ADEOLA SUNMOLA

Practice area/s
Power, Infrastructure and Projects

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.

Adeola co-led the team that advised the syndicate of lenders on a facility utilised for the construction of a 2.5 million metric tonne cement plant and the refinancing of the facility; advised the syndicate of lenders and the equity providers in connection with the financing and development of a 27,000 sq. m prime office space development in Lagos; advised a regional telecommunications company in relation to a facility by Afrexim and a syndicate of lenders; advised Standard Chartered Bank on a facility to an indigenous oil and gas services company; and advised the trustees in relation to the most recent debut sovereign sukuk issuance. She also recently led the team that advised an international energy group, and a syndicate of lenders, on a US$530 million facility to an indigenous exploration and production company.

As part of the work she does in the power sector, she 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 (2018).

Sector Specialty 
Banking
Power, Infrastructure and Projects including Real Estate 

Practice Areas
(1) Banking and Finance
(2) Real Estate Development and Finance
(3) Power, Infrastructure and Projects
(4) Compliance and Investigations

Career

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

 

Qualifications

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

Bar admissions

2005      Nigeria

    

Professional membership

Nigerian Bar Association