Tag: Tokunbo Abiru

  • Lagos youth advocate lauds Abiru

    Lagos youth advocate lauds Abiru

    Lagos youth advocate, Opeyemi Ahmed, has hailed the lawmaker representing Lagos East Senatorial District, Senator Tokunbo Abiru, for enhancing the quality of lives of his constituents.

    In a statement, Ahmed described Abiru as a visionary leader  whose governance approach had transformed the developmental landscape, evidenced by projects he had embarked on in the senatorial district.He praised the legislator for implementing digital innovations as a strategic initiative aimed at empowering his constituents.

    Read Also: NGF names Yobe best performing state in primary health care delivery

    Ahmed lauded Senator Abiru for his empowerment initiative, which included introduction of 48 cooperative societies and allocation of grants totalling N480 million.

    He commended the senator’s remarkable accomplishments, which encompassed establishment of mini-hospitals, erection of school facilities, development of roadways and building of mini-stadia.

  • Abiru hails Gumel on appointment

    Abiru hails Gumel on appointment

    Senator Tokunbo Abiru representing Lagos East Senatorial District has congratulated Mr. Farouk Gumel on his appointment as chairman of the newly established Botswana Sovereign Wealth Fund.

    Abiru, the chairman of Senate Committee on Banking, Insurance & Other Financial Institutions, described the appointment as “a landmark achievement.”

    He praised Gumel’s record in financial leadership, governance and transparency, noting his outstanding service as former chairman of Nigerian Sovereign Investment Authority.

    READ ALSO: A way out for the North

    “This role is historic and strategic for Botswana,” Abiru said.

    “Farouk’s visionary leadership and commitment to financial stability—proven during his instrumental role in the restructuring of Skye Bank and other national assignments—will be invaluable as Botswana charts a more diversified and sustainable economic future.”

    The lawmaker emphasised the broader significance of the appointment:

    “At a time when Nigeria is undertaking bold reforms to strengthen its financial institutions, this global recognition of a Nigerian expertise reflects positively on our country and underscores the continent-wide impact of capable leadership.”

    He wished Gumel a successful tenure.

  • A call for intervention of Hon. Benson, Sen. Abiru

    A call for intervention of Hon. Benson, Sen. Abiru

    • By Feyisetan Akeeb Kareem

    Sir: Please allow me to use this medium to draw the attention of Hon. Babajimi Benson, member of the House of Representatives of Nigeria representing the Ikorodu Federal Constituency in Lagos State, and Senator Tokunbo Abiru, the Senator representing the Lagos East Senatorial District, that Igbogbo II, Igbe laara, Banana Estate located in Bayeku LCDA, has been without power supply for over seven months due to a bad transformer.

    Read Also: EFCC hands over 753 housing units seized from ex-CBN Gov to ministry

    Please intervene on our behalf, Sirs. Help us use your good offices to deliver us.

    Thanks, in anticipation.

    •Feyisetan Akeeb Kareem

    karfeyio@gmail.com

  • Abiru: Redefining culture of service in Lagos East

    Abiru: Redefining culture of service in Lagos East

    While other politicians and elected public officers are building estates and other business empirers, Tokunbo Abiru and his wife, Feyisola, are building men for the future in Lagos East Senatorial District.

    The chairman of the All Progressives Congress (APC) in Lagos State, Cornelius Ojelabi, led other party officers to Ikorodu at the weekend to witness the brand of visceral commitment and service to the community.

    Senator Abiru, who represents the district the National Assembly, has expanded the scope of his programmes beyond lawmaking, oversight functions and empowerment to endowment, which is meant to prepare young men for the challenges of the digital economy.

    No fewer than 4,000 teachers drawn from public and private schools from across the federation have been trained by a special and professional faculty at the SAIL Innovation Lab sponsored by the couple. Some of them demonstrated their skills at the Teachers’ Fellowship Graduation Ceremony, based on their training in enquiry learning using WhatsApp and Google. Thirty leaning hours were exhausted.

    The programme attracted some support from the MTN Foundation, whose official, Odunayo Sanya, hailed Abiru for ploughing back to his immediate society.

    Eminent community leaders at the ceremony held at  SAIL Innovation Lab, along Muba Abiru Street, Ipakodo Ebute, Ikorodu, including the paramount ruler, Ayangburen of Ikorodu, Oba Kabiru Shotobi, Adeboruwa of Igbogbo, Oba Semiu Kasali Orimadegun, Radodu of Imota, Oba Ajibade Agoro, Governance Advisory Council (GAC) members-Prince Abiodun Ogunleye and Senator Seye Ogunlewe, and Ashipa Kaoli Olusanya, applauded the legislator for his contributions to human capital development.

