Ranked in 2 Practice Areas
4

Band 4

Projects & Energy

Nigeria

4 Years Ranked

4

Band 4

Banking & Finance

Nigeria

3 Years Ranked

About

Provided by Adeola Sunmola

Global

Practice Areas

Adeola is a Partner in Udo Udoma & Belo-Osagie’s Banking and Finance, Power, Project, and Infrastructure practice groups and also heads the firm’s Compliance and Investigation team. With over two decades of experience, she has developed extensive expertise across a broad spectrum of legal matters, including crossborder lending, syndicated lending, non-interest finance, debt restructuring, and financing complex power, manufacturing, and infrastructure projects in Nigeria.

Adeola leads legal teams advising local and international banks, corporate organisations, regional and global energy companies, development finance institutions, and private equity funds. Her advisory work spans diverse projects involving oil and gas assets, port development, road infrastructure, power generation facilities, renewable energy, steel mills, cement plants, and real estate development.

Adeola has received consistent recognition for her outstanding contributions to the legal profession. She is ranked by Chambers & Partners as a Notable Practitioner in Banking and Finance and Projects and Energy, with clients describing her as “bringing exceptional leadership and expertise in Nigerian law, particularly in handling complex cross-border issues.” She has also been consistently ranked by IFLR1000 as a Women Leader, a distinction reserved for exceptional women lawyers globally, and as a Highly Regarded Lawyer for her work in Banking and Finance and Project Development.

She is further recognised by The Legal 500 as a Leading Partner in Energy and Natural Resources, while her expertise in Banking and Finance has also been acknowledged by Who’s Who Legal. In 2019, Adeola received the Nigerian Rising Star: 40 Under 40 award at the Nigerian Legal Awards, recognising her as one of the most promising legal professionals shaping the future of the Nigerian legal industry.

Beyond legal practice, Adeola serves on the boards of several notable organisations, including FGN Sukuk Roads PLC, an issuer of non-interest finance bonds (Sukuk) established by the Federal Government of Nigeria.

Career

2017 Partner, Udo Udoma & Belo-Osagie

2014 Managing Associate, Udo Udoma & Belo-Osagie

2012 Senior Associate, Udo Udoma & Belo-Osagie

2007 Associate, Udo Udoma & Belo-Osagie

2006 Counsel, Paul Usoro & Co

2005 Intern, Adeyinka Ajayi & Co

Work Highlights

Led the team that acted as Nigerian Counsel to Standard Bank Group in connection with a senior debt facility of up to US$350 million to CrossBoundary Energy for investments in renewable energy projects across Africa. This transaction was recognised as Deal of the Year: Loans at the 2025 IFLR Africa Awards.

Led the team that acted as Nigerian Counsel to Qatar Islamic Bank on the provision of a US$500 million Murabaha Facility to Shoreline Natural Resources Limited in connection with OML30. This transaction was recognised by Islamic Finance News (IFN) as Cross-Border Deal of the Year 2025.

Led the team that acted as Nigerian Counsel to Greenlight Planet Sun King Nigeria Limited in connection with a naira-denominated senior debt facility in the US dollar equivalent of approximately US$80 million. The facility was provided by the International Finance Corporation, in its capacity as implementing entity of the Renewable Energy Program for Africa, alongside Stanbic IBTC Bank Limited.

Advised Seplat Energy PLC on the Nigerian law aspects of a US$1.283 billion–US$1.583 billion financing for the acquisition of the entire issued share capital of Mobil Producing Nigeria Unlimited, the holder of a 40% operated interest in Oil Mining Leases 67, 68, 70, and 104, together with associated infrastructure and assets.

Leads the team advising Echosys Invest (Fund Adviser to Afrigreen Debt Impact Fund) on multiple senior secured debt financings for key renewable energy companies in Nigeria and across Africa.

Expert in these Jurisdictions

Nigeria

Education

Nigerian Law School

B.L

2004 - 2005

Chambers Review

Provided by Chambers

Chambers Global Guide

Projects & Energy - Nigeria

4
Band 4
Individual Editorial
Adeola Sunmola acts for developers on project developments and is also well placed to assist with transactions and regulatory issues in the energy and power sectors.

Banking & Finance - Nigeria

4
Band 4
Individual Editorial
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.

Strengths

Provided by Chambers

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