OIL & GAS

• Advised a syndicate of lenders in connection with the provision of a senior secured medium-term facility (Aiteo US$2,000,000.00 Financing) to Aiteo Eastern E&P Company Limited for the acquisition of OML 29, was responsible for leading the co-ordination of the condition precedent confirmation process.
• Part of the team advising the sponsors of the two liquefaction trains and related port and marine facilities- Brass LNG Project, on several aspects of the transaction including the drafting and negotiation of the Gas Supply Agreements etc.
• US$600 Million financing of the First Tranche of the Satellite Field Transaction – Advised the Sponsors of the Satellite Field Project (NNPC/ExxonMobil) on the US$600 Million financing of the First Tranche of the Satellite Field Transaction.
• US$1.2 Billion financing of the NGL II Project – Advised the Sponsors of the NGL II Project (NNPC/ExxonMobil) on the US$1.2 billion financing of the NGL II Project.
• NGL II and Satellite Field Oil Financing Extension – Acted as sponsors Counsel with respect to the amendment of the NGL II and Satellite Field Oil Financing Extension (SOFF) finance documents. This transaction was the first forward sale structured transactions in the Nigerian market.
• Advised the Borrower and Sponsor in connection with the construction of a methanol and fertilizer plant in Rivers State. The project also incorporated a power station, fertilizer plant and gas supply pipelines.
• Advised the Sponsors (NNPC & ExxonMobil) of the US$220,000,000.00 Natural Gas Liquids II Supplemental Project.
• Advised the Borrower in connection with (i) a US$300 Million Corporate Secured Revolving Credit Facility; and (ii) a US$700 Million Secured Term Facility and up to US$700 Million Accordion Facility to be provided to Seplat Petroleum Development Company Plc.
• Advised DNB Nor Bank ASA and Credit Agricole Corporate & Investment Bank (being the lead arrangers) in connection with a US$1.8 Billion financing of four deep-water drilling vessels.
• Advised a syndicate of Nigerian and international financial institutions in connection with the restructuring of credit facilities provided to a multinational group of companies with a subsidiary operating in the Nigerian oil and gas sector and the potential insolvency of the subsidiary operating in Nigeria.
• Advised a Consortium of International Commercial Banks and Export Credit Agencies (ECA’s) in the US$1,060,000,000.00 (One Billion and Sixty Million United States Dollars) financing of the 4th and 5th trains of the Nigeria Liquefied Natural Gas (NLNG) Plant Expansion Project (NLNGPlus).
• Led the team that advised Standard Bank Plc. and JP Morgan Limited in connection with the provision of aggregate bridge facilities of up to US$765 Million to Heritage Oil Plc. and Shoreline Natural Resources Limited for the acquisition of a 45 per cent participating interest held by Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and Nigeria Agip Oil Company Limited in Oil Mining Lease 30.
• Advised the lender in the provision of a US$160 Million facility to Niger Delta Petroleum Resources (NDPR) for the acquisition of a 45% interest OML 34 being divested by oil majors Shell Petroleum Development Company Limited, Total Exploration and Production Limited and Nigeria Agip Oil Company Limited.
• Advising a syndicate of Nigerian and international financial institutions in connection with the restructuring of credit facilities provided to a multinational group of companies with a subsidiary operating in the Nigerian oil and gas sector and the potential insolvency of the subsidiary operating in Nigeria.
• US$22,000,000.00 Term Loan Facility – Advised BNP Paribas, S.A. on the US$22,000,000.00 Term Loan Facility to Dangote Oil & Gas Company Limited and Dangote Industries Limited.
• Schlumberger OFS Free Zone Legal Advisory: Heads the team that advises Schlumberger OFS on the applicable regulatory framework within Free Trade Zones in Nigeria in the context of the company’s operations in Lagos (Snake Island and Ladol Free Trade Zones) and in Port-Harcourt (Onne Free Zone).
• Advised Standard Bank Plc, London on the US$10,000,000.00 Term Loan Facility to Amni International Petroleum
• Advised the sponsors (NNPC & ExxonMobil) of US$20,000,000,000.00 Natural Gas Liquids II Supplemental Project. Specific assignments included: participating in the drafting and review of the transaction documents; participating in negotiations and reviews of the execution drafts prior to signing etc.
• Led the team that advised Standard Bank Plc. and JP Morgan Limited in connection with the provision of aggregate bridge facilities of up to US$765 Million to Heritage Oil Plc. and Shoreline Natural Resources Limited for the acquisition of a 45 per cent participating interest held by Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and Nigeria Agip Oil Company Limited in Oil Mining Lease 30.

