Email uchechukwu.ajala@uubo.org

Phone +234 1 2774920, 2774921, 2774922, 2719811, 2719812, 2719813

AddressSt Nicholas House, (10th, 12th & 13th Floors), Catholic Mission Street, Lagos, Nigeria.

Uchechukwu Ajala

Associate

Profile

Uchechukwu Ajala is an Associate and a member of the firm’s Corporate and Commercial team. Since joining the firm, he has been involved in a wide range of matters, including business establishment, employment, intellectual property, mergers & acquisition, private equity, data protection and general corporate advisory.

Career

2020
Associate, Udo Udoma & Belo-Osagie
2019
Trainee Associate, Udo Udoma & Belo-Osagie

Qualifications

2018
Nigerian Law School, BL
2017
University of Nigeria, LL.B

Professional Membership

Institute of Chartered Mediators and Conciliators
Nigerian Institute of Management (Chartered)
Nigerian Bar Association

Bar Admissions

2018
Nigeria
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Recognition

Articles

Deals

Banking and Finance

▪ Part of the team that advised a Development Finance Institution on the provision of a US$50 million line of credit to a leading Nigerian bank.

▪ Part of the team that advised a multinational corporation on the provision of a US$150 million term loan to a leading Nigerian bank.

▪ Part of the team that advised a leading multinational organization on the provision of a US$2 million facility to a Nigerian non-profit organization.

▪ Key member of the team that is advising a leading retail company on the acquisition of another retail company through a scheme of merger of both companies.

▪ Key member of the team that is assisting a software development and licensing company with the registration of their lease agreements with the National Office for Technology Acquisition and Promotion.

▪ Part of the team advising a leading tech-enabled healthcare investment company in Nigeria’s health sector that specializes in healthcare PPP infrastructure projects across Africa in its intended collaboration with the Ghanaian government for the purpose of financing, procuring, and deploying diagnostic facilities for use in the essential areas of radiology and pathology across hospitals in Ghana under a public, private partnership and build, operate and transfer arrangement;

▪ Part of the team advising a consortium in its intended collaboration with one of the State Governments in Nigeria for the purpose of financing, construction, and development a 110 kilometers circular road in the State in order to improve traffic flow under a public, private partnership and build, operate and transfer arrangement.

▪ Key member of the team that conducted Nigerian legal due diligence and produced Nigerian law transaction advice in relation acquisition of all the shares of the shareholders of a Nigerian entity that owns and operates mall in a mega-city in Nigeria.

▪ Key member of the team that assisted with the registration of the products of a multinational fast-moving consumer goods company with the National Agency for Food and Drug Administration and Control.

▪ Key member of the team that advised a leading multinational excise manufacturer on its compliance and anti-bribery & corruption issues in Nigeria.

▪ Part of the team assisting a leading fintech company to defend claims of intellectual property infringement with potential liability in the excess of N700 million.

▪ Key member of the team that advised Timwe Group on various tax issues relating to the provision of aggregator services in the Nigerian telecoms market.

▪ Key member of the team that advised Avanti Group on managing PE risks and exchange control risks arising from its operations in Nigeria;

▪ Key member of the team that advised Credit Suisse on the implications of the Nigerian significant economic presence order on its financial services offering in the Nigerian market.

▪ Assists various clients with structuring transactions to ensure compliance with Nigeria’s regulatory regime including various regulations of the Central Bank of Nigeria, the Corporate Affairs Commission and the Federal Inland Revenue Service; and

▪ Advises various foreign companies on their proposed investments in Nigerian companies and is part of the team that conducts due diligence exercises on the various target companies.

Power, Infrastructure and Projects

UUBO’s Energy and Projects team have advised Geometric Power Limited in connection with (1) the US$50 million new debt funding provided by African Export and Import Bank (“Afrexim Bank”), (2) the debt restructuring of a facility of more than USD 500 million provided by three Nigerian lenders to Geometric Power Aba Limited (an affiliate of Geometric Power Limited), (3) the Aba Integrated Power Project (“Aba IPP”), and (4) the investment in the Aba Power Plant Project by equity investors who provided an aggregate amount of USD 19 million in new equity funding.

The Aba IPP is the most impactful and significant power sector project closing following the conclusion of the Azura transaction in 2015 and the power sector privatization in 2013. It is an integrated power island that has its own generation assets and its own distribution assets to serve a population of approximately 2 million people within 9 Local Government Areas in Abia State.

The transaction will lead to the creation of the 12th electricity distribution company in Nigeria and the establishment of a fully integrated utility by Geometric Group, having its own distribution network, an embedded generation facility and a dedicated 27-kilometre pipeline that will supply natural gas to the power plant. The BPE handed over the Aba IPP to Geometric today, Wednesday, 16th February 2022.

The UUBO team was led by Energy and Projects Partners Nicholas Okafor and Onyinye Okafor, with support from Amina Ibrahim (Managing Associate), Victor Samuel (Senior Associate), as well as Chisom Okolie, Maryam Salami, Uchechukwu Ajala, Oluwatobi Akintayo, Godson Iwuozo and Opeyemi Adeshina (Associates).

For more information about UUBO, its teams and our full-service offerings, including in Power, Projects and Infrastructure, please contact us at uubo@uubo.org.

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