Unity Bank, 7 Others Facilitate N15.5bn Equipment Funding To Julius Berger
L:R: Mr Babatunde Gbewesa, Business Manager Head Office Annex Branch, Unity Bank Plc; Mrs A.I. Okereke, GM Finance, SCOA; Ms Chika Osuagwu, Relationship Manager, Unity Bank; Mr Steve Olorunpomi, Head, Trade Services, Unity Bank; Dr Massad Boulos, GMD/CEO, SCOA Group; Mr Wale Ogunrinde Directorate Head, Lagos & South-West Zone, Unity Bank; Mr Emmanuel King, Head Correspondence Banking, Unity Bank; Ms Chiaka Akujobi, Foreign Operations Department, Unity Bank at the handover ceremony of the trucks to Julius Berger in Lagos.
Unity Bank has led seven other banks to facilitate a N15.5 billion credit for equipment supply to Julius Berger for construction of roads across the country.
The credit is for the importation and supply of 33 MAN Platform Trucks and equipment for the construction firm.
Of the total sum, Unity bank advanced the largest sum of N4.24 billion for SCOA Equipment, which is a portion of the N17 billion total line of credit that the Bank extended to both SCOA Motors and SCOA Equipment.
The other seven Banks – Heritage, Zenith, Providus, Wema, UBA, Union and Coronation Merchant Banks.
Of the 33 tracks that the total sum covered, 16 trucks were delivered during the first phase and handed over to Julius Berger.
