Babatunde Irukera

Securities Litigation
May 24, 2017
Dapo Akinosun
May 25, 2017

PARTNER

Commercial Litigation, Aviation, Public Interest Litigation

T: 234-1-4614019

E: tunde.irukera@scp-law.com

Babatunde Irukera  has over 20 years of transactional, commercial litigation and practice management experience. His experience includes over 10 years in the United States engaging in complex commercial litigation and settlements including several jury trials and significant appellate work. At this time, he also successfully managed the transition of a small-sized firm in Chicago to fuse with a large broad-based practice in Simmons Cooper LLC. He has routinely conducted oral arguments before the US Court of Appeals and the Nigerian appellate courts with reported locus classicus that are currently of significant precedential value. Babatunde also deploys excellent pre-litigation and appropriate extrajudicial resolution strategies in resolving business and other disputes.

Babatunde also heads the commercial litigation and Aviation sector at SCP. Babatunde’s engagements have involved a broad range of commercial and corporate issues including securities litigation, investments and divestments, joint ventures, oil block acquisitions, product liability, fiduciary duties of directors, intellectual property, and cross border litigation including discovery in other jurisdictions.

MEMBERSHIPS

  • Nigerian Bar Association
  • International Bar Association
  • American Bar Association

QUALIFICATION, ADMISSIONS & RECOGNITIONS

  • Washington State Bar
  • Admitted to Practice in the Nigerian Bar
  • Obafemi  Awolowo University (LL.B)

REPRESENTATIVE EXPERIENCE

  • In the immediate past, he successfully represented a class of investors in a dispute involving the single largest capital market transaction in Nigeria, in the process establishing the legality of interest devolution to investors. The securities regulator under its regulatory rules has adopted this theory.
  • Babatunde has represented a multilateral financial institution – in statutory and regulatory appraisal before municipal agencies; and the Federal and some State Governments – in corporate misconduct cases, in a particular case, leading to a settlement in excess of $80 million, the largest settlement yet in Nigeria.
  • Babatunde consulted for Nigerian Civil Aviation Authority (NCAA)  on Anti-competitive pricing and Anti-consumer activities on two major airlines. The Consultation & aftermath investigation forced the Airlines to introduce same pricing equilibrium which forced the fare between Ghana-UK route to par with the Nigeria-UK route

Babatunde also provides capacity-building advisory services to federal agencies and other clients on the introduction and implementation of antitrust legal regime in Nigeria. He is a pioneer in the area of work-product development focusing on legal writing and advocacy for counsel.

In recent engagements, Babatunde has provided strategic planning advice both from political and business risk standpoints for foreign businesses, government agencies and international investors.

Babatunde contributes the Nigerian chapters of Electricity Regulation, Merger Control, Private Antitrust Litigation, Dominance and Cartel Regulation for the renowned international publication, the Getting the Deal Through Series.

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