The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Top News

How We Saved 8,000 Jobs, N1trn Customers’ Funds In Skye Bank- Ex-CEO

Next Edition by Next Edition
September 25, 2020
in Top News
How We Saved 8,000 Jobs, N1trn Customers’ Funds In Skye Bank- Ex-CEO
0
SHARES
1
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

A former Managing Director, Polaris Bank, Mr. Tokunbo Abiru, says the defunct Skye Bank could have claimed eight thousands jobs and one trillion naira customers’ funds, if not rescued when in distressed.

Abiru, the APC candidate for the Oct. 31 Lagos East Senatorial bye-election, made the revelations on Friday at a campaign meeting with party stakeholders, community leaders and residents in Ikorodu.

You might also like

Lagos Re-opens Oko-Oba Abbatoir

Gunmen Abduct, Kill Anambra Chief After N15m Ransom

One Killed, Five Injured As Landmine Explodes In Imo Market

He said the Federal Government took over the bank in view of its precarious financial situation and changed it to Polaris Bank.

According to him, before I retired at the Polaris Bank as the Chief Executive Officer, we had stabilised the bank and returned it to path of profitability.

“Skye Bank was rescued and changed to Polaris Bank. With the change, and what we were able to do, the bank is now stronger.

“We were able to save no fewer than eight thousands jobs, and by extension, protect the livelihoods of about 40,000 families.

“We kept our four million customers and saved the deposits of about one trillion naira that could have been lost.

“We did our best; if elected, I will make the same impact and even, do more for the people of the Lagos East Senatorial District,” Abiru said.

The APC standard-bearer said that he was made the chief executive officer with a mandate to turn the bank around.

He said with focus, dedication and support of his team, he was able to stabilise Polaris Bank before he retired in August.

Abiru promised that if elected, he would replicate his interventionist strides and bring to bear his over 30 years experience in banking sector in the Senate.

“I want to thank you all, party members, for your support and for choosing me as candidate of the party. I thank you, and I assure you that I will deliver, if elected.

“I will bring the competence acquired in the banking sector for about 30 years to serve the people in Senate,” the APC candidate promised.

Abiru said he would continue with the legacies of those who had represented the senatorial district by offering quality representation.

He said his father, Justice Abiru, Sen. Anthony Adefuye, Sen. Adeseye Ogunlewe, Sen. Olorumbe Mamora, Sen.Gbenga Ashafa and the late Sen. Bayo Osinowo, did well, promising to do his best to honour their legacies.

Abiru said he would work with other National Assembly members to attract more development to the Lagos East and the state as a whole.

He said that securing a special status for Lagos in view of the pressure on the state as a former Federal Capital would be one of his priorities at the Senate.

The standard-bearer also called on residents to come out en masse on Oct. 31 and vote for him and APC for more dividends of democracy in the senatorial district and the state.

Earlier, Chief Kaoli Olusanya, the APC, Vice-Chairman, Lagos East, described Abiru as a competent and trusted candidate.

Olusanya urged the party members and residents to vote overwhelmingly for Abiru to ensure his emphatic victory.

He decried the decreasing votes for APC over the years, urging residents to go all out and prove that they were for APC on Oct. 31.

“Our votes have been decreasing, though, we have been winning, we have to prove this time that the only party in the state is APC.

READ ALSO: My Suspension, A Joke Taken Too Far – Fayemi

“The total number of votes for Gov. Sanwo-Olu from Ikorodu in 2019 is 45,000, far from the best votes of 88, 000 we got in 2011.

“Ipakodo Community alone can give us 45, 000. I appeal to you, party members and residents, to give us more this time.

“Prove your massive support for APC and Abiru by delivering at least 100,000 votes on Oct. 31, ” he pleaded.

Some of the APC chieftains present included: Mr. Sanai Agunbiade, Majority Leader of the Lagos State House of Assembly; Rep.Jimi Benson (Ikorodu) and Mrs. Abike Dabiri-Erewa, Chairman, Nigeria Diaspora Commission (NIDCOM).

Also, former member of the state House Assembly, Mr. Segun Olulade; Chairman of Igbogbo/Bayeiku Local Council Development Area (LCDA); Mr. Sesan Daini, Chairman of Bariga LCDA; Mr. Kolade Alabi, Chairman, Somolu Local Government Area, and Mr. Ahmed Salau were also present.

NAN

Tags: Lagos APCPolaris BankTokunbo Abiru
Next Edition

Next Edition

Recommended For You

Lagos Shuts Oko-Oba Abattoir Over Unsanitary Practices

Lagos Re-opens Oko-Oba Abbatoir

  The Lagos State Government has directed the immediate re-opening of the Oko-Oba Abbatoir in Agege following the fulfillment of sanitation and hygienic prescriptions by the operators. The...

Gunmen Invade Monarch’s Palace In Benue, Kill Son, Abduct Daughter

Gunmen Abduct, Kill Anambra Chief After N15m Ransom

  Panic has gripped the Nimo community in the Njikoka Local Government Area of Anambra State following the murder of a prominent traditional titleholder and community leader popularly...

Police Arrest Woman Taking Daughters To Bandits For Sex

One Killed, Five Injured As Landmine Explodes In Imo Market

A landmine exploded inside Eke Ubaheze Market Square in Awo-Idemili, Orsu LGA of Imo state on Tuesday, killing one person and injuring five others. The blast, which occurred...

Imo NDLEA Confirms Arrest Of Alleged Notorious Drug Dealer

NDLEA Seizes 1.94m KG Of Illicit Drugs In Abia, Arrests 222 Suspects

  The National Drug Law Enforcement Agency (NDLEA), Abia State Command, said it has seized about 1.94 million illicit drugs, and arrested 222 suspects in one year.  ...

Next Post
Buhari Backs ECOWAS 12-Month Ultimatum For Transition To Civilian Rule In Mali

President Buhari Renews Appointments Of CEOs of PTDF, PEF, NCDMB




Related News

Israeli COVID-19 Expert Urges Patience In Assessing Omicron Variant

Israeli COVID-19 Expert Urges Patience In Assessing Omicron Variant

Burna Boy To Make First Headline Appearance At O2 Arena

Burna Boy To Make First Headline Appearance At O2 Arena

25m Nigerians Risk Job Losses Over Poultry Industry Crisis – PAN

25m Nigerians Risk Job Losses Over Poultry Industry Crisis – PAN




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
[email protected]
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited