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Sefton Fross will assist up to 20 qualifying Eligible Borrowers access CBN’s N50 Billion Targeted Credit Facility Pro bono.

Sefton Fross Covid-19 CSR

The corona virus (COVID-19) pandemic has had far-reaching effects on the global economy ranging from the plummet in the global crude oil prices, imbalance in the stock and financial market across the globe, extensive ban on movements, bans on gatherings, international travel restrictions across the world which without doubt have had adverse and detrimental impact on business activities, livelihood of households. In a bid to cushion these effects, the…

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SEFTON FROSS has advised Conex Oil and Gas Holdings on its acquisition of Total Sierra Leone and Total Liberia.

Sefton Fross advices Conex Group

SEFTON FROSS has advised Conex Group, investing through Conex Oil and Gas Holdings Limited, on its acquisition of Total Sierra Leone and Total Liberia from French petroleum giant, Total.   The acquisition will position Conex Group to become a market leader in the importation and marketing of petroleum products, and according to the CEO, Mr Cherif Abdallah, “will create jobs and promote development in the areas into which we…

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$4m: SunFunder makes first investment in
Nigeria with Daystar Power

Sefton Fross - SunFunder makes first investment in Nigeria with Daystar Power

Sefton Fross has advised Sunfunder – a solar finance company providing debt capital to solar enterprises in emerging markets, on its first investment in Nigeria with up to US$4million facility to Daystar Power, a commercial and industrial (C&I) solar developer.  The investment will be used to provide solar power and energy efficiency solutions for businesses in the commercial, industrial, and agricultural sectors in Nigeria.    With a recent study by Bloomberg New Energy Finance signifying that Nigeria has the largest potential for C&I solar in Africa because of the…

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Sefton Fross Advises on Eat N’ Go N15Billion
bond programme

SEFTON FROSS ADVISES ON EAT N’ GO N15BILLION BOND PROGRAMME

Sefton Fross has advised as Solicitors to the Trustees of the Eat N’ Go Limited N15,000,000,000 (Fifteen Billion Naira) Bond Issuance Programme and issuance of the N11.500,000,000 (Eleven Billion, Five Hundred Million Naira) Series 1, 14.25% Fixed Rate Senior Unsecured Bonds. Eat ‘N’ Go Limited are the franchise holders for Domino’s, Cold Stone Creamery & Pinkberry Ventures, Inc in Nigeria. The Programme was established and issued by Eat &…

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Sefton Fross advises on the TAK Logistics Limited’s N50 Billion Bond Programme

Sefton Fross advises Tak Logistics on its N50 Billion Bond programme

Sefton Fross has advised as Solicitors to the Trustees of the TAK Logistics Limited N50,000,000,000 (Fifty Billion Naira) Bond Issuance Programme.  TAK Logistics Limited is a major player in Nigeria’s agricultural value chain and a major fertilizer company with a combined capacity of almost one million tonnes.  The Programme was established by TAK Agro Plc, a special purpose vehicle of TAK Logistics. The company successfully closed the N15,000,000,000 (Fifteen Billion Naira) Series 1 16.49% Fixed Rate Senior Secured…

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Arbiterz Nigeria – a premium digital lifestyle magazine sits down for a Lunch Hour interview with our Managing Partner – Yemi Anyanechi

Sefton Fross managing partner

Our Managing Partner Olayemi Anyanechi, sat down for an interview with Arbiterz Nigeria, a premium digital lifestyle magazine, highlighting her journey from MBC International Bank Limited to Sefton Fross. Get inspired as she tells her story in her own words.  Read the interview here,    

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Sefton Fross advises TLG Capital Investments Limited and Stichting Medical Credit Fund on their growth capital investment in Express Pharmacy

Sefton Fross has advised TLG Credit Opportunities Fund (Cayman) – an open-ended debt vehicle, and Stichting Medical Credit Fund, on its growth capital investment in Express Pharmacy, a Lagos-based mass market pharmacy retail chain.   The growth capital will be used to expand Express Pharmacy’s footprint across Lagos with the roll out of new pharmacies along busy commuter routes and in under-served communities across Lagos.   The Transaction furthers both Lenders’ continued commitment to healthcare…

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Sefton Fross advised Royal Exchange General Insurance Company Limited on the $10 million acquisition of 39.25% stake in the company

Sefton Fross has advised Royal Exchange General Insurance Company Limited (REGIC) on the InsuResilience Investment Fund’s (IIF) agreement to acquire a 39.25% stake in REGIC. The investment has been approved by the National Insurance Commission. REGIC, a subsidiary of Royal Exchange Plc, is a leading player in agriculture insurance. The proceeds of the investment will help REGIC to spur growth by increasing its risk capital and supporting its underwriting…

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Sefton Fross has advised Prudent Energy and Services Limited on its Successful Acquisition of a 74.02% Equity Stake in Forte Oil Plc.

