About MUKHAIL ADETOKUNBO ABIRU

Greater Good to a larger number!

Our guiding mantra is a promise for all-round sustainable human capacity development and empowerment

Partners for social Good!

About MUKHAIL ADETOKUNBO ABIRU

Focused on Doing Good for Lagos East

  • 32 years of public & corporate experience
  • Serving as the Honourable Commissioner of Finance, Lagos State (2011 -2013)
  • Pioneer and former Managing Director/Chief Executive Officer of Polaris Bank Limited

Senator Mukhail Adetokunbo Abiru, FCA,  popularly known as “Tokunbo Abiru” is an accomplished Nigerian Banker, Chartered Accountant, and now a Public Servant. He is currently The Senator, representing Lagos East Senatorial district in the 9th Nigerian National Assembly, after 32 years of corporate experience (of which 29 years was spent in the banking industry).

He was the pioneer and former Managing Director/Chief Executive Officer of Polaris Bank Limited. He led the turnaround of erstwhile Skye Bank Plc, as Group Managing Director/Chief Executive Officer, under a CBN-induced take-over of the Bank, in a bid to avoid its collapse and also preserve the stability of the overall Nigerian Financial System.

His banking career was in top Nigeria Financial Institutions such as First of Bank of Nigeria (2002–16), where he rose to the level of Executive Director, Corporate Banking; and Guaranty Trust Bank (1991-2000).

Tokunbo Abiru also served on other notable boards as Non-Executive Director: FBN Capital Limited (now FBN Quest Merchant Bank Limited); FBN Bank Sierra–Leone Limited; Airtel Mobile Networks Limited; and Nigeria Inter-Bank Settlement System Plc (NIBSS).

During the course of his professional career, he also had the privilege of serving as the Honourable Commissioner of Finance, Lagos State (2011 -2013), under the transformational leadership of Mr. Babatunde Raji Fashola (SAN).

Senator Tokunbo Abiru holds a B.Sc. Economics from Lagos State University, and he is a Fellow of The Institute of Chartered Accountants of Nigeria (ICAN) and a Honorary Fellow of The Chartered Institute of Bankers of Nigeria (FCIB). He is an alumnus of both Lagos Business School (LBS) and Harvard Business School (USA).

Tokunbo Abiru retired from banking in August 31, 2020 and decided to go into Public Service. He contested for the bye-election of Lagos Senatorial East under the platform of All Progressives Congress (APC) Party, and won the election on 5, December 2020 with 89% of the total votes cast to become a Senator of Federal Republic of Nigeria.

Senator Tokunbo Abiru, FCA, is happily married to Mrs. Feyisola Abiru and they are blessed with children.

Our Values

The values that drive everything we do

Our #DoingGood to Greater Number mantra is the driving force behind our values.

Transparency

We operate an open door which encourages free flow of information and create new opportunities for our constituents.

Hard work

We work round the clock to ensure we bring people-oriented legislation, empowerment programmes & facilitations that'll raise the standard of living of our people.

Empathy

We understand your concerns and fears about our communities and nation. You are not alone.

Equality

Access to our programmes are devoid of tribalism, religious sentiment, colour and party affiliations.

Freedom

Wherever you live, we believe every Nigerian has the constitutional freedom to accomplish his or her dream without any encumbrances.

Innovation

This runs in our DNA. We'll continue to look for unique ways and partners that would make #DoingGood a Nigerian reality!

Achievements

Our achievements so far?

Our commitment to the good constituents of Lagos East senatorial district is unwavering

600

Annual Bursaries To Brilliant Students In Tertiary Institutions

150+

Youths & Entreprenuers undergoing digital & innovation skill development for future & flobal competitiveness

1000

MSMEs to access N300m revolving loan @ 6% per annum

2500

Beneficiaries Of Monthly COVID-19 cash support.

1800+

Beneficiaries received monthly financial assistance

20

MSMEs received N100,000 direct grant each

Our timeline

Browse Tokunbo Abiru’s timeline

Keep abreast of Senator Tokunbo Abiru's activities. Join our press room

September 15th 2022

N300 Million Revolving Loan: Senator Tokunbo Abiru Applauded For Fulfilling Promises To MSMEs, Constituents

