Biography: Banking

Lawrence Fubara Anga heads the banking and financial services practice group of AELEX. He is admitted to practice in Nigeria, England and Wales, and Ghana. He appears as counsel before all superior courts in Nigeria and has acted as counsel or party-appointed arbitrator in several arbitration proceedings.

He advises domestic and international banks, financial institutions and financial industry regulators on transactional and regulatory issues as well as on other matters relating to banking, financial services and capital markets. His practice includes advising banks and financial institutions on banking regulations, capitalisation issues, structuring of financial transactions, and compliance with financial industry regulators. He advises clients from around the world on direct and portfolio foreign investment in Nigeria.

Fubara has been involved in banking, capital markets, and project finance transactions for several years. He advised the Federal Government on review of Investment and Securities Act. He was invited as a member of the Presidential Policy Advisory Committee where he was a member of the subcommittee on finance and investment. He authored the committee's policy paper on foreign investment and privatisation.

He advised a European development bank on a US$600 million facility to three Nigerian banks including the grant of convertible loans and infrastructure development loans for on-lending for the financing of infrastructure and infrastructure related projects in Nigeria. He is currently advising an international development bank on a 7-year US$20 million Unsecured Subordinated Convertible Facility to a Nigerian Bank. He is also advising an indigenous brewery on its N7.5 billion Rights Issue.

Fubara was chairman of the Capital Markets Solicitors Association. He was also the chairman of the Central Bank of Nigeria SMIES policy guidelines review committee. He has obtained advanced certification in project finance from the CLDP and Eximbank (USA), in venture capital from the Venture Capital Institute - USA and in entrepreneurial development from the United Nations Centre for Transnational Corporations.

He received a BA in Economics and Political Science from Yale University in 1980 and a BA in Law from Cambridge University in 1983.

Biography: Aviation

Fubara Anga is head of the AELEX transportation and financial services practice groups. Qualified to practice law in Nigeria, Ghana and England and Wales, he has a strong multidisciplinary background in law, economics, management and fiscal policy. He appears as counsel before all superior courts in Nigeria and has acted as counsel or party-appointed arbitrator in several arbitration proceedings.

Mr Anga has attended and facilitated several aviation-related courses and seminars around the world. These include the annual IATA aviation legal seminars and the ABA annual meetings. He is a member of the forum on air and space law of the American Bar Association and the aeronautical committee in the SBL of the International Bar Association. He was an honorary delegate for Nigeria at the 5th ICAO World Air Transport Conference held in Montreal in March 2003, and at the 35th General Assembly of ICAO, held in Montreal in October 2004. Fubara is the founder and president of the Nigerian Aviation Law Society and chairman of the aviation section in the SBL of the Nigerian Bar Association. He was recently enlisted to prepare the section on aviation for the LexisNexis Encyclopaedia of Nigerian Law.

Fubara recently acted as local counsel to the ECA lenders in two separate US$200 million aircraft acquisitions, involving the sale, lease, mortgage and registration of the aircraft. He represented an international lessor on the lease of a Boeing 767 Aircraft to a local airline; he advised on the aircraft registration regime both in Nigeria and the International Registry, and on aero-political matters relating to the operation of aircraft in Nigeria. He represented a major air logistics company in the lease of a rotary aircraft and reviewed the aircraft lease agreement.

The World Bank invited Fubara, as an expert, to a joint workshop in Montreal with ATAG and ICAO on 'Maximising Civil Aviation's Economic Impact'. He was chairman of the legal and regulatory sub-committee for Nigeria's Federal Ministry of Aviation national steering committee on safety, quality assurance and reforms. He advised the Nigerian Civil Aviation Authority (NCAA) on the Nigerian Civil Aviation Act 2006, and was appointed by the authority as a member of a legal review committee for the revision of the draft Nigerian Civil Aviation Economic Regulations. Mr Anga is also a member of the appeal panel on safety violations, set up under the Nigerian Civil Aviation Regulation.

Area of specialisation: contentious/regulatory/finance

Biography: Project Finance

Lawrence Fubara Anga heads the banking and financial services practice group of AELEX. He is admitted to practice in Nigeria, England and Wales and Ghana. He appears as counsel before all superior courts in Nigeria and has acted as counsel or party-appointed arbitrator in several arbitration proceedings.

He advises on financial, commercial and regulatory issues that affect projects and companies in the banking and financial services, aviation, and power sectors. He advises clients from around the world on direct and portfolio foreign investment in Nigeria.

Fubara has been involved in project finance, banking and capital markets transactions for several years. He advised the Federal Government on review of Investment and Securities Act. He was invited as a member of the Presidential Policy Advisory Committee where he was a member of the subcommittee on finance and investment. He authored the committee's policy paper on foreign investment and privatisation.

He advised (in conjunction with UK Counsel) Emerging Markets Telecommunication Services Limited (Etisalat Nigeria) on its US$650 million 7-year facility provided by a syndicate of Nigerian lenders. He also advised an international development bank on a US$15 million limited recourse financing for a housing project. He is currently advising an independent power producer on a US$22 million financing of the expansion of its existing gas-fired power generation facilities.

He obtained an advanced certification in project finance from the CLDP and Eximbank (USA), in venture capital from the Venture Capital Institute - USA and in entrepreneurial development from the United Nations Centre for Transnational Corporations.

He received a BA in Economics and Political Science from Yale University in 1980 and a BA in Law from Cambridge University in 1983.