Sefton Fross advised Ignite Investments and Commodities Limited, an affiliate of Prudent Energy and Services Limited, on its acquisition of 74.02% of the issued share capital of Forte Oil Plc, beneficially owned by Femi Otedola, CON. Forte Oil Plc is one of Nigeria’s leading downstream oil and gas companies. Ignite Investments and Commodities Limited will take over a controlling stake in Forte Oil Plc, as it has received all…

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Sefton Fross advises New Hampshire Capital Limited on its Partnership with the Ikeja Electricity Distribution Company as a Meter Asset Provider (MAP)

Sefton Fross advised New Hampshire Capital Limited, a Meter Asset Provider, on its Partnership with the Ikeja Electricity Distribution Company as a Meter Asset Provider (MAP), in line with the policy of the Federal Government and the Nigerian Electricity Regulatory Commission (NERC) to bridge the metering gap in the country. The policy evolved from the need to provide lasting solution to the problem of estimated billing. According to the…

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NAICOM (the regulator for the Nigerian insurance sector) increases the required Minimum Paid-up Capital for Insurance Companies in the Country

The regulator for the Nigerian insurance sector, National Insurance Commission (NAICOM) has increased the minimum paid-up capital of insurance companies by over 200% in a circular released on May 20 2019. The new guidelines are coming after NAICOM’s failure in its initial bid to shore up the minimum operating capital of insurance firms through its Tier Base Minimum Solvency Capital. In the new capital base, Life insurance companies will…

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Sefton Fross’ Managing Partner has been appointed Regional Representative Africa of the IBA Power Law Committee

Our Managing Partner, Olayemi Anyanechi, has recently been appointed as the Regional Representative Africa of the Power Law Committee of the International Bar Association (IBA) to serve from 1st January, 2019 to 31st December, 2020. The mission of the Power Law Committee is to provide a forum where energy lawyers with different legal backgrounds from around the world can interact and learn from one another in a setting encouraging collegiality…

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Presentation of the One Hundred Billion Naira Sukuk Proceeds

Mrs. Olayemi Anyanechi; Managing Partner, Sefton Fross pictured with Babatunde Fashola, the Minister of Works; Zainab Ahmed, Minister of Finance and Patience Oniha, the Director General of Debt Management Office at the presentation of N100,000,000,000.00 (one hundred Billion naira) 2018 Sovereign Sukuku Symbolic Cheque at the Federal Ministry of Power, Works and Housing in Abuja on 10th January 2019.

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Sefton Fross acts as Joint Legal Adviser to the Debt Management Office on the N100,000,000,000 Federal Government of Nigeria Sukuk II Issuance

Sefton Fross has once again acted as Joint Legal Adviser to the Debt Management Office (DMO) on the Federal Government of Nigeria (FGN) N100,000,000,000.00 (One Hundred Billion Naira) Sovereign Non-Interest Financing instruments (Sukuk) issuance in the domestic capital markets, following the success of the first FGN Sukuk Bond issuance in 2017. The issuance of the Sukuk is through the FGN Roads Sukuk Company 1 PLC, a Special Purpose Vehicle jointly set-up…

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Sefton Fross advises TLG Credit Opportunities Fund’s (Cayman) on the US$10 million Structured Credit Deal with Atlas Mara Limited

Sefton Fross has advised as Nigerian legal counsel to TLG Credit Opportunities Fund (TLG), an open-ended investment vehicle, on its US$10Million structured credit deal with Atlas Mara Ltd, a Pan African financial services company. The new capital is for general corporate purposes and for further investments in Atlas Mara Digital (Fin-Tech), Atlas Mara Global Markets and Treasury (GMT). Sefton Fross’ Team advisory role on the transaction included advising on the Transaction…

