Two banks to take over Evans Medical Plc

The management of Evans Medical Plc says it has received a court order for the company’s assets to be taken over by Skye Bank and First Bank of Nigeria.

In a notice seen by TheCable, the company said it defaulted in a loan which it used its assets as collateral.

“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 notice read.

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