Facts have emerged over why Governor Ayodele Fayose is up in arms against Ecobank in Ekiti State.

Fighting from two flanks, Fayose launched his battle first against the bank over its refusal to meet Fayose's outrageous demand of N1billion in bribe as his share from the N5b loan granted former Governor Kayode Fayemi's administration, but instead the bank insisted to offer support for the state government infrastructure development by way of corporate social responsibility, which Fayose declined.

The Monitors authoritatively gathered that Fayose's anger against Ecobank dated back to 2014 when he emerged as Governor-elect. When Fayose discovered that Ecobank loaned the Fayemi administration N5 billion in early 2014 for the completion of some legacy projects, such as the New Government House, the Oba Adejugbe General Hospital and the Pavilion, among others, Fayose was furious because he concluded, though wrongly, that Ecobank gave Fayemi's government the loan to prosecute that year's June gubernatorial election.

When Fayose was sworn in on October 2014, he bared his fangs on Ecobank by ordering the withdrawal of a huge government fund to the tune of N800 million at a go!

The management of the bank sought audience with the Governor and pleaded with him not to run them out of business in the state.
Fayose listened to them and gave them a condition that the bank must be ready to part with huge sums of money, which Fayose said was for the development of the state but which in actual fact was a bribe that would end up in his pocket. The bank offered to part with some funds running into hundreds of millions of naira for the development of the state in line with their corporate governance policy but Fayose rejected this offer and insisted the bank must part with N1 billion before he would allow them a breathing space in the state. The bank felt scandalised by this ridiculous demand by the governor.

Fayose's another angst against the bank emerged when the governor levied all banks in the business district along the state secretariat on Bank Road in the state capital to pay development levy of N5milion each to repair Secretariat Road.

Ecobank and many other banks in the state refused to part with the money but Fayose singled out Ecobank and GTB for punishment by removing the culverts at the entrances to their premises so that no customer can drive into the banks.
The funds that Fayose forced the banks to cough out had been spent by him to do a shoddy job on the Bank Road, which he commissioned in its rough state recently with eight visiting governors in attendance.

Not done, Fayose brought his hammer on Ecobank by issuing a directive for all MDAs, civil servants and pensioners to close down their salary accounts with the bank while all government officials are forbidden from transacting business with the bank. We reliably gathered that Ecobank has weighed its options and chosen to let Fayose be for the next two years.

The implication of this is that the bank may be forced to close down all its branches in Ekiti State and lay off its over 100 staff who are Ekiti indigenes. The governor by his action is ready to throw over 100 Ekiti families into the labour market just because the bank refused to satisfy his insatiable appetite for primitive accumulation of wealth. 'Ore Mekunu' indeed!

For the pensioners and other respected senior citizens, they will now be made to go through the rigours of opening new bank accounts again when they should be at home enjoying their well-deserved rest after serving the state meritoriously.

Most of the individual pensioners accounts are jointly run by them and their children due to illnesses associated with old age( because they can't come to the bank again for transactions personally), and the self-acclaimed Governor of the people now wants to make these respected aged people suffer by withholding their pensions if they refuse to obey his directive.
The Monitors will keep you posted about further developments in the days to come.

The Monitors
7/5/16

BARBARIC .... but let me hear from Lere Olayinka, because I think the State govt is on an aggressive IGR drive, which has pitched the government against so many organisations including the catholic church. The Bank road job that links with the textile road my friend is not a shoddy job.... who bank epp sef? Give loan to SME's no, to Entrepreneurs No, you prefer to chop with politicians, OYO 4 U.

For real?

And the ekiti govt would keep tackling PMB

Where is the picture of the bank walking away from ekiti state

This is serious!

The mad man chop the road comot from their front.

What a barbarian.

duduade:
Where is the picture of the bank walking away from ekiti state

co-ask

Zombies abiakwala ozoo!!!!

omenka:
This is serious!

The mad man chop the road comot from their front.

What a barbarian.

That, wasn't part of the story na!

