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
Keep abreast of Senator Tokunbo Abiru's activities. Join our press room
March 25th 2024
Senator Tokunbo Abiru @ 60: Lawmaker Shuns Funfare, Shares Over 10,000 Food Packs To Vulnerable Constituents To Cushion Hardship
In a practical demonstration of love and empathy, the Senator representing Lagos East Senatorial District, Senator Mukhail Adetokunbo Abiru, FCA, who turns 60 today, Monday, 25th March, 2024, has decided to use the occasion to reach out to vulnerable members of his Senatorial district who are experiencing economic hardship.  Senator Abiru, who has been supporting the needy with food packs every quarter, increased the food packs to 10,000 food to vulnerable households across the 98 wards in the 16 Local Council Development Areas, LCDAs and Local Government Areas in Lagos East Senatorial district. In his 60th birthday goodwill message to the Lagos East residents, Senator Abiru appreciated the Almighty God for his kindness towards him and his household. He specifically thanked his wife, Fesyisola, whom he described as his pillar of support and his children for their unwavering support.  In the same vein, the lawmaker showed profound gratitude to the people of Lagos East Senatorial District, for availing him the opportunity to serve them, also the leaders of the party, particularly, President Bola Ahmed Tinubu, GCFR, who made remarkable impact in his political journey. Abiru said: I am using the special ocassion of my 60th birthday to identify with you, my esteemed Constituents in this current economic hardship largely due to wrong policy choices of past administrations, which the current government is trying to correct . It will be a smack of crass insensitivity for me to throw a social party, entertaining guests when most of our people are struggling to meet their basic needs, particularly food. Therefore, I shelved all social plans and decided to celebrate by providing Food Packs to over 10,000 households in Lagos East Senatorial District.  “Like I have been doing every quarter, the categories of vulnerable people are : Widows, Persons Living with Physical Disabilities, Unemployed Youths, Women and the aged. For more inclusiveness and wider reach, vulnerable persons who were shortlisted from online nominations will also benefit”. “ I am optimistic that this pain will not last forever. Frantic efforts of the Federal Government in ensuring food security, commodity prices stability and various interventions by our own State Governor will ease the pains in no distant time”  “My commitment to deliver on my mandate remains unshaken, on the three pillars of : Legislative, Empowerment/ Facilitations and Endowment, which my interventions are anchored on, will be further deepened to ensure greater good to a larger number of our people”. It is also imperative to state 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.
March 24th 2024
Ikorodu, Kosofe Communities Appreciate Senator Tokunbo Abiru For Facilitating Transformers
Residents of Awofusi Community Development Association, Erunwen, Ikorodu and Adebare Community in Kosofe, have expressed profound gratitude to Senator Mukhail Adetokunbo Abiru, FCA, the Senator representing Lagos East Senatorial District for facilitating the provision and installation of transformers to their communities.  Other communities under Lagos East that also benefitted from the recent supply and installations of transformers include: Owolowo Street and adjoining areas close to Ikorodu Town Hall and communities under Exclusives Community Development Association, Igbogbo.  Senator Abiru who has been impacting various communities under the Lagos East Senatorial District, with various projects like: mini-stadia, sports complex, markets and solar-powered street lights amongst others, had earlier provided transformers in the following communities: 1. Ifelodun CDA, Igbogbo-Bayeku 2. Magodo Community CDA Oke Ota Ona, Ikorodu 3. Ikorodu GRA 2, Ibeshe Igbogbo-Bayeku 4. Ifeloju Abule Eko,Ijede Ikorodu 5. Sekungba CDA ikosi Ejirin 6. Isale Agoro CDA, Epe LGA 7. Ideraoluwa CDA, Eredo LGA 8. Olugayan CDA, Imota 9. Idegun CDA, Imota 10. Gbaga Olorunda CDA 11. Adamo (Ikorodu North) 12. Agura Central Gberigbe ( Ikorodu North) 14. Agunbiade CDA ( Somolu) 15. New Araromi CDA (Ipakodo, Ikorodu West) 16. Liberty CDA (Ipakodo) 17. Unity Progressives CDA, Isawo 18. Eleshin Community CDA, Itamaga, Ijede 19. Eyin- Ira CDA, Ibeju- Lekki 20. Hilltop, CDA, Odomola 21. Lagasa CDA, Ibeju- Lekki
March 13th 2024
Senator Tokunbo Abiru Emerges As Chairman Southern Senators’ Forum
