Industry
Commercial Banking
Regulatory, transactional and disputes advice for banks and their customers.
Overview
Banks operate under close supervision by the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation. We advise banks on regulation, lending and recovery, and represent banks and customers in disputes.
We advise on the Banks and Other Financial Institutions Act 2020, CBN licensing and prudential guidelines, recapitalisation, corporate governance and consumer protection rules. We document facilities and security, review products and customer terms, and advise on anti-money laundering and data protection compliance.
We represent banks and customers in debt recovery, enforcement of security, fraud and account disputes and regulatory proceedings, at all levels up to the Supreme Court.
What we do
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Regulatory Compliance
Advising on regulatory requirements and compliance issues affecting commercial banks, ensuring adherence to banking laws, regulations, and industry standards.
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Lending Transactions
Assisting clients in structuring and negotiating lending transactions, including syndicated loans, project finance, asset-based lending, and trade finance, to facilitate capital deployment and business growth.
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Loan Documentation
Drafting and reviewing loan agreements, security documents, and other lending-related contracts to protect the interests of lenders and borrowers and ensure legal enforceability.
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Credit Facilities
Advising on the establishment and management of credit facilities, including lines of credit, revolving credit facilities, term loans, and letters of credit, to meet the financing needs of clients.
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Debt Restructuring
Providing legal counsel on debt restructuring and workouts, assisting clients in renegotiating loan terms, restructuring debt obligations, and resolving financial distress situations.
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Securities Offerings
Assisting commercial banks in structuring and executing securities offerings, including debt securities, equity securities, and hybrid instruments, to raise capital and comply with securities laws and regulations.
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Mergers and Acquisitions
Advising on mergers, acquisitions, and strategic transactions involving commercial banks and financial institutions, guiding clients through the transaction process and ensuring regulatory compliance.
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Corporate Governance
Providing guidance on corporate governance matters, board governance, risk management, and compliance frameworks to enhance transparency, accountability, and regulatory oversight.
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Dispute Resolution
Representing clients in commercial banking-related disputes, including loan defaults, breach of contract claims, regulatory investigations, and enforcement actions, advocating for their interests in litigation and alternative dispute resolution proceedings.
Our team
FAQs
Principally the Banks and Other Financial Institutions Act 2020 and the Central Bank of Nigeria Act 2007, together with the CBN’s regulations, circulars and guidelines.
Yes, up to the limits set by the Nigeria Deposit Insurance Corporation for each category of institution.
First to the bank itself. If the complaint is not resolved, it can be escalated to the CBN’s consumer protection department, and the customer can still go to court.