University of Lagos, Lagos State.
Harvard Law School, US
John F. Kenedy School of Government, US.
Tonbofa AshimiManaging Partner
Tonbofa is the managing partner of the Firm. She received an LL.B from the University of Lagos and has a Masters of Law from Harvard Law School where she was involved in clinical work involving the energy and international finance sectors. She also studied economic analysis of policy at the John F. Kennedy School of Government. Tonbofa practiced in the Nigerian firms of Strachan Partners and Olaniwun Ajayi LP, where she was the Head of the firm’s Dispute Resolution Practice (a team of 13 lawyers).
Tonbofa was, the Director-General of the Bayelsa State Government Due Process and e-Governance Bureau and the Co-ordinator of the Bayelsa State Child Development Account (CDA) Project (a Bayelsa State Government solely sponsored initiative in partnership with Columbia University, World Bank and New America Foundation aimed at encouraging students and their parents to save for their future education).
- Member: Chattered Institute of Arbitration United Kingdom
- Member: Technical Working Group Committee with Nigerian Electricity Regulatory Commission (NERC)
She is a registered Capital Market Operator with Securities and Exchange Commission.
Tonbofa has been involved in a number of actions including:
- Gbadebo Smith v. FBN & Ors. ()a securities class action
- Econet Wireless Nigeria Limited v. Econet Nigeria Limited (and a host of other sister cases involving shareholder disputes)
- Enron Nigeria Power Ltd.& Ors v. Federal Government of Nigeria & Ors (arbitration on investment dispute)
- Famfa Oil Ltd v. NNPC & Ors (government seizure of oil mining lease)
- She has also provided legal advice on transactions in different areas including:
- Working closely with Nigerian Electricity Regulatory Commission (NERC) as a member of Technical Working Group.
- Advising on an electricity company’s Power Project
- Conducted research and advised on Kiobel v Royal Dutch Petroleum (a case brought by Nigerians in the USA seeking to see the USA company in the USA under the Alien Tort Statute)
- Conducted research and advised on Wiwa v Shell (Ken Saro Wiwa’s family sued Shell in the USA and finally reached a settlement sum outside court)
- Part of Advocacy campaign For Rio Tinto Mines in Burma (A campaign against environmental pollution in Burma’s mining industry)
- Part of team during research on seeking compensation against South African corporations during apartheid
- Review of regulatory approach law, rules and regulations in California and Pennsylvania, USA
- Acquisition of FGN shares in electricity companies (ongoing)
- A Clean Development Mechanism and Transfer of Carbon Emission Rights Project in Nigeria
- A Urea Fertilizer Plant in Nigeria
- Acquisition of oil and gas interests
- Supply of gas to liquids
Banking and Finance
- Exxon Mobil Satellite Field US$600 Million Satellite Field Financing
- GTB $750 Million Global Depositary Receipts (GDR) Issue in the London and Nigerian Market
- First Bank Plc $175 Million Subordinated Notes Issue (1st Hybrid Offer in Nigeria)
- GTB $350 Million Regulation S Eurobond Issue (1st Eurobond Issuance in Nigeria)
- Tinapa N10 Billion Zero Coupon Bond Financing
- Vee Networks N18 Billion Debt Restructuring
Merger and Acquisition
- Nigerian Banks Consolidation Exercise- Unity Bank Plc ()Merger of 9 banks
- Nigerian Insurance Companies Recapitalization (Unity Kapital Plc Merger)
Tonbofa has conducted research and written papers on different legal areas including: international financial regulation and enforcement practices; Transitional Justice Mechanisms in Africa. She is currently a columnist for Thisday Law; her columns include “Watching the Watchdog” and “Just Justice”. Some of her papers include:
- ” published in Thisday Nigeria Newspaper dated 8 February 2010“As NERC moves toward light “Watchdog Report Card” published in Thisday Nigeria Newspaper dated 28 December 2010
- “Wages of Unreasonable Wages” published in Thisday Nigeria Newspaper dated 14 December 2010
- “Segun Aganga, Mind the Gapp” published in Thisday Nigeria Newspaper dated 4 May 2010
- “Toxic Assets Soakaway” published in Thisday Nigeria Newspaper dated 27 April 2010
- “Crude Cries” published in Thisday Nigeria Newspaper dated 9 March 2010
- “An Overview of Securities Enforcement in the United Kingdom” by Devon Kirk and Tonbofa Ashim
- “Comparing Policy Approaches In Oil Management And Their Consequences: Venezuela v. Nigeria” “Time For SEC To Step Up Its Game” published in Thisday Nigeria Newspaper dated November 25, 2008
Tonbofa is licensed to practice in Nigeria and New York, USA and is a member of the Nigerian Bar Association, American Bar Association and New York Bar Association