The Chairman, Senate committee on Banking, Insurance and other Financial Institutions , Distinguished Senator Mukhail Adetokunbo Abiru, FCA (Lagos East), has emerged as the Chairman, Southern Senators’ Forum. 54 Senators from the 17 Southern states unanimously elected Senator Abiru as their Chairman.  Senator Abiru, an accomplished economist and accountant, had a stellar career in banking, ultimately reaching the pinnacle of his profession as the Managing Director of Polaris Bank, before he retired in 2020, and later joined the race for the Lagos East by-election contest. He was the Chairman of the standing Committee on Industries in the 9th Senate.  Six other Executives were also elected to steer the affairs of the Southern Senators Forum. The immediate past Chairman of the Forum, who is also the Leader of the 10th Senate, Senator Michael Opeyemi Bamidele(Ekiti Central), in his remarks said:" The new Chairman as unanimously agreed by Southern Senators is Senator Adetokunbo Abiru ( APC Lagos East) , Vice Chairman, Senator Victor Umeh ( Labour Party , Anambra Central) , Secretary , Senator Mpigi Barinada ( PDP Rivers South East) , Publicity Secretary, Senator Asuquo Ekpenyong ( APC Cross River North ) and Treasurer , Senator Kenneth Eze ( APC Ebonyi Central) .  Accepting his appointment as the new leader of the forum , Senator Abiru in his remarks said the forum would serve as a veritable platform for discussing , analysing and dissecting national issues by Southern Senators for the sole purpose of moving Nigeria forward . He added that they will partner with the Northern Senators forum to move the country forward.  “This forum, the Southern Senators forum is to champion the course of Nigeria and Nigerians. We have our Northern brothers with the Northern Senators Forum. We will work together with the Northern Senators forum to move the country forward. " We will swing into action and roll out our plans for the betterment of the region and Nigeria. We will map out our plans and work on them for the betterment of Nigeria and Nigerians generally . “Before today , we have been running the forum in this 10th Senate as if we don't exist but now that the last leadership has transferred power to us., the forum would be made vibrant ", he said .
March 13th 2024
Senate Promises to Protect Shareholders, Ensure Synergy Between Fiscal and Monetary Authorities
The Senate committee on Banking , Insurance and other Financial Institutions on Wednesday gave assurances to review the Companies and Allied Matters Act (CAMA) in order to grant additional capacity to shareholders to oversee the operations of their business investments. The Banking committee, chaired by Senator Mukhail Adetokunbo Abiru, FCA (Lagos East) made this known during its interactions with the board members of the Bank Directors Association of Nigeria (LTD/GTE), led by its Chairman, Mr. Mustafa Chike-Obi. Chike-Obi, while speaking on the challenges bedeviling the Banking industry, argued that there was an urgent need to amend the CAMA Act, in tandem with current realities. According to him, the CAMA Act states that one third of all the directors of companies (banks in this case) must be independent directors but unfortunately for banks, half of their directors are usually predominantly "Executive directors". Pointing out the problem, Chike-Obi said that if one third are selected it will imply that one third of the half are independent. Seeking for a review of the law, the BDAN Chairman said; "What we thought was that one third of the non-executives should be independent, not one third of all the board members should be independent. So shareholders are complaining that we only have 3 seats on the board. Five are independent and the eight are Executives. In his response, Senator Abiru informed the Bank Directors that the Senate is currently amending the Nigerian Deposit Insurance Corporation Act (NDIC) and the Central Bank of Nigeria (CBN) Act. He promised that the Senate Committee will also examine the current CAMA Act, with the view to bringing it in line with current realities. He said; "The administration informed us that they want a 1 trillion dollar economy within eight years , which we have endorsed. Part of that is that we have to raise more capital, because the capital we have in banks today cannot support a 1 trillion dollar economy. "All of us are going to raise capital to meet the objective within a year or two to meet the President’s objective. However, we want more synergy between measures to fight inflation and GDP growth. In his response, Abiru stated that the problems will be addressed at completion of the amendments saying that the Senate would ensure synergy between the fiscal and monetary authorities.