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Position: Partner
Rating:
  • Highly regarded
  • Women Leaders
Bar Admissions:
Nigeria
Practice Areas:
Banking
Project finance
M&A
Project development
Jurisdictions:
Industry Sectors:
Energy
Oil and gas
Languages:
English
Igbo
Biography

Stella a highly motivated, intelligent and valuable member of the firm’s Energy and Natural Resources Practice Group. She is renowned for her extensive experience in the business, privatisation, regulatory and power sectors given her active involvement in several power, oil, gas, project financing, power, and general corporate and commercial transactions. She authors articles in leading law publications and is currently leading the initiative on renewable energy transactions in her Firm.

Stella is bullish, thorough and persistent in exceeding clients’ needs and achieving set goals and objectives.

Recent transactional highlights
  • Blackrose Chemical Limited proposed establishment of a state-of-the-art petrochemical development facility by Blackrose Chemicals Limited. This project is Nigeria’s first commercial-scale natural gas monetization initiative, designed to produce 2,250,000 metric tons per annum (TPA) of methanol.

  • Indorama Eleme Petrochemicals Limited acquisition of participating interest in an Oil Mining Lease (OML) in Nigeria by Indorama and the conversion of the underlying asset from an unincorporated joint venture to an incorporated joint venture pursuant to the Petroleum Industry Act, 2021, in a single integrated transaction.

  • Seplat Energy Plc acquisition of 60% equity interest in Eko Electricity Distribution Company Plc (EKEDC) from West Power & Gas Limited (WPG).

  • Bureau of Public Enterprises disbursement of US$500,000,000.00 (Five Hundred Million Dollars) for the funding of the Distribution Sector Recovery Programme (“DISREP”) by the World Bank.

  • Phoenix Infrastructure Development Limited processing ten million (10,000,000) standard cubic feet of flare gas at the Ebendo Field for dispatch to the Kwale Gas Gathering (KGG) manifold for processing and utilization.

  • Abia State Government creation of the Abia State Electricity Market, following the recent enactment of the Electricity Act, 2023.

  • Asset Management Corporation of Nigeria divestment of its sixty percent (60%) equity interest in Ibadan Electricity Distribution Company Plc ("IBEDC”).

Practice areas
  • Financial restructuring
  • M&A
  • Private Equity
  • Project finance
  • Project development    
Sector specialisations
  • Construction and materials
  • Energy
  • Mining
  • Natural resources
  • Oil and gas

Bar admissions
  • Nigerian Bar
Association memberships
  • Nigerian Bar Association;
  • Association of International Petroleum Negotiators;
  • Women in Management, Business & Public Service (WIMBIZ)
Academic qualifications
  • LL.B (Hons) University of Lagos, 1999
  • BL., Nigerian Law School, 2001

Address:
Lagos
Tel:+234 803 3352130 Fax:+234 1 4615 2034; +234 1 4630 8534 Email:Contact this practitioner Website:http://www.banwo-ighodalo.com/people/our-partners/stella-duru