ADEOLA SUNMOLA

PARTNER

Adeola is a Partner in Udo Udoma and Belo-Osagie’s banking and finance, power, projects and infrastructure (including real estate development), and compliance and investigations teams. Her specialisations include syndicated lending transactions; debt restructuring; financing for power; manufacturing, real estate and infrastructure projects; Islamic finance, as well as anti-corruption compliance and corporate investigations in Nigeria.

She routinely advises local and international clients and banks in connection with financing transactions involving various sectors of the Nigerian economy, including transactions which have “cross-border” elements. She also advises lenders and borrowers on transaction structure, documentation negotiation and perfection of security.

In the power sector, Adeola advises clients on projects relating to the acquisition and refurbishment of brownfield power plants, and the construction and establishment of greenfield projects. She also assists investors with navigating regulatory hurdles, including obtaining permits and licenses, as well as on achieving compliance with anti-bribery and corruption rules and anti-money laundering controls.

Adeola’s strength lies in finding solutions to complex legal issues, and in providing legal support to her clients in a manner that enables them to successfully complete deals.

Adeola contributes to the World Bank’s annual ‘Doing Business in Nigeria’ surveys, and has delivered presentations on Nigerian contract law, real estate development and financing, cross-border lending, secured credit transactions, project finance and compliance with Nigerian laws and regulations on anti-corruption. She, together with a team of experts, collaborated with the Commercial Law Development Program of the United States Department of Commerce in workshops leading to the publication of the book titled “The Annotation of Power Purchase Agreements” for Power Africa, as part of President Obama’s Power Africa Initiative.

Adeola has been recognised as a “Next Generation Lawyer” and noted as a “key figure” in her team by The Legal 500 in its Energy and Natural Resources ranking.

2017Partner, Udo Udoma & Belo-Osagie
2014Managing Associate, Udo Udoma & Belo-Osagie
2012Senior Associate, Udo Udoma & Belo-Osagie
2007Associate, Udo Udoma & Belo-Osagie
2006Counsel, Paul Usoro & Co
2005Intern, Adeyinka Ajayi & Co

2005Nigerian Law School, B.L
2004Olabisi Onabanjo University (formerly Ogun State University), LLB

2005     Nigeria

Nigerian Bar Association

The Value Added Tax Quandary: Which Way to Go

September 14, 2022

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The Middle Eastern and African Arbitration Review (GAR)

July 14, 2022

Uzoma Azikiwe, SAN (Partner), Festus Onyia (Partner), and Michael Ugah (Associate) of the firm’s dispute resolution team, have contributed the Nigerian chapter to the 2022 edition of The Middle Eastern and African Arbitration Review (GAR). The publication is now live; to read it, please click here: https://globalarbitrationreview.com/review/the-middle-eastern-and-african-arbitration-review/2022/article/nigeria. The publication addresses topical issues such as whether […]

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Nigerian chapter of the 9th Edition of GLG Group UK’s International Comparative Legal Guide – Data Protection 2022

July 13, 2022

Jumoke Lambo and Chisom Okolie of our Telecommunications, Media And Technology Team have contributed to the latest Nigerian chapter of the 9th Edition of GLG Group UK’s International Comparative Legal Guide – Data Protection 2022, in which they discussed key privacy and data protection compliance issues under Nigerian law and developments in this sphere. The chapter is free […]

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Fintech update: series 5 – sec new rules on the issuance, offering platforms and custody of digital assets – what you need to know

July 4, 2022

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Highlights of Regulatory Changes in the Fintech Space in 2021

June 24, 2022

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The Companies and Allied Matters Act 2020

June 23, 2022

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Innovations in corporate insolvency in Nigeria under the Companies and Allied Matters Act, 2020 –Insolvency Practitioners

June 23, 2022

 

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Fintech update: series 4 – sec new rules on the issuance, offering platforms and custody of digital assets – what you need to know

June 22, 2022

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The Federal Competition And Consumer Protection Commission Launches Its Merger Notification Portal

June 20, 2022

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Debt Factoring in Nigeria: Structuring, Legal and Regulatory Framework, and Key Considerations

