Ekiti State Governor, Dr. Kayode Fayemi has lifted the embargo placed on some banks by the defunct Ayodele Fayose Administration.
Former Governor Fayose 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.
But Fayemi, in quashing the embargo, earlier this month, also directed that all MDAs should resume patronage of the affected 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 Fayemi’s directive.
A statement byYinka Oyebode, Chief Press Secretary to the Governor, 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 statement stated further that the Fayemi Administration is committed to the infrastructural and industrial development of the state. And “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.”
