The New Practice


49, Raymond Njoku Street
Ikoyi, Lagos,

+234 01 271 9945

Key contacts:

Managing Partner: Baba Alokolaro
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Partner: Babajimi Ayorinde
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Quick facts:

Number of lawyers: 13
Network memberships: Nigerian Bar Association, Capital Market Solicitors Association, Africa Private Equity & Venture Capital Association, International Bar Association, Chartered Institute of Arbitrators Nigeria UK
Languages: English, Yoruba and Hausa

TNP is known for innovative solutions in the Banking, Finance, Capital Market, Corporate, Commercial M&A space. At the core of our firm is a strong team, who in their individual rights are leaders in their various fields and have distinguished themselves to our clients and their peers. We are further distinguished by the fact that we continually strive to understand our clients’ respective businesses, industries and their peculiar needs which we then use to tailor our services in order to develop and deliver innovative, efficient solutions and alternatives towards achieving their financial and business goals. 

By providing strong counsel based on the depth of our knowledge of the law, we enable our clients achieve remarkable results evidenced by some of the ‘Firsts’ achieved locally.

Everything about us is dynamic, which is why we are constantly changing the legal landscape by providing revolutionary ideas and solutions that have caught the attention of legal journals, local and international firms. 

We are not just lawyers, we are strategic business advisers.

  • Private Equity
  • Capital Markets
  • M&A
  • Corporate Finance
  • Project Finance
  • E-Commerce
  • Dispute Resolution
  • Energy & Natural Resources
  • FinTech

Capital Markets, Private Equity, M&A, Corporate Finance:
A. Baba Alokolaro 

B. Bukola Bankole

Energy & Natural Resources, Dispute Resolution, FinTech:
A. Babajimi Ayorinde

Recent transactional highlights:

  • Advisers on a debt & equity project financing of the largest sports, events and retail space arena in West Africa worth circa US$70 Million;
  • Solicitors to a leading Private Equity Fund on its US$2.4 Million investment in one of Nigeria's foremost Commodities Exchanges;
  • Solicitors to the Trustee in a N30 Billion Bond Issuance Programme of an Africa-focused integrated digital payments and commerce company;
  • Solicitors to One Finance & Investment (Carbon), a digital financial lender, in its first internationally backed commercial debt facility, aimed at transitioning the company into a full-service digital bank;
  • Advisers to a natural gas infrastructure company on its N50 Billion Bond Issuance Programme. 
  • Solicitors to the Issuer in respect of a N100 Billion Bond Issuance Programme by a leading merchant bank;
  • Advisers to Wakanow, one of West Africa’s largest online travel agencies on a management buyout and subsequent investment of approximately US$40M by NASDAQ listed Carlyle Group, a global alternative asset manager;

  • The Largest Single Financial Transaction in Nigerian Financial History  – TNP acted as joint-solicitors to the Issuer (Series II Bonds) in the Asset Management Company of Nigeria’s (“AMCON”) N 2, 067, 617, 117, 000.00 (Two Trillion, Sixty-Seven Billion, Six Hundred and Seventeen Million One Hundred and Seventeen Naira) Zero Coupon Series II Bonds issued under the N 4, 500, 000, 000, 000.00 (Four Trillion Five Hundred Billion Naira) AMCON Debt Issuance Program;
  • Enforcement of International award under the New York Convention – Enforced for the first time in Nigeria an International Arbitration Award (made in London) under the New York Convention;
  • First-of-a-kind Registration Worth N40 Billion – We acted as Solicitors to the Issue in respect of Flour Mills of Nigeria Plc’s rights issue by way of Shelf Registration (equity) with a view to raising N40 Billion;
  • Acted as Solicitors to the Transaction in respect of Flour Mills of Nigeria's N70 Billion Bond Issuance Programme.
  • Consumer goods and services
  • Financial services
  • Food and beverage
  • Investment management
  • Real estate
  • Tech and telecoms 
  • Energy
  • Industrials
  • Oil and gas