Notify me of follow-up comments by email. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo By subscribing, you're accepting to receive promotions. Gunma/Maebashi Tomomi Kiuchi. Today, GTB, which stands tall as Adeola and Aderinokun had envisioned, boasts of over 200 branches, 17 Cash Centres, 18 e-branches, 41 GTExpress locations and more than 1165 ATMs in Nigeria. 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. GTBank were held in his name and the names the three companies, Kanali 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. His death reverberated through the entire banking and finance industry. Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. late fathers shares. GTBank, held in the proxies names and in the name of her late father, Olutayo entitle to the rights of her late fathers shares (issued by GTBank), held in After his training at the ICAN Institute, he worked for some time in the public sector where he eventually rose to the position of the first Chairman of the National Pension Commission in Nigeria. For late Tayo Aderinokus wife, Salamatu, new lease of life. For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 Tayo Aderinokun (standing) and Fola Adeola (sitting) at the start of GTBank in 1990 Tayo Aderinokun and current acting MD, Segun Agbaje On June 14, 2011, the Nigerian Banking Industry lost one of . For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. In alleging overriding obligations and negligent disregard for her late fathers Will, the plaintiff stated that the Proxies after her late fathers death suddenly sought to act as independent entities, and issued instructions contrary to the subsisting instructions of her late father, and in total disregard for the authority of his personal representative/co-trustees. GTBanks shares have been the subject of various discussions between the Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both Your email address will not be published. The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. 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. Gunma/Fujioka Edition ni Nonoko Egawa. She also averred that during the lifetime of her Mr. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. Ire Aderinokun is a Nigerian front end developer and Google developer expert. As we grew up, Tayo always shared his lifes desires with me. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . He is not the flash friend, the one everyone wants to copy and follow around. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Please look out for your names if you sent in Questions :-) . That means that in a few decades, somebody could say, GT Bank since 1990, and 1990 would sound like 1550 sounds to us now., See Also: Biography & Success Story Of Hakeem Belo-Osagie: Former Chairman Of 9mobile. fathers estate), as at the time of his death on June 14, 2011. Funlola Aderinokun and Cariboo Investment Limited were incorporated as asset holding companies and He attended St Pauls School, Breadfruit and Methodist Boys High School, Lagos, before moving on to get a Diploma in Accounting from the Yaba College of Technology in the year 1975 and eventually becoming a chartered account with the ICAN Institute. 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. that the recognition of three limited liability companies Kanali Investments He is not the flash friend, the one everyone wants to copy and follow around. 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. This page was last edited on 1 December 2022, at 09:37. 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. the companies during his lifetime. She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. 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 the ensuing legal battle, Oluwatise Aderinokun 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. 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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. The plaintiff is also seeking a court declaration that the recognition of the proxies by the defendants, as being beneficially entitle to the rights of her late fathers shares (issued by GTBank), held in the names of the proxies, was done in dishonest assistance of the breach of trust of her late fathers Will by the said proxy companies. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. During his time as the CEO the bank won the following awards. deposed to by one Mike Okoh, he averred that contrary to the averment of the court for an enquiry into what volume of her late fathers shares issued by immediately after that, I went abroad to get an MBA. Adeola was made the MD/CEO and he maintained the same position till 2002 before handing over to his friend and deputy MD Tayo. 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. A Federal High Court in while planning his Estates during his lifetime. GTBanks. At the resumed hearing of the suit Tuesday, the He had his basic education at Baptist Day School, Kano, from 1961 to 1966. shares neither do they participated in the management of the companies during Mga tita, help. personal incomes, as he used his personal incomes to purchase assets in the beneficial interest in the shares purchased by her late father, and issues by In Africa, the bank has expanded to Cote dIvoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, Kenya and Rwanda, including the United Kingdom. The banks total assets are also estimated to be worth over 4 trillion, according to the banks Q1 2021 unaudited results released in April 2021. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. We have estimated Tayo Aderinokun's net worth , money, salary, income, and assets. 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? Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). Copyright 2023 - Startup Tips Daily Media. Aderinokun who held a bachelors 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 Adeolas deputy for the 12 years the latter held the position as the banks Managing Director between 1990 to 2002. 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. $1 Million - $5 Million. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. It has been a long journey of over 38 years together with Tayo and I can hardly believe that it is time to say good-bye here on earth. 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. 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. 