Zenith Bank denies funding Ekiti state governorship election

Date:

Zenith Bank Plc

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* Issues press release regarding alleged funding of Ekiti state governorship election

* Says “Did not fund the governorship election of Ekiti state or indeed any other election in the country”

According to the press release from the Bank. The issue involved in this case has to do with investigation bordering on the account of the Governor of Ekiti State by the Economic and Financial Crimes Commission (EFCC). The Bank was never a party to the matter. The Economic and Financial Crimes Commission (EFCC) wrote the bank in the course of its investigation to make enquiries and also directed that the bank temporarily suspend operation on the account pending conclusion of investigations, wjich the bank complied with.

Zanith Bank did not fund the Governorship election of Ekiti State or indeed any other election in the country. As a policy the bank did not make political donations or fund any political association or party.

Zenith Bank Plc as a foremost financial institution maintains a very cordial relationship with the Authorities of all its host states where it has business offices including Ekiti State.

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 til date. There was therefore, no incentive to fund the election as alleged.

Zenith Babk 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.

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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