Firm / Organisation

Aluko & Oyebode

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Chairman of the Management Board: Gbenga Oyebode, MFR
Managing Partner: Kofo Dosekun
Number of partners: 17
Number of lawyers: 80
Languages: English, French, Hausa, Ibo, Yoruba

Firm Overview:
Aluko & Oyebode is one of the largest integrated law firms in Nigeria providing a comprehensive range of specialist legal services to a highly diversified clientele. Established in January 1993, the firm has 17 partners and a full complement of highly qualified professional staff, with offices in three Nigerian cities: Lagos, Abuja and Port Harcourt. The firm was named ‘Nigerian Law Firm of the Year’ in 2010 by Who’s Who Legal; ‘Law Firm of the Year’ at the 2015 Law Digest Awards; ‘Law Firm of the Year’ at the 2016 ESQ Nigerian Legal Awards; ‘Exceptional Deal Advisor of the Year’ at the 2017 Private Equity Africa Awards and ‘Nigeria Law Firm of the Year’ at the Chambers Africa Awards 2018.

Main Areas of Practice:

Energy & Natural Resources:
The firm advises on all aspects of oil and gas law, power, solid minerals and water law, with particular emphasis on the development and financing of LNG and power projects. The firm has a unique understanding of the oil and gas industry, having advised on the establishment of a significant number of oil and gas and companies in Nigeria. The firm provides ongoing legal representation to a number of oil majors operating in both the upstream and downstream oil and gas sectors.

Corporate & Commercial:
The firm provides comprehensive business advisory services and advises on all aspects of corporate and commercial law, including the formation of companies, partnerships and joint ventures, foreign investment, regulatory compliance issues, contentious and non-contentious liquidations, receiverships, labour law and immigration.

Banking & Finance:
The firm has vast experience acting as either lenders’ or borrowers’ counsel in large local and offshore financings extended to Nigerian and multinational companies. The firm advises on all aspects of banking and finance, including corporate finance, project/infrastructure finance, asset-based finance, construction finance, structured trade transactions, off-balance sheet and lease transactions.

Capital Markets:
The firm advises on a broad spectrum of capital market transactions, including corporate restructurings, divestitures, schemes of arrangement and reconstruction, derivatives, stock exchange listings, collective investment schemes, IPOs, GDRs and public offerings of debt and equity.

Mergers & Acquisitions:
The firm advises a diversified clientele of leading Nigerian, international and multinational companies on M&A transactions across a broad range of sectors. The firm’s transaction record in this practice area includes a portfolio of innovative, high profile and award-winning M&A transactions.

Dispute Resolution:
The firm’s dispute resolution team represents clients in all aspects of commercial litigation, arbitration and other alternative dispute resolution mechanisms. The firm handles an extensive portfolio of matters before the Nigerian courts and has participated in several international arbitral proceedings.

The firm advises on all aspects of telecommunications/ICT, including regulatory compliance issues, the procurement of telecommunication licences, permits and the drafting of interconnection agreements.

Intellectual Property:
The firm advises on all aspects of intellectual property law, including the registration, protection, use and enforcement of trademarks, copyright, patents, designs and trade secrets; licensing, technology transfer, franchising and agency/distributorship agreements.

Corporate Governance & Compliance:
The firm provides a broad range of compliance services to local and multinational clients, including the assessment and design of corporate governance and compliance frameworks, undertaking forensic investigations and liaising with regulatory authorities.

Real Estate:
The firm advises on commercial lettings, compulsory purchases, property acquisition and investment, development finance, the leasing, sale and purchase of real estate, redevelopments, mortgages, conveyancing, and other commercial property transactions and documentation.

Transport – Shipping & Aviation:
The firm advises on all aspects of shipping and aviation, including the leasing, registration and financing of aircrafts and ships, ship arrests, ship building and ship repair contracts, hull and cargo claims, bills of lading and charter-parties, contracts of affreightment, marine insurance, P&I insurance, salvage and collision.

The firm advises on a wide range of privatisation transactions, including full and partial government divestment from public enterprises, the introduction of private sector participation in previous government monopolies, public-private partnerships and the concessioning of public infrastructure.

