Email dan.agbor@uubo.org

Phone +234 14622307-12; 2774921-2

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

Dan Agbor

Senior Partner

Profile

Dan Agbor is the firm’s Senior Partner and heads Udo Udoma & Belo-Osagie’s banking & finance, power, private equity, and taxation teams. His corporate advisory practice includes mergers and acquisitions, securities offerings and derivatives transactions, debt restructuring, debt to equity conversions and fund establishment.

He has advised on a range of matters including Nigeria’s earliest global depositary receipt programme, its first independent power project, the establishment of its first discount house, Nigeria’s first Eurobond transaction and the structuring of an international debt fund that is listed on the Nigerian Stock Exchange.

Dan is ranked as an Eminent Practitioner for his Banking & Finance work, and as a Leading Lawyer in the Corporate/M&A sections of the Chambers Global Directory and the Practical Law Review. He is also featured in the International Financial Law Review (Expert Guides), the Practical Law Company “Which Lawyer” Guides, the Legal 500 and Who’s Who Legal. He is the country representative of the Employment Law Alliance, and a contributor to the International Law Office Energy and Natural Resources Newsletter.

Dan delivers and publishes articles across his practice areas, including papers on banking, secured credit transactions, the Nigerian debt conversion programme, global depositary receipts, foreign investment, international joint venture agreements and guarantees. He chairs and serves on the boards of various companies.

Career

2019-till date
Senior Partner, Udo Udoma & Belo-Osagie
1996-2019
Partner, Udo Udoma & Belo-Osagie
1990-1995
Associate, Udo Udoma & Belo-Osagie
1988-1990
Assistant Manager, Corporate Finance, Nigeria InternationalBank Limited (Citibank)
1987-1988
Legal Officer, Nigeria International Bank Limited (Citibank)
1986-1987
Associate, Ajumogobia, Okeke and Oyebode
1980-1981
Lecturer in Political Science, Rivers State College of Education

Qualifications

1985
LL. B, University of Benin
1984
MPA, Political Science University of Calabar
1980
BSc, Political Science University of Calabar

Professional Membership

International Bar Association
Nigerian Bar Association

Bar Admissions

1986
Nigeria
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Recognition

UUBO is proud to announce that our Senior Partner, Dan Agbor, has been ranked as “Highly Regarded” in the 2017 edition of the IFLR1000 ’s jurisdiction rankings for Nigeria.
Dan has been recognised for his work in Banking and Project Finance.
To learn more about Dan’s work at UUBO, please visit uubo.org

UUBO is proud to announce that our Senior Partner, Dan Agbor, has been ranked as “Highly Regarded” in the 2018 edition of the IFLR1000 ’s jurisdiction rankings for Nigeria.
Dan has been recognised for his work in Banking and Project Finance.
To learn more about Dan’s work at UUBO, please visit uubo.org

UUBO is proud to announce that our Senior Partner, Dan Agbor, has been ranked as “Highly Regarded” in the 2019 edition of the IFLR1000 ’s jurisdiction rankings for Nigeria.
Dan has been recognised for his work in Banking and Project Finance.
To learn more about Dan’s work at UUBO, please visit uubo.org

Leading practitioner Dan Agbor is adept at handling bond issuances, fund structuring and GDRs, among others. He ably draws upon his highly regarded commercial expertise when advising on complex finance transactions.”Chambers Global,2019

Market observers say Dan Agbor is “a top-notch lawyer” who ably provides “sophisticated legal advice.” One interviewee described him as “experienced, skilled and approachable.” He handles all manner of complex transactions, including debt restructuring, equity conversions and bond issuances.”Chambers Global,2019

UUBO is proud to announce that our Senior Partner, Dan Agbor, has been ranked as “Highly Regarded” in the 30th edition of the IFLR1000 ’s jurisdiction rankings for Nigeria.
Dan has been recognised for his work in Banking and Project Finance.
To learn more about Dan’s work at UUBO, please visit uubo.org

UUBO is proud to announce that our Senior Partner, Dan Agbor, has been ranked as “Highly Regarded” in the 31st edition of the IFLR1000 ’s jurisdiction rankings for Nigeria.
Dan has been recognised for his work in Banking and Project Finance.
To learn more about Dan’s work at UUBO, please visit uubo.org

Dan Agbor ranked as ”Highly Regarded” IFLR1000 ‘s latest 2020 Nigeria jurisdiction rankings.

