According to NAN, the lifted embargo implies that all MDA’s and certain categories of the state workers of the state are now free to do business with the banks.
The Fayose-led administration in May 2016 placed a “non-patronage” ban on the three banks and forbade government Ministries, Departments and Agencies (MDAs) as well as workers in its employ from transacting business with them.
The sitting governor, with is new directive, has dismissed the embargo, making it possible for MDAs and staff of the state to transact business with the banks.
Meanwhile, the office of the State’s Accountant General has been directed to issued a memo to all heads of MDAs to ensure that the embargo is set aside.
According to the Chief Press Secretary to the Governor, Mr Yinka Oyebode, the embargo was lifted in a bid to rekindle and strengthen the age- long relationship between the affected banks and the state government.
” Government took the decision after a careful review of the developments that led to the purported embargo by the immediate past administration
” 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,” Oyebode said.