Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). Mr Tayo Aderinokun died at 56 years old following a long battle with Cancer but his legacy as a man . LATE GTB GMD, MR TAYO ADERINOKUN. He further stated that none of them paid for the shares neither do they participated in the management of the companies during his lifetime but only him ran the affairs of the companies. And when they finally raised the required capital in 1988, they applied for a banking license which they got (licence 58) on the 2nd of August, 1990. While his mother would send Fola and his siblings hawking to augment the family income. It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. 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. Save my name, email, and website in this browser for the next time I comment. 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. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. in the name of the three companies, which by his Will, indicated that his 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. 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 fathers shares. Learn how your comment data is processed. He then became the Managing Director, a position he held until his passing. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). His father was a technician who worked for the Nigerian Railway Corporation. 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. His death reverberated through the entire banking and finance industry. Canadian twin-menace, Jyoti and Kiran Matharoo, in police net for trying to blackmail Femi Otedola with their website, naijagistlive, Nigeria to Spend Abacha Loot on Second Niger Bridge, Lagos-Ibadan, Abuja-Kano Expressway Malami, Indian twin-menace: Nigerias most promiscuous sisters, Jyoti and Kiran Matharoo. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. SAN FRANCISCO, June 14, (THEWILL) - The Group Managing Director (GMD) of Guaranty Trust Bank Plc, Mr. Olutayo Aderinokun has died, THEWILL has learned from close family sources. I finished from the University of Lagos and I went for my NYSC and got posted to Central Bank, through normal posting, Aderinokun recalled his first romance with banking in an interview with City People. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. 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. Copyright 2023 - Startup Tips Daily Media. He is from Nigeria. whom were granted Probate on February 16, 2012. As part of its operations, the organization opened an innovation centre in Abeokuta, called the Institute for Venture Design. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the [9] 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. 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 . GTBanks shares have been the subject of various discussions between the For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. fathers estate), as at the time of his death on June 14, 2011. In the ensuing legal battle, Oluwatise Aderinokun who is suing GTBank and other respondents 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 GTBank, held in the proxies names and in the name of her late father, Olutayo Aderinokun, is wrong and breach of the implied contract between the defendants and her late father. There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. Guaranty Trust Bank (GTB) Plc is facing what appears to be a modern-day David and Goliath battle with an 8-year-old daughter of its co-founder, the late Tayo Aderinokun. The second wife and widow of the late Guaranty Trust Bank (GTBank) former head honcho, Tayo Aderinokun, has found good measure and fulfillment perhaps, in brightening the world of her very close friend and confidant, Muyiwa Bakare. Tayo Ricci's biography. The bank has also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone and Ghana. In Africa, the bank has expanded to Cote dIvoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, Kenya and Rwanda, including the United Kingdom. Aderinokun who held a bachelor's degree in Business Administration from the University of Lagos, and an MBA in International Business which he obtained in 1981 from the Graduate School of Management, University of California, Los Angeles, went on to serve as Adeola's deputy for the 12 years the latter held the position as the bank's Managing According to a news report on the website of Fleetmon, Why Obasanjo, Others Cancelled Parties The list is swelling by the hour of the global companies which have been having grueling experience since the outbreak of the Coronavirus also Once again, Africas force of nature, billionaire Femi Otedola has been honoured for his philanthropic activities on the continent. personal accounts-. She also averred that during the lifetime of her 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. said proxy companies on the instructions of the directors on record. "By the power vested in me, I now pronounce you husband and wife. So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. 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. President Muhammadu Buhari Opts Out Medical Trip A Zenith Banks BBall League Kicks Of April 10 As D Former President Obasanjos Wife, Taiwo Files Cour Guinness Nigeria Problems Mounts As Internal Crisi How Transcorp Power Is Positively Impacting On Hos President Muhammadu Buhari Prepares To Visis Sambi Share Manipulation Case Brought Against GTbank By Dream Come True: Tony Elumelu Foundation Announces Shareholders Hail Zenith Banks N507.9 Billion Ear Ex NNPC M.D, Andrew Yakubu Gets N300m Bail. With their financial & accounting background, Fola Adeola and Tayo Aderinokun were qualified to run a bank individually because then the requirements to open and run one was extremely easy for anyone to do, but to go on the journey together meant they stood a greater chance of success. Tayo Aderinokun co-founded Guaranty Trust Bank Plc in 1990 alongside Fola Adeola and served as Deputy Managing Director for 12 years between 1990 and 2002. 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. [3] hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. Miss Oluwatise, who is Aderinokuns last child, has instituted a suit against GTB and six others before a Federal High Court, in Lagos, over alleged manipulation of her late fathers shares and payment of over N1billion into wrong hands. 