The Managing Director/Chief Executive Officer of Polaris Bank Limited, Mr. Tokunbo Abiru, has announced his retirement from the bank, effective August 31, 2020.
A statement from the bank yesterday explained that the decision was taken following Abiru’s completion of his second two-year tenure at the helm of the bank.
However, there have been speculations that the former Lagos State Finance Commissioner wants to join the race in the forthcoming senatorial bye-election to replace the deceased Lagos East member of the National Assembly, Senator Bayo Osinowo.
The election holds on October 31, 2020.
Abiru is from the Ikorodu division of Lagos East.
However, the statement noted that in an emotion-laden farewell message to the staff of the bank, Abiru explained that having served meritoriously in the banking industry for nearly three decades, he had resolved to retire to enable him contribute his quota in other areas of the society.
Sharing his scorecard while serving as the CEO of the Bank, he said: “It gives me great pleasure to say that, with the support of the Board, Executive Management and all of you, we have delivered on the mandate given to us by the Central Bank of Nigeria (CBN) upon assumption of office in 2016.”