Greater Good to a larger number!
Our guiding mantra is a promise for all-round sustainable human capacity development and empowerment
Partners for social Good!
Focused on Doing Good for Lagos East
- 32 years of public & corporate experience
- Serving as the Honourable Commissioner of Finance, Lagos State (2011 -2013)
- Pioneer and former Managing Director/Chief Executive Officer of Polaris Bank Limited
Senator Mukhail Adetokunbo Abiru, FCA and or “Tokunbo Abiru” is an accomplished Nigerian Banker, Chartered Accountant, and now a Public Servant. He is currently the Senator, representing Lagos East Senatorial District in the 10th Nigerian National Assembly, after about 32 years’ Corporate experience (of which 29 years was spent in the banking industry).
He is currently the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions as well the Chairman of the Nigerian Southern Senators Forum in the National Assembly. He was also the Chairman, Senate Committee on Industries in the 9th National Assembly.
He was the pioneer and former Managing Director/Chief Executive Officer of Polaris Bank Limited. He led the turnaround of erstwhile Skye Bank Plc, as Group Managing Director/Chief Executive Officer, under the CBN-induced take-over of the Bank, in a bid to avoid its collapse and also preserve the stability of the overall Nigerian Financial System.
His banking career were in top Nigeria Financial Institution such as First Bank of Nigeria (2002 - 2016), where he rose to the level of Executive Director, Corporate Banking and Guaranty Trust Bank (1991 - 2000).
Tokunbo Abiru, also served on other notable boards as Non-Executive Directors; FBN Capital Limited (now FBN Quest Merchant Bank Limited); FBN Bank Sierra-Leone Limited; Airtel Mobile Networks Limited; and Nigeria Inter-Bank Settlement System Plc. (NIBSS).
During the course of his professional career, he also had the privilege of serving as the Honourable Commissioner of Finance, Lagos State (2011 - 2013), under the transformational Leadership of Mr. Babatunde Raji Fashola (SAN).
Senator Abiru’s passion for human capital development is most evident through his Endowment initiative, anchored on the SAIL Empowerment Foundation. The Foundation, funded from his personal resources, his wife’s contributions, and the goodwill of well-wishers, focuses on uplifting underserved communities through various social interventions.
A flagship program of the SAIL Empowerment Foundation is the SAIL Innovation Lab, which focuses on empowering young people through innovation and technology. The Academy, located in Ikorodu, Lagos, offers world-class training facilities managed by the best in class faculty led by Co-Creation Hub (CcHub), a foremost technology and innovation company in Africa, with offices in Lagos, Nairobi, Kigabi, South Africa and London.
Some of the programs currently running in the facility are: Tech Talent Development; Start-up Accelerator; STEM; Teachers’ Fellowship; Data Science; and Soft skills. Average program tenure is about six (6) months, and all programs are free of charge for the participants. To date over 9, 000 constituents have benefited from this program. This initiative reflects Senator Abiru’s commitment to equipping the next generation with the skills necessary to thrive in a rapidly changing world.
Senator Tokunbo Abiru holds a B.Sc Economics from Lagos State University, and he is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an Honorary Fellow of the Chartered Institute of Bankers of Nigeria (FCIB). He is an alumnus of both Lagos Business School (LBS) and Harvard Business School (USA).
Tokunbo Abiru retired from banking in August 31st, 2020 and he is a Senator of the Federal Republic of Nigeria, representing Lagos East Senatorial District in the National Assembly since December 2020.
Senator Mukhail Adetokunbo Abiru, FCA, is happily married to Mrs. Feyisola Abiru and they are blessed with children.
The values that drive everything we do
Our #DoingGood to Greater Number mantra is the driving force behind our values.
Transparency
We operate an open door which encourages free flow of information and create new opportunities for our constituents.
Hard work
We work round the clock to ensure we bring people-oriented legislation, empowerment programmes & facilitations that'll raise the standard of living of our people.
Empathy
We understand your concerns and fears about our communities and nation. You are not alone.
Equality
Access to our programmes are devoid of tribalism, religious sentiment, colour and party affiliations.
