Department profile
Udo Udoma & Belo-Osagie

Banking & Finance

Global Guide 2026 : Nigeria


Udo Udoma & Belo-Osagie

Rankings

About

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.

Clients (22)

  • Actis
  • UACN Property Development Company PLC
  • Ecobank Nigeria Limited
  • Africa Finance Corporation
  • GZ Industries Limited
  • Seven Energy International Limited
  • Citibank N. A. London
  • Barclays Bank
  • Swiss Re
  • FSDH Merchant Bank
  • Lafarge Africa
  • Credit Suisse
  • International Finance Corporation
  • Bettervest GMBH
  • DEG – Deutsche Investitions-und Entwicklungsgesellschaft mbH
  • Standard Bank of South Africa
  • FMO - Netherlands Development Finance Company
  • Proparco – Societe de Promotion et de Participation Pour La
  • Standard Chartered Bank
  • HSBC Bank - Hongkong and Shanghai Banking Corporation
  • Rand Merchant Bank
  • Bank of America Merrill Lynch

Industries (15)

  • Banks
  • Charities / Not for Profit
  • Chemicals
  • Construction & Materials
  • Consumer Product Manufacturing
  • Energy (Oil and Gas and Power)
  • Financial Services
  • Government
  • Health Care
  • Insurance
  • Infrastructure
  • Private Clients / Individuals
  • Real Estate Finance
  • Retail
  • Telecommunications

Chambers Review

Provided by Chambers

Banking & Finance - Nigeria

Band 1

Band 1


What the Team is Known For

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 on 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

Provided by Chambers

  • Udo Udoma & Belo-Osagie advised the IFC on a USD200 million facility to Zenith Bank for the support of small and medium-sized enterprises.

Strengths

Provided by Chambers

  • Udo Udoma & Belo-Osagie handles transactions admirably, presenting bespoke solutions to complex issues.

    Banking & Finance respondentGlobal
  • Udo Udoma & Belo-Osagie offers superior knowledge of the regulatory framework in Nigeria and its team is available to respond timeously to our requests.

    Banking & Finance respondentGlobal
  • The firm offers flexibility, a hands-on attitude and commitment.

    Banking & Finance respondentGlobal
  • Udo Udoma & Belo-Osagie is an invaluable legal partner, consistently demonstrating deep expertise and exceptional commitment.

    Banking & Finance respondentGlobal
  • The firm has excellent technical capability and commercial awareness, and demonstrates an outstanding ability to come up with practical solutions to local law issues.

    Banking & Finance respondentGlobal

Notable Practitioners

Provided by Chambers

  • Senior StatespeopleAniekan Ukpanah
    Senior StatespeopleAniekan Ukpanah

    Aniekan Ukpanah

    Senior 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 telecoms and real estate.

  • Senior StatespeopleDan Agbor
    Senior StatespeopleDan Agbor

    Dan Agbor

    Dan Agbor is a highly regarded lawyer with a wealth of banking and secured credit transactional experience. He has experience acting on behalf of several clients within the energy sector in Nigeria.

  • Band 1Yinka Edu
    Band 1Yinka Edu

    Yinka Edu

    Yinka Edu is a highly regarded lawyer who represents numerous lenders in transactions. She advises on banking-related compliance issues as well as loan facility agreements.

    • Yinka is exceptional and I would definitely work with her again.

      Banking & Finance respondentGlobal
    • Yinka Edu provides us with very valuable advice and support in response to regulatory changes in Nigeria.

      Banking & Finance respondentGlobal
  • Band 3Onyinye Okafor
    Band 3Onyinye Okafor

    Onyinye Okafor

    Onyinye Okafor has significant cross-border financial services experience and is notably active advising institutional lenders, banks and energy companies.

    • Onyinye Okafor is vastly knowledgeable, responsive and able to resolve difficult legal issues with ease. She is one to have in your corner.

      Banking & Finance respondentGlobal
    • Onyinye Okafor is an exceptionally brilliant banking and finance law expert.

      Banking & Finance respondentGlobal
  • Band 4Adeola Sunmola
    Band 4Adeola Sunmola

    Adeola Sunmola

    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.
  • Band 4Joseph Eimunjeze
    Band 4Joseph Eimunjeze

    Joseph Eimunjeze

    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 is a brilliant banking lawyer, with a really sound knowledge of the industry and an impressive commercial sense.

      Banking & Finance respondentGlobal
    • Joseph Eimunjeze brings deep expertise, sound judgement and a calm, solutions-oriented approach to transactions. He is a trusted and highly competent adviser.

      Banking & Finance respondentGlobal
    • Joseph Eimunjeze is approachable, incredibly knowledgeable and genuinely helpful. He brings a calm confidence to complex matters and he understands the legal and commercial sides of a transaction.

      Banking & Finance respondentGlobal
    • Joseph is very experienced, knowledgeable and responsive. His advice is practical and useful.

      Banking & Finance respondentGlobal
  • Band 4Nicholas Okafor
    Band 4Nicholas Okafor

    Nicholas Okafor

    Nicholas Okafor has experience advising on the introduction and restructuring of loan facilities. He advises energy companies and financial institutions.
    • Nicholas Okafor is able to communicate effectively with our team. He is also solution driven and provides the required leadership even in complex situations.

      Banking & Finance respondentGlobal
  • Associates to watchChisom Okolie
    Associates to watchChisom Okolie

    Chisom Okolie

    Chisom Okolie supports clients on the day-to-day management of complex and sophisticated corporate and project finance transactions across multiple sectors.

    • Chisom Okolie is nimble and thinks on her feet. She is impressive.

      Banking & Finance respondentGlobal
    • Chisom Okolie is a very detail-oriented and hard-working lawyer.

      Banking & Finance respondentGlobal
    • Chisom Okolie is polite, responsive and a pleasure to work with.

      Banking & Finance respondentGlobal
    • Chisom Okolie is always responsive and reliable, with a great ability to foresee issues before they become problems.

      Banking & Finance respondentGlobal

Ranked Individuals at Udo Udoma & Belo-Osagie (8)

Nigeria

Members

Provided by Udo Udoma & Belo-Osagie

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