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Global Leader

WWL Ranking: Recommended

WWL says

Asue Ighodalo is a highly skilled corporate finance specialist, distinguished for his expert handling of complex capital market transactions.  

Biography

Asue Ighodalo is a founding partner of Banwo & Ighodalo, a foremost corporate commercial law firm in Nigeria that is consistently listed in the top tier of several leading Nigerian and international legal directories, publications and journals. He obtained his first degree in economics from the University of Ibadan, and a law degree from the London School of Economics and Political Science in the UK; he was admitted into the Nigerian Bar in July 1985.

His core areas of practice are capital markets, mergers and acquisitions, restructuring, corporate and project finance, and energy and natural resources, in all of which he possesses extensive experience.

Specifically, as regards the capital market space, Asue has for many years led the firm's advisory teams in numerous domestic and international capital market transactions launched by private and public corporates across various sectors. These include, but are not limited to, banking, finance, energy and natural resources, and fast-moving consumer goods. Asue has also advised on transactions involving the issuance of various instruments, ranging from shares and bonds to global depository receipts and global depository notes.

Asue has advised MTN Nigeria Communications on their listing by way of introduction on the Premium Board of the Nigerian Stock Exchange; the federal government of Nigeria in connection with its aggregate issuance of 350 billion-naira sukuk in the domestic capital market; Dangote Cement in connection with its issuance of 100 billion naira worth of bonds under its 300 billion naira debt issuance programme; and the Lagos state government regarding its 100 billion naira Series III bond issuance under its 500 billion naira debt issuance programme. Asue has also advised Interswitch Limited in connection with their 23 billion naira Series I bond issuance under a 30 billion naira debt issuance programme; and the Federal Republic of Nigeria on all its eurobond issuances in the international capital market to date.

Asue is the chairman of Sterling Bank, Nigeria Economic Summit Group and Levene Energy Group. He also serves on boards of several other public and private companies, NGOs, and the Nigerian Sovereign Investment Authority.

Asue has been consistently ranked as a leading and/or top-tier lawyer in all his areas of practice by the leading legal directories. He has authored many articles in leading law publications, and delivered several presentations on diverse subjects of law; and he serves as a mentor to young lawyers globally.

His hobbies include golfing, watching football, reading, travelling and participating in political discourse. He is married and blessed with a daughter.

National Leader

Nigeria - Capital Markets 2020

Professional Biography

WWL Ranking: Recommended

WWL says

Asue Ighodalo is recognised by peers as one of the foremost lawyers in Nigeria when it comes to high-value capital markets deals and transaction negotiation.

Biography

Asue Ighodalo is a founding partner of Banwo & Ighodalo, a foremost corporate commercial law firm in Nigeria. He obtained his first degree in economics from the University of Ibadan, and a law degree from the London School of Economics and Political Science. He was admitted into the Nigerian Bar in July 1985.

He possesses extensive experience in his core areas of practice: capital markets; mergers and acquisitions; restructuring; corporate and project finance; and energy and natural resources.

For many years, Asue has led the firm's advisory teams in numerous domestic and international capital market transactions launched by private and public corporates. This work has covered various sectors, including banking, finance, energy and natural resources, and fast-moving consumer goods. Asue has also advised on transactions involving the issuance of various instruments ranging from shares and bonds to global depository receipts and global depository notes. He recently advised MTN Nigeria Communications on their listing on the Premium Board of the Nigerian Stock Exchange; and he advised the Nigerian government on the issuance of 100 billion naira of sukuk bonds in the domestic capital market. In addition, Asue is trusted counsel to the Federal Government with respect to bond issuances and has advised the Federal Government on all its Eurobond issuances in the international capital market and transactions to date.

Recently, Asue advised the Lagos State Government in relation to the issuance of a N100,000,000,000 10 year fixed rate bonds being its third series of bonds under its N500,000,000,000 bond issuance programme. The transaction is the largest bond issuance in the Nigerian domestic capital markets by a subnational and is the second time a 10-year instrument has been issued by a non-sovereign issuer after the Lagos State Government issued a 10-year bond in 2017.  

Asue is the chairman of Sterling Bank, Nigeria Economic Summit Group and Levene Energy Group. He also serves on boards of several other public and private companies, NGOs, and the Nigerian Sovereign Investment Authority.

Asue serves on Government advisory and technical committees from time to time and previously served as the chairman of the technical committee set up by Securities and Exchange Commission to advise on the demutualisation of the Nigerian Stock Exchange.

Asue has been consistently ranked as a top-tier lawyer in all of his areas of practice by the leading legal directories.

Nigeria - M&A and Governance 2020

Professional Biography

WWL Ranking: Recommended

WWL says

Asue Ighodalo is singled out as a standout name for a range of corporate financings including capital markets, projects and M&A transactions. 

Biography

Asue Ighodalo is a founding partner of Banwo & Ighodalo, a foremost corporate commercial law firm in Nigeria that is consistently listed in the top tier of several leading Nigerian and international legal directories, publications and journals. He obtained his first degree in economics from the University of Ibadan, and a law degree from the London School of Economics and Political Science in the UK; he was admitted into the Nigerian Bar in July 1985.

