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!
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.
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!
Our achievements so far?
Our commitment to the good constituents of Lagos East senatorial district is unwavering
Browse Tokunbo Abiru’s timeline
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July 18th 2024
Senate Passes Nigeria Insurance Industry Reform Bill, 2024 For Second Reading
The Nigeria Insurance Industry Reform Bill, 2024 (SB 393), sponsored by the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Mukhail Adetokunbo Abiru, FCA (Lagos East), and 41 other Senators, passed second reading at the Senate on Thursday. Senator Abiru, in his lead debate, addressed the Senate on the general principles of the bill that seeks to provide a comprehensive legal framework for the regulation and supervision of all manner of insurance businesses in Nigeria. Speaking on the bill, Senator Abiru decried the low penetration of insurance services in Nigeria, despite being one of the oldest industries in the nation’s financial services sector. He put the penetration rate at 0.5%, ranking 70th globally and 5th in Africa. Abiru, an accomplished economist and accountant, who retired as a bank Chief Executive, argued further that, “With its (Nigeria's) young and vibrant population and growing GDP, the potential for exponential growth is undeniable. However, to truly thrive in the next decade, the industry must reform in order to take advantage of the opportunities and contribute to economic growth in the country”. In reference to the extant laws that regulate the practices of various insurance businesses, like the Insurance Act, 2003, the Marine Insurance Act, Motor Vehicles (Third Party Insurance) Act, National Insurance Corporation of Nigeria Act, and Nigeria Reinsurance Corporation Act, these laws, according to Senator Abiru, have become obsolete and ineffective in the wake of innovations and dynamics that have characterized the practices of insurance in recent time. He highlighted the specific objectives of the bill and the general benefits to Nigerians, and the economy. The bill consolidates various existing pieces of legislation regulating the conduct of insurance businesses in Nigeria such as the Insurance Act, 2003 the Marine Insurance Act, Motor Vehicles (Third Party Insurance) Act, National Insurance Corporation of Nigeria Act, and Nigeria Reinsurance Corporation Act. The bill seeks to provide a robust legal and regulatory framework that will ensure that the Insurance sector contributes positively to the principal objective of the Financial System Strategy to make Nigeria Africa’s financial hub and one (1) of the twenty (20) largest economies in the world; Evolve effective risk based supervision, in the regulatory system as the existing rule based supervision, enabled by the current laws has become obsolete. The Senators unanimously hailed the provisions of the bill and commended Senator Abiru for coming up with the well-researched and critical bill that will revolutionize the insurance sector in Nigeria.
June 13th 2024
Senator Tokunbo Abiru Gives Out Over 8,500 Food Packs To Lagos East Constituents For Eid-el-Kabir Celebrations
Over 8,500 households in the Lagos East Senatorial District, today benefited from the Ileya edition of the Food Pack distribution programme of Senator Mukhail Adetokunbo Abiru. Excited beneficiaries who were drawn from the 16 Local Governments and Local Council Development Areas of the district, thronged venues of the Food pack distribution in their respective communities.  This kind gesture is coming barely 90 days after the Senator shared over 10,000 Foodpacks to residents, particularly vulnerable people in the Senatorial District, in commemoration of his 60th birthday.  Senator Abiru, who is the Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, and also Chairman, Southern Senators’ Forum, in his Sallah goodwill message to esteemed Constituents of the district, reiterated his commitment to the pursuit of laws, programmes and interventions that will improve their quality of life, and that of all Nigerians.  He expressed concerns over the state of the economy, particularly the high cost of staple food during this festive season, he enjoined the people to exercise patience with the government of President Bola Ahmed Tinubu, as the far-reaching policy decisions of his administration will soon start producing desired results.  Senator Abiru expressed optimism that his Food Packs Programme, will further cushion the impact of the hardship on Lagos East residents, amidst other frantic interventions of the Federal Government in ensuring food security, commodity prices stability and various interventions by our own State Governor, Mr. Babajide Olusola Sanwo-Olu.  It should be noted that this is not the first direct humanitarian assistance for the needy that Senator Abiru has done. It will be recalled that the Lagos East Senator disbursed more than N150 million Naira in about 24 months to over 2,500 vulnerable people under his COVID-19 Financial Relief Scheme. Every month, beneficiaries received direct credit of N5,000 each for the period the programme lasted.  The distribution of these food packs is to put a smile on the faces of residents of Lagos East Senatorial District, and to ensure they have merry Eid-el-Kabir Sallah celebrations. 