Terry68:




That, wasn't part of the story na!

But the picture is there na. Abi u no see am?

The story get k- leg

Terry68:




That, wasn't part of the story na!

You didn't see the picture to that effect?

ionsman:

You didn't see the picture to that effect?

omenka:
But the picture is there na. Abi u no see am?

See! Na morning be this o....

The same thing happen in his first tenure when he threatened to burn down a banks office building.

That is some people's hero. Outdoing the afenshers in chasing investment from the region. Next is the telecoms providers. By the time fayose is done, his rice will be all that's left for the populace.

Fayose should chill joor

OP my question for u is whr did u get dis fact Am not supporting FAYOSE but I need to b sure u not one of does stupid OP who end up putting others in trouble ...Am from EKITI state and pls will like to know whr u get ur fact .


Thanks

Source [size=8pt][/size]

fountain of knowledge rules by a thug and unintelligent slowpoke, I don't blame him only blame those who voted for him cuz of 1kg of rice. You are closing down businesses in this period of high unemployment in the land.

Hmmmm

The arrogant and Shameless man doesn't know that he is only punishing the people in his state. If you run then out of business and they leave your state it's the employment of lots of people that he messing with.

Anyway I don't expect much from a tout

hmnm

searchng4love:
BARBARIC .... but let me hear from Lere Olayinka, because I think the State govt is on an aggressive IGR drive, which has pitched the government against so many organisations including the catholic church. The Bank road job that links with the textile road my friend is not a shoddy job.... who bank epp sef? Give loan to SME's no, to Entrepreneurs No, you prefer to chop with politicians, OYO 4 U.

You must think you are clever putting pictures of the road to help Fayose's PR!

Fayose levied (not normal corporate tax) all banks and big biz in Ekiti to fund proposed projects but Ecobank (International bank) wasn't playing ball, anything outside taxes, no bueno.....

They probably aren't even making enough in ekiti to warrant paying big for Fayose's PR bills.


That road rehab wasn't allocation or IGR, banks and other biz were forced to donate, very soon, some others will take the ecobank route.

Ekiti kete already know dem buy market but a combination of shame and Fayose's community thugs dare not let them speak out, someone calling another a dictator when he is a combo of Stalin, Pot and Hitler in one body!!

Na this kind news dem go talk say e get K-leg. If na the one wey say Fulani herdsmen kill 10 in Abia dem go say na fact even before a blink of an eye. Shegu kawai!

modath:



You must think you are clever putting pictures of the road to help Fayose's PR!

Fayose levied (not normal corporate tax) all banks and big biz in Ekiti to fund proposed projects but Ecobank (International bank) wasn't playing ball, anything outside taxes, no bueno.....

They probably aren't even making enough in ekiti to warrant paying big for Fayose's PR bills.


That road rehab wasn't allocation or IGR, banks and other biz were forced to donate, very soon, some others will take the ecobank route.

I need a baby from you not political arguments.

Fayose the crude and barbaric governor sent as a shame to the people of Ekiti state. In this age when some past public office holders are regretting their graft offence, he is still demanding bribe and abusing your office. You will SURELY cry very soon when you called to account for your stewardship.

YOU SEE, AT HOME HE CANT HELP BUSINESS AT HOME YET HE GOES ADDRESSING TOURISTS. GOD HELP D STOMACH INFRASTRUCTURE PEOPLE OF EKITI STATE

Let them leave at least if he can't employ people he should at least make them jobless. That is his own ideological way of governing

If true then its unfortunate; extortion is fast becoming a part of the Nigerian culture.

hihihihi


heehehehehe

Ekiters have entered an unpainted one chance vehicle one can only hope for the best worst outcome

The government of the day

The agbero governor, is he not a pdp governor? I am not surprise at the new because corruption is natural with pdp.

I and Nigerian women L♥√ع Fayose. Go on A̶̲̥̅̊Ω̴̩̩̩̥D̶̲̥̅̊ rebuild this government, after the disaster ☀̤̣̈̇f 2018.