“…Hence, they have applications in several areas of biotechnology. Lipases are broadly used for hydrolysis, biotransformations, synthesis as well as separations in different industries such as paper, chemical, waste water treatment, flavor and food industries, and in medical diagnostic, scientific researches, chemical analysis and therapeutics (Toscano et al, 2011). Among the lipolytic microorganisms, filamentous fungi associated with the 146 diverse species of genera Trichoderma, Rhizopus, Aspergillus and Penicillium were reported as the potent lipase producers (Musa and Adebayo-Tayo, 2012).…”