Amidst several milestone transactions, Abdulai, Taiwo & Co. was mandated by the Federal Ministry of Finance, as Consultants for the formulation of appropriate legislation and regulatory guidelines for a new Capital Market framework for Nigeria, and the report eventually metamorphosed into the Investments and Securities Act of 1999 (“ISA”), guiding all securities and capital market transactions in Nigeria. [ISA was revised in 2007 to accommodate components of novel transactions and practices]. The firm was joint transaction counsel in the Multiple Series FMBN SPV Issuer N100 BILLION GUARANTEED RESIDENTIAL MORTGAGE-BACKED BOND – the first RMBS securitization in West Africa, and speculated to be the largest in Africa to date.