More Trouble for Fayose: Zenith Bank MD Official Denies Him

The Managing Director of Zenith Bank, Mr. Peter Amangbo, has denied that the bank sponsored, in any way, the governorship campaign of Ayodele Fayose in 2014, contrary to the governor’s claim.

Amangbo told the EFCC that the bank had only one branch in Ekiti State, wondering why the bank would invest in Fayose when the state government had no account with the bank.


Fayose had claimed that his campaign was funded by the bank and a few private individuals.

But the bank MD said at no time did he hold a meeting with Fayose and his friend, Agbele.

A source at the EFCC stated that Amangbo said at no time did he meet with Abiodun Agbele or any other representative of Fayose. He said the allegation that the bank funded his election was false.

“He further stated that at no time did Fayose and the chairman of the bank, Mr. Jim Ovia, and himself hold a meeting. He said the bank, as a matter of policy, did not sponsor political groups or elections.”