Limited
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
Luno Fintech Nigeria Limited
Work highlights
Bloomfield LP
Bloomfield LP advises on the full range of banking, finance, and capital market transactions, with a longstanding relationship with some of Nigeria’s most high-profile financial institutions and a developing presence in the Islamic finance and green bonds spaces. The team is active in a number of other sectors, bringing experience in a number of different sectors to the banking and finance work, including shipping, energy, and real estate. Adedoyin Afun co-heads the practice and has worked on a number of complex deals, with a more recent focus on Islamic Finance, while co-head Ayodele Oni works on regulatory, compliance, and project finance matters.
Practice head(s):
Adedoyin Afun; Ayodele Oni
Other key lawyers:
Ebele Ikpeoyi; John Sunday
Testimonials
‘The team is young, flexible, and operates with a quick turnaround time. The team has a vast knowledge about multiple areas of banking and capital markets.‘
‘Collaborative, diverse, and possessing technical knowhow.‘
‘Adedoyin Afun is highly intelligent and a good leader. Ebele Ikpeoyi and John Sunday were both resourceful and hardworking.’
Key clients
Niger Delta Exploration and Production Plc
ND Refineries Limited
Purple Capital Partners Limited
Purple Real Estate Development Company Plc
Niger Delta Petroleum Resources Limited
Nova Merchant Bank Limited
Glomobile Limited
Africa Pits and Quarries Limited
Capitaltrust Investment & Assets Management Limited
Telford Offshore Group
Conoil Producing Limited
Westfield Subsea Limited
Stanbic IBTC Bank Plc.
OneWattSolar Limited
God is Good Motors
DLM Trust Company Limited
Alagbaka Power Limited
Work highlights
- Acting as borrower’s counsel to ND Refineries Limited on the financing of a modular refinery and a sulphur hydrotreatment units situated in Ogbele.
- Advising Glomobile Nigeria Limited in relation to the credit facility of Thirty Billion Naira to be provided by First Bank of Nigeria Limited.
- Advised Stanbic IBTC Bank Limited regarding the provision of a Three Million, Two Hundred Thousand United States Dollars facility to Propetrol Limited.
Jackson, Etti & Edu
Jackson, Etti & Edu is active in structured, trade, acquisition, project, and commodities financing, working with borrowers and lenders across the infrastructure, oil and gas, manufacturing, and telecoms sectors. The firm is also active in the capital markets space where it provides services for the full scope of IPOs, bond issuances, and related transactions. Fola Olusanya heads the practice, broadening her expertise in financing matters with experience in restructuring facilities and working on broader commercial matters. Managing partner Koye Edu is also of note, working with a number of high-profile international financial institutions in the oil and gas, IT, manufacturing, and pharmaceutical sectors.
Practice head(s):
Folasade Olusanya
Other key lawyers:
Koye Edu
Testimonials
‘The firm has a team of experienced lawyers that provide top notch service across several sectors and are very accessible.’
‘The partners and counsels are down to earth, smart, collegiate and business-oriented.’
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 and SMBC Capital Markets, Inc.
FCMB Capital Markets Limited
Work highlights
- Advised Stanbic IBTC Infrastructure Fund on the NGN 12 billion senior term loan facility to AP LPG Limited for the construction of a mixed liquefied petroleum gas storage terminal.
- Advising FCMB Capital Markets Limited and a syndicate of lenders on a USD80 million facility to Thor Investments BVI Limited.
- Advised Providus Bank Limited on its notes issuance programme with an aggregate value not exceeding US $50 million.
Abdulai, Taiwo & Co
Abdulai, Taiwo & Co is particularly active in the PPP/PFI space and is routinely involved in a number of significant infrastructure and utilities projects in the Nigerian market. Alayo Ogunbiyi heads the team, working in finance transactions that cover a range of sectors such as transport, infrastructure, and utilities, operating alongside Ladi Taiwo and Kunle Ayansola who primarily support on project finance, with a focus on infrastructure and energy mandates.
Practice head(s):
Alayo Ogunbiyi; Ladi Taiwo
Other key lawyers:
Kunle Ayansola
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
International Finance Company
Proparco Groupe Agence Francaise
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
International Islamic Trade Finance Corpn.
Work highlights
- Advised Debt Management Office on the NGN 250 Billion Federal Govt. of Nigeria Sovereign Sukuk 2021 to finance building of roads and infrastructure.
- Advised Presco Plc as bond sponsor on the NGN 50 Billion Multiple Series Corporate Bond.
- Advised Debt Management Office on the NGN 200 Billion Federal Govt. of Nigeria Sovereign Sukuk 2022 to finance building of roads and infrastructure.
Alliance Law Firm
Alliance Law Firm works on a number of notable facility restructurings and bond issuances with a particular emphasis on the energy sector. The principal of the firm, Uche Val Obi, provides the team with broad expertise, as does Gabriel Onojason, whose general experience in banking and finance encompasses work in project finance, capital markets, and regulatory compliance. Albert Adu is also of note, working primarily in capital markets though with further expertise in fintech and regulatory issues.
