Templars

Chike Obianwu

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Practice Areas

Partner specialising in Banking Law and Regulation, Financial Services and Financial Products, Project Finance and Corporate Finance.

He advised American Tower Corporation on its $1.05 billion acquisition of telecoms towers from Bharti Airtel in Nigeria. He led the teams that advised: NNPC, Shell and Total on a $1 billion pre-export financing for field development works; Azura Power on its $1 billion financing and development of a 459MW IPP project; various DFIs and sponsors on the financing and development of solar power plants; the sponsors on the development of the Lekki Deep Sea Port project; the sponsors on the development of the $1 billion Second Niger Bridge and Toll Road project; the sponsors on an approximately $1 billion water desalination plant project; United Bank for Africa, Ecobank Nigeria, Seplat Petroleum, IHS Towers and Helios Towers on their respective debut Eurobonds; Afren plc on its repurchase by tender offering of its Luxembourg-listed $500 million 11.5% and $300 million 10.5% senior secured bonds due 2016 and 2019 respectively; the administrators on the administration of Afren plc; Nigeria Sovereign Investment Authority on its fund administration and the structuring of various investments and proposed projects; Diamond Bank Plc on the sale of its United Kingdom and Francophone West Africa subsidiaries; First City Monument Bank on its group restructuring and scheme of arrangement to comply with recent Volcker-rule type changes to banking regulation in Nigeria; Exxon Mobil on the sale of the Qua Iboe IPP to Black Rhino; Blakeney and VTB Capital on their pre-IPO acquisition of shares in Seplat Petroleum; Africa Finance Corporation and Access Bank on a $720 million reserves-based financing to NECONDE Energy Limited; African Development Bank on a $200 million line of credit facility to Africa Finance Corporation; DEG and a group of Nigerian pension managers (as cornerstone investors) on the formation of a first-of-its-kind Nigerian-focused infrastructure investment fund; Actis on a $60 million financing for the development of the Jabi Lake Mall.

Professional Memberships

Admitted in Nigeria and in England & Wales.

Career

Rejoined Templars as a Partner in 2010. Formerly joint deputy head of Corporate Finance & Advisory and legal counsel at the leading Nigerian investment bank, Zenith Capital Limited. Before Zenith Capital, practised in project and structured finance at Templars and at Udo Udoma & Belo-Osagie.

Publications

Why the Central Bank of Nigeria is Wrong on Dollarisation (2015), The Trouble with the SEC’s Share Buyback Initiatives (2008), Does Nigerian Insolvency Law Need a Chapter 11? (2007).

Personal

Born 18 November 1974. Attended the University College London, the University of Lagos and Nnamdi Azikiwe University.