The President of the Nigerian Senate, His Excellency, Senator Godswill Obot Akpabio has named the  Senator representing Lagos East Senatorial District, Distinguished Senator Mukhail Adetokunbo Abiru, FCA, as the Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions for the 10th Senate. He was Chairman, Senate Committee on Industries in the 9th National Assembly.

Senator Abiru, a retired bank Chief Executive, is an accomplished banker  and astute administrator who  had a sparkling career at top financial institutions spanning three decades. He rose to become an Executive Director in First Bank of Nigeria. 

He was the pioneer and former Managing Director/Chief ExecutiveOfficer 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.

The President of the Senate also named other distinguished Senators as substantive chairmen of standing committees at the Senate.