Practice head(s):
Uche Val Obi
Other key lawyers:
Gabriel Onojason; Albert Adu; Blessing Choko
Key clients
First Bank of Nigeria Limited
Keystone Bank Limited
Fidelity Bank Limited
Heritage Bank Limited
Zenith Bank Limited
Securities and Exchange Commission
Ecobank Nigeria Limited
Independent Electoral Commission
Frontier Risk Management Plc
Sterling Bank Limited
Guaranty Trust Bank Plc
Drilpet International 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
Nigeria Mortgage Refinance Company Plc
Cesad Industries Limited
Transnational Corporation of Nigeria Plc
Naturalle Nigeria Limited
Bokkir International Company Limited
Al – Keziah Nigeria Limited
InfraCredit Limited
Vorian Corelli
Transcorp Hotels Plc
Independent Infrastructure Limited
HEIRS HOLDING NIGERIA LIMITED
CropIT Limited
11 Plc
Work highlights
- Advised Amaranta on a transaction valued at $1,950,000,000 relating to the revamping of an OML to boost its production and enhance its capabilities.
- Advised Nestoil on the US$1,236,000,000.00 global restructuring and refinancing of the Company.
- Advised trustees on a deal involving the issuer raising capital through private placement of N10,500,000,000 at a fixed rate of 14% through a secured bond.
Dentons ACAS-Law
Dentons ACAS-Law utilises the global resources of the firm to provide a particularly strong service in cross-border financing transactions, with work of note in the fintech, energy, and public sectors. Felicia Kemi Segun heads the team, overseeing the full range of banking and finance services; he is supported by Chinedu Kema who represents clients on bilateral and syndicated lending, and Omolola Coker who advises in relation to investments in start-up technology and fintech companies. The team is supplemented by Ben Unaegbunam who brings his commercial and corporate experience to project finance transactions.
Practice head(s):
Felicia Kemi Segun; Ben Unaegbunam
Other key lawyers:
Chinedu Kema; Omolola Coker
Key clients
Sterling Bank
Maersk Group
Luminate Fund
Africa Finance Corporation
Deutsche Investitious-Und Entwickhingsgesselschaft MBH
Travelex Retail Nigeria Limited and Travelex Business Solutions Limited
Work highlights
- Advising a syndicate of five lenders on the grant of a syndicated facility to Pan Ocean Oil Corporation Nigeria Limited for the construction of a hydrocarbon pipeline and the development of OML 147.
- Providing legal advisory services to Travelex Retail Nigeria Limited and Travelex Business Solutions Nigeria Limited on the restructuring of the Travelex group.
- Providing legal advisory services to FBNQuest Trustees Ltd who have been appointed as security trustee in connection with an 18 Billion Naira facility provided by Access Bank Plc and Sterling Bank Plc to Retail Supermarkets Nigeria Limited.
Duale, Ovia & Alex-Adedipe
Duale, Ovia & Alex-Adedipe advises in relation to financing matters across a range of industries, working on mandates in real estate, renewables, oil and gas, banking and financial services, TMT, and healthcare. Managing partner Adeleke Alex-Adedipe primarily works in banking and capital markets, with a focus on the TMT sector.
Practice head(s):
Adeleke Alex-Adedipe
Key clients
Lagos State Government
Dorman Long Engineering Limited
BMCE Bank International Plc
Alinea Ventures Partner Limited
Parthian Partners Limited
Spontalis Ventures Partners Limited
Drosk Company Limited
Life Bank Technology and Logistics Services Limited
Solad Integrated Power Solutions Limited
Connected Analytics Limited
Arca Payment Limited
Reliance HMO Limited
TeamApt
Mono Technologies
Prestige Insurance Plc
Eczellon Capital Limited
Coleman Technical Industries Limited
Platform Capital Investment Partners Limited
Rusumo Fund Managers Limited
Zrosk Investment Management Limited
Fluna Capital
Work highlights
- Advised the Lagos State Government on a N100,000,0000,000.00 syndicated debt financing for the Phase 1 of the Lagos State Redline Rail Project.
- Advised the sponsors of Dorman Long Engineering Limited on the acquisition finance to participate in a Rights Issue by the company valued at $3,900,000.
- Advised Duport Midstream Company on the incorporation of the Special Purpose Vehicle to operate Ekpat Field which falls within OML 67 operated by Mobil Oil.
Olajide Oyewole LLP
Olajide Oyewole LLP advises clients on the financing of some of a number of notable energy and infrastructure projects in Nigeria, many of the mandates having a central cross-border element. Practice head Dayo Idowo has a strong focus on the energy and infrastructure sectors, and brings his industry experience as an investment banker to the practice.
Practice head(s):
Dayo Idowu
Testimonials
‘We have worked with the firm on various cross-border transactions and the firm is excellent at simplifying complex transactions without creating legal risk. Our impression of the team is that they are very approachable and are commercially minded. This has made it easy to work with them as counsel on various transactions.’
‘The primary lawyer we have dealt with is Dayo Idowu. Working with Dayo has helped in ensuring a seamless conclusion of the transactions, primarily as he is commercially focused and always strives to a find a mutually acceptable solution where legal issues arise.’
Key clients
Mainstream Energy Solutions Limited
Oando Plc.
Samsung Heavy Industries Nigeria Limited
SHI-MCI Free Zone Enterprise
Nigerian National Petroleum Company
Shelter Afrique
Lagos State Government
Finnish Fund for Industrial Cooperation Limited
Norwegian Investment Fund for Developing Countries
Lekki Concession Company
Mobile Power Limited
Argentil Development Company Limited
First Modular Gas Limited Systems Limited
Argentil Capital Partners Limited
BB Energy Nigeria Limited
Quest Electricity Nigeria Limited
Work highlights
- Acted as the borrower’s counsel for a debt and equity investment in the development, operation and maintenance of a gas processing plant.
- Advised Quest Electricity Nigeria Limited in respect of the acquisition of 60% shareholding in Yola Electricity Distribution Plc for N19,000,000,000.
- Advised FINNFUND and Norfund in respect of a USD 20 million financing for a renewable energy project in Nigeria.