Templars Managing Counsel, Desmond Ogba has been appointed by the Nigerian Senate to serve as a member of a technical committee of experts to support the Senate Committee on Banking, Insurance and Other Financial Institutions on ongoing financial law reform.
The 12-member committee, comprising of experts from such disciplines as law, economics, banking and finance, will advise the Senate on a number of proposed legislation intended to reform some existing laws in the financial sector as well as introduce the much needed innovation and new institutions in that space. The proposed laws deal with subject matters such as Regulation of Payment, Clearing and Settlement Systems; the Legal Framework for Credit Bureau Services; and the repeal and replacement of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act.
At the inauguration ceremony for the technical committee at the National Assembly, Abuja on Monday, 7 March, 2017, the members were charged with conducting a speedy and thorough review of the draft bills and other stakeholders’ submissions made to the Senate in respect of the new laws which are already being considered at the committee stage in the Senate.
Desmond graduated with First Class Honours from the Nigerian Law School, holds a Bachelor of Laws from the Ebonyi State University and has extensive experience advising project sponsors, borrowers, corporates, banks, funds and other financial institutions on diverse transactions including project finance, power projects and other infrastructure development, strategic investments, international capital markets issuances, structured finance and corporate finance.
Before joining Templars, he was a finance & projects associate at the Lagos-based firm of G. Elias & Co and a visiting associate at the London offices of Latham & Watkins, LLP under the International Lawyers for Africa secondment programme.
He is ranked in a number of international legal directories including IFLR 1000 Guide to the World’s Leading Financial Law Firms and Chambers Global Guide to the Legal Profession with clients and other independent sources describing him as “…a good problem solver and very client oriented” and as “very effective… strong and bright”.
Other members of the Committee include Bola Onadele Koko (Managing Director, FMDQ OTC PLC); Abubakar Suleiman (CFO, Sterling Bank PLC); Adebisi Shonubi (Managing Director, Nigeria Inter-Bank Settlement System PLC); Akin Dawodu (Country Manager, Citibank); Laoye Jaiyeola (CEO at the Nigerian Economic Summit Group); Dapo Olagunju (Group Treasurer, Access Bank PLC) and five other renowned experts and subject matter specialists.
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