Tuesday, July 19

Lobatan! Zenith bank denies sponsoring Fayose's election campaign

Contrary to the claims of Ekiti state governor Ayodele Fayose that his 2014 governorship election campaign was funded by Zenith Bank, the bank has rebuffed the claim saying it has never funded the election of any politician.

The bank, which had remained quiet over the issue, yesterday issued a statement signed by its Head of Corporate Communications, Victor Edoji and made available on the website of the Nigerian Stock Exchange saying: “Zenith Bank did not fund the governorship election of Ekiti state or indeed any other election in the country.

Zenith Bank in the statement issued however explained  that it was never a party to the EFCC investigation regarding the account of the governor of Ekiti state.

“The EFCC wrote to the bank in the course of its investigation to make enquiries and also directed that the bank temporarily suspend operations on the account pending conclusion of investigations, which the bank complied with.
“As a policy, the bank does not make political donation or fund any political association or party. The bank’s only branch in Ekiti state predates the assumption of office of the current administration.
“Moreover, the bank does not hold any business account of Ekiti state till date. There was therefore no incentive to fund the election as alleged. Zenith bank management would like to reassure and state that it will continue to conduct its business in line with best practices and extant banking laws and regulations,” the bank explained.
Governor Fayose is said to have obtained money from the controversial loot of Col Sambo Dasuki, the former NSA.

The EFCC had placed restrictions on the  accounts of Fayose and Musiliu Obanikoro saying it had traced funds from the office of the NSA to their accounts. The commission said the funds, amounting to about N4.7billion, was moved from accounts operated by two of Obanikoro’s sons where it was transferred to Fayose’s Zenith Bank Account in Ado-Ekiti.

An associate of governor Fayose, Abiodun Agbele is currently in the EFCC net, he is said to have received N1.219bn from a former minister of state for defence, Musiliu Obanikoro. The funds were received on behalf of Fayose during the build-up to the Ekiti governorship election in June 2014.

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