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Key contacts
Managing partner: Dr. Babatunde Ajibade, SAN FCIArb
Quick facts
Number of lawyers

22

Network memberships

Nigerian Bar Association, International Bar Association, Chartered Institute of Arbitrators, Institute of Chartered Secretaries & Administrators, the Chartered Institute of Taxation of Nigeria and the International Trademark Association, American Bar Association

Languages

English

Key practice areas
Banking and finance
Banking
Capital markets
Capital markets : Debt
Capital markets : Equity
Financial and corporate
Corporate and M&A
M&A
Firm overview

S.P.A. Ajibade & Co. is a leading Corporate and Commercial Law firm based in Nigeria. Established in 1967, it has been at the forefront of developments in commercial practice in Nigeria and has continuously rendered sound technical advice and tailored customer solutions to its local and international partners. To our clients, we are a reliable partner and trusted counsel in various transactions and dispute resolution processes. We see our duty to our client as that of not just providing excellent technical advice, but also providing solutions that address and enhance a client’s purpose and business objective. Click on this link for more information about the firm.

Other offices

Ibadan
Top Floor Suite, SPAACO House, 138, Liberty Stadium Road
200252
Nigeria
T: +234 811 3898 219
E: ibadanoffice@spaajibade.com

Abuja 
2nd Floor, Left Wing Commercial Plaza. Plot 1075 Joseph Gomwalk Street Gudu
900104
Nigeria
T: +234 909 481 9809        
E: abujaoffice@spaajibade.com
 

Address:
Suite 201, SPAACO House
27A McCarthy Street, Onikan
Lagos
Tel:+2348118903060 Fax:+234 1 4605092 Email:Contact Us Web Address:http://www.spaajibade.com
Rankings published in 2026
Capital markets : Debt
Tier 4
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
M&A
Tier 5
29 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

Dentons ACAS-Law
16 practice areas
View profile
Jackson Etti & Edu
17 practice areas
View full profile
ǼLEX
16 practice areas
View full profile

Tier 3

Bloomfield LP
12 practice areas
View full profile
DealHQ Partners
8 practice areas
View profile
Detail Commercial Solicitors
17 practice areas
View profile
Duale, Ovia & Alex-Adedipe (DOA)
9 practice areas
View full profile
Olajide Oyewole
14 practice areas
View profile
Solola & Akpana
11 practice areas
View profile

Tier 4

Abdulai Taiwo & Co
16 practice areas
View full profile
ENR Advisory
9 practice areas
View profile
Greychapel Legal
13 practice areas
View full profile
Odujinrin & Adefulu
17 practice areas
View profile
Streamsowers & Köhn
14 practice areas
View full profile
TNP
9 practice areas
View profile

Tier 5

Advocaat Law Practice
14 practice areas
View full profile
Alliance Law Firm
15 practice areas
View full profile
Anaje Olumide Oke Akinkugbe (AO2 Law)
6 practice areas
View profile
Ikeyi Shittu & Co
16 practice areas
View full profile
OAKE Legal
9 practice areas
View profile
SPA Ajibade & Co
8 practice areas
View full profile

Notable

Pavestones
6 practice areas
View full profile
Perchstone and Graeys
11 practice areas
View profile
Linked Reviews
Financial and corporate

SPA Ajibade & Co is a corporate and commercial law firm established in 1967. The firm has offices in Lagos, Abuja, and Ibadan. 

 

Focusses / specialism 

The firm is particularly strong in debt capital markets and M&A work. 

 

Key clients 

Notable clients of the firm include Cliffe Dekker Hofmeyr South Africa, Cybele Cosmetics, Evans Therapeutics, Marsh, Facebook, First Registrars, Marsh FJC International Insurance Brokers, Fan Milk International, Hempel, Coca Cola Hellenic, UPS, FBN Holdings, First Bank Nigeria, Union Bank of Nigeria, Union Trustees, Balton CP Group, Dizengoff West Africa, Honeywell Group, Anchorage Leisures, Nosak Group, and Ondo State Government. 

 

Research period review: 33rd edition (2024/2025)

During the research period, the firm was active in debt capital markets and M&A. 

In debt capital markets the firm worked on bond issuances for issuers linked to financial services, government, and construction sectors. 

 

Deal highlights: 33rd edition (2024/2025)

Federal Government of Nigeria's N50 billion sovereign green bond

Lekoil Nigeria Limited establishment of N1 trillion bond issuance programme

 

Client feedback: (2024/2025)

Capital Markets

"Depth of expertise and promptiness of work." 

Bukola Iji 

"Top level professionalism."

2 results2 results
Deal Highlights
3 results3 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
INCOFIN Investment Management Comm VA (and All Funds Advised and Managed by It) - Financing
2021-02-26
SPA Ajibade & Co
Niger
Financing
Bukola Iji
INCOFIN Investment Management Comm VA (and All Funds Advised and Managed by It)
Lender
Lagos State Government of Nigeria - Bond issue
SPA Ajibade & Co
Niger
Bond issue
Bukola Iji
Lagos State Government of Nigeria
Issuer
Providus Bank Ltd - Bond issue
SPA Ajibade & Co
Niger
Bond issue
Bukola Iji
Providus Bank Ltd
Issuer
Sponsored