Banking & Finance
Global Guide 2024 : Nigeria
Band 2
Email address
[email protected]Contact number
+234 1462 2307 12About
Provided by Udo Udoma & Belo-Osagie
Our banking and finance practice is a key area of specialisation for which the firm has consistently earned some of its highest and largest number of commendations from independent ranking publications. The team advises a plethora of clients, and on projects, ranging from the aviation, oil and gas, energy (including power), telecommunications and real estate sectors of the Nigerian economy. We have consistently been retained by leading Nigerian and international banks, private equity funds and other financial institutions, including development finance institutions, governmental, non-governmental and not-for-profit organisations across the globe, to advise on a variety of finance transactions.
Lauded for its “intelligent approach”, the team is particularly known for its strength in acquisition finance, reserve based lending, project finance and syndicated lending and, also, advises routinely on corporate lending, secured and unsecured lending, asset-based lending, debt capital markets, real estate financings, project and structured finance, and global depository receipts, amongst others. Our expertise includes advising local and international clients on a wide range of cross border transactions, including those in the foregoing space, as well as on a breadth of other banking and finance issues namely: the establishment of a bank in Nigeria, setting up representative offices, regulatory capital, foreign exchange and compliance with regulations of the Central Bank of Nigeria.
Chambers Review
Udo Udoma & Belo-Osagie is a highly respected law firm with wide-ranging expertise in the financial sector in Nigeria. Its lawyers are consistently engaged in high-value matters on behalf of domestic and international financial institutions and banks, with extensive experience acting for both borrowers and lenders on finance transactions.
Work Highlights
- Udo Udoma & Belo-Osagie advised Deutsche Bank Singapore as the lender on a USD120 million facility provided to Airtel Networks.
Strengths
Provided by Chambers
"Udo Udoma & Belo-Osagie provides timely and helpful advice."
"The law firm has a large team that is able to process complex transactions and is aware of the deal specifics."
"It is a solution-driven team."
"They are very knowledgeable on the banking regime in Nigeria."
"Udo Udoma & Belo-Osagie provides timely and helpful advice."
"The law firm has a large team that is able to process complex transactions and is aware of the deal specifics."
"It is a solution-driven team."
"They are very knowledgeable on the banking regime in Nigeria."
Notable Practitioners
Firm-managing partner Aniekan Ukpanah is experienced in the financing of a wide range of projects and provides valued representation to lending syndicates. His experience in the banking and finance space is broad, encompassing sectors such as telecommunications and real estate.
Yinka Edu is a highly regarded lawyer who represents numerous lenders in transactions. She advises on banking-related compliance issues, and her strength in banking and finance is complemented by capital markets expertise.
"Yinka Edu is a respected banking lawyer."
"She has a strong market presence."
Senior partner Dan Agbor is a highly regarded lawyer with a wealth of banking and secured credit transactional experience. He is active on behalf of several clients within the energy sector in Nigeria.
Nicholas Okafor has experience advising on the introduction and restructuring of loan facilities. He advises energy companies and financial institutions.
"Nicholas Okafor has a profound knowledge of the legal system of Nigeria."
"He is very solution-driven and reachable."
Onyinye Okafor is a Lagos-based lawyer who has significant cross-border financial services experience, and is notably active advising institutional lenders, banks and energy companies.
"Onyinye Okafor comes to transactions with both local and international exposure. She amiably makes her points and presents alternative solutions."
"It is always a pleasure to work with Onyinye. She is understanding, knowledgeable, and able to deliver."
"She works hard, is available and solutions-driven."
Adeola Sunmola is an experienced practitioner in loan issuances and project financings. She notably works with international and domestic banks, financial institutions and energy companies.
"Adeola Sunmola is very smart and pays attention to detail. She is also very knowledgeable."
"Adeola is an excellent lawyer. She is the partner in charge of our transactions and steps in for all critical matters."
"She is very helpful."
Joseph Eimunjeze has a wealth of experience in the banking and finance space. He primarily advises international and domestic lenders on debt and project financings.
"Joseph Eimunjeze has a strong knowledge of banking and finance when advising his clients."
Ranked Lawyers at
Udo Udoma & Belo-Osagie
Nigeria
Members
Provided by Udo Udoma & Belo-Osagie
Adeola Sunmola
Head of Department
Chisom Okolie
Ekundayo Onajobi
Godson Iwuozo
Joseph Eimunjeze
Onyinye Okafor
Victor Samuel
Clients
Provided by Udo Udoma & Belo-Osagie
Actis
Africa Finance Corporation
Bank of America Merrill Lynch
Barclays Bank
Bettervest GMBH
Citibank N. A. London
Credit Suisse
DEG – Deutsche Investitions-und Entwicklungsgesellschaft mbH
Ecobank Nigeria Limited
FMO - Netherlands Development Finance Company
FSDH Merchant Bank
GZ Industries Limited
HSBC Bank - Hongkong and Shanghai Banking Corporation
International Finance Corporation
Lafarge Africa
Proparco – Societe de Promotion et de Participation Pour La
Rand Merchant Bank
Seven Energy International Limited
Standard Bank of South Africa
Standard Chartered Bank
Swiss Re
UACN Property Development Company PLC
Industries
Provided by Udo Udoma & Belo-Osagie
Banks
Charities / Not for Profit
Chemicals
Construction & Materials
Consumer Product Manufacturing
Energy (Oil and Gas and Power)
Financial Services
Government
Health Care
Infrastructure
Insurance
Private Clients / Individuals
Real Estate Finance
Retail
Telecommunications