Email ekundayo.onajobi@uubo.org

Phone +234 14622307-12; 2774921-2

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

Ekundayo Onajobi

Managing Associate

Profile


Ekundayo Onajobi is a Managing Associate and specialises in corporate and commercial transactions including corporate advisory, capital markets, banking & finance, and real estate transactions. He was part of the team that advised one of Nigeria’s largest conglomerates on its acquisition of majority shares in two listed companies and the divestment of its minority interest in two of its subsidiaries to foreign investors. His capital market experience includes public offerings of debt securities by corporate and government entities in Nigeria.

He undertakes due diligence and regulatory compliance reviews and assists clients with the creation and perfection of title and security interest.

Career

2022
Managing Associate, Udo Udoma & Belo-Osagie
2018
Senior Associate, Udo Udoma & Belo-Osagie
2012
Associate, Udo Udoma & Belo-Osagie
2012
Intern, Detail Commercial Solicitors
2009
Intern, Banwo & Ighodalo

Qualifications

2011
Nigerian Law School, BL
2010
Olabisi Onabanjo University, Ago-Iwoye, Ogun State

Professional Membership

Institute of Strategic Management, Nigeria
Nigerian Bar Association

Bar Admissions

2012
Nigeria
Share

Recognition

UUBO’s Ekundayo Onajobi (managing associate) has been recognised in the 30th edition of the IFLR1000 ’s rankings as a ‘Rising Star’. The Firm is proud of this recognition of Ekundayo’s work in Capital markets: Debt.
To learn more about Ekundayo’s work and our Firm’s practice areas, please visit uubo.org.

UUBO’s Ekundayo Onajobi (managing associate) has been recognised in the 31st edition of the IFLR1000 ’s rankings as a ‘Rising Star’. The Firm is proud of this recognition of Ekundayo’s work in Capital markets: Debt.
To learn more about Ekundayo’s work and our Firm’s practice areas, please visit uubo.org.

“Very responsive with wide legal knowledge and always willing to go the extra mile.” – IFLR1000,2019/2020

“Ekundayo is hands-on, communicates effectively and meets all set deadlines.” – IFLR1000,2019/2020

Articles

Deals

Capital Markets

Udo Udoma & Belo-Osagie’s Capital Markets team and its Mergers & Acquisitions team have advised on the consolidation of the BUA Group’s sugar, flour, pasta, rice, and oil businesses into BUA Foods PLC, and on the subsequent listing by introduction of the shares of BUA Foods PLC in the consumer goods sector of the Main Board of Nigerian Exchange Limited, with the trading symbol “BUAFoods”, adding, as a result, N720 billion to the market capitalisation of Nigerian Exchange Limited.

The Capital Markets team that advised on the listing was led by Yinka Edu and included Ekundayo Onajobi, Lisa Esamah, Ikenna Edeh, and Dumebi Anike-Nweze.

The M&A team that advised on the consolidation included Yinka Edu, Folake Elias-Adebowale, Amina Ibrahim, Ekundayo Onajobi, Temi Okeowo, Mesuabari Mene-Josiah, Uju Ude and Bond Eke-Okpara. For information about UUBO and our offerings, please visit www.uubo.org or email us at uubo@uubo.org.

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).

Capital Markets

The UUBO Capital Markets team is pleased to have acted as Solicitor to the Trustee of the Presco PLC NGN50,000,000,000 (fifty billion Naira) Bond Programme establishment and on the issuance of its NGN34,500,000,000 (thirty-four billion, five hundred million Naira) 7 (seven) year Series 1 12.85% Fixed Rate Senior Unsecured Bonds.

The successful issuance marks Presco PLC’s debut in the Nigerian debt capital markets and will allow it to expand its business and product offerings.

The team was led by our Capital Markets team partner, Yinka Edu, and included Ekundayo Onajobi, Lisa Esamah, Damilola Opayinka, Ikenna Edeh, Oluwatobi Akintayo, and Dumebi Anike-Nweze.

Capital Markets

The UUBO Capital Markets team is pleased to have acted as Joint Legal Counsel to MTN Nigeria Communications PLC (“MTN”) in connection with the establishment of its N150,000,000,000 (one hundred and fifty billion Naira) Commercial Paper Issuance Programme (the “Programme”) and the Series 1 and 2 issuances amounting to a total sum of N127,000,000,000 (one hundred and twenty-seven billion Naira) thereunder. The Series 1 issuance was for a tenor of 184 days priced at a yield of 7.50% yield, while the Series 2 issuance was for a tenor of 254 days priced at a yield of 8.50%.

The successful establishment of the Programme and issuances is the largest single Commercial Paper Issuance in Nigeria.

MTN is the leading telecommunications company in Nigeria and the size of the issuance is a representation of the trust in its brand and operations. The Issuance is in line with MTN’s strategy to diversify its financing options, with the proceeds being deployed towards its short-term working capital requirements and general corporate purposes.

The team was led by our Capital Markets team partners, Yinka Edu and Joseph Eimunjeze, and included Ekundayo Onajobi, Lisa Esamah, Damilola Opayinka, Itoro Etim, and Richard Enoch.

Get the insights that matter

Keep up to date with events and updates, now and in the future.

Scroll to Top

Subscribe to our Newsletter