Temidayo Akinsuyi, Lagos

Tokunbo Abiru, Man­aging Director/ Chief Executive Of­ficer (CEO), Polaris Bank, is set to resign his ap­pointment this week, Daily Independent has exclusively gathered.

Abiru, a former Commis­sioner for Finance in the state during Governor Baba­tunde Fashola’s second term, is also expected to announce his entrance into the race for Lagos East Senatorial Dis­trict bye-election which the Independent National Elec­toral Commission (INEC) has fixed for Saturday October 31, 2020.

A member of the Gover­nors Advisory Council (GAC) in Lagos said Abiru, who has been nominated by the Lagos State chapter of the All Pro­gressives Congress (APC) as a replacement for the late Senator Bayo Osinowo, who represented Lagos East Sena­torial District until his death in June, will pick up the expression of interest and nomination forms during the week.

He also said the party has already set up the campaign committee of Abiru which will be formally announced to the public after he has picked and submitted his forms.

The campaign committee is headed by a former mem­ber of the Lagos State House of Assembly from Epe divi­sion.

Although a credible source in the bank said Abiru, had already made his intention to resign known to the board pending an approval from Godwin Emefiele, the Cen­tral Bank governor, another source in the bank who asked not to be named said it is not true that Abiru has resigned. He, however, remained silent on his senatorial ambition.

Efforts made to confirm the report from Rasheed Bolarinwa, the bank’s Head, Corporate Communications, proved abortive as he could not be reached.

Daily Independent had in its July 29 edition titled ‘La­gos East Bye-Election: APC Picks Abiru, Polaris Bank MD, As Osinowo’s Replace­ment’ reported that the bank chief is the choice of APC leaders, including Asiwaju Bola Tinubu, the party’s na­tional leader for the vacant post.

However, Abiru in a state­ment denied the report, saying that while he holds the public service in high esteem, his time and energy at this time was primarily devoted towards building a world-class financial brand that will serve the interest of all stakeholders of the bank.

He further restated that he is working assiduously with his team to consolidate the bank’s stellar performance which resulted in a profit be­fore tax (PBT) of N27.8 billion in the 2019 financial year, be­ing its first year of operation.

Abiru acknowledged that having served as a former commissioner under the then leadership of Baba­tunde Fashola (SAN), it is not unexpected that such ru­mours and sentiments could sometimes spring up in some quarters.

He also advised the staff and customers of Polaris Bank as well as regulators, local and international stake­holders to disregard such sto­ries expressing his commit­ment to his current mandate in Polaris Bank.

In a related development, senatorial aspirants jostling for tickets of the APC in the forthcoming legislative bye-elections are to pick ex­pression of interest and nom­ination forms for N7 million each.

House of Assembly aspi­rants are to procure same forms for N850, 000 each while female and physically challenged aspirants are to pay 50 percent of the pre­scribed fees for each position.

These details were con­tained in APC’s time-table and schedule of activities for conduct of the 2020 con­current legislative bye-elec­tions across eight states at the weekend by the Director of Organisation, Professor Med­aner Ussiju Al-Mustapha in Abuja.

https://www.independent.ng/lagos-east-bye-election-abiru-polaris-bank-md-set-to-resign/

I wish him well..

but make e no be say him wan release him hand from branch of tree for it's leaf

Less work, more money for him

Nobody can beat Tinubu in this game. He is playing both Politics and Business.

For those saying the Jagaban should be prosecuted for looting and embezzlement, how will you find anything to nail him when his boys are the banks' CEO and Directors?

I thought the slot is for Ambode

Ambode is a fuccking coward!

Shame on him!

all the best to him

Afonja news? Not interested.

Disgusting!

When Corrupt Fools take on the echelons of power, expect the worst to happen.

Kriss216:
I thought the slot is for Ambode

Ambode is a fuccking coward!

Shame on him!

What would he have done? The enemies here are different.

Tkester:
Afonja news? Not interested.

Disgusting!

Stay away from sniper this week.
And STOP TRIBALISM.
Peace!

Kriss216:
I thought the slot is for Ambode

Ambode is a fuccking coward!

Shame on him!

He said he doesn't want it

With Tinubu, he is always settling his Finance guys....

- Ambode...
- Fowler...
- Abiru...

Okay


Check my signature

So why the initial denial when he was tipped to be in the race ?

miketayo:

He said he doesn't want it

Story

Kriss216:
I thought the slot is for Ambode

Ambode is a fuccking coward!

Shame on him!

Brave man, go and contest nah. Abi the position no fit you?

Ok. All the best to him.

miketayo:

He said he doesn't want it

Nobody offers traitors position

Better way to chop money

Tkester:
Afonja news? Not interested.

Disgusting!

Someone from potopoto Republic spotted

This man don't know say Polarise will soon change name again

Politics is a big business with unmeasurable incentives,less work more money

okay noted

RichBoy247:


Nobody offers traitors position

They literally called him for the position, this is not Dem say information, seems u don't know politics. He has some crazy amount of money and d party wants some part of it

National cake is so sweet