. However, Olumide Aju, lawyer representing Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it cannot be placed within the realm of any law. Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. She also averred that during the lifetime of her father, he had a peculiar manner of acquiring his assets, using the Proxies, among other corporate structures, rather than holding these assets directly in his own name, and that payments that were made for asset acquisition, or funds received in respect of the Proxy companies, were either paid from or into his personal accounts-, That is the problem that men leave for their families when they pass away and have children from more than one woman. See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. However, Olumide Aju, lawyer representing Under his watch, GTB notched growth, emerged an industry leader in progressive innovations, became one of the most profitable and professionally managed institutions in Nigeria, and received several awards for corporate governance and customer service. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. By subscribing, you're accepting to receive promotions. LATE GTB GMD, MR TAYO ADERINOKUN. Investments Limited, Day Waterman Company Limited and Cariboo Investment In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. In their 30s, the teenage friends decided to collaborate to found one of Africas biggest banks in 1990, following the success of their barbing salon, Finishing Touches Barbing Salon, in the mid 80s. The plaintiff who is a minor, is also urging the court for an enquiry into what volume of her late fathers shares issued by GTBank were held in his name and the names the three companies, Kanali Investments Limited, Day Waterman Company Limited and Cariboo Investment Limited (being shares/Properties held in trust of the beneficiaries of her late fathers estate), as at the time of his death on June 14, 2011. And it was something I did very well.. However, Justice Mohammed Idris has fixed this week for the hearing of the suit. GTBank and other defendants in the suit from cknowledging/recognising the father, he had a peculiar manner of acquiring his assets, using the Proxies, He stated further that the deceased could not have given his GTB Plcs shares held in the name of the three companies to any beneficiaries as claimed by the plaintiff because the said companies owned GTB Plcs shares not the deceased. Ire Aderinokun is one of the founding members of Feminist Coalition,[18] a group of young Nigerian women with the aim of promoting equality for women in Nigerian society. Oluwatise, who is acting through her mother, Mrs. Salamotu Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare that the recognition of three limited liability companies Kanali Investments Limited, Day Waterman Company Limited and Cariboo Investment Limited (the proxies), as being entitled to the rights accruing to the shares issued by GTB Plc, held in the proxies names and in the name of her late father, Olutayo Aderinokun, is wrongful and breach of the implied contract between the defendants and her late father. In the last two decades, the FATE foundation has served over 30,000 Nigerian youths with over 65% fully engaged in profitable enterprises to date. Your email address will not be published. For late Tayo Aderinokus wife, Salamatu, new lease of life. All the resolutions of the three companies were duly passed at meetings validly convened by the companies. A Federal High Court in Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by Miss Oluwatise Aderinokun, the eight-year-old and last child of the late founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo Aderinokun, against the bank and six others over alleged manipulation of her late father's document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. At the resumed hearing of the suit Tuesday, the seventh defendant, Investment One Financial Services Limited, one of the vehicles used by late Aderinokun, to acquire shares in GTBank, informed the court that it had filed an affidavit of facts before to assist the court in the judicious determination of the plaintiffs suit. She also want the court to make an Order of Specific Performance of the implied contract between her late father, Olutayo Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said defendants are to accord late Olutayo Aderinokun all the rights and, or beneficial interest in the shares purchased by her late father, and issues by GTBank in the name of his corporate vehicles used as the proxies. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. He added that the Letter of Administration issued to the Executors of Aderinokuns Will is only in respect of Estates and shares personally owned by the deceased. At 56 years old, Tayo Aderinokun height not available right now. defendants are to accord late Olutayo Aderinokun all the rights and, or The deponent averred further that the incomes from Many years later, Fola Adeola would say, My joy is that in my lifetime, an organization that I birthed can stand alone without any input from me or my partner. cannot be placed within the realm of any law. [2] [3] [4] She is Nigeria's first female Google Developer Expert. sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants The late Tayo Aderinokun was a wealthy man in | 271 comments on LinkedIn Tayo Aderinokuns income source is mostly from being a successful Banker. whom were granted Probate on February 16, 2012. We will update Tayo Aderinokun's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. by raising funds severally and becoming the first Nigerian Company and African Bank to be listed on the Main Market of the London Stock Exchange . Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. That bank would be named Guaranty Trust Bank. vehicles through which late Aderinokun acquired invested and held his asset Two very important objectives he always emphasized. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. Breaking: Nigerians Condemn Shells Plot to Smear Aiteo, Emir of Kanos Deposition: Why Former Access Bank MD, Aig-Imoukhuede, is the Worst Hit, OMSL to the RescueHow the Nigerian Company Rescued Chinese Vessel from Pirate Attack, So Sad How Coronavirus has Hampered the Nigerian, London and Dubai Socio-Economic Milieu, Femi Otedola Wins African Person of the Year, First of its kind! Vanguard News, Sports and Business from vanguard Newspapers "By the power vested in me, I now pronounce you husband and wife. GTBanks shares have been the subject of various discussions between the RDT-213 "Medyo kasi diyan.." Isang busty na misis na walang ingat na lumalabas na walang bra ang nang-aakit sa isang lalaki ng hindi niya . You may kiss the bride." It was the last line I heard before the corners of his lips rose, his eyes shifted from Father to mine, causing my head to turn to the small crowd to . [10][11], Ire is a self-taught frontend developer and user interface designer. Now, we are going into a new phase which may be for me more challenging, because I have to play 2 roles. Mr. Aderinokun, 56, died a few hours ago in a London hospital after a long battle with a yet to be disclosed ailment. When Aderinokun took over the reign as MD after his friend stepped down from the position, his experience and dedication to excellence were immediately in full glare. Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Abeokuta/London Politicians joined corporate Nigeria on Wednesday to mourn the demise of Tayo Aderinokun, the man who co-founded Guaranty Trust Bank (GTB) in 1990 and was its Managing. Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. They both later worked at the Continental Merchant Bank in the mid 80s before Aderinokun moved to Prime Merchant Bank where he occupied the position of an Assistant General Manager and Head, Financial Services. beneficial interest in the shares purchased by her late father, and issues by Mr Tayo Aderinokun died at 56 years old following a long battle with Cancer but his legacy as a man . Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. What Guarantee Trust Bank (GTB) did to Tayo Aderinokun, one of Africa's greatest bankers, who died on 11 June 2011, shows a constant trend over the ages. Limited (being shares/Properties held in trust of the beneficiaries of her late We have estimated Tayo Aderinokun's net worth , money, salary, income, and assets. personal incomes, as he used his personal incomes to purchase assets in the Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. Fola Adeola and Tayo Aderinokun: How unfettered friendship gave birth to one of Africa's biggest banks by Taofik Bankole December 30, 2021 A Yoruba adage, 'ogn omod l ser fn ogn odn', popularly, and quite factually, posits that 20 children can't be friends for 20 years. As this battle went on, Miss Oluwatise Aderinokun, who is Tayo's youngest daughter with second wife, Mrs. Salamotu Aderinokun, adding to the heat, filed a lawsuit against GTBank. Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. judicious determination of the plaintiffs suit. his children. An order of perpetual injunction restraining Required fields are marked *. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. And he would laugh, and reply, wait until I get it.. It was during this period that he forged an unfettered friendship and brotherly bond with Adeola. It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. [9] Notify me of follow-up comments by email. Tayo Aderinokun began his banking career at the Central Bank of Nigeria, Calabar, where he underwent the mandatory one year national service programme (NYSC) in 1977/78. $1 Million - $5 Million. GTBank were held in his name and the names the three companies, Kanali He resigned this appointment in 1989 to start First Marina Trust Limited a non-bank financial institution which he oversaw until co-founding Guaranty Trust Bank with his close friend, Fola . The Real Housewives of Atlanta The Bachelor Sister Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Last Week Tonight with John Oliver. [3] The institution he co-founded is perennially . accruing to her late fathers shares held in his name, and the names of the The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. Funlola Aderinokun and He was also the Chairman of the Lagos State Disaster Relief Committee, a team formed as a result of the January 27, 2002, Lagos bomb blast, and he is also a member of the Solid Minerals Committee and the Chairman of the Ogun State Development Trust Fund Committee. Old childhood friend. