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Fred Onuobia

Fred Onuobia

G Elias & Co 6 Broad StreetLagosNigeria
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Global Leader

Banking - Finance 2019

Professional Biography

WWL Ranking: Recommended

WWL says

Fred Onuobia is a prominent figure in the Nigerian banking space who commands over 25 years of experience advising on a broad spectrum of banking, capital markets and structured finance matters.

Biography

Fred Onuobia is the managing partner of G Elias & Co, one of Nigeria's leading business law firms. He is a member of several professional organisations and is recognised in leading international directories of lawyers, such as The Legal 500IFLR and Chambers Global. He has over 25 years’ experience in carrying out banking and finance, capital markets, commercial and project finance work for both private and public-sector clients in various industry sectors. 

Fred has advised on numerous banking and finance transactions. He advised the African Export-Import Bank on its US$750 million financing to the Bank of Industry (largest financing ever of a foreign development financial institution to a Nigerian development financial institution) and its US$650 million financing to the Nigerian private sponsor of the largest ever new-build refinery respectively. In the oil and gas sector, he advised the lenders on the US$1.5 billion pre-export forward sale transaction to finance the NNPC, Shell Petroleum and Total oilfield developments for the Nigerian national gas-to-power programme. In the structured finance sector, he has advised several leading international banks on swaps, repos and securities lending transactions with Nigerian counterparties.

Other notable transactions of his include advising a syndicate of lenders on the project financing and restructuring of the construction and rehabilitation of Lekki-Epe Toll Road (Nigeria's pioneering toll road concession), advising the lenders on the Lagos airport terminal (MMA2) development concession (Nigeria's pioneering private airport terminal), advising on the non-recourse financing for the development of the Calabar International Airport to Tinapa monorail facilities, and advising MTN Nigeria Limited on the over US$1.1 billion sale of its tower assets to IHS. 

National Leader

Nigeria - Banking

Professional Biography

WWL Ranking: Recommended

WWL says

 Fred Onuobia is a distinguished banking lawyer with broad expertise advising public and private sector clients on complex financial transactions.

Biography

Fred Onuobiais the managing partner of G Elias & Co, one of Nigeria's leading business law firms. He is a member of several professional organisations including the Nigerian Bar Association, the London Court of International Arbitration and the Nigerian Environmental Law Association. He is recognised in leading directories including the Legal 500IFLR and Chambers Global. Mr Onuobia has over 25 years’ experience in advising on banking, capital markets, commercial and project finance work for both private and public-sector clients in various industry sectors. 

In the transport sector, he advised the syndicate of lenders on the project financing and restructuring of the construction and rehabilitation of Lekki-Epe Toll Road (Nigeria’s pioneering toll road concession) and was also lenders’ counsel on the Lagos airport terminal development concession (MMA2), Nigeria’s pioneering private airport terminal. He also advised Afreximbank on the non-recourse financing for the development of the Calabar International Airport to Tinapa monorail facilities. 

In the telecommunications sector, he advised MTN Nigeria Limited on the over US$1.1 billion sale of its tower assets to IHS. 

In the oil and gas sector, he was part of the team that advised the lenders on a pre-export forward sale transaction (of a value of about US$1 billion) to finance the NNPC, Shell Petroleum and Total oilfield developments for the Nigerian national gas-to-power programme. This transaction has the potential of significantly reducing the gas shortages experienced in the electric power sector. 

In the industrial sector, he advised the Nigerian subsidiary of Kellogs (the world’s leading cereal maker) on a term loan facility of circa US$460 million (novel for projects situated in free trade zones) and an additional tranche 2 facility of circa US$420 million for the construction of a cereal processing factory, procurement of cereal processing equipment and other related infrastructure in a free trade zone in Nigeria. 

In the structured finance sector, he has advised several leading international banks on swaps, repos and securities lending transactions with Nigerian counterparties.

Nigeria - Project Finance

Professional Biography

WWL Ranking: Recommended

WWL says

 Fred Onuobia is a finance specialist who possesses over 25 years’ experience handling complex project financings and transactions.

Biography

Fred Onuobia is the managing partner of G Elias & Co, one of Nigeria's leading business law firms. He is a member of several professional organisations including the Nigerian Bar Association, the London Court of International Arbitration and the Nigerian Environmental Law Association. He is recognised in leading directories including the Legal 500IFLR and Chambers Global. Mr Onuobia has over 25 years’ experience in advising on banking, capital markets, commercial and project finance work for both private and public-sector clients in various industry sectors. 

In the transport sector, he advised the syndicate of lenders on the project financing and restructuring of the construction and rehabilitation of Lekki-Epe Toll Road (Nigeria’s pioneering toll road concession) and was also lenders’ counsel on the Lagos airport terminal development concession (MMA2), Nigeria’s pioneering private airport terminal. He also advised Afreximbank on the non-recourse financing for the development of the Calabar International Airport to Tinapa monorail facilities. 

In the telecommunications sector, he advised MTN Nigeria Limited on the over US$1.1 billion sale of its tower assets to IHS. 

In the oil and gas sector, he was part of the team that advised the lenders on a pre-export forward sale transaction (of a value of about US$1 billion) to finance the NNPC, Shell Petroleum and Total oilfield developments for the Nigerian national gas-to-power programme. This transaction has the potential of significantly reducing the gas shortages experienced in the electric power sector. 

In the industrial sector, he advised the Nigerian subsidiary of Kellogs (the world’s leading cereal maker) on a term loan facility of circa US$460 million (novel for projects situated in free trade zones) and an additional tranche 2 facility of circa US$420 million for the construction of a cereal processing factory, procurement of cereal processing equipment and other related infrastructure in a free trade zone in Nigeria. 

In the structured finance sector, he has advised several leading international banks on swaps, repos and securities lending transactions with Nigerian counterparties.

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