June 15, 2022

The increasing globalisation of the world’s economy and the demand and supply of capital have impacted how businesses operate in today’s market to leverage and unlock the use of scarce resources. Businesses need capital to sustain and upscale their operations to meet the increasing demand for goods and services. In view of the decentralisation of […]

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Fintech update: series 3 – sec new rules on the issuance, offering platforms and custody of digital assets – what you need to know

June 15, 2022

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Debt Factoring in Nigeria: Structuring, Legal and Regulatory Framework, and Key Considerations

June 15, 2022

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Tax disputes in Nigeria: the tax appeal tribunal rules that the federal inland revenue service must always prove why the payment of security deposit is required from a taxpayer.

June 3, 2022

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Tax Update: Withholding Tax Rates on Dividend, Interest and Royalty

May 31, 2022

In 1999 the Federal Government of Nigeria (“FGN”), in its budget statement, indicated that a recipient of interest, dividend and royalty income who is resident in a country with which Nigeria has an effective Double Taxation Agreement (“DTA”) will pay withholding tax (“WHT”) at the rate of 7.5% where such income is derived from Nigeria. […]

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Withholding Tax Rates on Dividend, Interest and Royalty Payment to Residents of Nigeria Treaty Partners

May 31, 2022

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Fintech update: series 1 – sec new rules on the issuance, offering platforms and custody of digital assets – what you need to know

May 27, 2022

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A Party Seeking To Enforce An Arbitral Award In Nigeria Does Not Need To Comply With The Pre-Action Protocol Required Under The High Court Of Lagos State

May 5, 2022

UUBO’s Dispute Resolution team is pleased to share its most recent publication authored by Uzoma Azikiwe, SAN (Partner), Festus Onyia FCIArb, UK (Partner) and Michael Ugah (Associate), which discusses the recent decision of the High Court of Lagos State where the High Court ruled that a party seeking to enforce an arbitral award under the Nigerian Arbitration and Conciliation Act […]

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African Private Equity And Venture Capital Association (Avca) Activity Report 2022

April 26, 2022

Members of Udo Udoma & Belo-Osagie’s Private Equity and Venture Capital and Tax teams, Folake Elias-Adebowale, Temiloluwa Olowu, Kelechi Ibe and Aanu Odunaike, have contributed the “Spotlight on West Africa” segment of the recently issued African Private Equity and Venture Capital Association (AVCA) Activity Report 2022 published this month. The Report is the 8th edition since its first release, and explores the current state […]

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Chambers Global 2022: Energy and Projects Overview

April 21, 2022

UUBO is pleased to have been featured in Chambers Global 2022: Energy and Projects Overview. The publication is a resource for practitioners and investors in Nigeria and provides valuable information about current economic, legal, and political trends affecting the Nigerian Energy and Project space and its key players. Nicholas Okafor (Partner), Adeola Sunmola (Partner), Victor […]

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Chambers Fintech Global Practice Guide

April 19, 2022

Key trends and developments in the Fintech Sector have been identified and analysed by the UUBO Fintech team in an article published in the latest edition of the Chambers Fintech Global Practice Guide. The publication is a great resource for practitioners and investors in the ecosystem and highlights recent regulatory developments – including regulatory sandboxes, as […]

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Impact of the Nigeria Data Protection Regulations (NDPR) Implementation Framework 2020 on the existing provisions of the NDPR

March 29, 2022

Data protection compliance has become an integral part of every organisation that collects and processes personal data. In order to strengthen consumer confidence, organisations are required to ensure that the personal data of their customers are secured from unauthorised access. Join Jumoke Lambo, a Partner of UUBO, who heads the firm’s data protection team, as well as Babatunde olayinka (a […]

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Bowmans Report: M&A in Africa. Current Trends, 2022

March 23, 2022

We are pleased to have contributed on Nigerian developments to the Bowmans (Law Firm)’s Report on Current Trends in M&A in Key African Jurisdictions, which has been published in the Dealmakers Africa M&A Pulse publication. Please click on the following link to download the full report and to read the input provided by Folake Elias-Adebowale, Yinka Edu, Ozofu Olatunde […]

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Tax Update: Income Tax on Profit From Bonds and Short-term Government Securities

