News | Board Minutes | 2003

                EXPORT-IMPORT BANK OF THE UNITED STATES

          SUMMARY OF MINUTES OF MEETING OF CREDIT COMMITTEE

                                MAY 2, 2003

ITEM NO 1

Country NIGERIA                                AP079536XX

Request for FINAL COMMITMENT

Applicant      ALLFIRST BANK, A DIVISION OF M&T BANK, BALTIMORE MD

Borrower       EKILI INVESTMENTS LIMITED, LAGOS, LAGOS STATE NIGERIA

Guarantor      ARIZE, CHIKE, LAGOS, LAGOS STATE NIGERIA

Guarantor      ARIZE, EMEKA, LAGOS, LAGOS STATE NIGERIA

Guarantor      BROAD BANK OF NIGERIA LTD., LAGOS, NIGERIA

Buyer          EKILI INVESTMENTS LIMITED, LAGOS, LAGOS STATE NIGERIA

End-user       EKILI INVESTMENTS LIMITED, LAGOS, LAGOS STATE NIGERIA

Exporter       MACK TRUCKS INC, ALLENTOWN PA

Supplier       MACK TRUCKS INC, ALLENTOWN PA

Gteed Lender   ALLFIRST BANK, A DIVISION OF M&T BANK, BALTIMORE MD

Project Name NEW MACK TRUCKS

Project Description TRANSPORT AND HAULAGE SERVICES

Product Description NEW MACK TRUCKS

Financed Amount USD      934,479

Repayment Term  5 YEARS

Credit Committee Decision APPROVED