Banks takes control of Evans Medical due to unsettled loan

1
514
https://kadunanewsonline.com/wp-content/uploads/2017/10/kadunanewsonline.com_-58.jpeg/Banks takes control of Evans Medical due to unsettled loan

Banks takes control of Evans Medical due to unsettled loan

It’s been announced by the management of Evans Medical Plc, that Skye Bank Nigeria Plc and First Bank of Nigeria have taken over its asset.

This was made known via a statement by the company’s secretary, Adesua Akintemi.

It was stated that a court order was issued to the company for its assets to be taken over as a result of a loan default.

“Evans Medical Plc would like to announce that the company’s bankers (Skye Bank Plc and First Bank of Nigeria Limited) have served the company with an ex-parte order of the federal high court dated 4th July, 2017, granting them right to take over the company’s assets used as collateral against facilities granted to the company by its bankers due to loan default,” the statement read.

So far, a receiver manager has also been immediately appointed and has taken over the assets of the company.

“The board of Evans Medical, however, has begun discussions with the two lenders with a view to arriving at an amicable resolution of the matter and the discussions are progressing favourably and we are optimistic that a mutually beneficial workable arrangement will be arrived at between the banks and our board as soon as possible in order to safeguard the company’s properties as well as protect the shareholders’ investment,” it said.

“We shall keep you informed accordingly and we appreciate your understanding in this matter.”

Banks takes control of Evans Medical due to unsettled loan

1 COMMENT

  1. I haven¦t checked in here for some time as I thought it was getting boring, but the last few posts are great quality so I guess I¦ll add you back to my daily bloglist. You deserve it my friend 🙂

LEAVE A REPLY

Please enter your comment!
Please enter your name here