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Ex-Polaris Bank CEO, Abiru picks APC form to contest senatorial post

By on August 27, 2020 0 337 Views

Barely a week after he resigned from his job as the chief executive officer of Polaris Bank, Tokunbo Abiru has picked up the All Progressive Congress (APC) nomination form to contest the vacant Senatorial seat in the Lagos East district.
Abiru, also a former Finance Commissioner in Lagos was until last week the chief executive of Polaris, a bridge bank established by both the Nigerian Deposit Insurance Corporation the Central Bank of Nigeria (CBN) from the relics of the defunct Skye Bank.
He spent four years at the helm of the bank before he resigned to face his political pursuit last week, having been appointed initially in July 2016 to manage the take over of Skye Bank by the regulators and later in 2018 when the bridge bank was formed to absorb the assets of the defunct Skye Bank.
He is touted to be the candidate of choice by the party chieftain in Lagos and former governor of Lagos, Bola Tinubu who has consistently be the power house of the political dynasty in the state.
Though a former commissioner in the state, Rotimi Ogunleye had signified his intention to vie for the same position, he has not shown a significant commitment to his ambition so far beyond his announcement.
Aburi, who was appointed by the financial regulatory bodies to manage Polaris Bank since inception bowed out from his position last week as a prelude to contest the state selection process and then in the bye election to be organised by the Independent National Electoral Commission (INEC).
The senatorial position was vacant as a result of the sudden death the previous occupant of the seat, Bayo Osinowo in June, 2020.

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