Dipo is a Partner at Templars and heads the Tax Advisory team.
He is a fellow of both the Chartered Institute of Taxation of Nigeria (CITN) and the Institute of Chartered Accountants of Nigeria (ICAN).
Dipo holds a B.Sc in Economics from the University of Ife (now Obafemi Awolowo University) and also a Bachelor of Laws from the University of Lagos.
He was also a two-time chairman of the Tax Committee of Oil Producers’ Trade Sector (OPTS) of Lagos Chamber of Commerce and Industries.
For over a thirty year career period with Mobil Producing Nigeria, an upstream affiliate of ExxonMobil Corporation, USA, he was charged with various portfolios in General Accounting, Joint Venture Accounting, Financial Reporting & Controls.
He later assumed the position of Manager Taxes and was responsible for all tax related functions including tax planning, advisories, reporting and personnel management of Mobil Producing Nigeria and 12 other subsidiaries of ExxonMobil Corporation in Nigeria.
Given his background, Dipo is familiar with the Nigerian fiscal environment and the related tax law & practice.
A Selection Of Relevant Experience.
- Advised TNOG in the tax structuring of the ongoing US$2.4 billion acquisition of the 45% participating interest held by Shell, Total and Agip in two onshore Nigerian Oil Mining Leases. Played a key role in the fiscal planning and tax structuring of the acquisition of OMLs 11 and 17, and separation of the upstream business from the midstream business.
- Advised Azacur Resources Limited on the tax and cash flow implications of its proposed risk service investments in certain upstream oil and gas assets in Nigeria.
- Advised Energy Link Infrastructure Limited on Nigerian tax implications for its US$ 110M financing and re-financing, including tax advisory, transfer pricing, and associated issues for an alternative crude evacuation strategy.
- Advised a PSC Consortium comprising Star Deepwater Petroleum Limited, Famfa Oil Company Limited and Petroleo Brasileiro Nigeria Limited on their fiscal rights and obligations in respect of their Oil Mining Lease (OML), given FIRS’ indicative views that their production sharing arrangements is not a PSC to entitle them to fiscal incentives pursuant to the Deep Offshore Act.
- Represented Nigeria LNG in negotiations with the tax authority on a revised tax assessment of US$231,085,385 for Withholding Tax on interest on foreign loans and management fees.
- Advised Total E&P on the administrative mechanics for Petroleum Profits Tax reporting obligations in connection with one of its upstream assets within the context of applicable contractual and statutory provisions.
- Advised Mastercard on the implications of the Finance Acts and the digital service tax regime in Nigeria for its Nigerian operations. 8. Advised Lukoil International Upstream Holdings BV on the proposed acquisition of interest in OPL 245 which entailed a review of the proposed tax and fiscal framework vis-à-vis the existing fiscal regime in Nigeria.
- Advised Al Miqrab on Nigerian pioneer status and other key Nigerian tax law considerations with respect to its US$1.6billion takeover of LSE listed Heritage Oil Plc.
- Advised Merck Group on transfer pricing and structuring in connection with its group employment structuring and intra-group services, particularly in relation to Personal Income Tax in Nigeria.