Freedom
Wherever you live, we believe every Nigerian has the constitutional freedom to accomplish his or her dream without any encumbrances.
Innovation
This runs in our DNA. We'll continue to look for unique ways and partners that would make #DoingGood a Nigerian reality!
Our achievements so far?
Our commitment to the good constituents of Lagos East senatorial district is unwavering
Browse Tokunbo Abiru’s timeline
Keep abreast of Senator Tokunbo Abiru's activities. Join our press room
May 18th 2026
APC Members Reaffirm Confidence In Senator Abiru, Elect Him Unopposed In Lagos East
Teeming members of the All Progressives Congress across the Lagos East Senatorial District have unanimously reaffirmed their confidence in the senator representing the district, Senator Mukhail Adetokunbo Abiru, by electing him unopposed as the consensus candidate of the party. The affirmation which took place on Monday, at Ikorodu Town Hall, and across other locations in Somolu, Kosofe, Ibeju-Lekki and Epe local government areas, attracted massive turnout by party faithful and delegates, indicating strong support enjoyed by Senator Abiru within the ruling party in Lagos East.  Reacting to the affirmation, Senator Abiru expressed deep appreciation to party leaders, stakeholders, women, youths, delegates, and members of the APC family across the senatorial district for the confidence reposed in him. He described the overwhelming support as a reflection of the collective commitment of party members and residents to the continued growth, development, and progress of Lagos East and Lagos State at large. “I am deeply humbled by this overwhelming show of love, loyalty, and support. The massive turnout and solidarity displayed today is a clear reflection of our shared commitment to the continued growth, development, and progress of Lagos East and our dear Lagos State,” Abiru stated.  The senator also paid glowing tribute to President Bola Ahmed Tinubu for what he described as visionary leadership, unwavering commitment to progressive ideals, and sacrifices toward the growth of the APC and the nation. According to him, President Tinubu’s leadership continues to inspire many public office holders across the country.  Abiru further noted that the affirmation belongs to every committed party member and resident who believes in the collective vision for a more prosperous Lagos East. “This victory is not mine alone. It belongs to every committed party member and every resident who believes in our collective vision for a more prosperous Lagos East,” he added.  The lawmaker reiterated his commitment to delivering impactful representation, people-centred governance, and sustained development across the district. He said, “By the grace of God, I remain committed to delivering impactful representation, people-centred governance, and sustained development for our people. Together, we will continue to move Lagos East forward,” he said. 
April 28th 2026
2027: Lagos East GAC Leaders Endorse Senator Tokunbo Abiru for Another Term At Senate
Leaders of the Governance Advisory Council (GAC) in Lagos East Senatorial District have unanimously endorsed Senator Mukhail Adetokunbo Abiru for another term in the Senate ahead of the 2027 general elections. The endorsement, which took place on Tuesday at the residence of Otunba Busura Adedeji Alebiosu, GAC and apex leader in Lagos East, was a strong resounding vote of confidence in Senator Abiru’s performance and impactful representation since assuming office. The GAC leaders, who serve as the highest decision-making body of the All Progressives Congress (APC) in Lagos State, commended the Senator’s consistent delivery of democratic dividends, noting that his people-centred approach to governance has significantly improved the quality of life across the district. In his response, Senator Abiru expressed profound appreciation to the GAC leadership for the unanimous endorsement, describing the gesture as both humbling and deeply motivating. “I am sincerely grateful for this overwhelming show of confidence by our revered leaders. This endorsement is not only an honour but also a call to serve with even greater dedication, integrity, and purpose,” he said. The lawmaker noted that his decision to seek re-election is driven by a strong desire to consolidate the gains already recorded and to deepen the impact of inclusive governance and sustainable development across Lagos