His core areas of practice are capital markets, mergers and acquisitions, restructuring, corporate and project finance, and energy and natural resources, in all of which he possesses extensive experience.

Asue has for many years led the Firm's advisory teams in numerous merger and acquisition transactions. Recently, Asue co-led the team that Dangote Flour Mills PLC (DFM) in connection with the acquisition of the entire shareholding of DFM by Olam International Limited through its subsidiary, Crown Flour Mills Limited. He also advised OVH Energy Marketing Limited (OVH) in connection with a restructuring of intercompany loan facilities involving the amendment of facility documents and the novation of loans from OVH to its parent company OVH Energy BV; and a scheme of external restructuring among OVH, OVH Energy Supply and Trading Limited, OVH Energy Trippmart Limited, Clean Cooking Fuel Investment Limited and HV Copper Limited resulting in an enlarged OVH. He led the team that advised Dangote Cement Plc in connection with the buy-back of 10 per cent of its issued and paid-up share capital.

He led the team that advised Consolidated Breweries Plc in connection with its merger with DIL Maltex (Nigeria) Limited and Benue Brewery Limited. This was the largest merger within the brewery industry in 2013. He also led the team that advised Nigerian Breweries Plc in connection with its merger with the resulting Consolidated Breweries Plc. He led the team that advised GlaxoSmithKline Consumer Nigeria Plc in connection with the divestment of its drinks business to Suntory Beverage & Foods Nigeria Ltd.

Asue co-led the teams that advised Greenoaks Global Holdings Limited (GGH) in connection with its divestment of its 99.03 per cent equity stake in Ensure Insurance Plc, an insurance company in Nigeria providing composite insurance policies, to Societe Fonciere Europeenne BV, an affiliate of Allianz SE; and Unilever Nigeria Plc (a member of the Unilever Group) on Nigerian law issues in connection with the proposed divestment of its spreads business to KKR & Co LP. Notably, he co-led the team that advised Access Bank PLC in connection with the scheme of merger between Access Bank PLC and Diamond Bank PLC. He also co-led the team that advised Forte Oil Plc in connection with the divestment of Forte Oil Plc’s power generation business undertaken through its subsidiary – Amperion Power Distribution Company Limited, which holds a 51 per cent stake in Geregu Power Plc, a power generation company in Nigeria, to a related party; and Forte Oil Plc’s divestment of its upstream services business undertaken through Forte Upstream Services Limited, to Gbonka Oil and Gas Limited.

Asue is the chairman of Sterling Bank, Nigeria Economic Summit Group and Levene Energy Group. He also serves on boards of several other public and private companies, NGOs, and the Nigerian Sovereign Investment Authority.

Asue has been consistently ranked as a leading and/or top-tier lawyer by the leading legal directories. He has authored many articles in leading law publications and delivered several presentations on diverse subjects of law; and he serves as a mentor to young lawyers globally.

His hobbies include golfing, watching football, reading, travelling and participating in political discourse. He is married and blessed with a daughter.
Nigeria - Project Finance 2020

Professional Biography

WWL Ranking: Recommended

WWL says

Asue Ighodalo is held in high regard for his strong experience representing clients on domestic and international project financings and transactions. 

Biography

Asue Ighodalo is a founding partner of Banwo & Ighodalo, a foremost corporate commercial law firm in Nigeria that is consistently listed in the top tier of several leading Nigerian and international legal directories, publications and journals. He obtained his first degree in economics from the University of Ibadan, and a law degree from the London School of Economics and Political Science in the UK; he was admitted into the Nigerian Bar in July 1985.

His core areas of practice are capital markets, mergers and acquisitions, restructuring, corporate and project finance, and energy and natural resources, in all of which he possesses extensive experience.

Asue has led teams advising on notable project finance transactions aimed at developing various sectors of the Nigerian economy. Specifically, Asue has advised the Dangote Group in connection with the US$3,025,000,000 syndicated financing transaction for the development of a fertilizer plant and the largest oil refinery in the West African sub-region with a production capacity of 650,000 barrels per day located in the Lekki Free Trade Zone in Nigeria (the Dangote Refinery Project). At the time, this deal was the single largest corporate finance transaction in the West African sub-region. Subsequently, Asue advised the Dangote Group in raising additional capital including the US$250,000,000 and US$650,000,000 facilities advanced by African Export-Import Bank to finance the cost of development of the Dangote Refinery Project.

Asue is the chairman of Sterling Bank Plc, Nigeria Economic Summit Group (NESG) and Levene Energy Group. He also serves on boards of several other public and private companies, NGOs and the Nigerian Sovereign Investment Authority.

Asue has been consistently ranked as a "Tier 1" or "Leading lawyer" in all of his areas of practice by the leading legal directories. He has authored many articles in leading law publications, delivered several presentations on diverse subjects of law and serves as a mentor to young lawyers globally.

His hobbies include golfing, watching football, reading, travelling and participating in political discourse. He is married and blessed with a daughter.

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