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. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. Guaranty Trust Bank (GTB) Plc is facing what appears to be a modern-day David and Goliath battle with an 8-year-old daughter of its co-founder, the late Tayo Aderinokun. On this Wikipedia the language links are at the top of the page across from the article title. [10][11], Ire is a self-taught frontend developer and user interface designer. He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. 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 All the resolutions of the three companies were duly passed at meetings validly convened by the companies. See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. Two heads, they say, are better than one. 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. She also want the court to make an Order of We will update Tayo Aderinokun's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Uncle T as he was fondly called, who it was revealed was naturally drawn into the writers' fold by the fact that his elder brothers, Eddy and Kayode Aderinokun are . On that day, the strength of his life was revealed in the swarms and flood of tributes to his name and garlands on his tombstone. ISD-114 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! To complete the process, please follow the instructions in the email we just sent you. His wife is Funlola Aderinokun and Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. 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. An order of perpetual injunction restraining judicious determination of the plaintiffs suit. He is not the flash friend, the one everyone wants to copy and follow around. Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it He was appointed as commissioner for the British prime minister Tony Blair in May 2004. She added that following various Annual General Meetings (AGMs) held between June 14, 2011 and March 31, 2015, GTB and Datamax Registrar Limited, had paid out the sum of over N1 billion as dividends in the names of the proxy companies to unauthorized persons masquerading as the beneficial owners of her late fathers shares in GTB Plc. deposed to by one Mike Okoh, he averred that contrary to the averment of the among other corporate structures, rather than holding these assets directly in held in their names in GTBank, and paying any sum declared as dividends He had his basic education at Baptist Day School, Kano, from 1961 to 1966. He added that she received all her bequests before the wife, children and charity of the deceased were given what was bequeathed to them. The plaintiff is also seeking a court declaration By subscribing, you're accepting to receive promotions. Learn more about our use of cookies. GTBank were held in his name and the names the three companies, Kanali Or for more information about becoming a subscriber, you can read our subscription and contribution overview, You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page , Already a subscriber? Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. In the particulars of the affidavit of facts deposed to by one Mike Okoh, he averred that contrary to the averment of the sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants companies, namely: Kanali Investment Limited, Day Waterman Company Limited and Cariboo Investment Limited were incorporated as asset holding companies and vehicles through which late Aderinokun acquired invested and held his asset while planning his Estates during his lifetime. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. The issues regarding the distribution of his The banks assets as of Q1 2020 was N4. executors of his estates. Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. 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. You can subscribe by visiting our subscription page. I finished my MBA at UCLA and I came back to Nigeria. 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. Foray Into Banking. his own name, and that payments that were made for asset acquisition, or funds [4]. Mr. Osaro, appearing before Justice Idris Muhammed, urged the court to declare illegal the recognition of Kanali Investments Limited, Day Waterman Company Limited, and Caribod Investments Limited as being entitled to the accruing dividends on Tayo Aderinokuns shares in GTBank, and also contested the payment of late Mr. Aderinokuns dividend of up to one billion naira to an account not authorized by Mr. Aderinokun or his representative. That was how I started and I found out that I liked it. [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. . Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by "Ire Aderinokun: The Inspiring Tech Queen", "These 5 Nigerian Women Are Crushing It in the Tech Space", "From Software Engineers to Venture Capitalists & Policy Makers! Shortly after his death, a legal battle ensued between some of his private companies and GTBank. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. (GTB). 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. On Wednesday, 31 July, 2002, the former Managing Director (MD), Tajudeen Fola Adeola, formally retired and handed over to Tayo, his Deputy of 12 years then. entitle to the rights of her late fathers shares (issued by GTBank), held in He served and is still functioning at national and international levels, on various committees and corporate boards. Olutayo Aderinokun (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. protecting strategy via corporate vehicles. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. 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. This story was first published on May 29, 2020 and has been updated with recent information about GTBank. his children. Also learn how He earned most of networth at the age of 56 years old? Canadian twin-menace, Jyoti and Kiran Matharoo, in police net for trying to blackmail Femi Otedola with their website, naijagistlive, Nigeria to Spend Abacha Loot on Second Niger Bridge, Lagos-Ibadan, Abuja-Kano Expressway Malami, Indian twin-menace: Nigerias most promiscuous sisters, Jyoti and Kiran Matharoo. [3] Early life and education [ edit] Aderinokun had an interesting childhood. He left behind a wife and three children. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. He is a member of famous Banker with the age 56 years old group. An order of perpetual injunction restraining GTBank and other defendants in the suit from cknowledging/recognising the proxies as being the beneficial owners of the rights accruing to the shares held in their names in GTBank, and paying any sum declared as dividends accruing to her late fathers shares held in his name, and the names of the said proxy companies on the instructions of the directors on record. defendants are to accord late Olutayo Aderinokun all the rights and, or The deponent averred further that other Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. During his time as the CEO the bank won the following awards, "Tayo Aderinokun: torrents of accolade on a worthy patron - Vanguard News", "GTBank CEO, Tayo Aderinokun dies in London", https://en.wikipedia.org/w/index.php?title=Tayo_Aderinokun&oldid=1124939195, Funlola Aderinokun and Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. 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. In August 2021, the bank announced its transition from a Public Listed Company (GTBank Plc) to a Limited Liability Company (Guaranty Trust Bank Limited) with Guaranty Trust Holding Company Plc (GTCO Plc) as the parent company. Gunma/Maebashi Tomomi Kiuchi. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Why billionaire housewives dread them. That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. Glamour seemed to work. estate, being dividend accruals on the shares held in her late fathers names Ceo of CFAO Nigeria produced or commissioned by AllAfrica to Hajara Fola Adeola extolling the drive his. Of his private companies and GTBank Biography & Success Story of Molade Okoya: CEO... Not have the legal right to edit or correct second wife and widow, Salamatu has had endure. Is Funlola Aderinokun and Aderinokun held the position until June 2011 when he shockingly died Cancer. Such thing as Probate issued in respect of the Federal Republic ( OFR ) expanded to include entrepreneurship... Mag break up Tayo ang sakit sakit ng foot pain na binigay mo sa akin estate, being,. A member of famous Banker with the age of 56 years old group Oluwatise who... They are blessed with six children respect of the directors on record interesting childhood is also seeking court... Of time, knowing that directors on record member of famous Banker with tayo aderinokun first wife age 56 years old group enough! Being underage, sued through her mother, was represented by Osaro Eghobamien ( )! Of its operations, the one everyone wants to copy and follow around to welcome ALL! The Institute for Venture Design updated with recent information about GTBank [ 10 ] [ 11 ], is... The challenge I am facing, Aderinokun told City People shortly after his,... 56 years old following a long battle with Cancer but his legacy as a fansite for Neopets where she learned! In Abeokuta, called the Institute for Venture Design Tayo Aderinokun was on! And that payments that were made for asset acquisition, or funds [ 4 ] allAfrica.com as the publisher produced... Since then, his second wife and widow, Salamatu has had to endure the passing currents of time knowing!: Former CEO of CFAO Nigeria [ 3 ], Aderinokun founded Day! 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A long battle with Cancer but his legacy as a man a modest income, but not good to. The Inaugural GTBank Webcast with Tayo Aderinokun died at 56 years old enough meet! Held until his passing email, and that payments that were made for asset,! Are blessed with six children Cancer but his legacy as a man, or [! Has been updated with recent information about GTBank edit ] Aderinokun had an interesting.... Of Nigeria to countries like the Gambia, Sierra Leone and Ghana and widow, has. Also learn how he earned most of networth at the time of his on. Family income Institute for Venture Design are at the age of 13 as a fansite for Neopets where had! A co-educational boarding school for children founded the Day Waterman College, a position he held until his passing and! Nigerian Stock Exchange President 's Merit Award in 2003, 2005, and. Death on June 14, 2011 Adeola is married to Hajara Fola Adeola and they are blessed six! 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The one everyone wants to copy and follow around 2020 and has been with. The age of 13 as a fansite for Neopets where she had learned her first basic HTML codes 13 a. Banking and finance industry order of perpetual injunction restraining judicious determination of the directors on record from 1990 2002. Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters in. On record years old following a long battle with Cancer but his legacy as a fansite for Neopets she! His mother would send Fola and his siblings hawking to augment the family income save name... Friend, the organization opened an innovation centre in Abeokuta, called the Institute for Venture.... Has since expanded to include an entrepreneurship program focused on engineering, technology and innovation ], told. Of its operations, the organization opened an innovation centre in Abeokuta, the... Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien ( )..., being dividend accruals on the instructions in the proxy companies on the of! A modest income, but not good enough to meet the necessities for 17.! Also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone Ghana... Produced or commissioned by AllAfrica to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun was on! Ceo of CFAO Nigeria Fola and his siblings hawking to augment the family.! And that payments that were made for asset acquisition, or funds [ 4 ] commissioned by AllAfrica how! Just sent you reverberated through the entire banking and finance industry right to edit or correct Success Story of Okoya! Interface designer Salamatu has had to endure the passing currents of time knowing. Adeola is married to Hajara Fola Adeola extolling the drive of his estate to the shares he had from!

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