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Press Release: Tokunbo Orimobi Celebrates Ruby Jubilee

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Tokunbo Orimobi, a global Law Firm listed with the International Financial Law Review (IFLR1000) as one of the world’s leading financial law firms, is celebrating its 40th anniversary from Sunday 6th to Saturday 12th January, 2019.

Speaking about the 40th anniversary event, Tokunbo Orimobi’s Global Chairman, Mr Michael Orimobi said, “It is indeed a great milestone for us to celebrate our Ruby Jubilee as a Firm. The dream that started with one branch in Lagos has morphed into an award-winning Law Firm with branches within and outside Nigeria, including South Africa, the United Kingdom and the United States of America.”

Established on January 12, 1979, the Firm will kick off its week long anniversary celebration with a Thanksgiving Service in Ikeji-Ile, Osun State, followed by the adoption of a school within the Ikeji-Ile environ. Other events scheduled to take place during the Firm’s Ruby Jubilee include the Annual Tokunbo Orimobi Moot Court Competition, a novelty football match featuring staff, clients, friends and family, and the Doing Business in Nigeria Series.

“Through our 40th Anniversary, we are not only giving back to our local community; we are also ensuring that the next generation of lawyers are duly supported and nurtured. This is why we are launching our first Annual Tokunbo Orimobi Moot Court Competition which has students from four reputable universities in Nigeria taking part in a competition that focuses on capital markets, mergers & acquisitions, banking and finance,” Mr Orimobi added.

The Ruby Jubilee will formally come to an end with the Doing Business Nigeria Series event where the keynote speaker, Mrs Jumoke Oduwole, Senior Special Assistant to the President of Nigeria on Industry, Trade and Investment and panelists including Mr Sonnie Ayere, CEO Dunn Loren Merrifield; Mr Ayo Babatunde, MD SunTrust Bank; Ms Adia Sohwo, MD Mines.IO Nigeria Limited; and Dr Okey Nwuke, Group Deputy MD Coscharis Group will discuss and provide insights into Nigeria’s economic outlook in 2019.

 

For more information about Tokunbo Orimobi, please visit https://tolegalgroup.com/.

 

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Africa Business forum holds in Ethiopia

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Heads of states, top officers of governments and African leaders and representatives of African Union and United Nations will converge at the inaugural Africa Business: Health Forum (AB:HF).

The forum would take place in Ethiopia on 12th February 2019 on the margins of the 32nd African Union Summit.

The Forum will unify Africa’s key decision makers in exploring opportunities for catalyzing growth in the continent’s economy, through business partnerships to invest in the health sector.

The inter-relationship between the health of employees and economic growth is increasingly taking center stage in many African countries, and business is being pushed to exploring how to maximize shareholder value as a complex interplay between financial, human, social and environmental return.

African business entrepreneurs are waking up to the reality that good health is good business, and investing in health is both a business and social imperative, with studies showing that by 2030, business opportunities in the health and wellness sector will reach $1.8 trillion in current prices.

Investing in African health systems is an opportunity to accelerate economic development and growth, contribute to saving millions of lives, prevent life-long disabilities, and move countries closer to achieving SDGs and Africa’s Agenda 2063.

“From a business standpoint, we are beginning to see the opportunities that could be created by focusing on improving and investing in health,” says Aigboje Aig-Imoukhuede, a renowned financier and Co- Chair, GBCHealth.

“There is a need to close the gap on the inequality of life in Africa from a healthcare standpoint and we must look to develop a universal plan that shifts the needle as far as healthcare in Africa is concerned. Health must cease being a source of pain, and become a source of prosperity instead.”

The AB:HF is the vision of GBCHealth, the United Nations Economic Commission for Africa (UNECA), and the Aliko Dangote Foundation, with the objective of driving business leadership, strengthening partnerships, and facilitating investments to change the face of healthcare in Africa.

The Forum will culminate in the launch of the African Business Coalition for Health (ABCHealth), a coalition that will mobilize a core group of private sector champions through a coordinated platform to advance health outcomes and shape health systems across Africa.

ABCHealth will serve as the regional platform to unlock synergies that will contribute more directly to a healthy and prosperous Africa, enabled by collaboration and business partnerships.

Reiterating the need for business leaders to key into this vision, Aliko Dangote, Group President of Dangote Group said: “The best way to move Africa forward is for businesses to step up in health care and take bold action.

“We must work together, across industries and with governments and communities, to foster innovation and drive more strategic investments that benefit us collectively.

“The time is now for a new era of cooperation in Africa that will position its people, communities and businesses for success, now and in the future.”

“Good health is not only an outcome of, but also a foundation for, development.’’

Vera Songwe, Executive Secretary, UNECA said: “The Commission will play a role in the design and implementation of policy frameworks around the financing of healthcare through Public Private Partnerships and the private sector.

