Innocent Ike Succeeds Abiru as Polaris Bank Acting MD/CEO

A collage photo showing Polaris Bank's newly appointed Acting Managing Director/Chief Executive Officer, Innocent Ike (above); retired MD/CEO, Tokunbo Abiri (left/below) and Polaris Bank brand identity.

Polaris Bank has appointed Innocent Ike as Acting Managing Director/Chief Executive Officer.

The bank, in a statement, announced Ike’s appointment to succeed Adetokunbo Mukhail Abiru, who recently retired from the bank.

The outgoing managing director has been touted to become the flagbearer of the All Progressives Congress (APC) in Lagos State as a replacement for Bayo Osinowo, the deceased senator who represented Lagos East Senatorial district, but died on June 15 of complications arising from the Coronavirus (COVID-19).

Abiru, whose retirement takes effect from August 31, was appointed to head the bridge bank which took over the assets and liabilities of the defunct Skye Bank.

The statement said Ike’s tenure as Acting Managing Director of the bank would be effective September 1.

“The incoming Acting Managing Director/CEO was until now the Executive Director, Technology and Services while also overseeing the South-south/South-east Directorate of the bank,” the statement read.

Ike joined the defunct Skye Bank in July 2016 as the Executive Director, Technology and Services after the Central Bank of Nigeria (CBN)’s intervention in the bank.

He was reappointed in the same capacity in Polaris Bank in September 2018, upon the acquisition of the assets and some liabilities of the defunct Skye Bank Plc by Polaris Bank.

Prior to his appointment on the board of Skye Bank, Ike was an Executive Director in Keystone Bank.