The Chairman, Senate committee on industries and the Senator representing Lagos East Senatorial District, Distinguished Senator Mukhail Adetokunbo Abiru, FCA today in Lagos launched the N300Million Constituency Intervention Revolving Loan at 6% per annum for Micro, Small and Medium Enterprises (MSME) and entrepreneurs in Lagos East. The #DoingGood Senator was commended by dignitaries including the governor of Lagos State, Mr Babajide Olusola Sanwo-Olu, top executives of finance agencies in Nigeria and leaders of the party for fulfilling his promise he made to the people. ![senatorAbiru_revolvingLoan4msme_2.jpg](https://tact-space.fra1.digitaloceanspaces.com/e0c815beb9fd4a003b05d5695ed091ac.jpg) Beneficiaries who had been shortlisted for the high concessional loan were elated and thanked the Senator for providing the much needed support for their respective businesses. The fund size is N300 million at a highly concessional 6 % (All-in) single digit Interest Rate Per annum. Loan tenor between 3 to 18 months and limit per beneficiary is pegged N100,000 - N1,000,000. On why he is supporting MSMEs in the district, Abiru, a retired bank Chief Executive and former Commissioner for Finance in Lagos State said MSMEs played a pivotal role in economic development adding that they contribute hugely to the national Gross Domestic Product (GDP). ![senatorAbiru_revolvingLoan4msme3.jpg](https://tact-space.fra1.digitaloceanspaces.com/8d7c5fc77feb024148c76e738664730a.jpg) He said, “Micro, Small and Medium Enterprises (MSMEs) play an important role in the economic development process. This reality is acknowledged globally. They play crucial roles in job creation, income redistribution, mobilization of small savings, technology adaptation, economic inclusion and many more. In Nigeria, the MSMEs account for about 50% of our Gross Domestic Product and over 80% of employment and have footprints across all sectors of our economy. Therefore, they offer good channels for the realization of development objectives of job creation, economic inclusion and poverty reduction. ![senatorAbiru_revolvingLoan.jpeg](https://tact-space.fra1.digitaloceanspaces.com/946fabf6328b6e9c41b3ec64be380adf.jpeg) “Access to finance has been identified by various studies as one of the biggest challenges faced by small businesses in the Nigerian economy. Many MSMEs, out of desperation, take loans from informal financial markets and finance companies at outrageous interest rates, sometimes as high as between 50% - 120% per annum. MSMEs are also subjected to a lot of complex requirements such as loan collaterals, strenuous documentations, and bureaucratic processes which impede access to credit by these small businesses. “This Constituency Intervention Revolving Loan for MSMEs will go a long way in bringing succor to our numerous small businesses in the Lagos East Senatorial District. To ensure the sustainability of the scheme, we have developed a risk management framework to make the scheme an enduring and revolving facility that will impact many more people beyond the first round of beneficiaries”. Meanwhile, in June 2022, the Senator had dolled out N50,000 each to about 1,250 market women totalling N62.5million and also provided hand planters and working capital of N20,000 to about 200 rural farmers. Governor of Lagos State , Mr Babajide Olusola Sanwo-Olu, who was represented by his deputy Chief of Staff, Mr Gboyega Soyonwo said Senator Abiru has continued to keep faith with the people. The governor said, “ I commend my dear brother, distinguished Senator Mukhail Adetokunbo Abiru for Keeping faith with his constituents, the good people of Lagos East Senatorial District and the entire people of Lagos State through effective representation at the red chamber and the various empowerment programmes he has initiated including the one being unveiled here today. This is an example of the dividends of democracy our people desire and we will not relent in ensuring that the welfare and wellbeing of our people remain our one and only priority”. The Chairman of the occasion, Mr Olawale Edun, an international Finance expert, who is also the Chairman, ChapelHillDenham Group acknowledged that the Senator has brought great value into governance as an accomplished professional. The former Lagos State commissioner of Finance said; “ If you want to do anything that will be sustainable, do it the way the Senator has done it - bringing major institutions who will train and assist people and empower them to do their business. It is almost free money considering the 6% interest rate per annum. Take this money, use it well so that another person can benefit”. The Managing Director, Bank of Industries, Mr Olukayode Pitan, in his remarks charged MSMEs to reposition their businesses in line with post pandemic realities. He said, “The pandemic taught us many life-changing business lessons. We now know that new business owners’ top priority isn’t only finance but credible business intelligence and knowledge to guide their creation, survival and success strategies. The pandemic required resilient entrepreneurs to adapt their businesses to new economic realities, from making and branding their products to reaching customers’. Olawale Fasanya, Director General , Small and Medium Enterprises Development of Nigeria (SMEDAN) said he was also a beneficiary of the good deed of Senator Abiru. “ I am not sure the people of Lagos East know the kind of Senator they have. In my 19 years of working at the SMEDAN, I have not seen this kind of Senator. He is very passionate about the wellbeing of his constituents”. The Executive Secretary, Lagos State Employment Trust Fund (LSETF), Tejumola Abisoye, who was represented by Omolara Adewunmi , Director, Programmes, LSETF said the agency was pleased to partner with the office of the Senator in implementing the laudable initiative. She said 6% Interest per annum which was subsidized by the Senator is the lowest MSMEs can get anywhere. “No financial institution can give you that. Even at LSETF we do 9%”, Adewunmi disclosed. The Chief Executive Officer, The Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf commended Senator Abiru for promoting economic wellbeing of his constituents. He said, “This remarkable initiative by distinguished Senator Tokunbo Abiru resonates perfectly with our core mandate as a civil society organization, which is the promotion of private enterprise. “We believe that to salvage this economy and ensure social stability, we must promote the growth of private enterprises, especially the small businesses. And we must do this in a manner that is impactful and sustainable. In the light of this, it is the belief of the CPPE that this initiative deserves all the necessary support”.

