Email joseph.eimunjeze@uubo.org

Phone +234 14622307-12; 2774921-2

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

Joseph Eimunjeze

Partner

Profile


Joseph Eimunjeze is a Partner in the firm’s banking and finance, corporate advisory and tax teams. His specialisations also include mergers and acquisitions, insolvency and corporate restructuring, foreign investments and banking regulatory compliance.

Joseph has advised various clients on various finance and project finance matters and on derivatives, foreign investments, securities (equity and debt) and foreign exchange restrictions. Joseph was part of the team that advised various joint lead managers in connection with the establishment of the Global Medium Term Notes Programmes and issuance of Eurobonds and sovereign bonds. He has worked on various tender offers. He has also advised on a number of facilities advanced to Nigerian banks and other corporates. He was a key member of the firm’s teams that advised on the establishment of the Nigerian Sovereign Wealth Fund through the enactment of the Nigeria Sovereign Investment Authority (Establishment) Act, No. 1 of 2011.

His corporate advisory experience includes advising local and foreign clients on a diverse range of issues such as investment structure, debt-financing, restructuring, Islamic banking and finance, corporate taxation, petroleum taxation and the restructuring of petroleum sector operations. He also helps to devise tax-efficient transaction structures for achieving compliance with local tax laws and regulations.

Joseph is a chartered tax practitioner and an associate member of the Chartered Institute of Taxation of Nigeria.

Career

2019
Partner, Udo Udoma & Belo-Osagie
2017
Managing Associate, Udo Udoma & Belo-Osagie
2014
Senior Associate, Udo Udoma & Belo-Osagie
2008
Associate, Udo Udoma & Belo-Osagie
2008
Associate, Ahonaruogho, Ahonaruogho & Co.
2007
Counsel, Abugu & Co. Solicitors
2006
Intern, Awokoya, Awokoya & Co.

Qualifications

2015
Middlesex University, London, PG Certificate
2007
Nigerian Law School, BL
2006
University of Lagos, LL.B

Professional Membership

The Chartered Institute of Taxation of Nigeria
Nigerian Bar Association

Bar Admissions

2007
Nigeria
Share

Recognition

UUBO is proud to announce that our Partner, Joseph Odianosen Eimunjeze, has been ranked as “Highly Regarded” in the 30th edition of the IFLR1000 ’s jurisdiction rankings for Nigeria.
Joseph has been recognised for his work in Banking and M&A.

To learn more about Joseph’s work at UUBO, please visit uubo.org

UUBO is proud to announce that our Partner, Joseph Odianosen Eimunjeze, has been ranked as “Highly Regarded” in the 31st edition of the IFLR1000 ’s jurisdiction rankings for Nigeria.
Joseph has been recognised for his work in Banking and M&A.

To learn more about Joseph’s work at UUBO, please visit uubo.org

Joseph Odianosen Eimunjeze ranked as ”Highly Regarded” IFLR1000 ‘s latest 2020 Nigeria jurisdiction rankings.

“Joseph is an intelligent lawyer and i find him quite vast. He is able to advice across banking, corporate and tax issues effortlessly which is very lifesaving.” – IFLR1000,2019/2020

“Professional, good knowledge of law and the client’s objectives, communicates and meets deadlines.” – IFLR1000,2019/2020

Articles

Deals

Banking and Finance

• Advised IFC in connection with a term loan of US$87,500,000 to Access Bank PLC.

• Advised IFC on its loan of the Naira equivalent of USD 50 million to the Lagos State Government (Borrower) for financing the development, construction, and rehabilitation of two Quality Bus Corridors to be implemented by Lagos Metropolitan Area Transport Authority.

• Advised IFC on its COVID-19 working capital facilities to Zenith Bank PLC, First Bank Nigeria Limited and Access Bank PLC in the sum of USD 100 million, USD 125 million and USD 50 million respectively.

• Co-led the team that advised AFC and RMB in connection with a US$95 million loan facility to MTN Nigeria Communications PLC.

• Advised AFDB in connection with a line of credit of US$50,000,000 to Fidelity Bank Plc.

• Co-led the team that advised Credit Suisse AG in connection with a US$30 million loan provided to MTNN Nigeria Communications Limited; and in respect of a US$84 million loan provided by Credit Suisse and China Exim to MTN Nigeria Limited.

• Advised Citi Bank (Facility Agent) and a syndicate of 12 Nigerian banks on a NGN200 billion facility to MTN Nigeria Communications PLC (MTNN), a telecommunications giant with over 52 million subscribers, (with a national coverage and fibre network that reaches all 36 states in Nigeria) to enable MTNN meet its working capital requirements, service its debt obligations and finance its capital expenditure.

• Advised Citi Bank (Facility Agent) and a syndicate of 7 Nigerian banks on a NGN200 billion facility to MTN Nigeria Communications PLC.

• Advised a syndicate of lenders (including Citibank N.A. London, FMO, FirstRand Bank Limited Standard Chartered Bank, etc) in connection with a US$800 million loan facility to INT Towers Limited, a Nigerian telecommunications company.

• Advised IFC in connection with a term loan of US$40,000,000 to Republic Bank (Ghana) Limited.

• Advised CDC Group PLC in connection with a credit facility of US$75,000,000 to Stanbic IBTC Bank PLC.

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 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.

Banking and Finance

Lagos State is the chief commercial and financial center of Nigeria, however, the state’s productivity is threatened by an inadequate transportation system to cater to its dense population of over 22 million people, heavy traffic and associated carbon pollution.

Udo Udoma & Belo-Osagie is delighted to have advised International Finance Corporation (“IFC”) on its sustainable loan of the Naira equivalent of USD 50 million to the Lagos State Government for financing the development, construction, and rehabilitation of two Quality Bus Corridors totaling 8 kilometers to be implemented by Lagos Metropolitan Area Transport Authority. In line with sustainable development goals, this impact investment aims to provide a sustainable transportation system in the megacity, ease the pressure on road traffic, and drastically reduce carbon emissions. The transaction also marks IFC’s first financing to a sub-national in Nigeria as part of its objective to achieve sustainable growth in developing countries.

The team was led by partners Nicholas Okafor, Yinka Edu, Onyinye Okafor, Joseph Eimunjeze and included Victor Samuel, Pamela Onah, Chisom Okolie and Maryam Salami.

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