East. Drawing from over three decades of experience in the financial sector, including his tenure as Managing Director/Chief Executive Officer of Polaris Bank and former Commissioner for Finance in Lagos State, Senator Abiru stated that his approach to public service has remained anchored on discipline, transparency, and results-oriented leadership. Since his election into the National Assembly, where he currently serves as Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, as well as Chairman of the Southern Senators’ Forum, Abiru has sponsored and supported key legislative initiatives aimed at strengthening Nigeria’s economic and financial systems. Beyond his legislative duties, the Senator has implemented wide-ranging constituency interventions across all 98 wards in the 16 Local Government Areas and Local Council Development Areas that make up Lagos East. He expressed appreciation to party leaders, stakeholders, and constituents for their unwavering support, assuring them of his continued dedication to fostering unity, progress, and inclusive development across Lagos East. Enitan Olukotun Media Aide to Senator Tokunbo Abiru
March 26th 2026
Senator Abiru Hosts Lent Service, CAN Commends Initiative as Lagos East Christians Unite in Prayer
Christians across Lagos East Senatorial District, under the auspices of the Christian Association of Nigeria (CAN), converged for the annual Senator Mukhail Adetokunbo Abiru Lent Service and Prayer Session, in a demonstration of faith, unity, and interfaith harmony. The event, which followed the successful Ramadan Lecture Series organised by Senator Abiru across the senatorial district, stressed the lawmaker’s commitment to inclusive leadership, religious tolerance, and community cohesion. Representing the Senator at the event, Otunba Saheed Oladapo Ibikunle, PhD, Special Adviser on Constituency Matters, emphasised that the initiative reflects Senator Abiru’s deliberate effort to engage with all segments of his constituency, irrespective of religious affiliation.  “The Senator is committed to engaging with all strata of the constituency and respecting what they practice. That is why he actively participated in the Ramadan Tafsir and is now identifying with the Christian community during Lent. This is what true representation means,” Ibikunle said. He urged Nigerians to reject divisive tendencies rooted in religion, noting that both Christians and Muslims worship the same God and should not allow religious differences to breed hatred or disunity. “There should be no delineation based on religion when it comes to leadership and civic responsibility. Ramadan and Lent coexisted this year, and that is a powerful message of unity. We must see ourselves as brothers and sisters and resist any attempt to use religion as a tool for division,” he added. In his remarks, the Chairman of CAN in Lagos East Senatorial District, Reverend Joshua Ojo, commended the initiative, describing it as a laudable platform that fosters unity and spiritual reflection among Christians in the district. “This is a commendable initiative, and we appreciate it. This is the second edition, and bringing Christians together in this manner promotes unity and brotherliness. It is also a period of sober reflection and collective prayers for a better Nigeria,” he said.  Delivering the sermon, the Guest Minister, Venerable Gbenga Matthew Babatunde, Provost of the African Church Bethel Cathedral, Aga, Ikorodu, spoke on the theme “Doing Good,” drawing parallels between Christian teachings and Senator Abiru’s #DoingGood mantra. He stressed that doing good is a fundamental obligation for all believers, urging the christains to live lives of service to humanity and devotion to God. “Doing good is a divine mandate. God has called us to serve humanity across all divides. Like the parable of talents teaches us, our gifts are of no value until they are put to use. We must deploy our talents in the service of God and mankind,” he said.  The event attracted several dignitaries and political leaders, including Yeye Olayinka Olusanya, APC Vice Chairman, Lagos East Senatorial District; Deaconess Wonuola Aderibigbe-Oshinowo, JP, Lagos East Women Leader; Rtd. Col. Titilola Onafowokan, PhD; Alhaja Sherifat Abiodun Ogunniyi;Comrade Kehinde Olusola Okeowo; Barrister Olusegun Ojelade; Alhaji Musiliu Sulaimon (Ola 4); Comrade Japhet Odesanya and Hon. Kazeem Showemimo, among others.