    Read Also: Zenith Bank expands global reach with Paris branch

    In the mood of excitement were other guests-Tolani Sule, Commissioner for Tertiary Education, Anike Adekanye, permanent secretary/tutor-general, Bode Oyedele from Ibeju-Lekki, Adeola Jokomba, state party secretary, Muritala Seriki, youth leader, Dr. Saheed Ibikunle of primary education board, Tokunbo Jimoh, Kunle Oduborisa,Deaconess Ade Osinnowo, and Akintoye Hassan, chairman of Lagos Nigeria Union of Teachers (NUT).

    Many people, particularly teachers who were the focus, joined the programme online.

    Thanking the couple for their initiative and support, Deji Abisola, chief impact officer of the programme, noted that they have touched many lives, judging by their numerous philanthropic and empowerment programmes. He said the teachers’ exposure to new classroom techniques have revolutionalised teaching and learning.

    Abisola also thanked the MTN Foundation for providing free internet data and other resources. He hailed the teachers’ dedication to personal growth and commitment to the upbringing of students, stressing that the programme provided an opportunity for them to thrive.

    To Miss Shalom of SAIL, the programme achieved three things: it aided the transition of the teachers from instructional to enquiry based learning; it enhanced the improvement of digital skills and it enabled them to embrace innovative classroom management practices.

    Consistent with its two decades of community responsibility, Sanya explained that the investment of almost N60 million was worth it, adding that MTN decided to impact by partnering with the community to do better. The message is that 20 years after, the yellow impact is stronger. She hailed the teachers for contributing to nation building. “The knowledge is not for you only. You should spread the knowledge to other teachers.

    MTN promised to build on its record of community support, including the award of 14,000 scholarship,empowerment of 15,000 women and donations to laboratories and libraries.

    Abiru, who congratulated the teachers, told his story of success as a banker before becoming a public servant.

    After three decades, the Senator crossed the bridge from banking to politics. Automation was the rule in the banking system then in Guarantee Trust Bank. It contrasts with the digital technological revolution of today.

    To his surprise, 8,000 workers could not cope with the digital transformation. Therefore, it was evident that the the job openings required updated skills. As a senator, he emraced his legislative and empowerment roles. However, he had to expand the scope to endowment, based on previous experience. Although he had completed 20 school projects in his district, built a youth stadium in Epe, constructed markets, provided health facilities and distributed foods to 30,000 families, these programmes have not produced a permanent impact like his endowment programme.

    “SAIL Lab Innovation is sponsored by me and my wife. It is a non-political organisation. I bring people here and the people being trained are assisted by them with jobs,” Abiru said.

    The senator said that the scheme it later became a nationwide programme because of the partnership with MTN.

    “Almost 9,000 lives have been touched by the SAIL Foundation. The procurement of facilities is not enough. We invested in a faculty that is focussed and dedicated,” he added.

    Abiru said the goal is the development of human capital. It is free of charge. The environment is also inspirational. “The cost of teaching such skills for each participant cannot be less than N5 million. But it is free,” he said, urging the beneficiaries to apply and update their skills, and be good ambassadors of SAIL Innovation Lab.

    For Sule, who was drafted to the event by Ojelabi, it was another eye opener. The commissioner acknowledged that the quality of well educated and well groomed teachers is critical to teaching and learning. Reiterating government’s commitment towards personnel training, he said:”Governor Sanwo-Olu is working to make Lagos the human development capital of Nigeria.”

    Sule also suggested that “APC must look at the quality of representation and emphasise the criteria of capability, experience and background.”

    He added: “Abiru is big; so Lagos East is reaping big.”

    Ojelabi,  whose path had crossed Abiru’s when they both served as commissioners under former Governor Babatunde Fashola, said the senator has decided to plogh back to the community.

    “The party is delighted by the contribution of Abiru. He is doing more than material empowerment. Some people collect the empowerment items and sell them out.

    “Abiru is preparing the youths for the future, to become job creators and employers of labour. Ikorodu has decided to support APC because of what Abiru is doing.”

    The party chairman said elected public officers on the platform of Lagos APC will be evaluated periodically to see how they are performing.

