Adeola is the Managing Partner of Maverick & Spectre. He has a bias for corporate law practice, finance and commercial litigation. He holds a first degree in law from Obafemi Awolowo University, Nigeria graduating with First Class (Hons.) and was a recipient of numerous academic awards, making him to emerge as the best graduating student in the Faculty of Law of his set and the overall best graduating student with the highest number of prizes in the University. He also holds a Master of Corporate Law degree from the University of Cambridge graduating also with First Class (Hons). He is one of the first Herbert Smith Freehills’ MCL African Scholars of the University of Cambridge.

Adeola has represented numerous corporate clients in commercial disputes before the courts in Nigeria as well as domestic and international arbitrations. He has also advised several multi-national corporations, financial institutions and other corporate clients on a number of transactions. Prior to founding Maverick & Spectre, Adeola has worked with three leading law firms in Nigeria and had a brief placement with an international law firm of Herbert Smith Freehills, London office. He was also until recently a Partner in a leading commercial law firm in Lagos, Nigeria where he was in charge of the dispute resolution practice and energy, power and infrastructures.

Adeola is a member of the Nigerian Bar Association (NBA), International Bar Association (IBA), Young International Arbitration Forum of the London Court of International Arbitration (LCIA) and Financial Services Lawyers Association, UK (FSLA). He is an accomplished legal author and has a lot of scholarly legal publications to his credit.

Adeola Owoade

Highlights of Recent Experience

  • Transaction Partner of a legal team that advised the Federal Government of Nigeria as Solicitor to the Issuer in respect of its debut N100,000,000,000 (0ne Hundred Billion Naira) issuance of a non-interest financing instrument (Sukuk) in the domestic debt market.

  • Transaction Partner for the legal team that advised as Solicitors to the Trustees of a N300 Billion Bond Issuance Programme by one of Africa’s leading conglomerates.

  • Transaction Partner for the legal team that advised a notable insurance company on its restructuring and share capital reconstruction.

  • Transaction Partner for the legal team that advised a consortium in respect of its acquisition of Calabar Generation Company Limited in the privatization by the Niger Delta Power Holding Company (NDPHC) of 10 thermal generating plants.
  • Led the legal team advising a consortium in respect of a proposed hydro-power project concession in Kiri, Adamawa State.

  • Was part of the legal team that provided legal advisory services to a foremost construction company in Nigeria in relation to some of its road construction projects with a State Government of Nigeria.

  • Key member of a team that advised a leading Nigerian bank its divestment from two (2) of its non-banking subsidiaries in compliance with the Central Bank of Nigeria’s directive for all deposit taking banks to divest from non-banking subsidiaries.

  • Recently, led the legal team that represented the interest of a client in a compensatory claim of over Two Billion Naira against a State Government in Nigeria for an alleged breach of a Concession Agreement in relation to the concession granted by the State Government to the client to manage, operate and maintain a cardio-renal health institution in Nigeria.

  • Recently, led the legal team that represented an American power solutions company, in its multi Million Dollars civil claim for breach of power equipment supply contract against an indigenous telecommunication service provider at the High Court of Lagos State. The case involved forensic analysis of document and expert evidence on the authenticity of a remittance instruction to the Bank of America

  • Represented a state government in a several billion Dollar multi-party international arbitration and lawsuit relating to the preemptive rights to acquire the shares of a leading telecoms companies in Nigeria.

  • Key member of the legal team that successfully defended the interest of a leading Nigerian bank in a major law suit brought as public interest action, against twenty-two (22) Deposit Money Banks (DMBs) in Nigeria to ensure the remittance by the DMBs of statutory payments to NIPOST as stamp duty on all receipts by electronic transfer and/or teller deposit of monies from N1,000.00 upwards made into accounts operated in all the branches.

  • Was part of the legal team representing and managing the litigation portfolio of a foremost, international and one of the world’s largest courier companies in Nigeria before the various Nigerian superior courts and international arbitration.

  • Was a Counsel representing and managing some of the litigation portfolio of a major airline carrier and one of Nigeria’s biggest local aviation companies and has represented the company in claims for lost luggage, delays, cancelled flights, employment matters, contractual disputes and other aviation matters.

  • Led the legal team that represented Union Bank UK Plc in a claim for registration, recognition and enforcement of the Judgment of the High Court of Justice, Queen’s Bench Division, England in Nigeria.

  • Recently, as lead counsel, successfully defended a leading solar energy company in Nigeria in a shareholder litigation instituted against the company by one of its equity investors.

  • Lead Counsel of the legal team that represented a fully integrated LPG supply chain company in a major lawsuit for claim relating to breach of LPG FOB Sale Contract. Also advised on the related sister suit for demurrage claims instituted by an international LPG off-take company at the High Court of England, Queen’s Bench Division against the client.

  • Recently, as lead counsel, successfully defended the interest of a foremost health care provider in a major law suit instituted by an agency of the Federal Government of Nigeria and requiring payment of several millions of Naira to the Federal Government of Nigeria for alleged breaches of statutory obligations.