Polaris Bank CEO, Tokunbo Abiru, picks up APC senatorial nomination form


After weeks of speculations, out-going Managing Director/Chief Executive Officer of Polaris Bank Limited, Tokunbo Abiru, has finally picked his nomination form under the All Progressives Congress (APC) to contest the 2020 Lagos East Senatorial bye-election scheduled to hold October 31.
Abiru picked the form at the APC headquarters in Lagos on Wednesday amidst a crowd.
The APC Lagos State chapter had nominated Abiru, a former Commissioner for Finance in the state as a replacement for the late Senator Bayo Osinowo, who represented Lagos East senatorial district until his death last month.
Recall the super banker announced his retirement from the service of Polaris Bank, effective August 31, 2020, after completing his second two-year tenure at the helm of affairs of the bank.
The Economics graduate from Lagos State University, served during the tenure of Governor Babatunde Raji Fashola, now Minister of Works and Housing, THE WITNESS reports.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN). Also, an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN).
During Abiru’s time as Commissioner for Finance, Lagos State floated a successful N80 billion bond. He further instigated discussions on taxation in Lagos State after the discovery of over 5.5 million tax evaders in 2013.
He resigned his appointment as Commissioner in 2013, to take up an executive role in First Bank Nigeria Ltd.


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