Best Project Finance Lawyers in Lekki

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WIGWE & PARTNERS
Lekki, Nigeria

Founded in 2000
50 people in their team
English
A one-stop commercial/corporate savvy firm with expertise on a broad spectrum of practice areas, configured to effectively cover a wide range of clients’ diverse concerns, while we remain focused in resolving clients’ bespoke needs.There's a superb balance between seasoned and dynamic young...
Ken E. Mozia (SAN) & CO.
Lekki, Nigeria

Founded in 2000
50 people in their team
English
ABOUT USOur law office is duly Incorporated as Ken E. Mozia & Co. with RC No.  BN 957612 on  16th February, 2001.Our Head Office is at Plot 87A, Okoro-Otun Avenue, Off Ikpokpan Road, G.R.A., Benin City, Edo State, Nigeria which is a purpose built law office in a serene...
CHAMAN LAW FIRM
Lekki, Nigeria

Founded in 2019
15 people in their team
English
CHAMAN LAW FIRM is a world class and one of the leading and top law firms in Nigeria.  In Support of clients on substantial matters, we deploy well-configured attorney teams with domestic and international experience and expertise. We are known for excellence in the practice of law and...
Synergy Attornies
Lekki, Nigeria

Founded in 1999
50 people in their team
English
Synergy Attornies is a Law Firm with a robust pedigree established in 1999 as an off shoot of an earlier partnership dating back to the 1980s.We represent a broad spectrum of clientele in dispute resolution through general litigation at Trial and Appellate Courts and also through alternative...
Resolution Law Firm
Lekki, Nigeria

Founded in 2014
14 people in their team
English
ABOUT RESOLUTION LAW FIRMResolution Law Firm, which ranks among the leading legal consultants in Nigeria was founded by a group of passionate, hardworking and honest lawyers committed to the excellent delivery of legal services in Nigeria.Resolution Law Firm is based in Nigeria and the firm...
Ojukwu Faotu & Yusuf
Lekki, Nigeria

Founded in 1985
50 people in their team
English
Ojukwu Faotu & Yusuf is a team of experienced and dedicated lawyers with client-focused service delivery goal. We provide a full array of legal services in a competent, efficient and professional manner.- 1985, OpeningThe firm was originally founded as Eleuthera Chambers at Aba .- 1988It later...
Akabogu & Associates
Lekki, Nigeria

Founded in 2006
10 people in their team
English
Akabogu & Associates Law firmAKABOGU & ASSOCIATES is a law practice offering full business law service across Nigeria. Our services cut across legal advisory, due diligence, claims handling, documentation and litigation. Our practice areas cover the range of business sectors of the...
Prince Joel & Associates
Lekki, Nigeria

Founded in 2000
50 people in their team
English
OverviewPrince Joel & Associates is a knowledge-driven, full business services law firm, where the latest business and legal legislations are utilized to promote the best interest of Our Clients. We are dedicated to ensuring that our clients receive personal attention and that we deliver...
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About Project Finance Law in Lekki, Nigeria

Project finance is a specialized area of financial law dealing with long-term infrastructure, industrial projects, and public services based on a non-recourse or limited recourse financial structure. In this setup, the repayment of loans is dependent on the project's cash flow rather than the balance sheets of the project sponsors. Lekki, a fast-growing commercial hub in Lagos State, Nigeria, has seen a significant increase in large-scale developments such as the Lekki Free Zone, deep seaport projects, and various public-private partnership (PPP) ventures. These large projects make project finance law a crucial aspect when navigating business opportunities or resolving disputes in the area.

Why You May Need a Lawyer

Engaging in a project finance transaction in Lekki involves complex issues including legal compliance, risk allocation, financial structuring, negotiation of contracts, and regulatory permits. Here are some common scenarios where legal help is needed:

  • Structuring and negotiating loan agreements or syndicated financing arrangements
  • Setting up Special Purpose Vehicles (SPVs) for project ownership and finance
  • Navigating environmental, construction, and land use permits
  • Drafting and reviewing concession agreements, PPP contracts, and joint venture documents
  • Managing risks and liabilities among parties involved in the project
  • Resolving disputes between stakeholders, including government agencies, financiers, and contractors
  • Ensuring compliance with Nigerian and Lagos State laws and regulations

A qualified project finance lawyer can offer strategic guidance throughout your project, help you minimize risk, and avoid costly mistakes or delays.

