Privatization

Privatisation

The firm has amassed considerable expertise in the field of Privatisation. This is due to the fact that members of the firm have not only worked on specific privatisation transactions but have in various capacities either as functionaries of government or Special Advisers acted with respect to the formulation, implementation, packaging and negotiation of specific privatisation programmes.

In the present privatization programme, the firm was instrumental to the formation of an alliance of Law firms operating under the firm name of Legal Alliance.

Legal Alliance acted for the Bureau of Public Enterprises in relation to the Privatisation of the Nigerian Paper Mills Limited (NPM) Jebba, Iwopin Pulp and Paper Company Limited (IPPC) Ijebu Waterside, Ogun State, Nigerian Newsprint Manufacturing Company Limited Oku-iboku Cross Rivers State and also Delta Steel Company Limited Aladja Delta Sate. As a member of the Advising team, the firm assisted Core Investors seeking to acquire a stake in a variety of enterprises to be privatized including the Electricity Meter Company of Nigeria (EMCON), Nigerian Truck Manufacturers (NTM).

The firm is also a member of Legal Advisory Partnership (LAP) a consortium of Law firms appointed to provide SENIOR LEGAL SUPPORT SERVICES TO THE DIRECTOR GENERAL OF THE BUEARU OF PUBLIC ENTERPRISES (BPE) with the objective of supporting the existing capacity of BPE to mange its large volume of activities in accordance with international best practice and ensure that BPE sets and respects all key aspects of its operations. LAP is also to ensure that existing privatisation-related legal problems are addressed thoroughly and effectively.