February 24, 2022

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Income Tax on Profit From Bonds and Short-term Government Securities

February 24, 2022

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How the Capital Market and the Real Estate Sectors Are Impacted

February 7, 2022

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2021 in Review Highlight of Regulatory Changes in the Fintech Space in 2021

February 3, 2022

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Expiration of the 10-year Tax Exemption for Corporate and Supranational Bonds and Government Debt Securities

January 26, 2022

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Examination of the Central Bank of Nigeria (“CBN”) Guidelines on the Operations of the Pan African Payments and Settlement System in Nigeria

January 21, 2022

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Finance Act 2021 – Major Highlights

January 8, 2022

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The Federal Competition and Consumer Protection Commission Launches Its Merger Notification Portal

October 14, 2021

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Innovations in Corporate Insolvency in Nigeria Under the Companies and Allied Matters Act, 2020 – Insolvency Practitioners

September 24, 2021

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Cama 2020: Compulsory Disposal of Unissued Share Capital by Existing Companies

September 14, 2021

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The Value Added Tax Quandary: Which Way to Go

September 14, 2021

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ICLG International Comparative Legal Guide

August 30, 2021

 

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IFLR1000 31st Edition – Faridah Orimobi

August 27, 2021

We are pleased to announce that our senior associate, Faridah Orimobi has been ranked as a “Rising Star” lawyer by IFLR1000 in the Capital Markets practice area. For more information about Faridah’s work and the areas of specialisation of our other highly regarded lawyers, please email uubo@uubo.org and visit www.uubo.org The rankings report is available to view here: https://lnkd.in/eq8ynj_Y

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IFLR1000 31st Edition – Onyinye Okafor

August 27, 2021

We are pleased to announce that partner, Onyinye Okafor, has been ranked as a “Rising Star Partner” by IFLR1000 in the Banking and Finance practice areas For more information about Onyinye’s work and the areas of specialisation of our other highly regarded lawyers, please email uubo@uubo.org and visit www.uubo.org. The rankings report is available to view here: https://lnkd.in/eq8ynj_Y

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IFLR1000 31st Edition – Christine Okokon Sijuwade

August 27, 2021

We are pleased to announce that our partner, Christine Okokon Sijuwade has been ranked as a ”Rising Star Partner” by IFLR1000 in the M&A practice area. For more information about Christine’s work and the areas of specialisation of our other highly regarded lawyers, please email uubo@uubo.org and visit www.uubo.org. The rankings report is available to view here: https://lnkd.in/eq8ynj_Y

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The Legal Basis For The Award Of Delayed Payment Or Pre-judgment Interest In Debt Recovery Claims In Nigeria

August 18, 2021

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International Women’s Day

August 10, 2021

In commemoration of International Women’s Day, we celebrate our female partners who have been…

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Deal Announcement: Tangerine Life Insurance Limited and ARM Life PLC

August 5, 2021

UUBO is pleased to have advised Tangerine Life Insurance Limited and ARM Life PLC on

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Fintech Corner – The Growth Of E-commerce In Nigeria

August 2, 2021

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NDPR – Data Privacy for Nigerian Businesses

July 19, 2021

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The Intellectual Property Manual That Every Nigerian Business Needs

July 5, 2021

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FIRS Issues Information Circulars on provisions of tax laws amended by the Finance Act, 2020

July 2, 2021

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Data Localization Laws: Nigeria, Practical Law Country Q&A

July 1, 2021

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Do You Provide Robo Advisory Services? You Should Be Aware of this Proposed Regulation!

