ǼLEX law firm is one of the largest most diversified law practices in West Africa.
It providescorporate and commercial legal services that include, transactional, regulatory and policy matters. Litigation and dispute resolution services in the corporate and commercial space are also offered.
Clients are predominantly multinational companies. They include banks and multilateral lenders, oil and gas companies, oil service companies, telecommunication companies, insurance companies, trading and manufacturing conglomerates, project owners, EPC contractors, airlines and shipping companies. It also advises foreign embassies, multilateral agencies and chambers of commerce.
Its lawyers are admitted to practice in several jurisdictions including Nigeria, New York, Texas, Ghana, England and Wales. Its lawyers are also qualified in political science, economics and engineering disciplines and posses skills and experience from their involvement in major transactions and projects.
Regular interaction with industry operators means advice is offered in anticipation of, and consistent with, changes in policy and regulation.
Global Rankings and Accolades
ǼLEX has frequently achieved top tier rankings by international directory platforms including: Legal 500, Chambers Global Guide, IFLR 1000's Guide to World’s Leading Law Firms and the Who’s Who Legal Nigeria Firm of the Year (this was achieved a record five consecutive times).
***An overview of Big Data and data protection in Nigeria
The world contains an unimaginably vast amount of digital information and its huge value has made it attractive to governments, companies and even hackers. In this article, Davidson Oturu, a partner at ǼLEX Legal Practitioners and Arbitrators, gives a summary of where Nigeria stands on data protection and privacy. He notes that data protection is an extension of a citizen’s right to privacy under the Nigerian Constitution. He also highlights other laws and regulations on data protection and concludes that all transactions on personal data must comply with the existing regulations.
***Central Bank’s Regulations on End-To-End Electronic Payments
The Central Bank of Nigeria (CBN) recently released the Regulations on End-to-End Electronic Payments for various transactions. Electronic payments drive economic growth and these regulations seek to keep Nigeria at pace with global trends. In this article Tobiloba Oluleye, an associate at ǼLEX Legal Practitioners and Arbitrators, provides an analysis of these regulations. She concludes that, although they are a welcome development, compliance might be a challenge and the CBN will need to adopt measures to drive compliance.
***Fintech Regulations in Nigeria – An Overview (Part 1)
There is a misconception that there are no FinTech Regulations in Nigeria simply because there are currently no regulations with the word ‘FINTECH’ written boldly on their covers. In this article Davidson Oturu, Hannatu Dan-Habu and Kanyinsola Ojeshina, of ǼLEX Legal Practitioners and Arbitrators, unite to consider what legislations exist and how regulators, such as the Central Bank of Nigeria and the Securities and Exchange Commission are exploring ways to adequately regulate FinTech companies operating in Nigeria.
Nigeria was a late starter in the introduction of laws to protect against financial cyber-crime but it is fast catching up. ǼLEX Legal Practitioners and Arbitrators associate, Florence Bola-Balogun, reflects on the Cybercrime (Prohibition, Prevention, Etc.) Act, 2015 against the backdrop of a fast-changing country. In this article she reminds the reader that Africa’s mobile economy will generate more than 7.9% of its GDP by 2025 – effectively impacting about 300 million people. It is therefore imperative that adequate regulation of the cyber space be carried out for all sectors of the economy and not just the banking sector.
***World Intellectual Property Day was marked with a discussion between artists and lawyers at leading West African law firm, ǼLEX
ǼLEX is playing a leading role in protecting intellectual property rights in West Africa. Senior partner Davidson Oturu spoke on the subject at an event marking World Intellectual Property Day recently.
On 28thMarch 2019 President Muhammadu Buhari declined to assent to the National Housing Fund (Establishment) Bill, 2018. The Bill sought to increase the revenue of the National Housing Fund but fell short of creating an enabling environment for the provision of affordable housing for all. In this article Moshood Quadri, an associate at Aelex Legal Practitioners and Arbitrators, examines the President’s reasoning and commends the President’s decision to decline assent. He noted the current NHF Act has not served its purpose but this cannot be corrected by simply throwing more money at the problem.