The firm advises on petroleum profits tax, corporate tax, capital gains tax, value added tax, withholding tax, income tax, corporate tax planning and undertakes tax registration on behalf of corporate entities.

Key Deals & Transactions:
Over the years, the firm has advised on several innovative, high profile and award winning transactions including:
■ Advised Unilever Plc on the Nigerian aspects of the US$8.04 billion sale of its margarine and spreads business to KKR
■ Advised MTN Nigeria on a NGN200 billion (approx. US$551 million) syndicated loan facility extended by a consortium of banks to finance the expansion of its telecommunications network
■ Advised Standard Advisory London Ltd on the restructuring of a US$600 million oil and gas acquisition facility
■ Advised Allianz SE on its US$35 million acquisition of a 99.03% equity stake in Ensure Insurance Plc, a major Nigerian insurance company
■ Advised Vitol S.A. and Helios on their US$460 million acquisition of the downstream businesses of Oando Plc, a leading Nigerian energy company
■ Advised FBN Capital Limited and a syndicate of local lenders on the US$445 million Accugas IV Financing
■ Advised 8 Miles LLP, African Capital Alliance Limited and DEG on their US$80 Million Equity Investment in Beloxxi Industries Limited (awarded ‘Mid-Cap Deal of the Year’ at the 2017 Private Equity Africa Awards)
■ Advised Exxon Mobil Oil Corporation on the US$300 million sale of its 60% equity stake in Mobil Oil Nigeria Plc to Nipco Plc
■ Advised Rand Merchant Bank Nigeria Limited on the establishment of its NGN80 billion (approx. US$220 million) Multicurrency Commercial Paper Programme
■ Advised IFC on the Calabar Hospital PPP Project (named ‘Healthcare Project of the Year’ 2014 by World Finance Magazine)
■ Advised NNPC and Exxon Mobil on the US$1.5 billion syndicated RDP financing (awarded the 2013 ‘African Oil & Gas Deal of the Year’ at the Project Finance Awards)
■ Access Bank Plc’s US$300 million acquisition of a 75% equity stake in Intercontinental Bank Plc, a listed Nigerian bank (awarded the 2012 ‘M&A Deal of Year’ for Africa by the Banker Magazine)
■ Advised on the US$143.33 million financing for the design and construction of the Golden Sugar Refinery in Lagos State (the transaction was awarded the ‘Deal of the Year’ at the 2011 African Banker Awards)
■ Advised a syndicate of lenders and DFI’s on a US$85 million facility extended to African Foundries Ltd for the construction of a steel mill plant in Nigeria (awarded the ‘Deal of the Year’ 2010 by the Trade Finance Magazine)
■ Advised the lenders on a US$303 million syndicated facility extended to Lafarge Cement Wapco Nigeria Plc for the construction of a 5,000 tonnes per day clinker plant (awarded the 2009 ‘Euromoney Project Finance: Africa Industrial Deal of the Year’)
■ Advised the Sponsors on the US$300 million Lekki Concession Infrastructure Project for the construction of toll roads – the first major PPP transaction in the Nigerian infrastructure sector (awarded the ‘Euromoney Project Finance: 2008 Africa PPP Deal of the Year’ the ‘Reuters PFI Awards: 2008 African Infrastructure Deal of the Year’ and the ‘Africa Investor: 2008 Transport Deal of the Year’)
Other notable transactions include: the US$1.5 billion financing of phase two of Exxon Mobil’s NGL II project; the US$1.06 billion financing of the 4th and 5th trains of the Nigerian Liquefied Natural Gas Plant Expansion project by foreign banks/ECAs; MTN’s acquisition of a GSM licence/development of a mobile telecommunications network in Nigeria; the Nigerian aspects of the US$925 million buy-out of ABB’s oil, gas and petrochemicals upstream business; the first dual listing of a foreign company on the Nigerian Stock Exchange; the first IPP project in Nigeria (involving the installation of nine barge-mounted electricity generating units with a total nominal capacity of 270 MW)