INFRASTRUCTURE AND PROJECT FINANCE

• Lafarge Group US15,000,000.00 Advise in Connection with the Financing of a Power Plant Ewekoro Power Limited – Advised on the multi-million dollar financing of a 12.8 MW power plant to be constructed by Ewekoro Power Ltd (a Subsidiary of Rolls Royce Power Ventures Ltd)
• TPAL Refinancing – Acted as a counsel to the Emerging Africa Infrastructure Fund Limited in connection with the US$15,000,000.00 refinancing facility to a Nigeria power company.
• Led the team that advised the IFC in its role as transaction adviser in relation to the development and construction of a specialist referral hospital in one of the South-South States in Nigeria under a PPP arrangement.
• Advising the lenders in relation to the financing of the construction of the 195-kilometre Abuja/Lokoja road project under the Federal Government of Nigeria’s Highway Development Management Initiative.
• Advised Oriental Food Industry Limited as borrower in connection with the provision of up to US$35,000,000.00 finance facility under the Sharia principles from the Islamic Corporation for the Development of the Private Sector in connection with the funding the development of its processing plant for canned foods and milk products along the Lagos/Ibadan expressway.
• Advised an international Chinese construction company with respect to the concession of the development, construction, and financing of the Fourth Mainland Bridge, a proposed 38-kilometre bridge project by the Lagos State Government in Nigeria.
• Advised Citibank N.A and 9 other Nigerian commercial banks in connection with the US$158,536,585.37 facility provided to African Natural Resources and Mines Limited for the financing of an iron-ore mine and construction of a direct reduced iron plant located in Gujeni, Kaduna State, Nigeria.
• Core member of the team that advised a syndicate of lenders in connection with the Accugas I and Accugas II transactions. In connection with the Accugas I transaction, The Firm advised Stanbic IBTC Bank Plc. and another Nigerian financial institution in connection with a US$60,000,000 (Sixty Million United States Dollars) facility provided to Accugas Limited (Accugas I transaction), a special purpose vehicle of Seven Energy International Limited, for the development and construction of a gas pipeline and gas central processing facility in Ikot Abassi, Akwa Ibom State, Nigeria.
• Leader of the team that advised the Borrower and Sponsor in connection with the provision of up to US$800 Million facility granted to Indorama Eleme Fertilizer and Chemicals Limited by a syndicate of commercial banks and DFI’s including the Africa Development Bank for the construction of a methanol and fertilizer plant in Rivers State.
• The Firm advised BNP Paribas in connection with the US$300,000,000.00 financing and refinancing of the development of an oil field under a Production Sharing Contract.
• Lead counsel to a marginal field operator in connection with the development of the marginal field, specific assignments include drafting and reviewing the Heads of Terms Agreement, Joint Operating Agreement, Technical Service Agreement, the Farm in Agreement, the Deed of Assignment, consent letters and other supporting agreements.
• Lead counsel to advise the sponsors on the Lagos State Infrastructure Project for the development and rehabilitation of the Lekki-Epe Expressway.

