Abimbola is a Senior Associate in the Dispute Resolution and Energy and Project Finance Practice Groups.
He Holds a Master of Laws Degree with a certificate of specialization in Business Law from the University of California, Berkeley, School of Law, and is licensed to practice in Nigeria and the State of California.
Abimbola focuses his practice on the transactional and dispute resolution aspects of the Nigerian energy sector. He has extensive experience advising and representing clients including international oil companies, oil service contractors and multinational corporations operating in Nigeria in connection with disputes and issues relating to petroleum taxation and other fiscal terms, petroleum contracts and allied transactions as well as other bet-the-company complex commercial disputes. He also advises clients on international (white collar) investigations and other corporate anti-bribery and corruption compliance issues.
Some of his key experiences include:
- Successfully represented and obtained an arbitral award of over $2billion on behalf of an Exxonmobil led Production Sharing Contract (PSC) Contractor Group in respect of a crude entitlement dispute with the Nigerian National Petroleum Corporation (NNPC).
- Representing two State Government investment entities in a US$4 billion multi-party international arbitration arising out of a pre-emption rights dispute among shareholders of a leading emerging markets telecoms company that erupted in a number of jurisdictions.
- Obtained a take-nothing award in favor of Heineken subsidiary Nigeria Breweries Plc. in a dispute arising from the “take-or-pay” provisions of a Gas Sale and Purchase Agreement between the company and its gas suppliers to power its major brewery in Nigeria.
- Advised an international oil company on compliance with the Treasury Single Account (TSA) directive of the Federal Government of Nigeria as well as possible anti-bribery and corruption impact of any payments made outside the TSA structure;
- Advising and representing a client in an international investigation on alleged handling of proceeds of crime and money laundering, spanning various jurisdictions by the U.K National Crime Agency;
- Advised an international oil company on regulatory compliance as well as possible anti-bribery and corruption impact of any payments made to security agencies providing security for its strategic facilities;
- Representing an oil and gas drilling company in arbitration in as dispute with an exploration and production company and operator of a key OML over the non-performance of conditions precedents and key obligations under their drilling contract;
- Advising an international oil company on a potential dispute with its contractor based on the contractor’s performance of work on their Engineering, Procurement, Supply, Construction, Hook-up and Commissioning Contract.