Nicholas Okafor is co-head of the firm’s Energy practice, and a Partner in the firm’s Banking & Finance, Projects, and Project Finance teams. His other specialisations include labour and employment, projects, securitisation, international capital market issuances (Eurobonds), and infrastructure.
He advises a range of local and international clients on projects relating to the acquisition and refurbishment of brownfield power plants; the construction and establishment of greenfield projects including pipelines and power plants; toll roads; the development of marginal fields, and the construction of central gas processing facilities.
Nicholas has also assisted clients in the negotiation of World Bank Partial Risk Guarantees for gas and power development, and advised on derivative instruments and master agreements, including ISDA documentation, repos and security lending. He has participated in and delivered presentations at several conferences, including the Workshop on The Annotation of Power Purchase Agreements for Power Africa organised by the Commercial Law Development Program of the United States Department of Commerce, and recently contributed to the handbook on Power Purchase Agreements which was published following that workshop. He contributed to the World Bank 2017 Report on Benchmarking Public Procurement.
With a background in litigation, Nicholas has advised and represented various clients in the oil and gas sector in trade union negotiations. He has presented papers on employee relations and conducted seminars on derivatives, security for bank lending, contracts, and loan documentation.
Nicholas is ranked as a leading lawyer in the IFLR1000, and recognised by the Legal 500 and Chambers for his banking and finance practice.
|2013||Partner, Udo Udoma & Belo-Osagie|
|2010||Managing Associate, Udo Udoma & Belo-Osagie|
|2009-2010||Partner, Paul Usoro & Co|
|2003-2008||Senior Associate, Udo Udoma & Belo-Osagie|
|1998||Associate, Udo Udoma & Belo-Osagie|
|1995-1996||Counsel, Dickson D.I. Osuala & Co.|
|1994-1995||Associate, Mbanefo B. Mofunanya & Co, Legal Practitioners|
|1992-1993||Lecturer, Business Law, Katsina State Polytechnic, Katsina State|
|1992||Enugu Division, Anambra State High Court|
|1992||Attachment, Ifeanyi Ukoh & Associates, Legal Practitioners|
|2002||Chartered Institute of Arbitrators Nigeria, MCIArb|
|1992||Nigerian Law School, BL|
|1991||University of Nigeria, Nsukka, LL.B|
|Nigerian Bar Association|
|Maritime Lawyers' Association of Nigeria|
|Chartered Institute of Arbitrators|
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What the market says…
Competent, responsive and pragmatic.
Very knowledgeable in the energy space and works at a high standard.
He is a very sound corporate and commercial attorney and with his litigation background can anticipate preempt potential risk areas.
He is extremely protective of his clients' interests and works extremely hard to make transactions come out beneficial to both sides.
Very responsive and effective.
Professional, versatile, and responsive.
He has a depth of industry knowledge, client relationship management skills and is solution driven.
"He is very thorough, leaves no stone unturned and pays attention to every detail. He always has a solution to every technicality."
"Nicholas is very efficient, good at distilling legal issues presented to him and providing solutions."
"Like a Pitbull once he gets into a problem he does not let it go until he finds a solution. He is always very optimistic."