Udo Udoma & Belo-Osagie is pleased to announce that our Banking & Finance and Capital Market teams’ partner, Dan Agbor has been ranked in Chambers and Partners Global Guide 2021 for Banking & Finance, Corporate/Commercial and Corporate/Commercial: Capital Markets: Spotlight Table.
For more information about Dan’s work and the areas of specialisation of our other highly regarded lawyers, please email uubo@uubo.org and visit www.uubo.org.

We are delighted that our senior partner, Mr. Dan Agbor is:

– recommended and ranked as a “Leading Individual” for his Banking, Finance & Capital Markets work;

– recommended and ranked as a “Leading Individual” for his Commercial, Corporate and M&A work and

– recognised for his Energy and Natural Resources work in The Legal500 Europe, Middle East and Africa (EMEA) 2020 edition rankings research.

The rankings report is available to view here: https://lnkd.in/gqnEWtn

Dan Agbor has been recognised by the Chambers and Partners Global Guide 2021 as ‘Eminent Practitioners’..

Articles

Deals

Banking and Finance

• Advised the International Finance Corporation (“IFC”), Standard Bank of South Africa and other lenders in connection with the provision of a US$130,000,000 acquisition finance and US$135,000,000 project finance in connection with the acquisition of Eleme Petrochemical Plant by the Indorama Group and the development and financing of the power plant and infrastructure.

• Advised the IFC connection with a US$50,000,000 loan to Access Bank PLC.

• Advising IFC in connection with a US$7,400,000 equity investment in Moorehouse Properties Limited.

• Advised IFC in connection with a US$75,000,000 ‘A’ loan facility granted to Obajana Cement Company PLC, in connection with the establishment of a 4.4 mtpa Greenfield cement plant at Obajana in Kogi State.

• Advised IFC in connection with a US$2,500,000 loan granted to Socketworks Limited, a Nigerian software development company.

• Advised IFC in connection with the provision of a US$4,000,000 term loan to Socketworks Limited.

• Advised IFC in connection with a US$11,000,000 loan facility granted to UACN Property Development Company Limited, for the purpose of refurbishing the Festac 77 Hotel.

• Advised the then National Electric Power Authority to re-negotiate power purchase and support agreements entered into with Enron, for the establishment of a 270MW barge-mounted power plant; Nigeria’s first independent power project.

• Advised the lenders in connection with the provision of a US$65,000,000 facility to the AOS Orwell Group.

• Advised (in conjunction with Norton Rose LLP) on the restructuring of a US$300,000,000 RBL facility provided to a Dutch incorporated oil and gas sector operator which is party to a production sharing arrangement with the Nigerian National Petroleum Corporation.

Oil and Gas

UUBO is pleased to have advised on the offering of US$650 million in guaranteed senior notes by *Seplat Petroleum Development Company Plc* on the London Stock Exchange. The firm acted for Citigroup Global Markets Limited, J.P Morgan Securities Plc, Nedbank Limited, Rand Merchant Bank, Société Générale, The Standard Bank of South Africa Limited, Standard Chartered Bank, Natixis, FCMB Capital Markets Limited, UBA Plc, United Capital Plc and Zenith Bank Plc (as Initial Purchasers)

The transaction is the largest ever oil and gas bond offering by a Nigerian-based issuer in the international capital markets, and was concluded despite the current challenges of the Covid-19 Pandemic.

The UUBO team was led by the firm’s Senior Partner, Dan Agbor and Partners Yinka Edu and Nicholas Okafor, with support from Kunle Durosinmi-Etti (senior associate) as well as Marcus Ovie Ojaruega, Chinomso Odega, Bolaji Odekunle, Supreme Unukegwo and Oluwatobi Akintayo (associates).

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).

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