Finance, Policy & Private Sector Excellence
My early professional years were spent in investment banking—Afrinvest, Vetiva Capital, and Fidelity Bank. I worked on some of Nigeria’s biggest deals at the time:
Fidelity Bank PLC: Corporate Banking, Power & Infrastructure
(Listed Bank in Nigeria)
Corporate Banking, Power & Infrastructure
Lagos, Nigeria
Relevant Transaction Experience
- Sole Financer of the Distribution Infrastructure to transmit & distribute the generated power via a dedicated electrical distribution network, to Lagos State Government (“LASG”) facilities along the Ikeja, G.R.A corridor of the State Distribution of an Independent Power Plant (“IPP”) gas-fired, Captive Power Plant with 8.8MW of installed capacity in G.R.A Ikeja, Lagos. Facility Amount N1.55 Billion;
- Sole Financier to the 10.4MW IPP Alausa Power Limited associated infrastructure and revamp of the existing LASG electrical distribution facility. Facility Amount N3.2 Billion;
- Participated actively in the Privatization Process of the Distribution Companies in the Power Industry. Distribution Companies (“DisCo”) financed solely by Fidelity Bank and as part of a consortium include Benin Electricity DisCo (Vigeo Power Limited), Kano Electricity DisCo (Sahelian Power Limited), Kaduna Electricity DisCo (Northwest Power Limited); and
- Participated actively in the Privatization Process of the Generation Companies in the Power Industry. Generation Companies (“GenCo’s) financed are Ughelli Power Plc (Transcorp Consortium)
- Developed the Investing in Nigeria Healthcare Industry Handbook for Power & Infrastructure Corporate Division
AFRINVEST (WEST AFRICA) LIMITED
(An investment banking firm in Lagos with a focus in West Africa) Investment Banking Division- Senior Analyst
Lagos, Nigeria
Relevant Transaction Experience
- Financial Adviser and Lead Arranger on the acquisition of a Successor Distribution Company in the FGN, BPE and NERC led unbundling of the Power Holding Company of Nigeria (“PHCN”);
- Financial Adviser to the group restructuring of a top-tier Nigerian Bank into a Financial Services Holding Company in line with CBN directives;
- Financial Advisers and Lead Arrangers to the Greenfield 500MW Thermal Power Plant to be located in Edo State;
- Local Arranger to the $500mm Capital raising for a fast-growing indigenous oil and gas exploration production company involving a potential dual listing on both the London Stock Exchange (“LSE”) and the Nigerian Stock Exchange (“NSE”);
- Lead Issuing House to the Asset Management Corporation of Nigeria (AMCON) Series 3 (N88Billion) and Series 4 (N1.37Trillion) bond issued for the recapitalization of rescued banks (2011);
- Financial Adviser and Lead Arranger for the issuance of N25 Billion (US$166.7 Million) Edo State Fixed Rate Infrastructural Development Bond 2010/2017 (2010);
- Sole Financial Arranger of the Afrinvest Principles and Values offer of 80,000,000 Preferred Shares at N25.00 (2011);
- Member of the Afrinvest Strategy Execution Team responsible for originating presentations for Board Meetings, Annual and Quarterly General Meetings, Afrinvest specific transactions etc.