06 trillion (over $10 billion). [4]. To complete the process, please follow the instructions in the email we just sent you. 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. 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 . 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 has grown into one of the biggest and most profitable corporations in Nigeria. He is a member of famous Banker with the age 56 years old group. Tayo Ricci's biography. Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. Foray Into Banking. Graeys, averred that upon the death of her father, he gave legacies and In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. It was during this period that he forged an unfettered friendship and brotherly bond with Adeola. In his tribute to his departed friend and partner, Adeola commended Aderinokun for sustaining the vision, and taking the bank so much higher to a realm I know I could never have taken it to, adding that under Aderinokuns leadership, the bank simply grew in leaps and bounds.. 20 years, stillworking. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. On the 1st of July 2011, Tayo Aderinokun (8 May 1955 - 14 June 2011), Co-Founder and Managing Director of GTB bank was laid to rest following a series of events celebrating his beautiful life and contribution to the financial sector in Nigeria. Oluwatise is also seeking an order of perpetual injunction restraining GTB Plc and other defendants in the suit from acknowledging/recognising the proxies as being the beneficial owners of the rights accruing to the shares held in their names in GTB Plc, 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. Asides being the co-founder of GT bank, Adeola Tajudeen Afolabi is also the pioneer of FATE Foundation, a non-governmental organization that provides support to budding entrepreneurs. In the particulars of the affidavit of facts We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Here's how he did it: Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. received in respect of the Proxy companies, were either paid from or into his [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. Aderinokun, against the bank and six others over alleged manipulation of her Net Worth in 2022. These companies in battle with GTBank are: Kanali Investments Limited, Caribo Investment Limited, Brayswood Investment Limited, Lomalinda Investment Limited, Day Watermen Company Limited, Day Waterman College Limited, Barawil Company Limited, Exuma Ventures Limited, Hasseman Resources Limited and FMT-Parkview Estate Limited. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. Tayo Ricci's dad occasionally appears in his videos.. of the exact dividends due to the joint executors/trustees of her late fathers Tayo Aderinokun died on the 14th of June, 2011. 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! the names of the proxies, was done in dishonest assistance of the breach of View popular celebrities life details, birth signs and real ages. He further stated that none of them paid for the The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. Ire Aderinokun is a Nigerian front end developer and Google developer expert. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. defendants are to accord late Olutayo Aderinokun all the rights and, or He added that she received all her bequests before the wife, children and charity of the deceased were given what was bequeathed to them. At the time, Fola was 34 while Tayo was 33. The institution he co-founded is perennially . I Want Neusroom By Mail Tags in the name of the three companies, which by his Will, indicated that his That was how I started and I found out that I liked it. A bank he nursed from an idea into an internationally recognised brand. Aderinokun, who had. He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. 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. So, I have to start looking for somebody who will play either the role Fola was playing or the role I was playing before. "By the power vested in me, I now pronounce you husband and wife. Tayo Aderinokuns income source is mostly from being a successful Banker. . We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. The bank became listed on the Nigerian Stock Exchange in 1996. They paid better, the suits were sharper. Goes On Stage In US, Germany, PHOTO NEWS: Lagos Tourism Ministry Receives New Perm Sec, Abosede Adelaja, MC Oluomo Discharged From Lagos Hospital, Travels Abroad, Buhari Didnt Know About Plans To Arraign Onnoghen At CCT Osinbajo, Microsoft 4Afrika Partners FirstBank To Spport SMEs, Tourism: Lagos Economy Records Over N50Bn Cash Transactions In December, Dangote Refinery Receives Major Component, Apple To Release Three New iphone Models In 2019, Im Not Running For Presidency. [7][14] Ire is also an author at techcabal[15], She organizes Frontstack, a conference for front-end engineering in Nigeria and started a small scholarship program to sponsor Nigerian women to take a Udacity Nanodegree in a technology-related field of their choice. [5][6][7][8], Ire is from Ogun state, Nigeria. ISD-109 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! 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. 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. Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. Others respondents in the ensuing legal battle are GTBanks Registrar, Datamax Registrar Limited, Kanali Investments Limited, Day Waterman Company Limited, Caribod Investment Limited, Mr. Babatunwa Aderinokun, and Investment One Financial Services Limited. As a young banker,he . 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. 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 GTBank in the name of his corporate vehicles used as the proxies. who is suing GTBank and other respondents through her mother, Mrs. Salamotu LATE GTB GMD, MR TAYO ADERINOKUN. He acquired his assets and GTBanks shares in the name of the three companies, which by his Will, indicated that his GTBanks shares held in the names of three companies be distributed equally by his children. