Mr Chiagozie Hilary-Nwokonko

Chiagozie Hilary-Nwokonko

Lawyer biography

Chiagozie is a Partner at Streamsowers & Köhn. He also heads the Firm’s Energy and Natural Resources and Legislative Advocacy Groups. Chiagozie graduated from the University of Cambridge, England in 1986 and initially trained as a Marketing Management Trainee with Unilever Plc in the United Kingdom. He was called to the Nigerian Bar as a Solicitor and Advocate of the Supreme Court of Nigeria in 1991. Chiagozie was also a United Kingdom Government Chevening Scholar at the Centre for Energy, Petroleum and Mineral Law and Policy of the University of Dundee, Scotland.
 
Chiagozie is regarded as being in the top rank of Nigerian solicitors, combining intellectual depth with commercial nous. Chiagozie has dealt extensively with issues of Nigerian Foreign Investment and Corporate Law, General Commercial Law, Oil and Gas, Environmental Law, Mining Law, Construction Law and Taxation.
 
Chiagozie has acted as team leader in several notable energy transactions, one of which was the listing of an oil and gas company on the Alternative Investment Market (AIM) of the London Stock Exchange in 2012, which was the largest listing of an oil and gas company at the time.
 
Chiagozie is a member of the Section on Energy and Natural Resources Law of the International Bar Association and the Association of International Petroleum Negotiators.

Updates

Energy & Natural Resources

Local Content Development and Enforcement Bill 2020 undergoes second reading
Nigeria | 03 August 2020

The Local Content Development and Enforcement Bill 2020 recently passed its second reading in the House of Representatives and was subsequently referred to the Committee on Nigerian Content Development and Monitoring for further consideration. The bill seeks to amend the Oil and Gas Industry Content Development Act by expanding its scope to capture changes in the industry.

New bill seeks to align Oil and Gas Industry Content Development Act with industry best practices
Nigeria | 27 July 2020

The Oil and Gas Industry Content Development Bill 2020 recently passed its second reading in the Senate and was subsequently referred to the Committee on Local Content for further consideration. The bill seeks to amend existing sections of, and introduce new sections to, the extant Oil and Gas Industry Content Development Act with the aim of aligning the act with industry best practices.

Gas Flaring and Minerals and Mining Bills undergo second reading
Nigeria | 06 July 2020

Two bills relating to the oil and gas industry recently passed their second reading in the Senate and the House of Representatives, respectfully. The Gas Flaring Bill seeks to prohibit gas flaring in Nigeria, while the Minerals and Mining Bill seeks to establish a regulatory framework for the Nigerian mining industry in line with international best practices and create a regulatory authority which will be responsible for ensuring fair competition and encouraging investments in the mining sector.

DPR issues COVID-19 circular and declares pandemic event of force majeure
Nigeria | 11 May 2020

After the president issued regulations directing a lockdown of areas where oil and gas companies' head offices are located, the Department of Petroleum Resources issued a circular to ensure the safety and welfare of all personnel and contain the spread of COVID-19, directing that all operators and their contractors must comply with the directives of government authorities on measures such as social distancing, curfews and lockdowns and that the current situation constitutes force majeure.

Deep Offshore and Inland Basin Production Sharing Contracts (Amendment) Bill submitted to National Assembly
Nigeria | 23 July 2018

The president recently submitted the Deep Offshore and Inland Basin Production Sharing Contracts (Amendment) Bill 2018 to the National Assembly for consideration and passage. The bill seeks to amend Section 16 of the Deep Offshore and Inland Basin Production Sharing Contracts Act, which was promulgated in 1999. If passed, it will alter the economic dynamics of production sharing contracts.

New oil producing states following discovery of deposits
Nigeria | 18 June 2018

The House of Representatives recently considered a motion to declare Kogi, Enugu and Anambra oil producing states following the discovery of oil and gas deposits in commercial quantities. It subsequently urged the federal government to hold bids for oil prospecting and mining of the discoveries and declare the states oil producing states.

Proposed oil spill amendment bill will significantly affect oil and gas industry
Nigeria | 21 May 2018

The National Oil Spill Detection and Response Agency Act (Amendment) Bill 2018 recently underwent its second reading. If passed in its existing form, the bill will have a significant effect on the operations of the oil and gas industry. For example, the bill makes it mandatory for oil industry operators in Nigeria to subscribe to and be bona fide members of Clean Nigeria Associates and imposes a levy on oil companies calculated at 0.5% of their operations funds.