BANKING & FINANCE:

• Led the team that advised Indorama Eleme Fertilizer & Chemicals Limited and other related entities in connection with the up to US$1.25 billion facilities provided by certain international financial institutions to the borrowers for the construction of a 1.4 MTPA urea fertilizer facility and a jetty/port terminal in Port Harcourt, Rivers State.
• Advising an international financial institution in connection with a local currency-linked finance to a leading telecommunications company in Nigeria.
• Financing to OIS Indorama Port Limited – Led the team that advised the lenders in connection with the financing provided to OIPL Indorama Limited.
• Advised Indorama Universal Pte Limited on its acquisition of 100% shares in Premier Industrial Estate Limited through Petchem Investment Holdings Pte Limited.
• Acting as counsel to a syndicate of lenders in connection with the restructuring of the US$1.4 billion and US$504 million senior secured medium-term facilities granted to an indigenous oil and gas company.
• Acted as Nigerian counsel to DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH in relation to a US$25 million dollar facility provided to a Nigerian bank for onlending to eligible sub-borrowers in Africa.
• Advised Emirate NBD in connection with providing an enforceability opinion on the netting provisions of the GMRA in relation to transactions entered into between ENBD and Nigerian counterparties.
• Acted as legal adviser to Citigroup Global Markets Holding Inc in providing a legal opinion on certain issues in connection with the trade of credit linked notes between Citigroup Global Markets Holding Inc and Africa Finance Corporation (AFC).
• The Oando Plc debt restructuring (Helios – Vitol consortium) – Member of the team that advised on the overall transaction structure, conducted an extensive legal due diligence investigation on the debt portfolio of Oando Plc and its downstream subsidiaries, restructuring the existing security package of Oando Plc.The transaction represents one of the largest corporate restructuring in the oil and gas industry in Nigeria.
• Stanbic IBTC Bank Plc – Advised in connection with the US$12mm credit facility made available to a consortium of property developers to finance the construction of a shopping mall in Abuja, Nigeria.
• Seven Energy Finance Limited: Advised the lenders in connection with the US$25,000,000 Term Loan Facility granted by Vitol to Seven Energy Finance Limited (“SEFL”) and Seven Energy Limited (“SEL”). As Nigerian Legal Counsel to the lenders, our roles included: review of English law governed facility agreement from a Nigerian law perspective, advise to Vitol on the Nigerian law issues arising from the facility agreement. In addition, the Firm drafted the security documents to ensure that the Vitol’s interest is secured under an existing security arrangement.
• Honeywell Flour Mills Plc (“HFMP”), the flagship company of Honeywell Group Limited in connection with the proposed divestment from HFMP – Led the team that conducted a detailed sell-side due diligence on Honeywell Flour Mills Plc (“HFMP”), the flagship company of HGL in connection with the proposed divestment from HFMP.
• United Cement Company of Nigeria Limited (UNICEM), a Nigerian company established by Holcim Trading S.A., Orascom Construction Industries and Flour Mills of Nigeria Plc – Advice provided in connection with its US$275,000,000.00 re-financing.
• Abbey Building US$10,000,000.00Advised Nederlandse Financierings-MaatschappijVoor Ontwikkelingslanden N.V. (“FMO”) in connection with the US$10,000,000.00 convertible loan made available to Abbey Building Society for the provision of houses for members of the cooperative and funding of mortgages for offtakers.
• Reserves Development Programme: Led the team that advised two major oil companies acting as Sponsors in connection with a US$ 1,500,000,000 (One Billion Five Hundred Million United States Dollars) reserves development project by a group of international and local financial institutions.
• US$170,000,000.00 Medium Term Financing of the Rehabilitation and Revamping of a fertilizer plant in Nigeria – Advised a consortium of lenders in connection with the US$170,000,000.00 medium term financing of the rehabilitation and revamping of a fertilizer plant in Nigeria.
• Pacific Drilling: Advised DNB or Bank ASA and Credit Agricole Corporate & Investment Bank (being the lead arrangers) in connection with a US$1.8bn financing of four deep-water drilling vessels.
• Proposed acquisition of a Cash in Transit and Cash Management Company: Lead the team that conducted a legal due diligence in connection with a prospective acquisition of a majority equity stake in a financial services company by a private equity firm and provided a legal due diligence report.
• Segilola US$78,000,000 financing: Led the team acting as Nigerian counsel to Africa Finance Corporation with respect to the US$78,000,000.00 term loan and streaming facilities to be granted to Segilola Resources Operating Limited (borrower) to fund the construction and development of the Segilola gold project in Osun state, Nigeria.
• Advised Overseas Private Investment Corporation (OPIC) and Citibank Nigeria Limited in connection with the provision of up to US$64,400,000 financing to African Tiles and Ceramics Nigeria Limited (the “Borrower”) for its expansion into the manufacturing of tiles and ceramic through the construction of a ceramic tiles plant in Nigeria.
• CNG Gas Financing: Led the team that advised China Development Bank with respect to the US$ 30 million facility provided to CNG Glass (Nigeria) Fze. By China Development Bank Corporation to finance the production of certain types of glass
• Abbey Building US$10,000,000.00Advised Nederlandse Financierings-MaatschappijVoor Ontwikkelingslanden N.V. (“FMO”) in connection with the US$10,000,000.00 convertible loan made available to Abbey Building Society for the provision of houses for members of the cooperative and funding of mortgages for offtakers.
• Equity Investment by IFC and ARM – Led the team that acted as Nigerian counsel to the International Finance Corporation (IFC) and ARM Private Equity Fund LP (ARM) in connection with the US$3,500,000.00 equity investment by IFC, and US$6,000,000.00 equity investment by ARM in a mid-sized foods and beverages company.
• Led the team that acted as Nigerian counsel to the senior lenders in connection with the restructuring of a US$ 100,000,000 reserve-based lending facility provided to an oil and gas company and guaranteed by two indigenous entities in the Oil and Gas Sector in Nigeria.
• Acted as Nigerian counsel to Citibank N.A, London Branch and ten (10) Nigerian Financial Institution (“Lenders”) in relation to the US$158,536,585.37 financing of an iron-ore mine and construction of a direct reduced iron plant located in Gujeni, Kaduna State, Nigeria.

