We advised the Client (as Nigerian counsel to the buyer) on the acquisition of Ping Express, a money transfer operator licenced by the Central Bank of Nigeria.  Ping Express is an international financial payment company that enables the transfer of foreign currency from United States of America and in the United Kingdom and the only company that allows for cancellation of international transfer before the recipient receives the payment in their local account.

Ping Express being one of the licensed international Money Operators in Nigeria, we structured the transaction to minimize consents and approvals from multiple jurisdiction. The legal advisory service provided to the Client was novel and took absolute care to avoid regulatory infraction or suspension of license.