June 23, 2021

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Deadline for filing Capital Gains Tax Returns

June 22, 2021

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ICLG International Comparative Legal Guide – Fintech 2021

June 17, 2021

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To succeed as a social media influencer, here’s what you need to know

May 25, 2021

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Startups – 8 things you need to know about Vesting

May 11, 2021

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Registering Bosslady – An Insight into Trademarks Under Nigerian Law

April 28, 2021

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The International Comparative Legal Guide – Employment & Labour Law 2021

April 27, 2021

UUBO’s Jumoke Lambo (partner) and Victoria Agomuo (associate) are proud to share their most recent publication, the Nigerian chapter of The International Comparative Legal Guide – Employment & Labour Law 2021. The chapter provides timely and insightful answers to topical questions about employment in Nigeria, and can be accessed for free here: https://lnkd.in/evEemuW

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SMEs – TINs, TCCs and Understanding Tax Registration

April 19, 2021

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Naming Your Business – Tips To Know

April 12, 2021

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Terms And Conditions – What You Need To Know

March 29, 2021

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CMS Guide to Anti-Bribery and Corruption Laws (1)

March 24, 2021

UUBO’s Compliance and Investigations team is pleased to be a key contributor to the sixth edition of the CMS Guide to Anti-Bribery and Corruption Laws. The Guide covers and assesses anti-bribery and corruption laws in 45 countries and provides a snapshot of contrasting global regimes across different jurisdictions in Europe, Asia, the Middle East, South […]

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CMS Guide to Anti-Bribery and Corruption Laws

March 15, 2021

UUBO’s Compliance and Investigations team is pleased to be a key contributor to the sixth edition of the CMS Guide to Anti-Bribery and Corruption Laws. The Guide covers and assesses anti-bribery and corruption laws in 45 countries and provides a snapshot of contrasting global regimes across different jurisdictions in Europe, Asia, the Middle East, South […]

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What happens after you incorporate your start-up?

March 15, 2021

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Giving Back – Setting up an NGO in Nigeria

March 15, 2021

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Afriwise’s International Women’s Day

March 12, 2021

UUBO’s Ozofu Olatunde Ogiemudia (partner) is pleased to be featured in Afriwise’s International Women’s Day campaign, Women in Law 2021. Joining lawyers from Zambia, Mozambique, Kenya and Ghana, Ozofu shares some career success tips for female lawyers who are starting out in their legal careers. To read her career tips, click here https://lnkd.in/d3Tj8Pf #womeninlaw#iwd2021

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Rise in Pro Bono Uptake Brings its Own Challenges in Nigeria

March 5, 2021

UUBO’s pro bono team is pleased to share its recent publication titled Rise in Pro Bono Uptake Brings its Own Challenges in Nigeria, published by Thomson Reuters Foundation’s global pro bono legal program, TrustLaw. Authored by Uju Ude (associate), the article explores the impacts of recent changes in the pro bono landscape in Nigeria, including the increasingly […]

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What You Need To Know About Issued Share Capital In The Cama 2020

March 4, 2021

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Review of The Regulatory Framework for Open Banking in Nigeria

March 3, 2021

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Fintech Update: Diaspora Remittances In Nigeria, Review Of The Final Framework For Regulatory Sandbox Operations In Nigeria And Summary Of The Revised Licence Categorisation For Operators In The Nigerian Payments System

February 26, 2021

UUBO’s FinTech team is pleased to share its recent updates on the CBN Regulatory Sandbox Framework, Disapora Remittances and Payments Categorisation in Nigeria. In these updates Yinka Edu and Bond Eke-Opara review the emergence of a regulatory sandbox framework for the Nigerian FinTech market as well as the recent changes in diaspora remittances and payments […]

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Chambers and Partners Global Guide 2021 – Yinka Edu

February 21, 2021

Udo Udoma & Belo-Osagie is pleased to announce that our Fintech, Banking & Finance and Capital Markets teams’ partner, Yinka Edu has been ranked in Chambers and Partners Global Guide 2021 for her Banking & Finance, Corporate/Commercial and Capital Markets practice.  

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Chambers and Partners Global Guide 2021 – Folake Elias-Adebowale

February 21, 2021

Udo Udoma & Belo-Osagie is pleased to announce that our Private Equity, M&A and Oil & Gas teams’ partner, Folake Elias-Adebowale has been ranked in Chambers and Partners Global Guide 2021 for her Corporate/Commercial; and Projects & Energy (Oil and Gas) practice. For more information about Folake’s work and the areas of specialisation of our other highly regarded lawyers, […]

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Chambers and Partners Global Guide 2021 – Aniekan Ukpanah