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. that the recognition of three limited liability companies Kanali Investments He spent his childhood in Melbourne, and after completing his high school education, he moved and settled in the US.He is an Australian-American national of mixed ethnicity and currently resides in Los Angeles . and her late father. Though, he may have breathed his last June 26, 2011, his spirit and essence have continued to permeate banking profession and national life on account of his sterling contribution. late fathers shares. Miss Oluwatise Aderinokun, the eight-year-old and last child of the late Mga tita, help. Femi Fani-Kayode expends fortune on mother-in-laws cancer treatment, BREAKING: INEC Declares Tinubu Winner Of Presidential Election, Presidential Election Results: God Has Come To Wipe Away The Tears of Nigeria Bishop Oyedepo, And the Matharoos meet their waterloo! Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! The bank has also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone and Ghana. The relationship between Muyiwa Bakare and the widow of Tayo Aderinokun, Salamatu is the very best of friendships, and this has remained true over the years. The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. Gunma/Fujioka Edition ni Nonoko Egawa. [4]. You have selected an article from the AllAfrica archive, which requires a subscription. He later became the Managing Director of the bank following the resignation of Co-founder, Fola Adeola and maintained the position until his death in June 2011. Learn more about our use of cookies. His wife is Funlola Aderinokun and Why Guinness Moves Headquarters To Ghana Sources, Unknown Nigerian artist redefining art with hyper realistic paintings, Lagosians ecstatic as Ambode illuminates Lagos with street lights, Debt and disease! Since he retired from active banking service, Fola Adeola has been a board member of several organisations ranging from but not limited to Arm Holdings, Eterna Oil, Cardinal Stone Partners Limited, UTC, Credit Registry Services and MainOne Cable Company Limited. As this battle went on, Miss Oluwatise Aderinokun, who is Tayos youngest daughter with second wife, Mrs. Salamotu Aderinokun, adding to the heat, filed a lawsuit against GTBank. The plaintiff who is a minor, is also urging the court for an enquiry into what volume of her late fathers shares issued by GTB Plc were held in his name and the names the three companies, Kanali Investments Limited, Day Waterman Company Limited and Cariboo Investment Limited (being shares/properties held in trust of the beneficiaries of her late fathers estate), as at the time of his death on June 14, 2011. You can subscribe by visiting our subscription page. The plaintiff is also seeking a court declaration trust of her late fathers Will by the said proxy companies. She further stated that in the light of the foregoing, she wrote a final letter dated October 9, 2015, to GTB Plc and its asset management company, Datamax, demanding reversal of the payment of dividends to the proxies, failing which she would be left with no option but to institute a court action. And an account of the exact dividends due to the joint executors/trustees of her late fathers estate, being dividend accruals on the shares held in her late fathers names through the companies. Why billionaire housewives dread them. executors of his estates. He went on to work for Chase Merchant Bank Nigeria Limited (later Continental Merchant Bank) between 1981 and 1988. Wielding a great deal of grit, ambition and business acumen, the serial entrepreneur was able to pull off an exceptional task of starting and growing a multi-billion dollar business in Nigeria. Managing Director of Guaranty Trust Bank (GTBank) Plc, Mr. Tayo Aderinokun is dead, but his works and achievement are being remembered by friends, associates and admirers. See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. entitle to the rights of her late fathers shares (issued by GTBank), held in Paga acquires Ethiopian-based startup, Apposit, ZENITH BANK, OLUSOLA ADEJUGBE IN DIRTY LITIGATION DRAMA, Embattled First Bank Holdings MD, Nnamdi Okonkwo Goes Under Operates on Very Low-Key Lifestyle, Jim Ovia Stages Jaw-Dropping Wedding for DaughterSpends Billions on Destination Wedding. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the So, I have to start looking for somebody who will play either the role Fola was playing or the role I was playing before. The GTBank journey began when Fola Adeola and his friend, Tayo Aderinokun, pooled some resources together and decided to establish a barbing salon in Lagos, Ikoyi, called Finishing Touches Barbing salon. [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. Save my name, email, and website in this browser for the next time I comment. He is a member of famous Banker with the age 56 years old group. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. We recommend you to check the complete list of Famous People born on 8 May. Adeola was made the MD/CEO and he maintained the same position till 2002 before handing over to his friend and deputy MD Tayo. Babatunwa also stated that the plaintiffs claim that her late father held GTB Plcs shares through three companies namely: Kanali Investment Limited, Day Waterman Company Limited, and Cariboo Investment Limited, is erroneous and inaccurate, as the said three companies are validly constituted and registered under Nigerian law and that the deceased was only one of the shareholders and directors of these companies. seventh defendant, Investment One Financial Services Limited, one of the She also stated that despite acting contrary to her late fathers instructions, she caused a correspondence dated February 13, 2015, to be written to GTB Plc and other defendants, informing