Aluko & Oyebode Advised First Ally Capital On Acquisition Of Majority Stake In Mines.IO

Aluko & Oyebode Advised First Ally Capital On Acquisition Of Majority Stake In Mines.IO

Leading Nigerian law firm Aluko & Oyebode advised First Ally Capital Limited (“FACL”), an independent financial services group, on the successful acquisition of a majority stake in Mines.IO Nigeria Limited (“Mines.IO”), a fintech company that leverages artificial intelligence, data, and analytics to deliver credit solutions to individuals and small businesses.

This strategic acquisition aligns with FACL’s vision to harness digital innovation in delivering scalable financial solutions and expands its reach to underserved populations. The transaction is expected to strengthen FACL’s digital finance capabilities and enhance access to finance in Nigeria.

The scope of Aluko & Oyebode’s mandate included advising on the structuring of the transaction, conducting legal due diligence, negotiating definitive agreements, and obtaining all required regulatory approvals.

The Aluko & Oyebode team was led by Olubunmi Fayokun (Senior Partner) and Ajibola Asolo (Partner), with support from Bukola Akinsulere (Senior Associate) and Ofure Odia (Associate).

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