G. Elias & Co > Lagos, Nigeria > Firm Profile

G. Elias & Co

Nigeria > Banking, finance and capital markets Tier 1

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.

Nigeria > Commercial, corporate and M&A Tier 1

G. Elias & Co continues to be highly active in M&A, advising various major global entities on high-value, business-critical transactions with a particular focus on banking and financial services. The firm also has experience in other aspects of commercial and corporate law, covering compliance, private equity, and corporate governance, and working within a range of other sectors, such as oil and gas, pharmaceuticals, and TMT. The highly experienced Segun Omoregie advises on major deals within West Africa, working alongside key figure Gbolahan Elias who brings his broad expertise to most of the firm’s ongoing transactions. Fred Onuobia is also of note, supplementing his corporate work with his knowledge of financial matters.

Practice head(s):

Segun Omoregie

Other key lawyers:

Gbolahan Elias; Fred Onuobia; Fidelis Adewole; Michelle Chikezie; Kuburat Abubakar


‘G Elias is a responsive team that has experience in a wide range of sectors. Mr Elias also has deep knowledge of the Nigeria landscape, and is able to assess risks.’

‘The G Elias team comprised Mr Elias and Kuburat Abubakar, both of who are very responsive.’

Key clients

United Bank for Africa Plc.

Bank of Industry

Johnson & Johnson

Titan Trust Bank Limited

Otsuka Pharmaceuticals Co. Ltd

Duport Energy Limited

Capital Trust Investment and Asset Management Limited

First Bank of Nigeria Limited

AIICO Insurance Plc.

Work highlights

  • Advised Titan Trust Bank Limited on the acquisition of 93.41% equity stake in Nigeria’s second oldest bank, Union Bank of Nigeria Plc.
  • Advised Bank of Industry on its up to USD20 million equity fund aimed at investing in innovative business (primarily technology based or tech-enabled).
  • Advised AIICO Insurance Plc, one of the largest insurers in Nigeria, on the sale of 96.4% equity stake in AIICO Pension Managers Limited to FCMB Pensions Limited.

Nigeria > Dispute resolution Tier 1

G. Elias & Co represents high-profile clients in relation to disputes across the full range of sectors, also providing advisory work to entities in relation to potential arbitration and litigation in Nigeria. Gbolahan Elias brings extensive experience in arbitration, and is highly active in disputes relating to tax, real estate, shipping, and oil and gas. Fred Onuobia has headed the team in relation to a number of mandates in the banking and finance space, while Fidelis Adewole‘s work centres on arbitration matters and tax disputes. Other notable team members include Stephen Arubike, who has a focus on taxation, capital markets, banking, and energy disputes, and Abubakar Anafi who has also worked on real estate, employment, and share price manipulation disputes.

Practice head(s):

Gbolahan Elias; Fred Onuobia


‘Clients are the mainstay and centre of the law firm’s operation, and so, to this end, G. Elias provides exceptional client service.’

‘Abubakar Anafi is an intelligent individual who is very diligent, hardworking and highly courteous.’

Key clients

Lagos State Government

Zhongshan Fucheng Industrial Investment Co. Ltd

British American Tobacco Plc

Sunrise Power and Transmission Company

Ecobank Transnational Incorporated

IMA Zambia Limited

ACI Worldwide Incorporation

Pension Transitional Arrangements Directorate

Arik Air Nigeria Limited

First Bank of Nigeria Ltd.

UAC of Nigeria PLC

MTN Nigeria Communications Plc

Natcom Development and Investment Ltd.

Mobil Producing Nigeria Unlimited and Esso Exploration and Production Nigeria Limited

Duport Midstream Company Limited

Daraju Industries Limited

Bouygues Construction Nigeria Limited

Union Bank of Nigeria PLC

Titan Trust Bank

South Energyx Nigeria Limited

Work highlights

  • Represented Zhongshan Fucheng Industrial Co. Ltd. in an arbitration in respect of a failed $1.5billion investment in a special economic zone in Nigeria.
  • Representing British American Tobacco in the most extensive series of product liability cases ever filed in Nigeria of a claim of over N5trn.
  • Advising the power-generation developer client on two London-seated ICC arbitrations of over $1.1 billion in claims.

