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Punuka Attorneys & Solicitors

Nigeria

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Key contacts
Managing Partner: Elizabeth Idigbe
Senior Partner: Anthony Idigbe, SAN
General Manager Practice : Angela Ezenweani
Quick facts
Lawyers

35

Network memberships

LAW, IBA, INTA, ICCN, BRIPAN, CMSA, IAEL

Languages

English , Ibo, Hausa, Yoruba, French

Key practice areas
Banking and finance
Banking
Project finance
Capital markets
Capital markets : Debt
Capital markets : Equity
Financial and corporate
Corporate and M&A
Restructuring and insolvency
M&A
Project development : Power
Restructuring and insolvency
Project development : Energy
Projects
Firm overview

A fully integrated and multi-dimensional business law practice, with over 60 years of combined experience providing advisory, dispute resolution and support services to a diversified client base, including individuals, corporate organizations, multinationals and government agencies.

Key practice contacts and recent transactional highlights

Litigation:
A. Anthony Idigbe, SAN
a.idigbe@punuka.com 
B. Nnamdi Oragwu
n.oragwu@punuka.com

Recent transactional highlights:

  • Representing a client in a proceeding for enforcement of judgment worth $66,383,694.11 USD
  • Representing a bank in a breach of contract matter with a claim of $23,363,960.00 USD
  • Represented a Bank in a judicial review mater filed against the judgment of a District court worth $20,000,000 USD
  • Representing a Regulator in an action filed against it by a company and its directors resisting payment of fine of about N271,925,000
  • Representing a bank in a proceeding for enforcement of right under a debenture trust deed used to secure a credit facility worth N320,423,874.37 
  • Represented and got judgment in the sum of $9.1 million USD on behalf of a client in a recovery of debt matter 

Restructuring & Insolvency:
A.Okorie Kalu
o.kalu@punuka.com
B.Tobenna Nnamani
t.nnamani@punuka.com

Recent transactional highlights:

  • Represented the Judgment debtor in compromising a judgment debt of over N26, 000, 000, 000 at the Federal High Court, Ikoyi Lagos.
  • Represented a telecommunications company in obtaining a judgment of over $9, 000, 000 at the High Court of Lagos State;
  • Representing at Oil & Exploration company in restructuring of debt of over $100, 000, 000 at the Federal High Court, Abuja.
  • Representing a Petitioner in recovering a debt of N30, 000, 000 from an Oil & Gas transaction at the Federal High Court, Lagos.
  • Representing the Respondent in restructuring a debt of over $40, 000 at the Federal High Court Ikoyi, Lagos
  • Representing the Respondent in respondent restructure a debt of over N5, 000, 000, 000 at the Federal High Court Ikoyi Lagos.
  • Acting as mediator to resolve a debt between parties of over N6, 000, 000, 000 at the Court of Appeal, Lagos.
  • Representing a Respondent defend the enforcement of a foreign judgment of over $10, 000, 000 at the Federal High Court, Ikoyi Lagos.
  • Representing a Respondent to restructure a debt of over $1, 500, 000 at the High Court of Lagos State
  • Representing a Respondent defend an action regarding steps adopted to enforce a mortgage facility of over N150, 000, 000 at the High Court of Lagos State.
  • Represented and got judgment in the sum of $9.1 million USD on behalf of a client in a recovery of debt matter

Capital Market Transaction:
Ebelechukwu Enedah
A.e.enedah@punuka.com
B.Tobenna Nnamani
t.nnamani@punuka.com

Capital Market Transactions 

  • Advised, reviewed contracts and conducted due diligence for a high-profile international company in respect of a share acquisition and merger transaction with a Nigerian Joint Venture worth about $15,000,000,00.
  • Advised a foremost Nigerian company on the best strategy for the sale of its shares in another top Nigerian company.
  • Advised and worked with an Italian law firm on Notification Filing in Nigeria in compliance with the Federal Competition and Consumer Protection Act 2019.
  • Advised and represented a regulator on its powers under the enabling Act to introduce E-Dividend Mandate System and the cessation of the issuance of physical dividend warrants.
  • Advised and represented a regulator on its powers to regulate the sector vis-a-vis its mandate to protect the public against bad business practice within the sector

Intellectual Property:
A.Elizabeth Idigbe 
e.idigbe@punuka.com
B.Obianuju Otudor 
o.otudor@punuka.com