them of the pendency of a court action in suit number LD/953/2012, between Kanali Investments and others vs. GTB Asset Management Limited and others, with a demand to forthwith refrain from paying any dividends out of the shares of the Testator with GTB Plc, both in her fathers name and in the names of his proxy companies pending the determination of the court action and to prepare to render account to a court appointed Receiver/Administrator of all dividends declared and paid since the grant of probate on February 16, 2016, in favour of Testator in his personal capacity and in favour of the Proxy companies in whose names, the Testator held his GTB Plc shares. The platform is aimed at producing, curating and disseminating quality, timely and true contents that stretches the knowledge and intelligence of our visitors, and at the same satisfy their curiosity with balanced, fair and objective news stories and analyses. Abeokuta/London Politicians joined corporate Nigeria on Wednesday to mourn the demise of Tayo Aderinokun, the man who co-founded Guaranty Trust Bank (GTB) in 1990 and was its Managing Director (MD) for nine years untill his death in London on Tuesday at the age of 56. [12] Ire also runs a blog called bitsofcode, where she breaks down coding tips to other developers. In 1988, Tayo moved to Prime Merchant . See Tayo Aderinokun's compensation, career history, education, & memberships. GTBank in the name of his corporate vehicles used as the proxies. Subscribe to get the latest news, offers and special announcements. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. His net worth has been growing significantly in 2021-2022. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. The plaintiff stated further that other shareholders/directors of the proxy companies were her late fathers appointees for the purpose of compliance with the legal entities of Corporate personality principles, adding that not only were the shareholders/directors of the Proxy companies so aware, but the defendants were also aware and had accepted to treat the proxy companies as being merely corporate vehicles for the acquisition of her late fathers assets. One time vice presidential aspirant, he has worked on various development projects within and outside Nigeria and has served as an officer of the Federal Republic (OFR) in his capacity on the Blair Commission for Africa in 2002 as well as on the Board as Main Street Technologies Limited delegate. By submitting above, you agree to our privacy policy. Get the latest in African news delivered straight to your inbox. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. He also served as a board member with Tafsan Breweries and is a member of the Governing Council of Lagos State University. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. He proceeded to obtain a bachelor's degree in Business Administration from the University of Lagos, and much later, an MBA in International Business from the Graduate School of Management, University of California, Los Angeles in 1981. As a young banker,he . Salamotu Aderinokun's philathropy The Nation June 3, 2018 IT is no longer news that the deceased Managing Director of GT Bank, Tayo Aderinokun, was married to two womenOlufunlola and. Net Worth in 2022. 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Various allegations and counter allegations darted among them, one of which was the collection of dividends of about 600 million naira from GTBank by the companies and diverting it to things not approved by the legal representatives of the late Mr. Aderinokun. While his mother would send Fola and his siblings hawking to augment the family income. One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 500 news and information items daily from over 100 African news organizations and our own reporters to an African and global public. In response to the suit, the sixth defendant, Babatunwa Aderinokun, while urging the court to dismiss the plaintiffs suit with substantial cost, denied the averment deposed to by the plaintiff. Our site uses cookies. Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. She also averred that during the lifetime of her the children of late Olutayo Aderinokun were fully aware of the deceased assets Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. Olutayo Aderinokun (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. His father was a technician who worked for the Nigerian Railway Corporation. that the recognition of the proxies by the defendants, as being beneficially Please look out for your names if you sent in Questions :-) . He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Haha Baka may alam kayo san pwede makabili nitong ointment na ito. Tayo Aderinokun died on the 14th of June, 2011. He is from Nigeria. Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 various companies, as his assets are intertwined with the corporate assets of He received many awards for his outstanding leadership, including many others for GTB. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. The Governing Council of Lagos State University validly convened by the companies Deceased at Guaranty Trust Bank, has! Founder of Coscharis Motors sued through her mother, was represented by Osaro Eghobamien SAN. Special announcements a subscription, Ifeoma Fafunwas Hear Word was a technician who worked for the Nigerian Railway.... 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