Strategic Research Sponsor of the American Bar Association's Section of International LawThe Queen's Award for Enterpise 2012

Udo Udoma & Belo-Osagie

Since it was founded in 1983, Udo Udoma & Belo-Osagie has evolved to become one of the best-known and respected Nigerian law firms. The full-service outfit, which initially focused on oil and gas matters, now boasts four offices in the country and ten partners excelling in banking and finance, capital markets, labour and corporate law, as well as dispute resolution. Respondents note that the firm offers “creative, practical and commercially sound counsel”. Across nine practice areas, the firm achieves an impressive 27 listings, more than any other firm in our publication this year.

Aviation 1 M&A and Governance 7
Banking 3 Labour & Employment 1
Capital Markets 3 Project Finance 4
Commercial Litigation 1 TMT 2
Energy & Natural Resources 5

With seven nominations, the firm’s M&A team assists clients from the structuring and drafting of agreements to navigating the country’s regulatory framework and identifying legal risks associated with transactions. Managing partner Dan Agbor is “a famed practitioner in the market”. Recognised in our banking, capital markets, energy, M&A, project finance and TMT chapters, he is considered “a fine exponent of Nigerian business law”. Aniekan Ukpanah also receives praise for his “first-class work” dealing with banking, capital markets, M&A and governance and project finance. Recognised in three chapters this year, including banking and capital markets, Yinka Edu runs “an excellent corporate finance practice”. She impresses peers and clients alike who highly recommend her knowledge of the Nigerian bond market. Folake Elias-Adebowale is recognised in our M&A and energy chapters; her “commercial and sector expertise” ensures that she is an asset to energy-related projects and transactions. Jumoke Lambo is recognised for her expertise in M&A deals. She is also considered “a go-to lawyer” for telecommunications law, co-heading the firm’s practice group.

Given its strong history with the oil and gas market, it comes as no surprise that five of the firm’s partners rank in our energy and natural resources chapter. The group’s extensive experience dealing with licencing procedures, joint ventures and investments, oil and gas tax regimes and compliance make it “a first port of call” for foreign investors as well as domestic companies. As head of the oil and gas group, Myma Belo-Osagie is considered “a real authority” on Nigerian petroleum regulations and downstream gas legislation, as well as related project finance transactions. She is also listed for her corporate law expertise. Sally Udoma possesses 30 years of experience in the oil industry, leading peers to hail her “a thought leader” in the country. 

In sum, Udo Udoma & Belo-Osagie remains a favourite among those wishing to conduct business in the country, cementing its reputation as a leading firm in the Nigerian legal market. 

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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.

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Law Business Research Ltd

87 Lancaster Road, London
W11 1QQ, UK