Nigeria > Real estate and construction Tier 1

G. Elias & Co works primarily in financing mandates for infrastructure and construction, advising on the acquisition and divestment of real estate assets and construction projects. The firm also has a strong advisory and transactional offering for construction, working across a range of sectors in Nigeria such as healthcare, transport, and luxury residential properties. Fred Onuobia leads the team, employing his broader experience in corporate and commercial matters to both public and private clients in real estate. Fidelis Adewole is also of note, with experience in due diligence and project structuring.

Practice head(s):

Gbolahan Elias

Other key lawyers:

Key clients

Lagos State Government

Ranjy Construction and Foundation Limited

African Capital Alliance

El Alan Group

Deux Projects Limited

Infrastructure Credit Guarantee Company Limited

Leadway Capital and Trusts Limited

Radix Trustees Limited

Mr. Biodun Disu

Harmony Glass Business Associates

Work highlights

  • Advising the Lagos State Government on the development of the 37km railway line between Alagbado and Marina, part of the light rail “Red Line”.
  • Advising a Consortium on the concession for the development of an ultra-modern Medical Centre with state-of-the-art equipment and supporting infrastructure in Lagos State.
  • Advised El Alan and Kaizen Properties Limited on the tax structuring, construction and monetization of a luxury residential tower and 600-unit, mixed-use development.

Nigeria > Shipping and transport Tier 1

G. Elias & Co specialises in financing work, focusing on major infrastructure projects, vessel sale and purchase, and aviation insolvency work, while also being capable in dispute resolution and M&A in the transport space. Gbolahan Elias has advised on a number of high-profile infrastructure deals and transport service agreements, working alongside Fidelis Adewole, whose experience is primarily in transactional work. Okechukwu Okoro is also noted for providing expertise in freight and infrastructure matters.

Practice head(s):

Professor Gbolahan Elias

Other key lawyers:

Key clients

Lagos State Government

Deltatek Offshore Limited

China Harbour Engineering Company Limited

Southwest Bitumen Limited

Ranjy Construction and Foundation Limited

Infrastructure Credit Guarantee Company Limited

Asset Management Corporation of Nigeria

IMA Zambia Limited

Primero Transport Services

Kuramo Capital Management LLC

Aureos Africa Fund/ C & I Leasing

Kuramo Capital Management LLC

Posh Semco PTE Ltd.

Work highlights

  • Advising the Lagos State Government on the Lagos Metro Rail Project is a 37km “Red Line” Lagos Metro Rail Transit construction project.
  • Advised Deltatek Offshore Limited on a major freight forwarding contract with the UPS and DHL for the freighting delivery of certain delicate oil drilling equipment cargo.
  • Advising Southwest Bitumen Limited on its construction of a bitumen processing facility which will be located in Ondo State, Nigeria.

Nigeria > Energy and natural resources Tier 2

G. Elias & Co advises a number of IOCs and state bodies in respect of the full range of energy matters, including the divestment of upstream oil assets and novel work within the renewables space. Other strong areas for the firm are regulatory matters and advisory work for upstream oil production. Gbolahan Elias has experience in both transactional and regulatory matters in the energy industry, while Fred Onuobia focuses on financing-related matters; the duo works alongside Segun Omoregie and Okechukwu Okoro who are likewise integral to the practice.

Practice head(s):

Gbolahan Elias; Fred Onuobia; Segun Omoregie; Okechukwu Okoro


Other key lawyers:

Fidelis Adewale; Opeyemi Dawodu


‘The team is well-sized for service delivery, and the tasks continue to be completed in a timely manner.’

‘The practice is well-versed in the law and ensure good results for their clients. The main principal is extremely knowledgeable and thorough, and the partners are very professional.

Mr Gbolahan Elias, Mr Fidelis Adewale, and Ms Opeyemi Dawodu are extremely knowledgeable and efficient.