    Ojelabi added:”APC will be assessing the House of Assembly, House of Representatives and Senate members. That of local government chairmen has been done. We are evaluating to see the impact they are making. We will make the report out after ratification by the GAC. Let people continue to support Abiru.”

  • NDIC, BOFIA Acts amendment promote financial sector stability, says Abiru

    NDIC, BOFIA Acts amendment promote financial sector stability, says Abiru

    The Senate has said the timely amendments to the Nigerian Deposit Insurance Corporation (NDIC) Act, and the Banks and Other Financial Institutions Act (BOFIA), have laid a solid foundation for financial sector stability.

    The Chairman, Senate Committee on Banking, Insurance, and Other Financial Institutions, Senator Adetokunbo Abiru broke the news during NDIC retreat held in Lagos with theme: “Building Resilient Financial Systems through Effective Legislative Intervention”.

    According to Abiru, the Nigerian banking sector faces new and emerging risks, particularly in areas such as cybersecurity, and the rise of Fintech and digital financial services.

    He advised that legislative frameworks should evolve to keep pace with these changes. “We must ensure that regulators like the Central Bank of Nigeria (CBN) and the NDIC have the tools they need to effectively oversee the financial sector, while also encouraging innovation and competition,” he said.

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    Abiru said that as Nigerian financial system continues to embrace digital banking and financial technologies, the threats posed by cybercrime and data breaches are becoming more pronounced.

    “Recent cybersecurity incidents in the banking sector highlight the need for more stringent regulatory oversight and greater investment in cybersecurity measures. Legislative interventions must prioritize the establishment of robust cybersecurity frameworks that safeguard not only financial institutions but also the sensitive data of millions of Nigerians,” he said.

    Abiru explained that building a resilient financial system is not the sole responsibility of lawmakers or regulators. He said: “It requires the collective efforts of all stakeholders – from the banking and insurance sectors to Fintech companies, depositors, and the wider Nigerian public. Collaborative partnerships are key to ensuring that our financial systems are both resilient and inclusive”.

    In his address, Managing Director/Chief Executive of NDIC, Bello Hassan, reiterated the retreat’s purpose of enhancing collaboration with the Senate to address risks associated with advancements in technology, globalisation, and financial sector consolidation.

    He stated: “In recent years, the financial services sector has experienced significant transformation, largely driven by advances in technology, globalisation, and consolidation. New services and products have emerged, while new players and financial technologies have been challenging traditional service providers through faster, cheaper, and reliable services.”

    Hassan also stressed the importance of managing the additional risks posed by the developments. According to him, “While this development presents opportunities for growth, we must, however, be conscious of the additional risks and complexities that the system may be further exposed to. To address this concern, stakeholders, particularly those charged with oversight functions, must collaborate more than ever before.”

    He added that the legislature’s support is crucial in redesigning the legal framework to adapt to financial advancements while protecting consumers and encouraging innovation.

  • Celebrating Tokunbo Abiru @ 60

    Celebrating Tokunbo Abiru @ 60

    By Enitan Olukotun

    Senator Mukhail Adetokunbo Tokunbo Abiru, the Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions in the 10th Senate, who is also the  Senator representing Lagos East, is a man of extraordinary passion for the development of people. With an innate drive for excellence in all his pursuits, Senator Abiru has consistently aimed for nothing short of the best.

     Prior to assuming his current role as the distinguished Senator of the Federal Republic of Nigeria, Tokunbo Abiru carved out a stellar career in banking, ultimately ascending to the pinnacle of his profession as the Managing Director of Polaris Bank. His legacy in the banking sector was consolidated before his retirement in 2020.

    Within just about four years in the saddle, Senator Abiru revolutionized the governance narrative in the Lagos East Senatorial District. His leadership marked a significant departure, as it was characterised by a purposeful dedication to the welfare of the people, through championing of impactful programmes, interventions and constituency services.

    Dubbed the “DoingGood Senator,” Senator Abiru centered his efforts on three key pillars: legislative responsibilities, empowerment initiatives, and  endowment projects.

     He executed these pillars with exceptional results, earning the trust and admiration of his constituents and Nigerians at large .

    Read Also: Power sector worse off 12 years after privatisation – NLC

    Immediately following his inauguration as a Senator of the Federal Republic of Nigeria on December 15, 2020, Abiru conducted an extensive needs assessment initiative. This comprehensive approach, rooted in human-centered design principles, ensured that the voices and needs of the grassroots populace were integral to decision-making processes.

