The Ekiti state governor, Ayo Fayose, seems to
bent on chasing Zenith Bank out of the state as
he has ordered the state to stop transacting
business with Zenith Bank.
Reports say that the action is connected with the
face-off between him and Zenith on the freezing
of his personal accounts domicilled in the bank by
the Economic and Financial Crimes Commission
(EFCC).
According to a circular from the Office of the
Accountant General on Tuesday, all Ministries,
Departments and Agencies (MDAs) must comply
with the order within 48 hours.
The circular, which was signed by the Accountant
General, Mrs. O.O. Owolabi, is titled: “Stoppage of
banking relationship with the Zenith Bank Plc.”
It reads: “The state government has directed
immediate stoppage of all banking relationships
with Zenith Bank.
“All Ministries, Departments and Agencies (MDAs)
are expected to adhere strictly to this instruction
and sever transaction with the bank within 48
hours.
“By extension, workers’ salaries cease to be
remitted to salary accounts domicilled with the
bank forthwith. They are, therefore, advised to
supply alternative bank accounts with their
respective MDAs for transmission to this office
within 60 days.
“Kindly, give the contents of this circular the
widest publicity it deserves. The governor is
poised to address the state on the matter in due
course. Thank you.”
The fear of job loss has gripped Ekiti indigenes
working in the bank, especially the main Ado-Ekiti
branch on Secretariat Road and the campus
branch at Ekiti State University (EKSU).
The EFCC on May 24 froze two Zenith Bank
accounts belonging to Fayose for alleged
laundering of about N1.2 billion believed to be
part of the arms fund from the ex-National
Security Adviser (NSA), Col. Sambo Dasuki (retd.)
Fayose claimed Zenith Bank funded his campaign
but the bank denied the allegation.
The Ekiti state governor, Ayo Fayose, seems to
bent on chasing Zenith Bank out of the state as
he has ordered the state to stop transacting
business with Zenith Bank.
Reports say that the action is connected with the
face-off between him and Zenith on the freezing
of his personal accounts domicilled in the bank by
the Economic and Financial Crimes Commission
(EFCC).
According to a circular from the Office of the
Accountant General on Tuesday, all Ministries,
Departments and Agencies (MDAs) must comply
with the order within 48 hours.
The circular, which was signed by the Accountant
General, Mrs. O.O. Owolabi, is titled: “Stoppage of
banking relationship with the Zenith Bank Plc.”
It reads: “The state government has directed
immediate stoppage of all banking relationships
with Zenith Bank.
“All Ministries, Departments and Agencies (MDAs)
are expected to adhere strictly to this instruction
and sever transaction with the bank within 48
hours.
“By extension, workers’ salaries cease to be
remitted to salary accounts domicilled with the
bank forthwith. They are, therefore, advised to
supply alternative bank accounts with their
respective MDAs for transmission to this office
within 60 days.
“Kindly, give the contents of this circular the
widest publicity it deserves. The governor is
poised to address the state on the matter in due
course. Thank you.”
The fear of job loss has gripped Ekiti indigenes
working in the bank, especially the main Ado-Ekiti
branch on Secretariat Road and the campus
branch at Ekiti State University (EKSU).
The EFCC on May 24 froze two Zenith Bank
accounts belonging to Fayose for alleged
laundering of about N1.2 billion believed to be
part of the arms fund from the ex-National
Security Adviser (NSA), Col. Sambo Dasuki (retd.)
Fayose claimed Zenith Bank funded his campaign
but the bank denied the allegation.
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