  • Successfully represented in Court, an international Swiss media company over a copyright infringement claim of N65,000,000.00
  • Representing in Court a Local Production Company on a Copyright infringement matter of N900,000,000.00 claim against another Local Production company over the alleged theft of the company’s screen play.
  • Representing a Local artist on a copyright infringement claim of N160,000,000.00 against an international entertainment company over the unauthorised use of the artist image.  
  • Successfully represented an Asian brewery company at the Nigerian Trademark Tribunal on third party opposition matter of the Company's highly valued and bestselling brand.
  • Registered numerous trademarks for Blue chip, International and Local companies at the Nigerian Trademark Registry.
  • Representing in court, a British chemical company on a Trademark infringement matter over a N30,000,000.00 claim of a highly valued automobile product trademark.

Entertainment Law:
A.Elizabeth Idigbe 
e.idigbe@punuka.com
B.Isioma Idigbe
i.idigbe@punuka.com

Recent transactional highlights:

  • Successfully applied for pioneer status for a global music group in Nigeria.
  • Advised a renowned studio on their IP valuation and Private equity Investment into their company worth millions of Naira
  • Advised a top animation company on structuring financing for its most recent production.

Tax:
A.Nnamdi Oragwu
n.oragwu@punuka.com
B.Adekola Olawoye
a.olawoye@punuka.com

Recent transactional highlights:

  • Advised a top Nigerian bank on its assessed tax liability worth N10,627,703,919.08 
  • Advised several clients on the freezing order made on the company’s accounts by the Federal Inland Revenue Authority (FIRS)
  • Advised a global media group on tax implications on its phantom shares settlements 
  • Advised a top telecommunication company on tax treatment of offshore payments on software agreements.
Other offices

9A Freetown Street
Wuse II
Abuja FCT
Nigeria
T: +234(08)3540 3030
F: +234(01)2704 790
Einfo@punuka.com
Wwww.punuka.com

7 B.R.O Izegbu Street
G.R.A, Asaba
Delta State
Nigeria
T: +234(08)2224 9927
F: +234(01)2704 790
Einfo@punuka.com
Wwww.punuka.com

Address:
Plot 45, Oyibo Adjarho Street
Off Admiralty Way
Lekki Phase 1, Lagos
Tel:+234 1 270 4789 Fax:+234 1 270 4790 Email:Contact Us Web Address:http://www.punuka.com
Rankings published in 2026
Capital markets : Debt
Tier 5
25 firms ranked
View full list

Tier 1

ALN Nigeria | Aluko & Oyebode
17 practice areas
View full profile
Banwo & Ighodalo
17 practice areas
View full profile
G Elias & Co
17 practice areas
View full profile
Olaniwun Ajayi
15 practice areas
View full profile
Templars
16 practice areas
View full profile
Udo Udoma & Belo-Osagie
17 practice areas
View full profile

Tier 2

Jackson Etti & Edu
17 practice areas
View full profile
TNP
9 practice areas
View profile
ǼLEX
16 practice areas
View full profile

Tier 3

Abdulai Taiwo & Co
16 practice areas
View full profile
Alliance Law Firm
15 practice areas
View full profile
Bloomfield LP
12 practice areas
View full profile
Detail Commercial Solicitors
17 practice areas
View profile

Tier 4

DealHQ Partners
8 practice areas
View profile
Duale, Ovia & Alex-Adedipe (DOA)
9 practice areas
View full profile
Odujinrin & Adefulu
17 practice areas
View profile
SPA Ajibade & Co
8 practice areas
View full profile

Tier 5

ALP NG & Co
5 practice areas
View full profile
Punuka Attorneys & Solicitors
14 practice areas
View full profile

Tier 6

Dentons ACAS-Law
16 practice areas
View profile
Greychapel Legal
13 practice areas
View full profile

Notable

OAKE Legal
9 practice areas
View profile
Olajide Oyewole
14 practice areas
View profile
The Metropolitan Law Firm
4 practice areas
View profile
Wigwe & Partners
2 practice areas
View full profile
Capital markets : Equity
Notable
21 firms ranked
View full list

Tier 1

ALN Nigeria | Aluko & Oyebode
17 practice areas
View full profile
Banwo & Ighodalo
17 practice areas
View full profile
G Elias & Co
17 practice areas
View full profile
Olaniwun Ajayi
15 practice areas
View full profile
Templars
16 practice areas
View full profile
Udo Udoma & Belo-Osagie
17 practice areas
View full profile

