Phone +234 14622307-12; 2774921-2

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

Damilola Adedoyin



Damilola Adedoyin is an Associate and a member of the firm’s Banking & Finance, Private Equity, Capital Markets and Mergers & Acquisitions teams. Since joining the firm, he has been involved in a wide range of matters, including general corporate advisory, intellectual property, real estate and litigation.


Associate, Udo Udoma & Belo-Osagie
Trainee Associate, Udo Udoma & Belo-Osagie
Intern, Babalakin & Co.
Teacher, Hampson Educational Services, Guangzhou


Nigerian Law School, BL
University of Liverpool, LL.B
Certificate of Chinese Language Proficiency, South China University of Technology, Guangzhou, China

Professional Membership

Nigerian Bar Association

Bar Admissions





Private Equity

We are delighted to have advised on the Nigerian elements of Predictus SAS’ $42 Million Series-B Funding Round of neobank startup, FairMoney, which was led by Tiger Global. The advisory team was led by our @mamaimanaliya, and included, @dami.ady, @officially_bond, @iamujuude and @nonsoikegwu

Udo Udoma & Belo-Osagie’s market-leading, four partner-led private equity and venture capital practice has, for over 25 years, advised on, and facilitated, local and cross-border investment, fundraising and regulatory advocacy activities benefiting investors and small, medium and large scale businesses with strong growth and impact potential and a visionary outlook across diverse sectors in Nigeria and Africa, including the exponentially growing financial technology sector, working in collaboration with our specialist teams.

If you require assistance or would like more information about our specialist private equity and venture capital fund formation and transaction advisory practice please contact us at General enquiries and information about all of our diverse practice area offerings is also available at or via email at

Mergers, Acquisitions and Restructuring

UUBO team advises on proposed BAXI/Capricorn Digital limited buyout by MFS Africa

We are pleased to have advised Capricorn Digital Limited, one of Nigeria’s larger digital solution providers, on its proposed acquisition by MFS Africa Nigeria Holdings Limited, in one of Nigeria’s largest FinTech acquisition deals. The investment, which is subject to the approval of the Central Bank of Nigeria, will enable both MFS Africa and Baxi/Capricorn to scale their operations extensively and widen their presence in other African countries in line with their shared corporate values of innovation and technical excellence.

The multidisciplinary Nigerian transaction advisory team was led by UUBO M&A and Private Equity team partner, Folake Elias Adebowale, and included @iamujuude, @kelechi.ibe_ , @officially_bond, @dami.ady , @dpobuchi, @debbynotadowner and @iwuozo_k_godson, working with a cross-border group of advisers.

Private Equity

We are pleased to have advised AfricInvest, a leading Pan-African management platform, in connection with its acquisition of a minority stake in Royal Exchange General Insurance Company, one of the largest non-life insurance companies in Nigeria. The investment was made through AfricInvest’s private equity fund, Financial Inclusion Vehicle (“FIVE”), and follows the initial investment made by InsuResilience Investment Fund in 2019, which we are also proud to have advised on.

The UUBO transaction advisory team was led by our Private Equity and M&A teams partner, @xtinesij with support from @____faridah, a senior associate with the team. Other core team members include @dami.ady , @tobechee_ and Chris Oke. The UUBO team worked with a cross-border group of advisers.

For more information about our private equity and venture capitalist transaction advisory practice, please email us at

Banking and Finance

UUBO advised on MTN Nigeria’s initial public offer – N 478.2 billion equity shelf programme establishment and series 1 offer

UUBO is pleased to have advised on the establishment of a N 478.2 billion equity shelf programme and the Series 1 offer for sale of 575 million shares thereunder, by MTN Nigeria Communications PLC. The firm acted for the Selling Shareholder – MTN International (Mauritius) Limited.

The Series 1 offer was 139.47% oversubscribed and the transaction was the first public offer via a digital platform in Nigeria.

The UUBO team was led by the firm’s Senior Partner, Dan Agbor and Partners Yinka Edu, Nicholas Okafor and Joseph Eimunjeze with support from Kunle Durosinmi-Etti and Ekundayo Onajobi (Senior Associates), as well as Damilola Adedoyin and Chris Oke (Associates).

Mergers, Acquisitions and Restructuring, Power, Infrastructure and Projects, Private Equity

Udo Udoma & Belo-Osagie is pleased to have advised LeapFrog Investments on its strategic investment, with Tana Africa Capital, in Interswitch, one of Africa’s leading technology-driven companies focused on the digitisation of payments. The investment is expected to assist in supporting Interswitch’s drive to advance the payment ecosystem across Africa.

A portion of the investment has been acquired from existing shareholders, with Ignite Holdco Limited, made up of Helios Investment Partners and TA Associates, remaining the largest shareholder in the business following the transaction. More information about the transaction is available to read here:

Our transaction team was led by private equity and M&A team partner, Folake Elias-Adebowale, with principal support from associates Bond Eke-Okpara, Aanu Odunaike and Precious David and additional support from Babatunde Olayinka, Pamela Onah, Dami Adedoyin and Chigor Weli-Igwe.

For more information about UUBO’s Private Equity, M&A, Energy, and other market-leading practice area offerings, please visit our website at

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