TEAM
Ranked as a “Rising Star Partner” for Banking and Finance and Capital Markets.
IFLR1000 31st Edition August 2021
Abiodun is an intelligent, creative and resourceful lawyer who leads the Finance & Capital Markets Practice and the Real Estate & Construction Practice at DETAIL. A proven subject matter expert in traditional bank-led project finance, project bonds and equity investments, he has been invited to speak at several engagements in the sector. Abiodun also brings his immense knowledge of the capital markets to every transaction. His vast transactional experience complements his desire to add value to clients through innovative solutions and attention to details.
With a sterling reputation as a versatile finance lawyer able to handle complex structures, Abiodun received the “Nigerian Rising Star Award” as one of the top 40 Nigerian lawyers under the age of 40 at the Nigerian Legal Award 2018. Abiodun has also authored several articles including a contribution to the “2018 Project Finance Report” by the International Financial Law Review (IFLR).
In his spare time, Abiodun goes jogging, is playing video games or listening to rap music.
Bar Qualification
- Admitted to the Nigerian Bar, 2010
Education
- LLB: Olabisi Onabanjo University, 2009
Practice Areas
- Finance & Capital Markets
- Real Estate & Construction
- Corporate & Commercial
Associations & Boards
- Nigerian Bar Association
- Institute of Chartered Secretaries & Administrators
Transactions
Advised Stanbic IBTC Bank Plc as lenders counsel with respect to $55 million term loan facilities being advanced for the refinancing of Mall developments in Delta State and Imo State.
Advised FBN Bank (UK) Limited as lender’s Nigerian Counsel on a US$50m uncommitted term loan facility to Airtel Networks Limited.
Advised Stanbic IBTC Bank Plc as lenders counsel with respect to restructuring its Term Loan Facility to Kellogg Tolaram Nigeria Limited (an international cereal manufacturing company), by providing additional facilities including a N3.2 billion Standby Facility to back-stop a Commercial Bank Guarantee to be issued by Stanbic to the Bank of Industry (“BOI”) on behalf of the Borrower, as security for a facility to be granted by BOI to the Borrower.
Advised Nigeria Mortgage Refinance Company, Nigeria’s pioneer private sector led mortgage liquidity facility, as Solicitor on its $897 million Corporate Bond Issuance Programme geared towards stimulating liquidity in the Nigerian mortgage industry.
Advised EMA and Aiteo Consortia on its acquisition of National Integrated Power Plants – Calabar, Benin and Alaoji Generation Companies valued at $2.7 billion for 80% interest in each of the companies. This included the issuance of an IDA guarantee to backstop the obligation under the Gas Agreement of the NIPP Plants.
Advised UAC Property Development Co. on its public offer for investment in a $200 million Real Estate Investment Trust (REIT) for UPDC Plc.