Fayemi lifts embargo on banks in Ekiti

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Governor Kayode Fayemi of Ekiti has lifted the no-patronage embargo
placed on Ecobank, GTBank and Zenith Bank by his predecessor, Mr. Ayo
Fayose.

With this development, all MDA’s and certain categories of the state workers are now free to do business with them.

Governor Kayode Fayemi

The Fayose-led administration in May 2016 placed a “non-patronage”
ban on the three banks and forbade government Ministries, Departments
and Agencies (MDAs) as well as workers in its employ from transacting
business with them.

Governor Fayemi in quashing the embargo, also directed that all MDAs
and their staff could now resume patronage of all the banks.

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.

According to the Chief Press Secretary to the Governor, Mr Yinka
Oyebode, the embargo was lifted in a bid to rekindle and strengthen the
age-long relationship between the affected banks and the state
government.

” 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,” Oyebode said.