February 21, 2021

Udo Udoma & Belo-Osagie is pleased to announce that our Banking & Finance and Real Estate teams’ partner, Aniekan Ukpanah has been ranked in Chambers and Partners Global Guide 2021 for his Banking & Finance practice. For more information about Aniekan’s work and the areas of specialisation of our other highly regarded lawyers, please email uubo@uubo.org and […]

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Chambers and Partners Global Guide 2021 – Dan Agbor

February 21, 2021

Udo Udoma & Belo-Osagie is pleased to announce that our Banking & Finance and Capital Market teams’ partner, Dan Agbor has been ranked in Chambers and Partners Global Guide 2021 for Banking & Finance, Corporate/Commercial and Corporate/Commercial: Capital Markets: Spotlight Table. For more information about Dan’s work and the areas of specialisation of our other highly regarded lawyers, please […]

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What Every Director of a Public Company in Nigeria Should Know 2.0

February 19, 2021

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3 Key Things to Know as a Start-up Looking to Recruit Employees

February 17, 2021

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The New Face of Vat in Nigeria – an Update on the Finance Act 2020

February 15, 2021

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Memorandum: What You Need To Know About Issued Share Capital In The Cama 2020

February 5, 2021

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20 Outstanding Nigerian Women in Business Law

January 29, 2021

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Fintech Update: Framework for Quick Response Code Payments in Nigeria

January 27, 2021

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Smes: the 5 Taxes You Need to Pay as a Business

January 15, 2021

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The Impact of the Securities and Exchange Commission’s Statement on Cryptocurrencies on Smes, Start-ups and Small Businesses

December 24, 2020

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Newsletter – Dialogue On Finance Bill – Covid-19 And Its Implications For Smes

December 24, 2020

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The Companies and Allied Matters Act 2020 – What Every Director of a Public Company in Nigeria Should Know

December 15, 2020

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Uzoma Azikiwe – Senior Advocate of Nigeria

December 15, 2020

UUBO is very proud to announce that Uzoma Azikiwe, (partner and practice head, Dispute Resolution), has recently been elevated to the rank of Senior Advocate of Nigeria by the Legal Practitioners’ Privileges Committee (LPPC). All of us at UUBO heartily congratulate Uzoma on this well-deserved conferment and wish him continued success in his exemplary career […]

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Recovery of Outstanding Taxes From Taxpayers

December 9, 2020

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Companies and Allied Matters Act 2020

December 1, 2020

UUBO’s Corporate Advisory team is proud to present its 12- part CAMA 2020 Series, providing timely and illuminating insights into the recently enacted Companies and Allied Matters Act 2020, which has revolutionised company law in Nigeria. To access parts 1 – 12 of the Series, click here: CAMA 2020 Series 1-12 A video interview by Ozofu […]

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UUBO Series on the Companies and Allied Matters Act 2020 Parts 1-12

November 26, 2020

UUBO’s Corporate Advisory team is proud to present its 12- part CAMA 2020 Series, providing timely and illuminating insights into the recently enacted Companies and Allied Matters Act 2020, which has revolutionised company law in Nigeria. To access parts 1 – 4 of the Series, click here: CAMA 2020 Series 1-12

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Update on the Federal Competition and Consumer Protection Act

November 26, 2020

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UUBO SERIES ON THE COMPANIES AND ALLIED MATTERS ACT 2020 PART 1-12

November 26, 2020

UUBO’s Corporate Advisory team is proud to present its 12- part CAMA 2020 Series, providing timely and illuminating insights into the recently enacted Companies and Allied Matters Act 2020, which has revolutionised company law in Nigeria. To access parts 1 – 4 of the Series, click here: CAMA 2020 Series 1-12

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Interview: CAMA Act 2020 – Ozofu ‘Latunde Ogiemudia

October 30, 2020

UUBO is pleased to share this video interview by Ozofu Olatunde Ogiemudia (partner), in which she discusses the recently enacted CAMA Act 2020 with Afriwise, a leading digital legal publication. In this interview Ozofu, who chaired the technical advisory committee that prepared the draft CAMA bill, discusses the necessary updates to the original Act passed in 1990, […]

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(AVCA) Legal and Regulatory Committee on merger control in Africa