Local Laws Overview

Project finance in Lekki is influenced by several legal regimes at federal, state, and local levels. The key aspects to be aware of include:

  • Companies and Allied Matters Act (CAMA): Governs the registration, operation, and regulation of companies, including SPVs used in project finance.
  • Investment and Securities Act (ISA): Provides a framework for syndicated loans, capital market involvement, and the roles of financial institutions.
  • Lagos State PPP Law: Regulates public-private partnerships, particularly for infrastructure development in Lekki and other parts of Lagos.
  • Land Use Act: All land in Nigeria is vested in the government, and the acquisition or lease of land for projects in Lekki requires state consent.
  • Environmental Laws: Projects are subject to Lagos State Environmental Protection Agency (LASEPA) regulations and federal standards for environmental impact assessment (EIA).
  • Taxation: Both federal and Lagos State taxes, including withholding tax, value-added tax (VAT), and other levies, apply to project finance transactions.
  • Foreign Participation: Nigerian Investment Promotion Commission (NIPC) laws and Central Bank of Nigeria (CBN) regulations oversee foreign investor participation and capital importation.

Proper navigation of these regulations is essential to secure permits, protect investments, and ensure long-term project success in Lekki.

Frequently Asked Questions

What is project finance and how does it differ from traditional corporate finance?

Project finance focuses on financing specific projects where repayment is based on the generated cash flow of that project, not the creditworthiness of the sponsors. Corporate finance, by contrast, relies on the overall balance sheet of the company.

What major types of projects in Lekki use project finance structures?

Common projects include real estate developments, seaports, tollroads, power plants, industrial facilities, and large-scale commercial infrastructure under PPP models.

Do I need government approval for a project finance transaction in Lekki?

Yes, various approvals may be required including land use consent, environmental permits, business registration, and specialized licenses if dealing with public infrastructure.

What laws govern PPP projects in Lekki?

PPP projects are primarily governed by the Lagos State Public Private Partnership (PPP) Law, complemented by federal legislation such as the Infrastructure Concession Regulatory Commission (ICRC) Act.

How are risks typically allocated in Nigerian project finance deals?

Risks are shared through contract documents, allocating specific risks like construction, financial, operational, or regulatory risks to the parties best able to manage them.

What security can lenders require for project loans in Lekki?

Lenders often require security interests in project assets, assignment of project revenues, charges over bank accounts, and sometimes government guarantees.

Can foreign investors participate in project finance transactions in Lekki?

Yes, subject to compliance with NIPC registration and CBN regulations. Repatriation of profits and capital is allowed if regulations are followed.

What are the tax implications of project finance in Lekki?

Projects are subject to corporate tax, VAT, withholding tax, and Lagos State levies. Some incentives may be available for specific sectors or locations like the Lekki Free Zone.

How can disputes in project finance transactions be resolved?

Disputes may be handled through negotiation, mediation, arbitration, or litigation, often as specified in the project or finance agreements.

How do I choose the right project finance lawyer in Lekki?

Look for lawyers with experience in Nigerian project finance, proven track records on PPPs or infrastructure deals, and familiarity with local business and regulatory environments.

Additional Resources

The following organizations and resources can provide further help and information on project finance in Lekki:

  • Lagos State Public Private Partnership (PPP) Office
  • Lagos State Ministry of Justice
  • Nigerian Investment Promotion Commission (NIPC)
  • Infrastructure Concession Regulatory Commission (ICRC)
  • Civil engineering and infrastructure trade associations in Nigeria
  • Lagos State Environmental Protection Agency (LASEPA)
  • Lagos Chamber of Commerce and Industry
  • Central Bank of Nigeria (CBN) for financial regulations
  • Nigerian Bar Association for lawyer referrals

Next Steps

If you need legal assistance with a project finance matter in Lekki, begin by clearly outlining your project’s objectives, participants, and financing needs. Gather all relevant documents, including business plans, financial projections, permits, and correspondence with stakeholders. Seek out local lawyers or law firms that specialize in project finance and infrastructure law. An initial consultation will help you understand your legal risks, secure necessary approvals, and begin contract negotiations. Professional legal guidance early on can help you ensure regulatory compliance, protect your investment, and set your project up for long-term success.

Lawzana helps you find the best lawyers and law firms in Lekki through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Project Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Lekki, Nigeria - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.