NIGERIA Law and Practice Contributed by: Isa Alade, Seyi Bella, Ayodele Adeyemi-Faboya and Ayomikun Ogunkanmi, Banwo & Ighodalo
Banwo & Ighodalo is a leading full-service Ni - gerian law firm with a strong presence across several West African countries, with 17 part - ners and over 80 fee earners. Its fintech prac - tice stands out for combining deep expertise in technology with a solid understanding of regulatory and financial services, supported by strong relationships with key regulators. The firm works closely with regulators, technology companies, start-ups, and investors, navigat - ing the fast-evolving legal and regulatory land -
scape. Key focus areas include financial ser - vices regulation, cryptocurrency, data privacy, e-commerce, M&A, peer-to-peer financing, and payment systems. Banwo & Ighodalo leverages its connections with regulators, financial institu - tions, insurers, and infrastructure providers to offer practical, innovative advice. Whether ad - dressing domestic challenges or navigating in - ternational markets, the firm delivers solutions that empower clients to stay ahead in the dy - namic fintech sector.
Authors
Isa Alade is a partner in Banwo & Ighodalo’s fintech and private equity practices. Isa led the teams that advised major fintech
Seyi Bella is a partner at Banwo & Ighodalo, leading the banking and finance practice group. Her core areas of practice are banking and loan syndication, project finance, M&A and
companies such as Ant International, PayHippo,
Mastercard, Tencent Holdings Limited, Opay Limited, Terra Payment Services (UK) Limited, Stitch and Solve Money on legal, regulatory and contractual issues relating to their operations in Nigeria. He also provides support to and engages with government/regulatory agencies in the development of fintech laws and regulations, including the Registration Framework and Guidelines for Digital Lending (2022), the Digital Lending Standardisation Rules, the Nigeria Startup Act (2022) and the CBN Open Banking Framework (2022).
fintech. Seyi advised Appzone, a provider of software solutions to financial institutions, on its last USD10 million funding round, and she also advised fintech companies on legal and regulatory issues relating to the application of technology to financial services. In this regard, Seyi continues to advise US-based company c-Labs Inc (the creators of the Celo stablecoin) on their operations in Nigeria.
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