PRIVATE EQUITY

• Project Mosaic- Led the team that provided due diligence services with respect to the proposed investment in a Cash in Transit and Cash Management Services Company and its subsidiaries.
• Project Yellow- Acted as team lead on the acquisition of a majority equity shareholding in a company engaged in the fast-moving consumer goods industry in Nigeria by Duet Asset Management.
• Advised Access Bank Plc on the acquisition of a 75% equity stake in, and subsequent merger with, Intercontinental Bank Plc.
• Advised Mutual and Federal Insurance Company Limited on the acquisition of a majority equity stake in Oceanic Insurance Limited, the insurance subsidiary of Eco Bank Limited.
• Proposed acquisition of a Cash in Transit and Cash Management Company – Led the team that conducted a legal due diligence in connection with a prospective acquisition of a majority equity stake in a financial services company by a private equity firm and provided a legal due diligence report.

TELECOMMUNICATIONS, MEDIA & TECHNOLOGY

• Advised MTN Nigeria Communications Plc in connection with its NGN360 billion working capital facility provided to it by top financial institutions in Nigeria, including the Bank of Industry, Nigeria’s premier development finance institution.
• Providing legal advisory to MTN Nigeria Communications Plc in connection with the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations 2025 as it relates to digital lending in Nigeria.
• US$ 1.873 Billion MTNN Financing – Advised MTN Nigeria Communications Limited in connection with raising of up to US$ 1.873 Billion from a syndicated of Local and International Lenders and Export Credit Agencies of the refinancing of existing debt and other corporate purposes
• MTN Nigeria Communications Limited – acted as a lead counsel to MTN in its 200-billion-naira facility from a syndicate of Nigerian banks
• MTN Nigeria Communications Limited – Co-Advise MTN in connection with the Commercial Paper Issuance Programme of about NGN100,000,000,000.00 for the purpose of raising running capital.
• MTN Nigeria Communications Limited’s Acquisition of Visafone – Advised MTN Nigeria Communications Limited (the “Purchaser”) in connection with the acquisition of 100% of the entire shareholding of Visafone Communications Limited (the “Company”) by the Purchaser (the “Transaction”) in connection with the transaction
• Smile Telecommunications US$315,000,000 Financing – Advised African Export-Import Bank in connection with the financing of a telecommunication company’s network roll-out and expansion programme in a number of African countries including Nigeria
• Acted as lead counsel to MTN Nigeria Communications PLC with respect to the financing provided by the European Investment Bank for the development of a project to be undertaken by the borrower (MTN Nigeria Communications Plc).