May 23rd 2024
Senator Tokunbo Abiru Distributes Free Farm Inputs To Over 300 Local Farmers In Lagos East To Boost Food Production
In a bid to boost food production in Lagos East Senatorial District, Senator Mukhail Adetokunbo Abiru, FCA , has facilitated farm inputs, containing fertilisers, seedlings and herbicides, for over three hundred local farmers in the agrarian communities of the district for the planting season. The National Agricultural Land Development Authority (NALDA) provided the farm inputs through the intervention of the Senator.  The empowerment is one in the series of agric-focused direct interventions targeted at livestock and crop farmers in majorly agricultural communities of Ikorodu, Epe, and Ibeju-Lekki Local Government Areas, under the Lagos East Senatorial District. It will be recalled that in November, 2023, over 100 livestock farmers received fully vaccinated Chickens, feeds and cages to scale up their poultry business, after receiving training from experts on how to nurture their birds, reduce mortality and make it big in the poultry business.  Mr. Enitan Olukotun, the media aide to Senator Abiru, who represented him at the event, expressed profound gratitude to President Bola Ahmed Tinubu, GCFR, for his far-reaching, bold reforms across sectors of the economy, particularly agriculture, which is geared at ensuring national food production and security.  “In June 2022, in Epe Local Government, Senator Abiru provided hand planters and grants to over 200 rural farmers and also empowered over 1,250 market women. In 2023, 250 farmers also received MPK fertilisers facilitated by the Senator. In the same vein, over 700 Micro, Small and Medium Enterprises (MSMEs) owners benefitted from the SMEDAN MSMEs Grants and empowerment he facilitated '’, he added  According to Olukokun, Senator Abiru, had impacted the people of Lagos East in various remarkable ways, reeling out his impressive scorecard in the areas of Agric, support for MSMEs, facilitation of construction of schools, mini-stadia, markets, electricity transformers, road construction and rehabilitation, water projects across the entire Senatorial district and the establishment of the one of its kind Innovation labs in the country, the SAIL Innovation Lab.  In his remarks, the Chief Executive Officer/ Executive Secretary, Prince Paul Ikone, represented by the agency’s Information Communications Technology, ICT Director, Mr. Chima Onuha said the partnership with Senator Abiru is in accordance with the Renewed Hope Agenda of the President Bola Ahmed Tinubu on agriculture development and food security. One of the beneficiaries of the fertiliser, Owolabi Odulaja, thanked Senator Abiru for fulfilling promises he made to them. He said, ” This initiative will help the people to tackle poverty. We thank President Bola Ahmed Tinubu, NALDA and Senator Tokunbo Abiru for this great support at this challenging economic period”.  Prominent stakeholders in the agric sectors and political leaders who extolled Senator Abiru’s efforts at ensuring food security include Dr. Hakeem Adetugbobo, Apostle Victor Odunsi, Alhaji Rilwan Ishola Jinadu, Alhaja Sheifat Abiodun Ogunniyi, Alhaji Sulaimon Musiliu Adewale (Ola-four), South West Chairman, All Farmers Association of Nigeria (AFAN), Otunba (Dr.) Femi Oke, among others.
April 29th 2024
Lagos Business School Don, Prof. Olayinka David-West Visits SAIL Innovation Lab, Lauds Remarkable Impacts On Youths
A renowned Professor of Information Systems, Professor (Mrs) Olayinka David-West on Wednesday visited the iconic SAIL Innovation Lab in Ikorodu, founded by Senator Mukhail Adetokunbo Abiru, FCA and his wife, Feyisola as part of their endowment.  Prof. David-West, the Associate Dean at the Lagos Business School (LBS), who is a passionate advocate of digital transformation, which the SAIL Innovation Lab is promoting , commended the promoters of the Innovation Lab for the vision in galvanising the youths of Lagos East for the endless possibilities and opportunities that the digital and tech space presents.  Speaking with hundreds of participants at the Innovation Lab, Mrs. David-West shared the story of her career journey spanning over three decades in the IT and financial services industry, urging the beneficiaries to maximise the opportunity that SAIL Innovation Lab has provided to them free of charge.  The Vice-Chencellor of the Lagos State University of Science and Technology (LASUSTECH), Prof. Olumuyiwa Odusanya and the Pro-Chancellor, Lagos State University, LASU, Sir. David Sumoni, alongside notable leaders in Ikorodu division - His Excellency, Prince Abiodun Ogunleye, Member, Governance Advisory Council, GAC, Asiwaju Reuben Olorunfunmi Basorun, Former Minister of Works, Senator Adeseye Ogunlewe and Architect Taiwo Kara, Mr. Deji Abisola, (Chief Impact Consultant, SAIL) Dr. Saheed Ibikunle, were present to tour the SAIL Innovation, alongside Senator Abiru and Prof. David-West. #doinggood