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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September 11th 2024
Lagos GAC Apex Leader, Prince Tajudeen Olusi Visits SAIL Innovation Lab, Commends Senator Abiru’s Visionary Leadership
The apex leader of the Lagos prestigious Governance Advisory Council, GAC, Prince Tajudeen Oluyole Olusi, on Wednesday paid a visit to the iconic SAIL Innovation Lab in Ikorodu area of Lagos State, where over 8,400 constituents, majorly youths had learnt different life-transforming sought-after skills in digital, tech and innovation, such as Tech Talent Development, Data Science and Teachers' Fellowship, among others. The respected elder statesman and national political figure, who was elated by the magnificence of the Innovation Lab that has trained and provided decent jobs to hundreds in Lagos East Senatorial District, commended the visionary leadership of the co-founders, Senator Mukhail Adetokunbo Abiru, and his wife, Mrs Feyisola Abiru. Prince Olusi, who toured the facility in the company of political leaders in the Ikorodu division, who are also members of the GAC, called for more collaborative efforts in unlocking young people's potential through digital skills and innovation.  The prominent political leader further thanked President Bola Ahmed Tinubu, GCFR, for encouraging Senator Abiru to join politics to deploy his wealth of experience in the corporate sector for the service of the people. He stressed that the Senator had justified the trust reposed in him with the transformation he has brought into public service.  “It is a very good example that this property is being used for the education and developmental training of our children who are the future leaders of our country, who will contribute immensely to the economic development of Nigeria”, Prince Olusi said.  In his remarks, Senator Abiru said, “Beyond the facility and faculty we have created here, we always like to bring accomplished people not only to showcase what we are doing here but also speak with the participants so that they can inspire them. We are committed to the upskilling of our young people because of their resourcefulness” The Lagos State Honourable Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs. Folashade Ambrose-Medebem, was also part of the dignitaries who toured the facility described SAIL Innovation Lab as remarkable, great, and innovative.   Managing Director, Bank of Industry, Dr. Olasupo Olusi, referencing the global development trend, disclosed that digital and allied skills had the potential of accelerating the nation’s economic growth and unlock untapped opportunities for many young people. “Several studies have shown that one of the best ways to grow the economy faster is to invest in the digital economy, and that has several components including digital skills, infrastructure. This wonderful edifice is an asset to the nation”, the BOI boss said.  Senator Abiru appreciated Prince Olusi, alongside notable leaders in Ikorodu division - APC apex leader in Ikorodu division, His Excellency, Prince Abiodun Ogunleye, Asiwaju Reuben Olorunfunmi Basorun, Senator Adeseye Ogunlewe, all GAC members and other eminent personalities for coming to the Innovation Lab, and the motivation they offered to the beneficiaries. Also present at the tour were: Mr. Deji Abisola, (Chief Impact Consultant, SAIL) , Dr. (Otunba) Saheed Ibikunle, among others.  #TokunboAbiruIsDoingGood
September 3rd 2024
Senator Tokunbo Abiru Distributes FG’s Fertilizers To 1,200 Lagos East Farmers, Commends President Tinubu’s Programmes On Food Security
Over 1,200 local farmers across Lagos East Senatorial District received fertilizers provided by the administration of President Bola Ahmed Tinubu, GCFR, to boost food production and security in Nigeria. The Renewed Hope Agenda on food security programme of the Federal Government is aimed at reducing the rising cost of food, and to boost local food production capacity of the nation.   Senator Tokunbo Abiru, who was represented by the former Honourable Member, Lagos State House of Assembly, Hon. (Mrs) Adebimpe Akinsola, at the distribution exercise in Ikorodu on Tuesday, commended the laudable programme, stressing that the administration of President Bola Ahmed Tinubu was working assiduously to reduce hunger and hardship in the country. He added that the intervention from the President, will complement other supports that Senator Abiru had facilitated to farmers in the district, like the distribution of farms inputs containing fertilizers, seedlings, and herbicides to over 300 crop farmers, and the provision of fully vaccinated chickens, feeds, and cages for over 100 livestock farmers in the Senatorial District.   Dr Hakeem Adetugbobo, the coordinator of Agric-related empowerment for Senator Abiru, also eulogised President Tinubu for the tremendous support he has been providing to farmers in Nigeria. He expressed optimism that the food insecurity will be addressed with the number of interventions in the sector under President Tinubu. Waheed Olaide Kareem, from Lekki LCDA, who was one of the beneficiaries, expressed profound appreciation to the President for the food security programme, and also lauded the exemplary leadership of Senator Abiru. An executive member of All Farmers Association of Nigeria, AFAN, in Eredo LCDA , Mrs Folake Olaide, confirmed that members of the Association who got similar support from Senator Abiru are doing well in their farming business.   Prominent stakeholders in the agricultural sector and political leaders who graced the occasion included: Executive Chairman, Ikorodu West LCDA, Hon. Kazeem Sulaimon, Prince Jamiu Adio Saka, Arc. Taiwo Akintunde Kara, Alhaji Musibau Gafar, Hon. Olasunkanmi Tijani Jimoh, Hon. Ajetumobi Olawunmi Rasaq, Dr. Hakeem Adetugbobo, Alhaji Rilwan Ishola Jinadu, Alhaji Sulaimon Musiliu Adewale (Ola-4), Hon. Matthew Adesanya and South West Chairman, All Farmers Association of Nigeria (AFAN), Otunba (Dr.) Femi Oke, among others.  
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. 