“Building on the African Continental Free Trade Area (AfCFTA), this will also encourage regional transboundary health investments especially in the pharmaceutical sector.” NAN

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Equatorial Guinea moves to support prospective entrepreneurs by cutting bureaucratic obstacles with a One-Stop Shop for business incorporation

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The step is a very positive move, and a sign that Equatorial Guinea’s government is listening to international investors’ concerns

JOHANNESBURG, South Africa, January 15, 2019/ — Equatorial Guinea’s one-stop shop became a reality this week, allowing investors and corporations alike to set up a business in sub-Saharan Africa’s fourth largest oil producer in only seven days.

The step is a very positive move, and a sign that Equatorial Guinea’s government is listening to international investors’ concerns over the country’s bureaucracy and regulations, which have prevented it from exploiting its full investment potential over the past few years. The one-stop shop will provide suitable information support for future entrepreneurs and enable them to start with business operations in the shortest time possible.

One-stop shop solutions allow businesses to deal with all permits and processes required to set up a business at a single counter, hence reducing bureaucracy and eliminating red tape. These have been gradually implemented across the world and Africa, resulting in increased local and foreign investments, and promoting small and medium enterprises (SMEs) growth.

Equatorial Guinea’s step is expected to be very positive for business and puts the country at par with its regional and global competitors. It further signals the country’s political will to reform, and echoes President Obiang Nguema Mbasogo’s commitment to see the National Economic Development Plan: Horizon 2020 being fully implemented.

“Our clients are excited about this. As a firm, we work to encourage investment into the country, ensure investors can have a seamless transition and operate well. The one-stop shop is a welcomed and timely development as Equatorial Guinea expects billions of investments during its Year of Energy 2019 and is a crucial step towards achieving the country’s economic diversification and poverty reduction goals under its National Economic Development Plan: Horizon 2020,” declared Santiago Olo Lima, Director for Equatorial Guinea at Centurion.

Equatorial Guinea has doubled efforts to reach out to the international community and boost its attractiveness to investors in recent years. The country joined the Organization of Petroleum Exporting Countries (OPEC) in 2017, and is now spearheading the LNG 2 Africa initiative, which seeks to create new markets for Africa’s natural gas. “This is an exciting time to be looking at Equatorial Guinea and Centurion is well-positioned to assist investors navigating the country’s energy sector,” added NJ Ayuk, CEO of Centurion.

Under its Year of Energy 2019, Equatorial Guinea is also hosting the APPO Cape VII Congress & Exhibition between April 1-5, and the 5thSummit of the Gas Exporting Countries Forum in November. In addition, the 3rdNational Economic Conference is also set to be held this year in Equatorial Guinea. These events are expected to attract billions of investments into the country’s energy and infrastructure sectors.

SOURCE: Centurion Law Group

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Jumoke Oduwole, Ayo Babatunde, Okey Nwuke, Sonnie Ayere, Adia Sowho attend Tokunbo Orimobi’s Doing Business in Nigeria Series

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Distinguished business leaders and professionals in Nigeria gathered together at the Doing Business in Nigeria Series on Saturday 12th January at the Radisson Anchorage Hotel, Victoria Island, Lagos. The event which was part of the week-long 40th anniversary celebration of the global law firm, Tokunbo Orimobi, was an opportunity for panelists and guests to discuss Nigeria’s economic outlook in 2019.

In his welcome address at the event, Mr Michael Orimobi, Global Chairman of TokunboOrimobi, remarked: “40 years ago, we started this journey as a very small business in Surulere. We started with a team of just 2-3 persons. Today, we are a global business with eight offices in five countries, and at least a staff of 50 persons globally.We have also become the only and the first truly international legal practice out of Nigeria. We’ve shown people what Nigerians can do and we’ve been the only law firm in Nigeria that has real presence out of this country.”

Giving a speech during the event, Keynote Speaker, Dr. Jumoke Oduwole, Senior Special Assistant to the President of Nigeria on Industry, Trade and Investment, emphasized efforts the government has made in creating an enabling environment to do business with ease in Nigeria. “The mandate of the Presidential Enabling Business Council (PEBEC) is to remove bureaucratic bottle necks and to fix the perception of the business climate in Nigeria.A lot of hard work continues to go on and we don’t intend to have a wasted year in 2019,” she said.

A key highlight of the event was the panel discussion including, Mr. Sonnie Ayere, Managing Director, Dunn Loren Merrifield, Dr.Okey Nwuke, Group Managing Director, Coscharis Group, Mr. Ayo Babatunde, Managing Director, SunTrust Bank and Ms. Adia Sowho, Managing Director, Mines.IO Nigeria Limited. The panelists encouraged guests to have an optimistic outlook towards the growth of the Nigerian economy in 2019 and further urged businesses not to view the forthcoming elections with apprehension.

The Doing Business in Nigeria Series came to a close with the cutting of the Anniversary cake and the closing remarks from Mr Michael Orimobi.

More event pictures..

Cross section of participants

Tokunbo Orimobi Partners

Michael Orimobi, Dr Okey Nwuke and Adia Sowho

Dr Okey Nwuke, Sonnie Ayere, Adedoyin Jaiyesimi, Adia Sowho and Ayo Babatunde

MC: Deyemi Okanlawo

Cutting of the anniversary

For more information about Tokunbo Orimobi, please visit https://tolegalgroup.com/.

 

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