     The insights gleaned from this assessment formed the bedrock of his interventions across the 98 wards spanning 16 Local Governments and Local Council Development Areas of the Lagos East Senatorial district.

    On the legislative pillar, Senator Abiru has championed numerous legislative initiatives, with notable bills including the Copyright Bill, which was signed into law by former President Muhammadu Buhari and Franchise Regulation Bill, CBN Act Amendment Bill(Passed Second Reading), NDIC Act Amendment Bill (Passed second reading), several motions on the plights of his constituents and made valuable contributions during plenary.

    These legislative endeavors are poised to unlock greater economic opportunities for entrepreneurs, particularly within the creative, entertainment, and business sectors.

    In response to the devastating socio-economic impact of  COVID-19 pandemic, Senator Abiru launched a targeted financial assistance scheme. This initiative provided direct relief to vulnerable segments of the Lagos East community, including widows, the elderly, unemployed youth, persons with disabilities, and women, with over 2500 beneficiaries receiving monthly credit transfers for over 23 months.

    In continuation of support for vulnerable constituents, the Senator launched a quarterly food packs programme for the same categories of vulnerable people. Over 25,000 households have benefited from the scheme across the Lagos East Senatorial District.

    To enhance accessibility to constituency services, Senator Abiru established liaison offices in Epe, Kosofe, Ibeju-Lekki, and Somolu, complementing the main office in Ikorodu.

    In the realm of education, Senator Abiru’s contributions have been significant. From facilitating the construction of classrooms and modernizing instructional facilities to providing bursaries for indigent students, his impact has been tangible and far-reaching.

    Infrastructure development has also been a focal point of Senator Abiru’s agenda, with  facilitated projects ranging from health facilities to sporting arenas, market renovations and road constructions, like the 32-Km Ikorodu-Itoikin Road that is currently being reconstructed. He facilitated transformers, installation of solar-powered street lights across various communities.

    In a bid to spur economic growth and empower local businesses, Senator Abiru launched a N300 Hundred Million Naira Constituency Intervention Revolving Loan Scheme, offering at a concessional interest rates of 6 percent per annum to MSMEs, artisans, and tradesmen in Lagos East.

    Additionally, Senator Abiru and his amiable wife, Mrs Surat Feyisola Abiru, established iconic SAIL Innovation Lab in Ikorodu to equip youths in the Lagos East Senatorial District with digital and innovation skills free of charge,  positioning them to thrive in the dynamic global economy.

    The impact story of the SAIL Innovation Lab project is phenomenal! Hundreds of young people who had lost hope, are living their dreams today because of the rare opportunity and platform they were provided. In 2023, about 106 young people who were trained at the SAIL got decent jobs in Artificial Intelligence with Awari AI.

    Senator Abiru’s unwavering commitment to honesty and forthrightness has endeared him to the people, earning him their trust and respect. If Nigeria is to realise its full potential, it is leaders of Senator Abiru’s calibre that will lead the way.

    On this milestone, I wish the Distinguished Senator Mukhail Adetokunbo Abiru, FCA, a happy 60th Birthday!

    • Enitan Olukotun is media aide to Senator Tokunbo Abiru writes from Lagos.

  • APC council greets Abiru

    APC council greets Abiru

    All Progressives Congress (APC) Professional Council has hailed Tokunbo Abiru (Lagos East) on becoming chair of Southern Senator’s Forum.

    Abiru, who chairs Senate Committee on Banking, Insurance and Other Financial Institutions, was elected by 54 senators from 17 the South.

    They said Abiru will add value to the forum’s activities in the region.

    Read Also: Tokunbo Abiru: A resilient and innovative banker

    A message by National Director General of APC Council, Seyi Bamigbade, described Abiru’s role as ‘a good omen for southern senators’.

    “It is a call to service for Abiru, an accomplished professional who wields leadership dexterity that will position the southern senators to better pursue their interests and offer representation to their constituencies.

    “I hope the lawmaker will justify the confidence of his colleagues by galvanising them for a robust engagement,” Bamigbade said.  

  • Women’s Day: Skye Bank CEO lauds women as change Agents

    • Lists benefits of Skye Pearl  Initiative on Women

    Tokunbo Abiru, Group Managing Director/CEO of Skye Bank Plc has extolled the role of women as change agents in the societyeven as the bank joins the rest of the world to celebrate the 2017 International Women’s Day (IWD).

    The IWD, marked every March 8, is a global day and an important opportunity to celebrate the social, economic, cultural and political achievements of women across the world as well as help to drive positive change for womenfolk. 

