Detail Commercial Solicitors

Nigeria

Address:
Nigeria

+234 0 1 2771400 5


Key contacts:

Managing Partner: Dolapo Kukoyi
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Quick facts:

DETAIL is: Nigeria’s first commercial solicitor firm to specialize exclusively in non-courtroom practice.
Number of lawyers: 18
Number of partners: 5
Years of operation: 17 years (since February, 2004)
Language: English
Tag line: We mind your business!


At DETAIL, we pride ourselves on focusing on the boardroom rather than the courtroom. The value that commercial clients place on risk mitigation, dispute avoidance and proactive legal advice has meant that since inception DETAIL has deliberately focused all its energy and resources on being commercial solicitors. Over the last 17 years we have developed a strong reputation within the Nigerian legal market as being lawyers that are ‘proficient at structuring transactions and relentless at deal making.” IFLR 2019.

As the first Nigerian firm to specialize exclusively in ‘non-courtroom’ practice we are both detailed in name and in nature.

Our practice areas are: Energy, Infrastructure and Power, Finance and Capital Markets, Corporate and Commercial, Private Equity, Real Estate and Construction, Legal Tax Advisory, and Technology and Digital Economy.

  • Asset finance
  • Banking
  • Capital markets: Debt
  • Capital markets: Equity
  • Covered bonds
  • Financial restructuring
  • Financial services regulatory
  • Hedge funds
  • Investment funds
  • Islamic finance
  • M&A
  • PPP/PFI
  • Private equity
  • Private equity funds
  • Project bonds
  • Project developmentProject finance
  • Real estate finance
  • Real estate funds
  • Restructuring and insolvency
  • Securitisation
  • Structured finance/securitisation
  • Trade finance

Project Development
Dolapo Kukoyi
dolapo@detailsolicitors.com

Recent transactional highlights:

  • Advising Falcon Corporation Limited on the development of a 15,000 MT (initially 4000) Liquified Petroleum Gas (LPG) Storage, Terminal, Jetty and Distribution facilities in Port Harcourt, Rivers State, Nigeria
  • Advised Empower New Energy on the development of 700 kWp Solar PV Installation to provide clean electricity to Nigeria’s largest egg-producing farm, Premium Poultry Farms
  • Advised the Nigeria Energy Support Program (NESP) Phase II through its contractor GOPA-International Energy Consultants GmbH, on the development and construction of a 10MW solar project in Kano State.
  • Advising LADOL on the development and installation of a 24MW – 48MW power plant at its base at the LADOL Free Trade Zone.
  • Advised the Nigeria Energy Support Program (NESP) Phase II through its contractor GOPA-International Energy Consultants GmbH on the procurement of Solar Hybrid Stand-alone Systems for Nigeria Center for Disease Control (NCDC) laboratories in the fight against COVID-19.

Banking
Abiodun Oyeledun
abiodun@detailsolicitors.com

Recent transactional highlights:

  • Acting as Legal Counsel to FBN Quest Merchant Bank Limited, the guarantee provider for the issuance of a N17 Billion Credit Guarantee for the Construction of The Abuja Industrial Park.
  • Acted as Lender’s Counsel to FBN Bank UK for the provision of a US$50m uncommitted term loan facility to Airtel Networks Limited.
  • Advsing Stanbic IBTC Capital Ltd on an $11.3 million medium-term facility to Urban Shelter Limited to refinance an existing facility obtained from Diamond Bank Plc.
  • Advised Infracredit on a N10 Billion guarantee to Transport Services Limited, a transportation and logistics company with respect to a bond issuance by the Company.
  • Advised Stanbic IBTC Capital Ltd and Stanbic Bank PLC on a 2.4 Billion short term loan advanced to Starsight Power Utility Limited.

Project Finance
Abiodun Oyeledun
abiodun@detailsolicitors.com

Recent transactional highlights:

  • Advised Renewvia Energy Corporation on an investment from DPI Solar Nigeria Pte Ltd for the development of four mini-grid sites in Nigeria under an operating lease arrangement.
  • Advising CrossBoundary Energy Access, Africa’s first project finance facility for mini grids, on its entry into the Nigerian captive market.
  • Acting as Legal Counsel to FBN Quest Merchant Bank Limited, the guarantee provider for the issuance of a N17 Billion Credit Guarantee for the Construction of The Abuja Industrial Park.

