Connect with us


Lagos East senate: My focus is on Polaris Bank’s stakeholders, customers for now – Abiru



Lagos East senate: I'm committed to Polaris Bank's stakeholders, customers for now - Abiru
Polaris Bank MD, Tokunbo Abiru

The managing director cum chief executive officer of Polaris Bank Limited, Mr. Tokunbo Abiru, has reacted to news making the rounds on some online media platforms alluding that he is seeking to contest for the forthcoming senatorial bye-election of Lagos-East Senatorial Zone under the platform of All Progressives Congress (APC).

Late Senator Bayo Osinowo, the lawmaker representing the zone reportedly died of complications from coronavirus (COVID-19) in July.

Abiru, in a statement made available to THE WITNESS on Tuesday, noted that while he holds the public service in high esteem, “his time and energy at this time is primarily devoted towards building a world-class financial brand that will serve the interest of all stakeholders of the Bank”.

“I am 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.

“Having served as a former commissioner under the then leadership of Babatunde Fashola SAN, it is not unexpected that such rumours and sentiments could sometimes spring up in some quarters.

The Polaris Bank CEO advised the staff and customers of the lender as well as regulators, local and international stakeholders to disregard such stories expressing his commitment to his current mandate in the bank.