Lead party: Great Nigeria Insurance Plc (issuer)
Coverage: The Meridian legal market record (editorial).
Tope Adebayo LP acted as Solicitors to Great Nigeria Insurance Plc on its ₦15.6 billion Rights Issue. The raise strengthened GNI’s capital base. It helped meet NAICOM’s recapitalisation requirements. GNI issued six billion 50-kobo shares at ₦2.60 each. The basis was six new shares for every seven held. The issue let GNI meet NAICOM’s 31 July 2026 deadline. The firm advised from structuring through execution. The team was led by Partner Ifeoma Ezeribe.
Value (as reported): ₦15.6 billion.
Law firms: Tope Adebayo LP – Solicitors to the issuer (GNI).
Lawyers named: Ifeoma Ezeribe (Tope Adebayo LP); Philip Francis (Tope Adebayo LP); Excellent Epelle (Tope Adebayo LP); Roqeebat Sulaimon (Tope Adebayo LP); Oluwanifemi A. Alade (Tope Adebayo LP).
Parties: Issuer: Great Nigeria Insurance Plc; Regulator: NAICOM.
Jurisdiction (as reported): Nigeria · Sector (as reported): Insurance / Equity capital markets.
Source: LinkedIn firm publication, posted 30 July 2026. Meridian record LI-DL-2026-0154.