Mergers & Acquisitions and Private Equity
Temidayo Ajayi
temidayo@detailsolicitors.com

Recent transactional highlights:

  • Advised Auxano Solar Nigeria Limited in a major financing from All On Partnerships for Energy Access Limited of up to $1.5 million towards a solar panel assembly plant in Ibeju Lekki, Lagos.
  • Advised Breakthrough Energy Ventures (BEV), an investor-led fund, on its $9 million venture capital minority investment in Arnergy Nigeria Limited, a solar energy solutions technology company in Nigeria.
  • Advised Big Cabal Media Limited, a media company targeted primarily at the millennial audience across Africa, in a $500,000 fundraising series.
  • Advised MBU Capital on the acquisition of Nile University and the subsequent transfer of all shares owned by MBU Capital to Actis.
  • Advised CrossBoundary Energy, a fund dedicated to Commercial and Industrial solar installations in African enterprises, on its entry into the Nigerian Captive Power Market to Finance, Install, Own and Operate Solar Projects.
  • Advising LADOL Services Free Zone Enterprise on its development of a 24-48MW Gas to Power Plant and negotiations with an investor under a Joint Venture arrangement.

Capital Markets
Abiodun Oyeledun
abiodun@detailsolicitors.com

Recent transactional highlights:

  • Acted as solicitor to the issue and advised on the registration of N1 Billion Emerging Africa Bond Fund and NGN 1 Billion Emerging Africa Money Market Fund with the Securities and Exchange Commission.
  • Advising KSIP Funding SPV Limited, a Special Purpose Vehicle, responsible for raising funds for project execution and management within Kano State.
  • Acted as a solicitor to the Trustee for the Series 1 Guaranteed Bond Issuance of up to N 12Billion by Transport Services Limited
  • Advised DLM Advisory Partners and DLM Trust Company, on an on-lending facility of N5 Billion generated from a private corporate bond issuance by Nasarawa Funding SPV Limited.

Legal Tax Advisory
Chukwudi Ofili
chukwudi@detailsolicitors.com

Recent transactional highlights:

  • Advised Renewvia Energy Corporation on the applicability of Customs/Import Duty and Value Added Tax on Solar Panels/Modules imported into Nigeria following a dispute with the Nigeria Customs Service on the basis of assessment.
  • Advised ILF Engineers Nigeria Ltd on the tax implications of the proposed Secondment Plan of employees from ILF Germany for a project in Nigeria.
  • Advised Renewvia Energy Corporation on the tax efficient structure for its investment in the development of four mini-grid sites in Nigeria, under a lease structure.
  • Engaged with Federal Internal Revenue Service on behalf of China-Africa Investment FTZ with respect to applicable tax exemptions for entities operating within the free trade zone.
  • Advised Infrastructure Credit Guarantee Company Ltd on the stamp duties implication of a bond and guarantee transaction to be issued by a Logistics company.

Technology & Digital Economy
Chukwudi Ofili
chukwudi@detailsolicitors.com

Recent transactional highlights:

  • Advised Sankore Investments, a wealth management firm, on its digital financial investment platform that serves as an investment market place for investing money in treasury bills, stocks, mutual funds and real estate.
  • Advised Big Cabal Media Limited, a digital media company targeted primarily at the millennial audience across Africa, in a $500,000 fundraising series.
  • Advised Lori Systems, a tech-driven logistics services company that seamlessly coordinates haulage across frontiers and utilizes technology, operations and analytics to optimize the logistics process.
  • Advising Datacom International Services Limited, a licensee of the Nigerian Communications Commission on the provision of Value-Added Aggregator services to Nigerian network operators.

  • Banking
  • Construction and materials
  • Energy
  • Financial services
  • Food and beverage
  • Government and public policy
  • Insurance
  • Investment management
  • Media
  • Natural resources
  • Oil and gas
  • Real estate
  • Tech and telecoms
  • Transport
  • Utilities