Skye, First Bank Takeover Evans Medical Plc

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Skye Bank Nigeria Plc and First Bank of Nigeria have taken over its asset of Evans Medical Plc, the management has said.

Adesua Akintemi, the company’s secretary, disclosed this in a statement shared with news men

The statement said the company had received a court order 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.

“A receiver manager has also been appointed and has taken over the assets of the company.”

Akintemi said the company is negotiating with the banks to reach a favourable arrangement.

“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.”

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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