Ekiti State Governor, Dr Kayode Fayemi has lifted the embargo placed on three banks in the state by the immediate past administration of Ayodele Fayose.
The state government had in May 2016 placed a “non-patronage” ban on the banks- Ecobank, GTbank and Zenith Bank Plc, forbidding the state government, its Ministries, Departments and Agencies (MDAs) as well as workers from banking with them.
Fayose reportedly banned the three banks following their alleged refusal to give financial support to some Corporate Social Responsibility (CSR) projects, among other reasons.
According to a memo from the office of the State’s Accountant-General to all heads of MDAs, patronage with the banks can resume immediately.
Chief Press Secretary to the Governor, Mr. Olayinka Oyebode, said in a statement on Sunday that the embargo was lifted in a bid to rekindle and strengthen the age- long relationship between the affected banks and the state government.
“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,” the statement said.