Who is af­ter Tokunbo Abiru?


When Tokunbo Abiru was ap­pointed Man­ag­ing Di­rec­tor/Chief Ex­ec­u­tive Of­fi­cer of ail­ing Skye Bank Plc.( now Po­laris Bank), no one was in doubt that he has the man­age­rial skill and ex­per­tise to turn it around.

Not long af­ter he as­sumed of­fice, he proved pun­dits wrong that age is not a fac­tor when it comes to ef­fi­cient ser­vice de­liv­ery and well-fo­cused ad­min­is­tra­tion, even in the face of per­sis­tent op­po­si­tions from both within his bank and other fi­nan­cial ser­vices providers.

But as proof of his bril­liance, the apex bank re­tained him along­side other mem­bers of the board to con­tinue the lead­er­ship of Po­laris Bank, af­ter the crash of Skye Bank.

Since then, the as­tute 55-year-old banker is clos­ing all the gaps that can af­fect his po­si­tion as the leader, and there are in­di­ca­tions that ev­ery­thing is work­ing per­fectly well for him.

But it seems some peo­ple are hell­bent on see­ing the down­fall of the man who has show­cased his wiz­ardry, as there has been what our source de­scribed as a “cam­paign of calumny against him.”

So­ci­ety Watch gath­ered that in the past one week, neg­a­tive sto­ries have been in cir­cu­la­tion al­legedly spon­sored by some el­e­ments with the aim of pulling him down.

In one of the wicked lies in a sec­tion of the me­dia, the share­hold­ers of the bank ac­cused the cur­rent man­age­ment of con­niv­ing with the CBN to al­legedly de­fraud them of their in­vest­ment with the takeover of Skye Bank Plc by Po­laris Bank

They claimed that they are at the risk of los­ing an es­ti­mated N10.69 bil­lion, be­ing the value of the funds.

They are also call­ing for the sack of the MD and the en­tire man­age­ment of the bank.

But in a chat with So­ci­ety Watch, a top banker who spoke on the con­di­tion of anonymity said: ‘’ The MD and the en­tire man­age­ment have done ex­tremely good; oth­er­wise, the CBN wouldn’t have en­trusted Po­laris bank in their hands.


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