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Sefton Fross has advised Ignite Investments and Commodities Limited on its Proposed Acquisition of 75% Shares from the Majority Shareholder in Forte Oil Plc. Downstream Business

Sefton Fross has advised Prudent Energy and Services Limited, investing through Ignite Investments and Commodities Limited, on its agreement with Mr. Femi Otedola (CON), the Majority Shareholder in Forte Oil PLC, to acquire the 75% direct and indirect holdings of the Majority Shareholder the in Forte Oil’s downstream businesses. The Transaction is expected to close in the First Quarter (Q1) of 2019 subject to the satisfaction of various conditions and…

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Sefton Fross advises on Fidelity Bank Plc’s NGN30 billion Bond Issuance

Sefton Fross advised on the N30 Billion 16.48% Fixed Rate Subordinated Unsecured Bond issued by Fidelity Bank Plc., a commercial bank in Nigeria. The Bond, due 2022 constitutes Tier 2 capital of the Bank and would be used to finance Small and Medium Enterprises and boost the bank’s retail infrastructure. Sefton Fross acted as Solicitors to FBN Trustees Limited, UBA Trustees Limited, and Stanbic IBTC Trustees Limited, the Trustees to the…

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Sefton Fross advises Mobile Media Info Tech Limited (MMIT) on its innovative Mobile Money E-commerce Payment Platforms

Sefton Fross advised MMIT, a mobile money processing company on its innovative mobile money e-commerce payment platforms. The Firm assisted MMIT in putting together its legal documentation for the collaboration with Firstmonie, and other merchant and payment aggregators to deploy MMIT’s mobile payment platform which enables users to shop online through their mobile money wallets and make payments anywhere in the world. MMIT with its M-Iflo product, was nominated for…

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Sefton Fross advises Gemrock Management Company Limited on its Strategic Acquisition in Standard Alliance Insurance Plc.

Sefton Fross has advised Gemrock Management Limited (“Gemrock”) on its strategic acquisition of a controlling interest in Standard Alliance Insurance Plc (“Standard Alliance”); a company listed on the Nigerian Stock Exchange (“NSE”) and one of the leading insurance companies in Nigeria. The Sefton Fross team was led by Olayemi Anyanechi, assisted by Peter Achunine Chester Odagwe, Olufunmilola Ajayi and Alexander Osondu.

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Sefton Fross advises TLG Credit Opportunities Fund’s (Cayman) on its Two Year US$10 million Structured Credit Deal with Atlas Mara Limited

Sefton Fross advised TLG Credit Opportunities Fund (TLG), an open-ended investment vehicle, on its two years structured credit deal with Atlas Mara Ltd, a Pan African financial services company. With Union Bank being Atlas Mara’s largest asset, this deal presents TLG with opportunities to benefit from the rising credit growth and consumer activity in the country.The transaction has been touted as a huge step forward in the continued efforts to…

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Sefton Fross awarded Business Day’s Top 100 Fastest Growing SMEs in Nigeria

The newspaper praised the firm for demonstrating “business excellence”, “a high level of innovation” as well as for its “direct positive impact on its community.” Sefton Fross is a leading full-service law firm in Nigeria, providing services to diverse clients, ranging from banks and other financial institutions, local and multinational conglomerates and investors, government, and high net worth individuals. We at Sefton Fross are honoured by this award and…

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Sefton Fross advises TLG Capital Investments Limited on Their US$11.5 million Investment in Grace Lake Partners

Sefton Fross advises TLG Capital Investments Limited on Their US$11.5 million Investment in Grace Lake Partners. Sefton Fross has advisedTLG Credit Opportunities Fund (Cayman) – an open-ended debt vehicle, on its US$11.5Million (Eleven Million Five Hundred Thousand Dollars) investment in Grace Lake Partners, a Nigerian marketing communication, investment and advisory services provider. The new capital will be used to fund expansion of GLP’s existing businesses. This includes expanding the geographical…

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Sefton Fross contributes to Nigeria’s performance in the Ease of Doing Business Report recently released by the reputable World Bank

Like any other country, Nigeria is making efforts at self-development. And although it may look like there are no corresponding improvements, we sometimes come across some internationally-recognized accomplishments that reinforce the faith of those of us who are ardent believers. Take for example, Nigeria’s performance in the Ease of Doing Business report recently released by the reputable World Bank, titled “Doing Business 2018: Reforming to create jobs”. The report…

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