March 6th 2026
Insurance Reforms Act Key to Strengthening Nigeria’s Financial System, Senator Abiru Declares
The Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Mukhail Adetokunbo Abiru, FCA, has described the recently passed Nigerian Insurance Industry Reform Act as a decisive step toward repositioning the country’s insurance sector for growth, resilience and global competitiveness. According to the senator, the reform law represents a critical legislative milestone aimed at modernising the legal framework governing the industry and unlocking its long-standing potential. Abiru stated this on Wednesday while delivering a keynote address at the Insurance Sector Consultative Forum organised by EnterpriseNGR at the Nigeria Insurers Association Conference Hall, Victoria Island, Lagos.  Speaking on a topic titled, “Reform, Resolve, Results: Powering a New Era for Nigeria’s Insurance Sector,” the lawmaker noted that despite Nigeria’s population of over 200 million people, insurance penetration remains about 0.44 percent of Gross Domestic Product (GDP), indicating significant room for expansion. Senator Abiru said although gross premiums reached about ₦1.56 trillion in 2024, the industry’s long-term investment capacity remains modest compared with other emerging markets. Drawing comparisons across Africa, he observed that insurance penetration exceeds 11 percent of GDP in South Africa and is above 2 percent in Kenya, largely driven by innovation and wider distribution channels.  The lawmaker further noted that the expected outcomes of the reform include stronger solvency standards, faster and more transparent claims settlement, increased insurance penetration among households and small businesses, and improved enforcement of compulsory insurance policies, stressing that the reforms had restored consumer confidence in the industry. He said that a stronger and well-capitalised insurance sector would significantly contribute to national economic resilience by providing long-term financing for development projects. According to him, insurance companies globally serve as major institutional investors that support infrastructure development and economic expansion. The Chairman of EnterpriseNGR, Mr. Aigboje Aig-Imoukhuede; Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin; and other prominent industry leaders emphasised the urgent need for coordinated reforms, stronger industry collaboration, and innovative approaches to expand insurance adoption and improve public confidence in the sector. On why the EnterpriseNGR,is convening critical meeting of top stakeholders in the insurance industry, the Chairman of EnterpriseNGR, Mr. Aigboje Aig-Imoukhuede, said: “The greatest source of growth for any economy is investment, and the lever through which that growth is achieved is the financial and professional services sector. So we want to have a vibrant financial and professional services sector. One of the most important professions and services across the world is insurance, and that is why we are focused on the insurance subsector at this time.  “The whole idea is to achieve a level of relevance of insurance in the economy that is higher than what it is today. Right now, we are under one percent penetration in terms of insurance-to-GDP ratio. Some countries are at three percent, others at 11 percent. So if we grow from where we are today to three percent, that is tripling the sector, and if we go to 11 percent, that is ten times growth. The effect on the overall economy will be tremendous.” Also, the Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission, Mr. Olusegun Omosehin, disclosed that: “Given the ambition of President Bola Tinubu on the direction of the transformation of the Nigerian economy, the transformation of the insurance sector is no longer optional. It has to commence now. “Given the level of work that has been done at the regulatory end, it then becomes obvious that we needed a platform for collaboration across all stakeholders in the financial services and professional ecosystem to ensure that the desired transformation is given meaning. There is no nation on this planet that can successfully transit to that level of growth without the resilience required from the insurance sector.”  Also speaking, the President and Chairman of Council of the Chartered Insurance Institute of Nigeria (CIIN), Mrs. Yetunde Ilori; the Director-General of the Nigerian Insurers Association, Mrs. Bola Odukale; the Chief Executive Officer of EnterpriseNGR, Obi Ibekwe; and other stakeholders underscored the importance of collective action across regulators, policymakers, insurers, brokers, and other stakeholders to address structural barriers limiting insurance penetration and strengthen the sector’s contribution to Nigeria’s economic development. They emphasised the need for stronger collaboration between industry stakeholders, professional bodies, and academic institutions to build a future-ready workforce while reinforcing ethical standards and continuous professional development across the sector. Odukale said, “the talks about collaboration are very important because we are transitioning in terms of reforms, like the NIRA Act 2025, which is going to transform our market. So when we are talking about transformation, you actually need people that you will collaborate with. You can’t do everything just by yourself. “For us as an industry, collaboration is key and this is very important to us. We believe it is going to have a lot of impact on the ability to deepen insurance penetration in Nigeria and also for our industry to continue to give value to the insuring public.”. Participants at the forum also examined the key factors responsible for the low adoption of insurance products in Nigeria, including limited consumer awareness, trust deficits driven by claims disputes, and inefficiencies in customer experience.