September 1st 2022

N130million Disbursed In 20 Months To Beneficiaries Of Senator Tokunbo Abiru COVID-19 Financial Relief Scheme;

The Chairman, Senate Committee on Industries and the Senator representing Lagos East Senatorial District in the last 20 consecutive months has disbursed a total of N130,000,000 (One Hundred and Thirty Million Naira) to vulnerable people in Lagos East Senatorial District under his COVID-19 Financial Relief Scheme. The scheme covers over 2,500 beneficiaries comprising widows; People with physical disabilities; aged; unemployed youth and women who receive direct credit transfers of N5,000 each into their respective bank accounts every other month. These beneficiaries were nominated by 98 ward chairmen, Local Government Party chairmen, Community Development Committees (CDCs), Governance Advisory Council(GAC)leaders, Royal fathers, League of Imams, Christian Association of Nigeria (CAN) and notable leaders in the 16 LGs/LCDAs of the Lagos East Senatorial district. The scheme which kicked off in January 2021 was earlier planned to terminate in December 2021, but the Senator graciously continued in the new year as the economic headwinds occasioned by the COVID-19 pandemic are yet to fully abate. Abiru, fondly called the #DoingGood Senator said his concern for the plight of the poor necessitated the continuation of the financial support to ease the hardship of the vulnerable at the bottom of the socio-economic pyramid. The #DoingGood Senator who has been delivering on his mantra of, ‘Greater good to the larger number of people’, has been greatly commended for his novel interventions and programmes. In response to complaints from some beneficiaries as regards their bank details and other particulars. The office of Senator Tokunbo Abiru has attached a comprehensive list of all beneficiaries to this release for affected persons to cross-check and revert with correct details or corrections where applicable. All corrections should be directed to Mr. Hamzat Jimoh (0802 696 0566) and Miss Patience Ishaya (0803 442 7622). [COVID-19 PALLIATIVE GRANT BY SENATOR ABIRU - 29.08.2022 - Full List](https://tact-space.fra1.digitaloceanspaces.com/119cc97ffe8545d623b4888694507d49.pdf)

August 29th 2022

Bank MDs, Top Corporate Executives, Visit Senator Abiru Innovation Lab (SAIL), Pledge Support , Employment For Outstanding Participants

The Managing Director of Sterling Bank, Mr Abubakar Suleiman, Deputy Managing Director Access Bank, Mr. Victor Etuokwu , Chairman, Chapel Hill Denham Group, Mr Olawale Edun, Senior Banking Advisor , Retail Banking, Access Bank, Robert Giles, Head Payment Systems, Access Bank, Kemi Okusanya and Chief Executive Officer, Alpha African Advisory, Sanyade Okoli, were among corporate executives that visited the Senator Abiru Innovation Lab (SAIL), the first of its kind Innovation Lab in Lagos East Senatorial District on Monday. ![Bank MDs, Top Corporate Executives, Visit Senator Abiru Innovation Lab (SAIL), Pledge Support , Employments For Outstanding Participants ](https://tact-space.fra1.digitaloceanspaces.com/663db43bb568693cdf0fd926d5f1edb3.jpg) The Senator representing Lagos East, Distinguished Senator Mukhail Adetokunbo Abiru, FCA in the company of his admirable wife, Mrs Feyisola Abiru brought the top executives to SAIL to assess the quality of training, faculty and facility for possible partnership and employment opportunities for participants. The accomplished individuals also addressed the Tech Talent Class numbering about 30 participants who have been learning software engineering - HTLM, CSS, JavaScript, React, Node JS, & Mondo DB free of charge for the past five months. These participants get free standard lunch and transportation allowance whenever they come to class. The Executives who were impressed by the ideology of SAIL, especially the vigour and creative leadership style of Senator Abiru pledged to support SAIL and to give employment opportunities to outstanding talents for tech related openings in their various corporations. ![senatorAbiru_sailCEOs_3.jpg](https://tact-space.fra1.digitaloceanspaces.com/67efc5b43db57b624969d05c10134331.jpg) A former Lagos State Commissioner for Finance, Mr Olawale Edun alongside his wife, Mrs Adwoa Edun also spoke on the need for participants to cherish relationships as they move up in life. He specifically commended young ladies who showed interest in technology. According to him, what the Senator has done is called shared prosperity. Edun, an accomplished economist and international Finance expert, described Senator Abiru as a gold standard for measuring qualitative legislative representation. Dr Tayo Oyedeji, MD/CEO, Insight Redefini, in his remarks said Senator Abiru has made a huge impact in the lives of constituents especially the youths. He said the quality of faculty is world class. “What you are learning are globally relevant skills that can obviously meet your needs and the needs of people around you. Just take your time to learn and apply yourself and be rest assured the future is bright”, the brand communication expert said. ![senatorAbiru_sailCEOs_1.jpg](https://tact-space.fra1.digitaloceanspaces.com/f62abd70d8e5db840bdeaf9b12c31a7a.jpg) Kemi Okusanya, in her address to participants of Tech Talent, urged them to give their best to training stressing that the Senator has provided a platform for them to succeed in life. “ I make sure that I am best in what I do, I think that is what distinguishes you when you are out of here. If the guideline is to do 10, you should do 20. That distinguishes you and you start to make a mark for yourself”, Okusanya admonished. ![senatorAbiru_sailCEOs_2.jpg](https://tact-space.fra1.digitaloceanspaces.com/cc28611c69203729b767aff133b392f4.jpg) Wife of the Senator, Mrs Feyisola Abiru, spoke about the passion of her husband to see young people succeed. She urged the participants to give the training all their best. ‘The only way you can pay him back is to succeed in life’’, Mrs Abiru told SAIL participants. The guests , including former APC Lagos East Vice Chairman, Asipa Kaoli Olusanya and Special Adviser to Senator Abiru on Constituency Matters, Dr(Otunba)Saheed Ibikunle also visited the permanent site of SAIL which is expected to be completed before the end of September, 2022. The purposely built facility will cater for a minimum of 500 to 800 people every year with the complementary of online learning to several thousands also. The facility also has a 30-man co-working space and will also support youth in the neighbourhood with free power, internet and other facilities as they create their own story within the tech ecosystem. SAIL, an initiative of the Tokunbo Abiru Constituency Team (TACT) Foundation, is a dedicated innovation and tech lab that is providing relevant technology, business and digital skills to tech enthusiasts and young entrepreneurs across the Lagos East Senatorial District. The Lab was set up in partnership with a renowned technology and Social Enterprise company, The Co-creation Hub (Cc-HUB). The Center located in Ikorodu, Lagos State, Nigeria has trained hundreds of young people. Participants who have successfully undergone in the 5-pilot programmes (Cohort 1) of SAIL had graduated.

August 24th 2022

Senator Tokunbo Abiru Greets Rt Hon Adeyemi Sabit Ikuforiji On His Birthday

Today, I celebrate a respected political figure in Epe Division and member of Governance Advisory Council (GAC), former Speaker, Lagos State House of Assembly, Rt Hon Adeyemi Sabit Ikuforiji, on his birthday. Speaker, we celebrate your steadfastness as a true democrat who holds the ideals of our great party in highest esteem. We are proud of your sacrifices and contributions to our dear party, the All Progressives Congress (APC) in Lagos State. ![kuforiji_Greetings.jpg](https://tact-space.fra1.digitaloceanspaces.com/cac9e4a011e467e683863be65a68eef5.jpg) Years after you left the State Assembly, you have continued to sustain your relevance in the political space as a highly resourceful political force. in the Lagos State House of Assembly. As the Speaker of the House between 2005-2015, your records speak for you.Your sterling achievements and dynamic leadership style remain a reference point. The people of Epe and Lagosians in general will never forget your selfless service to the state. On this auspicious occasion of your birthday, I join your family and political associates and well wishers to wish you happy birthday and pray that Almighty God grants you good health and vitality as you age gracefully! Happy birthday. Congratulations! #TokunboAbiruIsDoingGood