Firm / Organisation

SPA Ajibade & Co

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Founder: Chief S. P. A. Ajibade
Managing Partner: Dr Babatunde Ajibade, SAN, FCIArb
Partners: John Onyido, Bukola Iji, Kolawole Mayomi, Bolaji Gabari
Number of partners: 5 Number of lawyers: 23
Languages: English, Hausa, Igbo, Yoruba

Firm Overview:
S. . P. A. Ajibade & Co. is a leading corporate and commercial law firm based in Nigeria. Established in 1967, it has been at the forefront of developments in commercial practice in Nigeria and has continuously rendered sound technical advice and tailored customer solutions to its local and international partners. To its clients, S. P. A. Ajibade & Co. is a reliable partner and trusted counsel in various transactions and dispute resolution processes. The firm sees its duty to its client as that of not just providing excellent technical advice, but also providing solutions that address and enhance a client’s purpose and business objectives.

Practice Areas:
■ Dispute Resolution
■ Corporate Finance & Capital Markets
■ Mergers & Acquisitions
■ Banking, Finance & Insurance
■ International Trade
■ Corporate Restructuring & Insolvency
■ Corporate & Commercial
■ Private Equity
■ Business Establishment & Advisory
■ Company Secretarial
■ Legal & Regulatory Compliance
■ Intellectual Property & Technology
■ Entertainment & Media
■ Real Estate & Property Management
■ Succession, Trusts & Wealth Management
■ Energy, Natural Resources & Infrastructure
■ Taxation

Main Areas of Practice:

Dispute Resolution:
The dispute resolution practice handles commercial claims arising from the different departments of the firm by way of litigation, domestic and international arbitration as well as other alternative dispute resolution processes. Some recent assignments are highlighted below: 
■ Currently representing the Respondent in appellate proceedings involving the interpretation of the Arbitration and Conciliation Act/ the New York Convention on whether a Nigerian court was right to refuse jurisdiction to set aside an LCIA arbitration award with seat in London 
■ Currently representing an appellant in appellate proceedings challenging a judgment of $5 million damages for libel; being the largest ever award for a libel claim in Nigeria 
■ Currently advising a client on an investment treaty claim on grounds of indirect expropriation of assets to be filed against a West African State pursuant to the ICSID Convention 
■ Currently representing a customer in proceedings to enforce a Settlement Agreement against a bank, in circumstances where the bank unconscionably sought to nullify the settlement and revert to the historic debt sum when the customer had almost finished paying the settlement sum
■ Currently representing the defendant in appellate proceedings to register a judgement of the Supreme Court of Gibraltar in Nigeria. An earlier attempt before the High Court was successfully resisted on jurisdictional grounds
Contacts: Dr. Babatunde Ajibade, SAN, FCIArb, Kolawole Mayomi, FCIArb
Emails: [email protected], [email protected]

Corporate Finance & Capital Markets:
S. P. A. Ajibade & Co is recognised as one Nigeria’s top advisers on corporate financings and related transaction. Some of the firm’s recent assignments are highlighted below: 
■ Advised the Government of Ondo State as Joint Solicitors to the Issue in Series I of its N50 Billion Debt Issuance Programme, closed January 2020 
■ Advised the Federal Government of Nigeria and the Federal Ministry of Environment as Joint Solicitors to the Issue, on the N15 Billion 7 Year Sovereign Green Bond Series II, closed June 2019 
■ Currently advising the globally dominant social media platform on compliance with Nigerian laws on telecommunications, data protection and anti-competition regulations, 
■ Advised JCDecaux with respect to the structuring of its joint venture business in Nigeria, obtaining regulatory approval and compliance with local law on advertising business and Nigerian content 
■ Advised Fan Milk Plc in a N500m debt to equity conversion transaction and obtained regulatory approval from the Securities and Exchange Commission 
■ Advised the management of Evans Therapeutics Limited on a structured management buy-out of 82.43% of the authorised share capital of the company, owned by its listed parent company
Contacts: Bukola Iji, Yimika Ketiku
Emails: [email protected], [email protected]

Energy & Natural Resources:
■ Currently advising MOS Energy Company Limited in respect of its 10% equity stake and offtake rights in PNG Gas Limited, the proprietor of the Egbaoma Gas Plant in Delta State 
■ The firm recently advised an oil and gas company carrying out a pre-operational project within a free trade zone, on the applicability of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act
Contacts: John Onyido, Peter Olaoye Olalere
Emails: [email protected], [email protected]

Intellectual Property & Technology:
The intellectual property unit is involved in the maintenance, protection and enforcement of industrial and intellectual property rights, either in isolation or as an offshoot of related transactional matters. Some of its recent assignments are highlighted below: 
■ The firm is currently representing a major player in the emerging tech sector, in a multi-billion-naira lawsuit against a local telecoms giant for intellectual property theft and misappropriation of trade secrets
■ Currently coordinating the registration and renewal of several trademarks in Nigeria, the United States, Canada, the European Union, OAPI and ARIPO member countries, for multinational clients with business interests in Nigeria 
■ Successfully registered software and technological inventions for clients in the financial services sector and tech services industry, with the Nigerian Patents and Designs Office 
■ Involved in the recordation of the assignment of the trademarks and design portfolio of a leading diary company in Nigeria, to its parent Company based in Denmark 
■ Currently representing clients in various trademark opposition hearings at the Nigerian Trademarks Registry
Contact: John Onyido
Email: [email protected]

Real Estate & Succession:
The real estate and succession practice provides legal support in the sale, acquisition and perfection of title to landed property and other real estate financing arrangements such as real estate investment trusts. The succession practice provides legal support in estate planning and management of private estates for private clients and employs a creative approach to process probate applications in a hitch-free manner. Some of its recent assignments are highlighted below: 
■ Currently acting for Asset & Resource Management Company Limited in respect of the purchase and registration of 11,250 Square meters of land in Lagos State
■ Presently acting as advisers to a proposed multi-million-dollar mixed user real estate development project in the high-brow Victoria Island area of Lagos 
■ Currently acting as transactional and management solicitors in the administration of several estates worth millions of dollars
Contact: Adetola Ayanru
Email: [email protected]

Professional Memberships: 
■ International Bar Association 
■ American Bar Association 
■ Nigerian Bar Association
 ■ New York State Bar Association 
■ International Trademark Association 
■ Institute of Advanced Legal Studies, UK 
■ Chartered Institute of Arbitrators, UK 
■ London Court of International Arbitration 
■ Lagos Court of Arbitration 
■ Capital Market Solicitors Association 
■ Chartered Institute of Taxation 
■ International Chamber of Commerce, Nigeria 
■ Society for Construction Law, Nigeria 
■ Law Society of Alberta, Canada 
■ Institute of Chartered Secretaries and Administrators, Nigeria

Articles, Highlights and Press Releases

Total 1 Articles, Highlights and Press Releases

SPA Ajibade & Co. Wins Landmark Decision on Gender Discrimination and Infringement of Human Rights

Babatunde Ajibade, Bolaji Gabari, Ayodele Adeniyi

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