Fayemi lifts embargo on Ecobank, GTB, Zenith Bank

Kayode Fayemi, governor of Ekiti, has lifted an embargo placed
on Guaranty Trust Bank, Zenith Bank and Ecobank from operating in
the state.

Ayodele Fayose, immediate past governor of the state, had in
2016 ordered a non-patronage of the banks following the freezing of
his accounts by the Economic and Financial Crimes Commission
(EFCC)

In a statement signed on Sunday by Yinka Oyebode, press
secretary to Fayemi, all ministries and agencies in the state have
been directed to resume patronage of the banks.

The statement read: “The Fayose-led administration had in May
2016 placed a “non-patronage” ban on three banks- Ecobank, GTbank
and Zenith Bank Plc and forbade government Ministries, Departments
and Agencies (MDAs) as well as workers from transacting business
with them.

“Governor Fayemi in quashing the directive on the embargo,
earlier in the month, also directed that all MDAs should resume
patronage of all the banks immediately.

“Consequently, the office of the State’s Accountant General has
issued a memo to all heads of MDAs to give effect to the Governor’s
directive lifting the ban.

“Government took the decision after a careful review of the
developments that led to the purported embargo by the immediate
past administration.

“The Fayemi administration is committed to the infrastructural
and industrial development of the state. In achieving this, it will
create a conducive atmosphere for business to thrive in the state
by partnering with the private sector and encouraging private
initiatives, among others.”

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