Banking & Finance
Global Guide 2024 : Nigeria
Band 1
Email address
[email protected]Contact number
+234 1 270 2551About
Provided by Olaniwun Ajayi LP
OALP has over 40 years of experience in delivering cutting edge Banking & Finance advice, providing a full range of banking & finance services covering everything from financing and regulatory matters to restructuring and insolvency advice. Also covering corporate borrowing, asset finance, loan syndication, project & infrastructure finance, derivatives & structured finance, leveraged acquisition finance, real estate finance, commodities & export finance.
The firm is a trusted advisor to major banks and financial institutions in Nigeria, advising on all types of financing transactions and regulatory matters. For instance:
- Advised the Bank of Industry (BoI), on its US$1 Billion financing by a syndicate of twenty-eight lenders (including Afreximbank, Credit Suisse, African Finance Corporation, Rand Merchant Bank and Sumitomo Mitsui Banking Corporation Europe Limited as Mandated Lead Arrangers).
- Advised NLNG on the structuring, negotiating, and steering of the recently closed US$3 billion hybrid financing for the development of Nigeria LNG’s seventh liquefaction train.
- Advise to Seplat on US$ 350,000,000 senior secured revolving credit facility originally dated 30 December 2014. Also engaged by Seplat in respect of the transfer of a number of Oil Mining Leases (OMLs) being OMLs 4, 38 and 41 from Seplat to Seplat West Limited (this was pursuant to the Amended Facility Agreement).
Chambers Review
Olaniwun Ajayi is a top-tier Nigerian law firm with notable expertise in a range of banking matters, including structured finance, acquisition finance and banking regulatory issues. It maintains an impressive track record of advising international clients, including both lending and borrowing entities. The firm notably represents energy sector clients.
Work Highlights
- Olaniwun Ajayi represented Anoh Gas Processing Company, as the borrower, in a USD650 million syndicated facility relating to the development of a gas project.
Strengths
Provided by Chambers
"The law firm is extremely competent, efficient and effective."
"Olaniwun Ajayi's commercial awareness is flawless."
"When it comes to issues relating to banking, the firm is on top of it. They know a lot about Nigerian regulations and have a good level of local and legal expertise."
"Olaniwun Ajayi has displayed an ability to handle complex transactions through the provision of bespoke, fit-for-purpose solutions.
"Its team is highly resourceful and adaptable, demonstrating an appreciation for the nature of the transaction and the needs of the client."
"The law firm is extremely competent, efficient and effective."
"Olaniwun Ajayi's commercial awareness is flawless."
"When it comes to issues relating to banking, the firm is on top of it. They know a lot about Nigerian regulations and have a good level of local and legal expertise."
"Olaniwun Ajayi has displayed an ability to handle complex transactions through the provision of bespoke, fit-for-purpose solutions.
"Its team is highly resourceful and adaptable, demonstrating an appreciation for the nature of the transaction and the needs of the client."
Notable Practitioners
Wolemi Esan is a respected Nigerian banking lawyer who is engaged in energy-related financing and loan restructuring. He represents both international and domestic borrowers and lending institutions.
"Wolemi Esan is calm and confident, with a 'nothing is impossible' attitude and winning mentality."
"Wolemi is very client-focused and can always advise on what would be best for us. He has a lot of very useful experience."
"He is really hands-on."
Konyinsola Ajayi SAN is a seasoned and well-known lawyer in Nigeria's banking and finance world. He has a varied practice, including advising borrowers on financing mandates, and demonstrates energy sector experience.
"Konyinsola Ajayi provides a fantastic service."
Tominiyi Owolabi is an established lawyer in Nigeria who is notably active on financing mandates in the oil and gas industry. His clientele includes large energy corporations.
"Tominiyi Owolabi is a lawyer that anyone would want to have in their corner for the most complex transactions."
Ranked Lawyers at
Olaniwun Ajayi LP
Nigeria
Members
Provided by Olaniwun Ajayi LP