Email maryam.salami@uubo.org

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

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

Maryam Salami

Associate

Profile

Maryam Salami is an Associate and a member of the firm’s Corporate Advisory, Banking & Finance and Energy & Project Finance teams. Since joining the firm, she has advised on a wide range of transactions including debt restructuring, complex commercial transactions, real estate and dispute resolution matters and transactions involving investigation and compliance.

Career

2020
Associate, Udo Udoma & Belo-Osagie
2019
Trainee Associate, Udo Udoma & Belo-Osagie
2018
Graduate Intern, Yussuf O. Alli
2018
Graduate Intern, Labi-Lawal & Co

Qualifications

2018
Nigerian Law School, BL
2017
Ekiti State University, LLB

Professional Membership

Institute of Chartered Mediators and Conciliators
Nigerian Bar Association

Bar Admissions

2017
Nigeria
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Recognition

Articles

Deals

Power, Infrastructure and Projects

 Advising Geometric Power on the restructuring of the construction finance facility provided for the development of the Geometric IPP project in Aba, Abia State. His role involved negotiating the completion EPC contract in respect of the power plant being constructed by the project developer; 

Advising Sahara Energy Group, a leading energy company in connection with the restructuring of loan facilities worth an aggregated US$723 million, aimed at mitigating the impact of the devaluation of the Naira on its business; 

Member of the firm’s team that advised Kepco Energy Resources Limited in connection with a US$309.9 million facility that was provided by a syndicate of local banks in connection with Kepco Energy Resources Limited’s acquisition of a 70% equity interest in Egbin Power Plc; 

Part of the team that advised Sahara Energy Group in connection with the Acquisition Finance Facility provided to its related company (New Electricity Distribution Company Limited) for the purpose of acquiring 60% of the equity share capital of Ikeja Electricity Distribution Plc; 

Advising Sahara Energy Group on the phased project construction, financing, and development of a 530MW power infrastructure in an East African country; 

Advising Daniel Power Consortium, represented by Daniel Power Plants in connection with raising finance for the acquisition of 80% equity interest in Ogorode Power Generation Company Limited which amounts to US$531,777,777; 

Advised Lendable Inc. in connection with a credit facility to a Nigerian fintech company; 

Member of the team that advised African Development Bank on their subordinated Loan of US$10 million to Infrastructure Credit Guarantee Company Limited; 

Advised Seplat Energy Plc on its US$ 1.283 billion to 1.583 billion acquisition of Exxon Mobil’s offshore shallow water business in Nigeria. Advised on Nigerian acquisition, regulatory and financing elements of this landmark transaction; 

Part of the team advising OCP Africa in connection with a joint venture project with the Nigeria Sovereign Investment Authority (NSIA) for the construction of a fertilizer production plant in Akwa-Ibom State, Nigeria;

Member of the team that advised Nedbank Limited on an Uncommitted Pre-export Finance Facility of US$20, 000,000.00 (twenty million United States Dollars) to Pajson Dubai Trading DMCC;

Part of the team that advised Jotna and Engee PET Manufacturing Company Nigeria Limited (as borrower and project developer) on a USD39 million facility (by the International Finance Corporation as lender) for the construction and development of a 150,000-metric tonne per annum continuous polymerization polyethylene terephthalate (PET) resin plant in Ogun State; 

Key a member of the team that advised Capricorn Digital Limited, one of Nigeria’s largest digital solution providers on its proposed acquisition by MFS Africa Nigeria Holdings Limited in one of Nigeria’s largest Fintech deals; and 

Key member of the team that advised on the consolidation of BUA Group’s sugar, flour, pasta, rice, and oil businesses into BUA Foods Plc.

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.

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.

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