The Firm is currently acting as the Legal Consultants to the Liquidator in the privatisation by way of guided Liquidation of The Nigeria Telecommunications Plc (NITEL) and Mobile Telecommunications Limited (MTEL).

The firm's experiences on the assignments were as follows:

  • Obtaining Court Orders winding up the above Enterprises and appointment of the Liquidator from the appropriate Federal High Courts.
  • Advertising the Court Orders and Appointment in the Federal Gazette and Dailies.
  • Prepared an Information Memorandum, a sales booklet containing the core and none core assets of the company.
  • Advised on the composition of the members of the Committee of Inspection (COI) and also acted as secretary, consequently attended and prepared all COI Minutes of Meetings.
  • Participated actively in the verification, reconciliation and payment of workers' arrears of salaries, allowances and terminal benefits.
  • Advised the Liquidator in the ranking process culminating in the payment of debts owed by the Enterprises to secured and unsecured creditors.
  • Advised on all Land Matters and was instrumental in obtaining land title documents free from all encumbrances from the Ministry of Lands.
  • Advised in the payment of ex-gratia payment to original land owners.
  • Resolved all outstanding tax matters inclusive of NSITF claims and other associated issues.
  • Prepared an Asset Sale & Purchase Agreement between liquidator and the investors respectively and ensured due execution by both parties.
  • Participated in the competitive Bid Process culminating in the selection of the preferred bidder.
  • Participated in the Hand-over ceremony.
  • Prepared various Deeds of Assignment for sale of none-core assets, mainly landed properties situated in Lagos, Ilorin and Abuja.
  • Successfully defended the Liquidator and the BPE in contested litigation at the trial court (Federal High Court), Court of Appeal and presently at the Supreme Court.
  • Filed all necessary documents inclusive of yearly Liquidation Accounts at the Corporate Affairs Commission (CAC) Abuja and also Discharge documents both at the Federal High Court and CAC.
  • Solving all ad-hoc, ancillary or residual matters arising from the transaction.