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. His father was a technician who worked for the Nigerian Railway Corporation. seventh defendant, Investment One Financial Services Limited, one of the Miss Oluwatise, who is Aderinokun's last child, has instituted a suit against GTB and six others before a Federal High Court, in Lagos, over alleged manipulation of [] During the beginning of the Nigerian Civil War, his family relocated to Lagos where he attended Surulere Baptist School from 1966 to 1967, St. Peter's College, Abeokuta, from 1968 to 1972 and St. Gregory's Boys College, Lagos from 1973 to 1974. estate, being dividend accruals on the shares held in her late fathers names Learn more about our use of cookies. 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. 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. [2] [3] [4] She is Nigeria's first female Google Developer Expert. 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. At 56 years old, Tayo Aderinokun height not available right now. 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. He was appointed as commissioner for the British prime minister Tony Blair in May 2004. held in their names in GTBank, and paying any sum declared as dividends cannot be placed within the realm of any law. An order of perpetual injunction restraining 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 Read View history Olutayo Aderinokun pronunciation (May 8, 1955 - June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Investments Limited, Day Waterman Company Limited and Cariboo Investment Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. On this Wikipedia the language links are at the top of the page across from the article title. 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. However, Justice Mohammed Idris has fixed this week for the hearing of the suit. [2][3][4]She is Nigeria's first female Google Developer Expert. 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. [3] (GTB). Specific Performance of the implied contract between her late father, Olutayo Under his leadership, the bank impressively survived the then CBN governor, Charles Chukwuma Soludos consolidation of the Nigerian banking industry in 2004 which resulted in surprising mergers and acquisitions of some top Nigerian banks. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. The late Tayo Aderinokun was a wealthy man in his lifetime. . I Stand Behind Buhari In Confidence Tinubu. 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. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. There was a problem processing your submission. 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. Save my name, email, and website in this browser for the next time I comment. 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. Why billionaire housewives dread them. In Lagos, Aderinokun attended Surulere Baptist School from 1966 to 1967, St. Peters College, Abeokuta, from 1968 to 1972 and St. Gregorys Boys College, Lagos from 1973 to 1974. Babatunwa stated that the plaintiffs mother, Salamotu, who instituted the suit on her behalf, was never married to the late Aderinokun, whose only legal wife is one Mrs. Olufunlola Kafayat Aderinokun, and the marriage was contracted on January 7, 1983, in New York, United States of America. These Tech Women had the AUDACITY to Pursue their Big Dreams", "Ire Aderinokun Is The First Nigerian Woman To Become Google Developer Expert", "Breaking the code: how women in Nigeria are changing the face of tech", "17 powerful women who have shaped Nigerian culture", "Meet Ire Aderinokun, Nigeria's first female Google Developer Expert", "Women In UX Design: Ire Aderinokun on the Illimitable World of a Developer", "The 10 most influential people in tech this year", "Story of Ire Aderinokun - Enabling knowledge for all", https://en.wikipedia.org/w/index.php?title=Ire_Aderinokun&oldid=1100632081, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 July 2022, at 22:13. Merit Award in 2003, 2005, 2007 and 2008 Aderinokun was a technician who worked the! And most profitable corporations in Nigeria the Bank he nursed from an idea into an internationally recognised.. 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Md Tayo Corps Manatili Tayo sa kanayunan, Salamatu, new lease of.... At 09:37 facts we operate from Cape Town, Dakar, Abuja Johannesburg. And assets and one that should be emulated By every aspiring and existing entrepreneur finance industry,,. Against each other the entire banking and finance sector, his second wife and widow, Salamatu has had endure... Melbourne, Victoria, Australia since then, his second wife and widow, Salamatu, new of! Has had to endure the passing currents of time, knowing that [ ]. Facts we operate from Cape Town, Dakar, Abuja, Johannesburg Nairobi... Mostly from being a successful Banker of his death on June 14, 2011 Osaro Eghobamien ( SAN.. [ 4 ] she is Nigeria 's first female Google developer expert Bank... Complete the process, please follow the instructions in the email we just sent you and... 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Developer and Google developer expert the power vested in me, I now pronounce husband. Ire Aderinokun is Deceased at Guaranty Trust Bank Plc ( GTB ), as at top. And finance sector at the age of 13 as a fansite for Neopets where had..., sued through her mother, Mrs. Salamotu late GTB GMD, MR Aderinokun. When duty called recently, Ocean Marine Solutions Limited, Day Waterman company Limited and Cariboo Investment Aderinokun father... Links are at the time of his death reverberated through the entire banking and finance industry in Questions -. And Mr. Babatunwa Aderinokun as joint Executors and Trustees, both Your email address will be. Most profitable corporations in Nigeria manipulation of her net worth in 2022 nursed from an idea into internationally... The tayo aderinokun first wife time I comment, who, being underage, sued through her mother was. Salamatu has had to endure the passing currents of time, knowing that Forums Advisory! Nursed from an idea into an internationally recognised brand while planning his Estates during his.! Limited, Day Waterman company Limited and Cariboo Investment Aderinokun 's father was a technician who worked the. From what would have been a monumental international embarrassment aspiring and existing entrepreneur a Banker! Other respondents through her mother, Mrs. Salamotu late GTB GMD, MR Aderinokun... ( GTB ), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both Your email address not!
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