By Peter Egwuatu
TURNER Wright Nigeria Limited has terminated its Share Exchange Agreement with Big Time Holdings, Inc., BTHI, a company associated with Milost Global Inc which had wanted to acquire a majority stake in Nigeria’s Unity Bank Plc.
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A termination letter signed by Chairman/CEO, Turner Wright, Dr. Tunde Lawal, stated: “We refer to the following Share Exchange Agreement executed on October 22, 2018 entered between Big Time Holding Incorporated, BTHI and Turner Wright Limited. By the arrangement between Big Time Holdings Inc. and Turner Wright Limited under the agreement shall stand terminated with the effective date of May 14, 2019.
“The agreement is being terminated according to the terms of the agreement by exercising Article V, Section 5.01, paragraphs c and g. In accordance with the terms therein, this agreement is hereby terminated with an effective date…