    Abiru praised the resilience of women, who according to him, have over the years, shown what great pillar of support they can be; This, he explains informed the decision of Skye Bank to evolve Skye Pearl; a women-focused empowerment initiative.

    He affirmed that “Skye Pearl Initiative supports the economic and financial growth of women through provision of platforms for gender empowerment; capacity development and networking opportunities for women”.

    Members of the Skye Pearl community enjoy such benefits as; mentoring by key female industry leaders; partnerships with women organisations where women can meet with other peers to connect and share experiences; as well as access loans on concessionary terms. 

    “Our partnership with Nigerian Employers Consultative Association (NECA’s), Network of Entrepreneurial Women (NNEW) has brought about enhanced capacity building for women and their businesses. We have trained over 25 women entrepreneurs on bookkeeping and budgeting, and our intention is to continue to support women in several spheres of life”.

    He explained that Skye Bank is also drawing from the wealth of experience of accomplished women entrepreneurs who are members of its Skye Pearl community, to empower and build the capacity of other women entrepreneurs. He noted that the initiative has recorded huge impact over time.

    In addition to the Skye Pearl Initiative, Skye Bank has also within the last ten years provided free breast cancer screening support to over 15, 000 women across the country; as well as donated state-of-the-art cancer screening machines including LogiQ C2 and Mind Ray Ultra-Sound System to enhance quality diagnosis and clinical practices to C.O.PE Foundation, a partner NGO, which has increased the chances of early detection of breast cancer and significantly raised the survival chances of cancer patients.

    The International Women’s Day (IWD), has been observed since the early 1900’s. The day marks a call to action for accelerating gender parity where individuals and/or organisations can take bold actions to help progress the gender cause across the world. The objective of the day is to help forge a better working world – a more inclusive, gender equal world where every person is encouraged to play a part in helping to drive better outcomes for women.

    Skye Bank is listed on the Global List of Organisations supporting Women Empowerment Principles (WEP), an initiative under the auspices of United Nations (UN).

  • Fashola swears in new finance commissioner

    Fashola swears in new finance commissioner

    Gov. Babatunde Fashola of Lagos State, yesterday, restated the commitment of his administration to serve the people of the state.

    He made the pledge in Ikeja at the administration of the oath of office on Mr Ayo Gbeleyi, the new Finance Commissioner.

    The governor said that he and other members of his team would continue to pursue the developmental aspirations of the people of the state.

    Fashola, who congratulated the new commissioner for the elevation, however, added that Gbeleyi now had more responsibilities, not only to the state government, but also to Lagosians, in general.

    The governor pledged to give the new commissioner all the needed support to do his job.

    He called for the understanding of his family, saying the new responsibilities would demand more time out of home.

    Gbeleyi thanked the governor for the confidence reposed in him with his appointment and promised to break new grounds for the financial sustainability of the state.

    He promised to work with other members of the state cabinet, to bring more development to the people of the state.

    According to the News Agency of Nigeria (NAN), the inauguration of Gbeleyi followed his clearance by the State House of Assembly which had received his nomination from the governor.

    The nomination followed the resignation of the former commissioner, Mr. Tokunbo Abiru, on July 24, to take up a board appointment at First Bank of Nigeria PLC.

    The new appointee was until his inauguration, the Special Adviser to Fashola on Public Private Partnerships (PPP).

    The inauguration was graced by members of the executive council, as well as family members and friends of the new appointee.

  • Lagos Assembly confirms new Finance commissioner

    Lagos State House of Assembly has confirmed Mr. Ayodeji Gbeleyi as new Commissioner for Finance in the state.

    He was confirmed during Friday’s emergency plenary presided over by Majority Leader, Hon. Ajibayo Adeyeye, after a brief question and answer session with the lawmakers on the floor of the House.

    Governor Babatunde Fashola had in a letter, read on the floor of the Assembly, requested for the confirmation of Gbeleyi whom he nominated to replace Tokunbo Abiru, who resigned as commissioner for finance for new appointment on the board of the First Bank of Nigeria Plc.

    After a brief question and answer session, Gbeleyi, who had appeared before the House for the same purpose when he was nominated as Special Adviser at the commencement of Governor Fashola’s second term was asked to take a bow and leave.

    Gbeleyi, until his new appointment, was the Director General of the State’s office of Public-Private Partnerships (PPP) before he was later appointed Special Adviser to the governor on PPP.