Key clients

Duport Energy Limited; Duport Marine Limited

Geoplex Drillteq Limited

New Frontier Developments Limited

Mobil Producing Unlimited (Nigerian operating company of ExxonMobil)

Infrastructure Credit Guarantee Company Limited

Heirs Holdings Limited/Heirsholdings Oil and Gas Limited

Transcorp Energy Ltd

BUA International Limited (with Siemens Energy Limited)

Nigeria Sovereign Investment Authority

All On Partnerships for Energy Access Limited

Ossiomo Group and China Clean Energy Technology Company

Vizier & Associates Investment Company Limited

New Island Capital Liquid Assets II LP

Summit Oil International Limited

Prima Corporation Limited

Zola Electric Nigeria Ltd

Nestoil Limited

Neconde Energy Ltd

Work highlights

  • Advised Duport Midstream Company Limited on its acquisition of a petroleum prospecting licence in respect of the Ekpat oil field.
  • Advised BUA International Limited and Siemens Energy Limited on the development of a 900MW combined cycle power plant in Kaduna State.
  • Advised the Nigerian Sovereign Investment Agency on its template 10MW solar power project that is set to be replicated across different states in Nigeria.

We are a corps of impassioned specialists solving with superlative rigour and flair demanding clients’ most significant legal challenges.

We were founded in 1994 and have become a premier Nigerian business law firm. We have always prioritized excellence and had an international outlook. We are headquartered in Lagos and have offices in Abuja.

We have a reputation for, and an outstanding record of, carrying out critical, innovative, sensitive, consequential and complex work. We serve clients of every age, size and geography. We have expertise across many practices and sectors.

Our mergers and acquisitions, strategic investments, the formation of vehicles, corporate governance, re-organizations, lendings, derivatives, capital markets and insolvency practices are celebrated.

We also have premier tax, competition, employment, trade, intellectual property, data protection litigation, arbitration, investigations and criminal defence law practices.

We serve bank, brokerage, “Fintech”, pension, insurance, private equity, asset management, oil-and-gas, electric power, real estate, infrastructure and transport sector actors, as well as government and private clients.

We also serve manufacturing, trading, food, pharmaceuticals, care products, agribusiness commodities, materials, equipment, media, entertainment, telecommunications, technology and services sectors clients.

We have and maintain complementary contacts in Nigerian business and government circles, and with law firms and lawyers’ associations worldwide.

We are members of Multilaw, a leading global alliance of independent law firms with offices in 100 countries, over 11,000 lawyers and an aggregate of more than USD6bn in revenues.

Fred Onuobiafred.onuobia@gelias.com
Gbolahan Eliasgbolahan.elias@gelias.com
Corporate Segun Omoregiesegun.omoregie@gelias.com
Fidelis Adewolefidelis.adewole@gelias.com
Dispute Resolution Abubakar Anafiabubakar.anafi@gelias.com
Tax Stephen Chima Arubikesteve.arubike@gelias.com
Enery and Natural Resources Okechukwu Okorookechukwu.okoro@gelias.com
Intellectual Property Similoluwa Oyeludesimi.oyelude@gelias.com
Capital Markets Michelle Chikeziemichell.chikezie@gelias.com
Construction Kuburat Abubakarkuburat.abubakar@gelias.com
Corporate Amanda Oparaamanda.opara@gelias.com
Capital Markets Amarachi Ojiamarachi.oji@gelias.com
Capital Markets Amarachi Ikevudeamarachi.ikevude@gelias.com
Litigation Chimezie Onuzulikechimezie.onuzulike@gelias.com
Construction Japhet Enehjaphet.eneh@gelias.com
Real Estate Oluwafunmilayo Mayowafunmi.mayowa@gelias.com
Capital Markets Ayodele Kadiriayodele.kadiri@gelias.com
Energy and Natural Resources Emeka Ezekwesiriemeka.ezekwesiri@gelias.com
Dispute Resolution Ayodeji Adeyanjuayodeji.adeyanju@gelias.com
Corporate Lisa Onianwalisa.onianwa@gelias.com
Energy and Natural Resources Opemipo Omoyeniopemipo.omoyeni@gelias.com
Capital Markets Lolia Biobele-Georgewilllolia.georgewill@gelias.com
Number of lawyers : 60