Tier 2

Detail Commercial Solicitors
17 practice areas
View profile

Tier 3

Abdulai Taiwo & Co
16 practice areas
View full profile
Jackson Etti & Edu
17 practice areas
View full profile
Odujinrin & Adefulu
17 practice areas
View profile
ǼLEX
16 practice areas
View full profile

Tier 4

Alliance Law Firm
15 practice areas
View full profile
Dentons ACAS-Law
16 practice areas
View profile

Notable

Advocaat Law Practice
14 practice areas
View full profile
Bloomfield LP
12 practice areas
View full profile
Duale, Ovia & Alex-Adedipe (DOA)
9 practice areas
View full profile
Greychapel Legal
13 practice areas
View full profile
OAKE Legal
9 practice areas
View profile
Olajide Oyewole
14 practice areas
View profile
Punuka Attorneys & Solicitors
14 practice areas
View full profile
Wigwe & Partners
2 practice areas
View full profile
Linked Reviews
Financial and corporate

Punuka Attorneys & Solicitors is a business law practice from Nigeria founded in 1947. The firm has offices in three regions of Nigeria. 

 

Focusses / specialisms 

The firm has a particular strength in capital markets work for domestic clients, however it is also active in banking and projects work as well. 

 

Key clients 

Key clients of the firm include Tourist Company of Nigeria, Acquila Leasing Company, Hydrodive Nigeria, Pfizer, Noble Group, Royal Exchange Prudential Life, Global Steel Holdings, Ikeji Hotel, Ecobank Nigeria, Clovis/Comcraft, NSIA Insurance, and Cordos Trustees. 

 

Research period review: 33rd edition (2023/2024) 

During the research period, the firm was particularly active in restructuring and insolvency where the firm advised clients in the real estate, mining, oil and gas and investment management on restructurings including administration, insolvency, and receivership. 

 

Deal highlights: 33rd edition (2023/2024)

Chinmark Group N474.5 million and £65,000 insolvency

NISL Ventures and Nigeria International Securities N15 billion insolvencies

Deal Highlights
11 results11 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
Cordros Trustees - Financing
2021-02-25
Punuka Attorneys & Solicitors
Niger
Financing
Elizabeth Idigbe
Cordros Trustees
Agent
Ikeja Hotels - Secondary share offering
2021-02-25
Punuka Attorneys & Solicitors
Niger
Secondary share offering
Ebelechukwu Enedah
Ikeja Hotels
Issuer
NSIA Insurance - Restructuring
2020-01-12
Punuka Attorneys & Solicitors
Niger
Restructuring
Elizabeth Idigbe, Ebelechukwu Enedah
NSIA Insurance
Debtor
Mercury Maritime Concession Company - Project development
2021-02-25
Punuka Attorneys & Solicitors
Niger
Project development
Elizabeth Idigbe
Mercury Maritime Concession Company
Concessionaire
Royal Exchange Prudential Life - Joint venture
2020-01-08
Punuka Attorneys & Solicitors
Niger
Joint venture
Elizabeth Idigbe
Royal Exchange Prudential Life
Joint venture partner
Afrexim Bank - Fund formation
2022-02-24
Punuka Attorneys & Solicitors
Niger
Fund formation
Anthony Idigbe, SAN Isioma Idigbe
Afrexim Bank
Investor
Noble Resources International - Restructuring
2022-02-24
Punuka Attorneys & Solicitors
Niger
Restructuring
Okorie Kalu
Noble Resources International
Shareholder
The Tourist Company of Nigeria Plc - Restructuring
2022-02-24
Punuka Attorneys & Solicitors
Niger
Restructuring
Okorie Kalu
The Tourist Company of Nigeria Plc
Debtor
Noble Resources; IJVL Holdings - Restructuring
2022-02-24
Punuka Attorneys & Solicitors
Niger
Restructuring
Okorie Kalu
Noble Resources, IJVL Holdings
Debtor
Salus Trust Ltd - Secondary share offering
2022-02-24
Punuka Attorneys & Solicitors
Niger
Secondary share offering
Anthony Idigbe
Salus Trust Ltd
Issuer
Mercury Maritime Concession Company Limited - Secondary share offering
2022-02-24
Punuka Attorneys & Solicitors
Niger
Secondary share offering
Anthony Idigbe
Mercury Maritime Concession Company Limited
Issuer
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