Thursday August 06, 2020 1:23 PM

Lagos East: Polaris Bank MD, Tokunbo Abiru debunks rumour of senatorial ambition

The Chief Executive Officer of Polaris Bank, Mr. Tokunbo Abiru has debunked the rumour that he has been selected as APC candidate for the vacant Lagos East Senatorial seat.

A statement from his office read, “The attention of the Managing Director and Chief Executive Officer of Polaris Bank Mr. Tokunbo Abiru has been drawn to news making the rounds in some online media alluding that he is seeking to contest for the forthcoming senatorial bye-election of Lagos-East Senatorial Zone under the platform of APC.

The Ikorodu born Banker noted that while he held the public service in high esteem, his time and energy at this time was primarily devoted towards building a world-class financial brand that would serve the interest of all stakeholders of the Bank.

He further restated that he was 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.

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

The Polaris Bank MD/CEO 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.

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