Skye Bank and First Bank Plc are set to take over Evans Medicals due to a loan debt.
This was revealed at the shareholders and stakeholders meeting of Evans Medicals with the Nigerian Stock Exchange.
Both banks were said to have served “Evans Medical with an ex- parte order of the Federal High Court dated July 4, 2017, granting them the right to take over the company’s assets used as collateral against facilities granted to the company by the bankers due to loan default.”
A new receiver manager has also been appointed by the banks and has taken over the assets of the company.
Evans medical disclosed the news to its clients furth “Evans Medical 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 the right to take over the company’s assets used as collateral against facilities granted to the company by the bankers due to loan default.”
“A receiver manager has been appointed and has taken over the assets of the company.”
Meanwhile, Evans Medicals told the shareholders and stakeholders that it has begun a meeting with both banks and hope an amicable resolution will be reached soon.
The company added, “The discussions are progressing favourably and we are optimistic that a mutually beneficial working arrangement will be arrived at between the banks and our board as soon as possible in order to safeguard the company’s properties and assets as well as protect the shareholders’ investments.”
“We shall keep you informed accordingly and we appreciate your understanding in this matter,” it assured its stakeholders.