October 30, 2020

UUBO’s Christine Okokon Sijuwade (partner) and Faridah Orimobi (senior associate) were co-contributors to the latest publication by the African Private Equity and Venture Capital Association’s (AVCA) Legal and Regulatory Committee on merger control in Africa. Christine and Faridah, alongside other Nigeria lawyers, contributed to the Nigerian perspective on competition law arrangements, including notification requirements, filing fees, […]

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Freedonia 2018 Report

October 13, 2020

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CAMA & the Role of Lawyers in Shaping the Future of Nigeria

October 7, 2020

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The Nigeria Chapter in The Transfer Pricing Law Review

September 25, 2020

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UUBO Series on the Companies and Allied Matters Act 2020 Part 1-12

September 23, 2020

UUBO’s Corporate team is proud to present its 12-part series on the recently-enacted Companies and Allied Matters Act 2020. The series provides timely and illuminating insights into the CAMA 2020, which has revolutionised company law in Nigeria. To access all 12 parts in the series, click here: https://lnkd.in/e-Uq9mj

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Nigeria: Private Equity Laws and Regulations 2020

September 18, 2020

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20 Innovations in The Companies And Allied Matters Act 2020

August 14, 2020

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Cama 2020 – Highlights Of Changes In Post Incorporation Matters And Statutory Filings

August 12, 2020

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Nigeria Rethinks Local Content: The Senate’s Nigerian Oil And Gas Content Development (Amendment) Bill 2020 (And How It Compares With The House Of Representatives’ Nigerian Content Development And Enforcement Bill 2019)

July 12, 2020

NIGERIA RETHINKS LOCAL CONTENT: THE SENATE’S NIGERIAN OIL AND GAS CONTENT DEVELOPMENT (AMENDMENT) BILL 2020 (AND HOW IT COMPARES WITH THE HOUSE OF REPRESENTATIVES’ NIGERIAN CONTENT DEVELOPMENT AND ENFORCEMENT BILL 2019) Not for the first time in the history of local content lawmaking in Nigeria, and with the benefit of a decade’s experience seeking to […]

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Nigeria Rethinks Local Content: The Senate’s Nigerian Oil And Gas Content Development (Amendment) Bill 2020 (And How It Compares With The House Of Representatives’ Nigerian Content Development And Enforcement Bill 2019)

July 12, 2020

Not for the first time in the history of local content lawmaking in Nigeria, and with the benefit of a decade’s experience seeking to interpret, implement, comply with and enforce the discrete, petroleum sector-focused Nigerian Oil and Gas Industry Content Development Act 2010, the Nigerian Senate and House of Representatives are concurrently deliberating on separate […]

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PE Summit 2020 – Confirmed Speaker (1)

January 7, 2020

PE Summit 2020 – Confirmed Speaker (1) Join us as we discuss ‘Drivers, Disruptors & Unlocking Value’ in the Nigerian marketplace at the 2nd hashtag#UUBOPESUMMIT on January 31, 2020. This event is strictly by invitation. Limited seats are available. Click here https://lnkd.in/g3uf35t to RSVP.

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PE Summit 2020 – Confirmed Speaker (2)

January 7, 2020

PE Summit 2020 – Confirmed Speaker (2) Join us as we discuss ‘Drivers, Disruptors & Unlocking Value’ in the Nigerian marketplace at the 2nd hashtag#UUBOPESUMMIT on January 31, 2020. This event is strictly by invitation. Limited seats are available. Click here https://lnkd.in/g3uf35t to RSVP.

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Uubo Private Equity Summit: ‘drivers, Disruptors and Unlocking Value’

January 7, 2020

It is our pleasure to invite you, on behalf of our partners, to Udo Udoma & Belo Osagie’s 2nd Private Equity Summit and Fund Raising and Deal Academy, which is scheduled to take place on January 30 and 31, 2020 respectively with the theme “Drivers, Disruptors and Unlocking Value”.  These invitation-only events are the latest […]

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Tax Update on the 2019 Finance Bill

December 20, 2019

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FIRS Issues Information Circular on the Claim of Tax Treaty Benefits in Nigeria

December 13, 2019

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