Ekiti State Government Stops Banking With Zenith Bank Plc

The Ekiti State Government has stopped all transactions with Zenith Bank Plc, according to a circular from the office of the state Accountant General.

This is as a result of the fallout between the state Governor Ayo Fayose and the bank a few months ago when the private accountant of the governor was frozen.

The bank had frozen the account of the governor on the order of the Economic and Financial Crimes Commission, EFCC on May 24.

The commission had alleged that the governor laundered about N1.2 billion believed to be a share of the arms funds from the office of the National Security Adviser.

According to a circular, the state government ordered all Ministries, Departments and Agencies (MDAs) to stop transactions with the Zenith Bank within 48 hours.

It will be recalled that the governor sued the bank for complying with EFCC to freeze his personal account.

Findings, however, showed that all the state Permanent Secretaries, Managers of agencies and other top public servants have since complied with the order.

“Since Tuesday that the circular came out, we have begun to carry it out as directed,” a top government official said.

In the circular, signed by the Accountant General, Mrs O. O. Owolabi, and titled: “Stoppage of banking relationship with the Zenith Bank Plc”, Fayose said that he would address the state on it.
At present, workers’ salaries will not be paid into Zenith Bank anymore while the government is yet to announce a new bank that will handle this.

However, in the meantime, workers have been advised to submit a personal bank account of their choice to their department to process their salaries.