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DOSSIER · SENATORUPDATED JUN 2026

Tokunbo Abiru

Senator, Lagos East (Senatorial) · APC

Assessment Profile06

Senator Mukhail Adetokunbo Abiru (APC, Lagos East) brings a 29-year banking career, including a stint as pioneer MD/CEO of Polaris Bank, to a committee chairmanship that places him at the centre of Nigeria's financial-sector legislation. His most significant output is the Nigerian Insurance Industry Reform Act 2025 (NIIRA), which he sponsored and shepherded through both chambers; President Tinubu signed it on 5 August 2025. He also co-sponsored the CBN Act amendment passed in 2024 to cap Ways and Means advances, and sponsored the Copyright Act Repeal and Re-enactment Bill signed by President Buhari in March 2023. In the 10th Senate he has led a public hearing on a BOFIA amendment bill (March 2026) to bring fintechs under CBN supervision, responding to the CBEX Ponzi scheme collapse. Constituency delivery in Ikorodu Division is documented through classroom blocks in multiple schools, a refurbished primary health centre, local road completions, and the 34-km Ikorodu-Itokin Road reconstruction he facilitated at the federal level. His N300 million revolving loan scheme (launched 2022 with BOI and LSETF co-funding) and the December 2025 N480 million cooperative grant programme are among the more structured constituency finance interventions in the 10th Senate. No EFCC, ICPC, or court proceedings have been identified against Abiru personally. The principal gap is that the BOFIA fintech bill had not passed third reading as at the date of this card, and the long-running Ikorodu-Itokin Road remains incomplete, with the Federal Government rejecting palliative works in February 2025 and ordering the contractor back to site.

HIGHLOWBPromisesBLegislativeBConstituencyBIntegrity
Legal Record07

No court or anti-graft case on public record in this archive as of compilation. Absence of a record is not a clearance.

This grade rates performance in office, not any person’s guilt. Criminal matters appear above only as their court status. How we grade.

Sources26
  1. 1APC's Tokunbo Abiru wins Lagos East Senatorial seatPremium Times Nigeria · 2020-12-06
  2. 2Tinubu Signs Insurance Industry Reform Bill into LawPunch Newspapers · 2025-08-05
  3. 3The Dawn of a New Era as President Bola Ahmed Tinubu Signs the Nigeria Insurance Industry Reform Act 2025 into lawNational Insurance Commission (NAICOM) · 2025-08-14
  4. 4Senate passes 2024 Nigerian Insurance Industry Reform BillVanguard News · 2024-12-01
  5. 7Bill to amend CBN Act passes second reading at SenateDaily Post Nigeria · 2024-02-27
  6. 8Senate Backs Stronger CBN Oversight Of Fintechs, Tougher Action On Ponzi SchemesChannels Television · 2026-03-04
  7. 9Senate Considers Bill to Empower CBN to Regulate FintechNigerian CommunicationsWeek · 2025-12-01
  8. 10Tokunbo Abiru: Former Polaris Bank MD appointed Chairman of Southern Senators ForumNairametrics · 2024-03-13
  9. 11Abiru unfolds N300m revolving loan for entrepreneurs in Lagos EastThe Nation Newspaper · 2022-09-01
  10. 12Senator Abiru Facilitates Stabilization of Critical Ikorodu-Itokin Road ahead of Major RehabilitationKosofe Post · 2023-05-26
  11. 13SPC honours Sen. Abiru for responsive representationThe Authority News · 2025-03-14
  12. 14APC Primaries: Abiru secures Lagos East ticket unopposed for third termPremium Times Nigeria · 2026-05-19
  13. 15Senator Tokunbo Abiru Commissions Agunfoye Road, Health Centre, and School Projects in Igbogbo-Baiyeku LCDAIkorodu News Network · 2025-07-09
  14. 16Senator Tokunbo Abiru Facilitated Roads: 1.2 Km Dagbolu, 1.2 Km Agunfoye, 1.2 Km Ojokoro, Currently Under ConstructionLagos Community News Review · 2025-03-01
  15. 17Abiru delivers new classrooms in Lagos EastEdugist
  16. 18Again, Senator Tokunbo Abiru Delivers Health Center, Classroom Projects Across Ikorodu DivisionIkorodu Oga Community Radio
  17. 19Senator Abiru Delivers Elepe PHC, Classroom Blocks In Four Schools Across Ikorodu DivisionThe Impact Newspaper · 2026-06-11
  18. 20Senator Mukhail Abiru Launches 48 Cooperatives With N480m, Empowers Thousands in Lagos EastPulse Nigeria · 2025-12-11
  19. 21Lawmaker launches cooperatives with N480m take-off grantPunch Newspapers · 2025-12-01
  20. 22Reconstruction: Sanwo-Olu, Abiru seek dualisation of 34 km Ikorodu-Itokin RoadVanguard News · 2024-04-25
  21. 23FG rejects Ikorodu-Itokin palliative work, orders contractor back to siteThe Guardian Nigeria · 2025-02-01
  22. 24N36bn fraud: Ex-Skye Bank chairman enters EFCC netPulse Nigeria · 2026-04-25
  23. 25Who is after Tokunbo Abiru?This Day Live · 2018-11-11
  24. 26Tokunbo Abiru: Tinubu's reforms yielding gains, stabilising economyTheCable · 2025-10-01