Moving on: Lagos finance commissioner resigns to takes up bank job

by Oge Okonkwo

Gov. Babatunde Fashola

Lagos commissioner for finance, Tokunbo Abiru, resigned from his office to take up an appointment as the  Executive Director of First Bank of Nigeria Plc and a Board member of FBN Holdings Plc.

The resignation was announced by the Lagos state government on Monday, July 29, 2013.

According to a statement made by the Special Adviser on Media to Governor Babatunde Fashola (SAN), Hakeem Bello, Abiru’s resignation, which was formally tendered on Monday, would be effective from August 1.

ThisDay reports:

Governor Babatunde Fashola (SAN) speaking on Abiru’s resignation after the state Executive Council meeting Monday, said the commissioner was leaving to take up appointment as Executive Director of First Bank of Nigeria Plc and a Board member of FBN Holdings Plc

He added that the commissioner, who became the state executive council member after Fashola’s re-election, gave commendable service to the state within his short but impactful stay in office.

He therefore wished him well in his new challenge as a director of one of the leading banks in the country and expressed confidence that the out-going commissioner would prove his mettle as a seasoned banker while continuing to bear aloft the flag of the state.

Abiru, a Fellow of the Institute of Chartered Accountants and professional banker, joined the state’s public service from the First Bank where he has had over two decades of a successful career, serving variously as Group Head, Corporate Banking and Business Development Manager, among others.

In his letter of resignation to the governor, dated June 8, Abiru expressed his gratitude to the governor for the life changing opportunity to serve the good people of Lagos and affirmed that he had indeed benefitted from the art of good leadership and governance.

He promised to remain a committed and good ambassador of the values and custom of the governor’s admirable leadership. The letter of appointment from First Bank  dated June 19 said the appointment of Tokunbo Abiru as an Executive Director will take effect from August 1.

It also said the appointment which, subject to satisfactory performance and the usual annual assessment, will, in the first instance, be for a period of three years from the effective date and is also renewable for another three years, has effectively brought to an end his approved leave of absence from August 1.

Abiru was also nominated by a June 26 letter from the FBN Holdings Plc to serve as a Director on its Board.

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