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Skye Bank, First Bank Take Over Evans Medical Assets - Business - Nairaland

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Skye Bank, First Bank Take Over Evans Medical Assets by Nobody: 2:22pm On Oct 21, 2017
Evans Medical Plc company asset will be taken over by its bankers; Skye Bank Plc and First Bank of Nigeria Limited, following the default of its loan.

The company management announced that it has received a court order for the company’s assets to be taken over. In a notice issued by the company, the company said it defaulted in a loan which it used its assets as collateral. The amount of loan is not stated.

“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 reads.

As the management called for stakeholders understanding and support during this time, it said that it has already begun discussions with the two Lenders to find a resolution to the matter in order to protect shareholders’ investments.

“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 possible in order to safeguard the Company’s properties and assets as well as protect the shareholders’ investments.” the notice reads.

Evans Medical Plc is one of Nigeria’s largest Pharmaceutical Manufacturing Company, It started business in Nigeria in 1954 and has since then been committed to the health of the Nation.

The company supplies drugs to government hospitals, registered private hospitals and registered pharmacy outlets as well as government parastatals.

The Company has in the past supplied medicines to World Bank Assisted Essential Drugs Projects (EDP) such as Cross Rivers State EDP, PTF, Ondo State Ministry of Health, Primary Health Care Projects and National Primary Healthcare Development Agency (NPHCDA). We also supply pharmaceuticals to NNPC, Shell, Chevron, Mobil, CBN, State House Clinic, etc. on a regular basis.

SOURCE: https://brandspurng.com/skye-bank-first-bank-take-over-evans-medical-assets/

Re: Skye Bank, First Bank Take Over Evans Medical Assets by LUGBE: 2:38pm On Oct 21, 2017
Apc Change has fallen on them kiss

27 Likes 1 Share

Re: Skye Bank, First Bank Take Over Evans Medical Assets by Nobody: 6:44am On Oct 22, 2017
Na wah o.
Re: Skye Bank, First Bank Take Over Evans Medical Assets by ijekul(m): 8:27am On Oct 22, 2017
Mogbe! I even thought they were related to Evans the kidnapper

100 Likes 6 Shares

Re: Skye Bank, First Bank Take Over Evans Medical Assets by sotall(m): 8:28am On Oct 22, 2017
OK
Re: Skye Bank, First Bank Take Over Evans Medical Assets by superhumanist(m): 8:28am On Oct 22, 2017
Evans medical assets

When they were kidnapping medical assets, they did not know that karma was coming for them.

3 Likes 3 Shares

Re: Skye Bank, First Bank Take Over Evans Medical Assets by Nobody: 8:29am On Oct 22, 2017
This is one of the split costs of Evans the kidnapper on Evans medicines
Re: Skye Bank, First Bank Take Over Evans Medical Assets by Alexgeneration(m): 8:29am On Oct 22, 2017
This definitely means more persons will loose their job in this trying time.

8 Likes

Re: Skye Bank, First Bank Take Over Evans Medical Assets by seunmsg(m): 8:29am On Oct 22, 2017
LUGBE:
Apc Change has fallen on them kiss

Blame the incompetence of the management board of Evans medical and not the government.

28 Likes

Re: Skye Bank, First Bank Take Over Evans Medical Assets by mightyhazel: 8:30am On Oct 22, 2017
ahh think say na the evans we know sef.. tongue

5 Likes

Re: Skye Bank, First Bank Take Over Evans Medical Assets by paranorman(m): 8:30am On Oct 22, 2017
Its owner ain't got no strong political connections.

1 Like

Re: Skye Bank, First Bank Take Over Evans Medical Assets by Nobody: 8:30am On Oct 22, 2017
Na mismanagement be dis one jawe... Coy Wey dey supply paracetamol Wey be like water com dey default?? Na ppu don chop am finish jawe

4 Likes

Re: Skye Bank, First Bank Take Over Evans Medical Assets by Yameater(m): 8:31am On Oct 22, 2017
They should find a way to resolve the problem because of the stakeholders
Re: Skye Bank, First Bank Take Over Evans Medical Assets by kuwa(f): 8:31am On Oct 22, 2017
Guess who made them go bankrupt? G O V E R N M E N T
They'll ask for supplies and delay in payment or not even pay at all... If another person comes to power, he refuses to pay because it wasn't in his tenure that the bills were incurred...

17 Likes 3 Shares

Re: Skye Bank, First Bank Take Over Evans Medical Assets by ignis: 8:32am On Oct 22, 2017
what will the bank do with the assets? Probably sell it to the person that will covert it to hotel and night club while thousands of staff in the company lose their jobs.

2 Likes

Re: Skye Bank, First Bank Take Over Evans Medical Assets by yaki84: 8:32am On Oct 22, 2017
i think say na awa celeb evans o.
Its all gud
Re: Skye Bank, First Bank Take Over Evans Medical Assets by ajebuter(f): 8:33am On Oct 22, 2017
ln short, Skye and First Banks 'kidnapped' Evans Medicals...

Touche..

1 Like

Re: Skye Bank, First Bank Take Over Evans Medical Assets by donjosh47: 8:33am On Oct 22, 2017
I dnt think it related with Evan the kidnapper
Re: Skye Bank, First Bank Take Over Evans Medical Assets by Yameater(m): 8:33am On Oct 22, 2017
kuwa:
Guess who made them go bankrupt? G O V E R N M E N T
They'll ask for supplies and delay in payment... If another person comes to power, he refuses to pay because it wasn't in his tenure that the bills were incurred...

That’s too bad

5 Likes

Re: Skye Bank, First Bank Take Over Evans Medical Assets by Yameater(m): 8:34am On Oct 22, 2017
yaki84:
i think say na awa celeb evans o.

Its all gud

Me too
Re: Skye Bank, First Bank Take Over Evans Medical Assets by Yameater(m): 8:34am On Oct 22, 2017
donjosh47:
I dnt think it related with Evan the kidnapper

Read the story my friend
Re: Skye Bank, First Bank Take Over Evans Medical Assets by ignis: 8:35am On Oct 22, 2017
donjosh47:
I dnt think it related with Evan the kidnapper
it's not...
Re: Skye Bank, First Bank Take Over Evans Medical Assets by Yameater(m): 8:35am On Oct 22, 2017
[quote author=ignis post=61655813]what will the bank do with the assets? Probably sell it to the person that will covert it to hotel and night club while thousands of staff in the company lose their jobs.

Good question
Re: Skye Bank, First Bank Take Over Evans Medical Assets by mccoy47(m): 8:35am On Oct 22, 2017
Sometimes i wonder how mega profit making companies run into such financial mess
Re: Skye Bank, First Bank Take Over Evans Medical Assets by Mayydayy(m): 8:35am On Oct 22, 2017
This is the reality of businesses in Nigeria today.you only get to hear about Evans just because they are a huge market player.SMEs which can be described as an economic bedrock in any thriving economy is in comatose and people close shop everyday.


No good roads.
No electricity
Bad business suffocating govt policies.
It has never been this low in our history. A company that has been running since 1954 ran underground overnight.Any business that weathers this era can only come out stronger.
Its a tough time my people.

8 Likes 1 Share

Re: Skye Bank, First Bank Take Over Evans Medical Assets by kay29000(m): 8:36am On Oct 22, 2017
Hmm! I hope it id not Evans the kidnapper that gave their brand badluck.
Re: Skye Bank, First Bank Take Over Evans Medical Assets by pyrex23(m): 8:37am On Oct 22, 2017
superhumanist:
Evans medical assets

When they were kidnapping medical assets, they did not know that karma was coming for them.
mumu...dem tell u say na evans d kidnapper?...

1 Like 1 Share

Re: Skye Bank, First Bank Take Over Evans Medical Assets by jonadaft: 8:38am On Oct 22, 2017
Eheh

Re: Skye Bank, First Bank Take Over Evans Medical Assets by superhumanist(m): 8:38am On Oct 22, 2017
pyrex23:
mumu...dem tell u say na evans d kidnapper?...

mumu....dem no dey tell jokes for your village?
Re: Skye Bank, First Bank Take Over Evans Medical Assets by Saheed9: 8:38am On Oct 22, 2017
for once, I thought it was Evans the kidnapper
Re: Skye Bank, First Bank Take Over Evans Medical Assets by yaki84: 8:39am On Oct 22, 2017
Yameater:

Me too
any spare yam? Happy sundae
Re: Skye Bank, First Bank Take Over Evans Medical Assets by jonadaft: 8:39am On Oct 22, 2017
superhumanist:
Evans medical assets

When they were kidnapping medical assets, they did not know that karma was coming for them.
Lol!





Some people mumu ẹ grin

1 Like

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