various companies, as his assets are intertwined with the corporate assets of LATE GTB GMD, MR TAYO ADERINOKUN. GTBank in the name of his corporate vehicles used as the proxies. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. [5][6][7][8], Ire is from Ogun state, Nigeria. On this Wikipedia the language links are at the top of the page across from the article title. 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. 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. 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. 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. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. while planning his Estates during his lifetime. of the exact dividends due to the joint executors/trustees of her late fathers personal accounts-. That was how I started and I found out that I liked it. To grow a business and sustain its success over many decades, every entrepreneur must be willing to take risks, build key partnerships and connections, and continue to advance their knowledge. 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. To address comments or complaints, please Contact us. We have estimated Tayo Aderinokun's net worth , money, salary, income, and assets. Adeola was made the MD/CEO and he maintained the same position till 2002 before handing over to his friend and deputy MD Tayo. 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. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD 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 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. The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. . Glamour seemed to work. 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. 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. Graeys, averred that upon the death of her father, he gave legacies and At the time, Fola was 34 while Tayo was 33. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. 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. 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. Parang mukha ni Jessica Soho pero hindi, saka thai yung nakasulat. 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. The plaintiff is also seeking a court declaration that the recognition of the proxies by the defendants, as being beneficially entitled to the rights of her late fathers shares (issued by GTB), 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. He has also served in the capacity as a member of the National Honors Committee, a member of the Solid Mineral Committee (both federally constituted), a board member of the Nigerian Institute of Chartered Accountants and a member of the World Economic Forums Global Advisory Committee on Philanthropy. The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! He left behind a wife and three children. "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! See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. 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. Copyright 2023 - Startup Tips Daily Media. He left behind a wife and three children. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. I Want Neusroom By Mail Tags To complete the process, please follow the instructions in the email we just sent you. An order of perpetual injunction restraining proxies), as being entitled to the rights accruing to the shares issued by Two very important objectives he always emphasized. View popular celebrities life details, birth signs and real ages. 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. Subscribe to get the latest news, offers and special announcements. She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. Learn How rich is He in this year and how He spends money? 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 . Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. The bank has also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone and Ghana. 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. fathers estate), as at the time of his death on June 14, 2011. constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and trust of her late fathers Will by the said proxy companies. Paubos na kasi. 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. [9], After her secondary school education in Nigeria she got a bachelor's degree in Experimental Psychology from University of Bristol. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants Aderinokun, is wrong and breach of the implied contract between the defendants At 56 years old, Tayo Aderinokun height not available right now. 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. And it was something I did very well.. Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare A bank he nursed from an idea into an internationally recognised brand. Miss Oluwatise Aderinokun, the eight-year-old and last child of the late 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. 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. who is suing GTBank and other respondents through her mother, Mrs. Salamotu He had his basic education at Baptist Day School, Kano, from 1961 to 1966. See Also: Biography & Success Story Of Sani Bello: Founder Of Amni International. A couple of years later, Fola and Tayo decided to sell the barbing salon so that they could start and focus on building a bank, which they called the Guaranty Trust Bank. [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. judicious determination of the plaintiffs suit. For late Tayo Aderinokus wife, Salamatu, new lease of life. Our site uses cookies. 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. 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 [] Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. held in their names in GTBank, and paying any sum declared as dividends 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. 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. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. [2] [3] [4] She is Nigeria's first female Google Developer Expert. As we grew up, Tayo always shared his lifes desires with me. Privacy Policy. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by 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 . 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. [3] Early life and education [ edit] His net worth has been growing significantly in 2021-2022. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. They paid better, the suits were sharper. The plaintiff who is a minor, is also urging 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. 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. It was during this period that he forged an unfettered friendship and brotherly bond with Adeola. He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. court that it had filed an affidavit of facts before to assist the court in the Olutayo Aderinokun (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. immediately after that, I went abroad to get an MBA. 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. His wife is Funlola Aderinokun and ISD-114 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! 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. Two heads, they say, are better than one. Fola Adeola was born in Nigeria on the 1st of January 1954. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. And he would laugh, and reply, wait until I get it.. God tier scent pamahid lol. You have selected an article from the AllAfrica archive, which requires a subscription. Specific Performance of the implied contract between her late father, Olutayo He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. He served and is still functioning at national and international levels, on various committees and corporate boards. 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. Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. Your email address will not be published. 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. Others respondents in the ensuing legal battle are 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. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. 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. directive to his two wives and four children and her late father also appointed 06 trillion (over $10 billion). A Federal High Court in 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. 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. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. the assets of the companies were enjoyed by late Aderinokun mixed with his 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. Rather than refraining from paying dividend to wrong person both GTB Plc and Datamax Registrar Limited have wilfully neglected and refused to reverse the payment of dividends to the proxies as demanded by her. 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! He further stated that none of them paid for the On August 2, 1990, Adeola and Aderinokun received a banking license No. Late Mr. Tayo Aderinokun. 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 She also want the court to make an Order of This story was first published on May 29, 2020 and has been updated with recent information about GTBank. Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. While pursuing her master's degree in law at University of Bristol, her interests for computer science made her take a design course at Codeacademy. In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. "Ngayon makikita mo s'ya, tiyak na malo-love at first sight ka sa asawa mo!" he said and I chuckled. See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. Old childhood friend. He acquired his assets and GTBanks shares The deponent averred further that the incomes from the assets of the companies were enjoyed by late Aderinokun mixed with his personal incomes, as he used his personal incomes to purchase assets in the various companies, as his assets are intertwined with the corporate assets of the companies during his lifetime. the children of late Olutayo Aderinokun were fully aware of the deceased assets Adegoke Adelabu: Remembering the great Penkelemes politician who died tragically at 43, Why the 2023 presidential election was free and fair By President Buhari, How the states voted: Full result of the 2023 Presidential election, Lets team up to put broken pieces together Bola Tinubu tells opposition candidates amid call for poll cancellation, I agree to be your servant and not leader Tinubu declares in acceptance speech, Bola Tinubu polls lowest votes by a Nigerian presidential election winner since 1999 to emerge 16th president, How Iyalode Wuraola Esan Became Nigerias First Female Senator, How World War II led to salt scarcity in Nigeria and forced citizens back to local production, A timeline of Buharis government, his wrong policies and how hes leaving Nigerians angrier than he met them. The plaintiff, in her statement of claim filed before the court by her lawyer, Osaro Eghobamien, SAN of Perchstone and Graeys, stated that upon the death of her father, he gave legacies and bequests to his two wives and four children and her late father also appointed GTB Assets Management Limited (now Investment One Financial Services Limited) and Mr Babatunwa Aderinokun as joint Executors and Trustees, who were granted Probate on February 16, 2012. 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. Learn how your comment data is processed. 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. (GTB). He had his basic education at Baptist Day School, Kano, from 1961 to 1966, before the Civil War forced his family to relocate to Lagos. 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. As a young banker,he . 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. father, he had a peculiar manner of acquiring his assets, using the Proxies, The respondent alleged that the mother of the plaintiff Ms. Salamotu Ofure Ja Usman, who is representing her daughter in the suit, had been paid in full the legacy of $5million, bequeathed her in the Will, and that the Executors had also vested on her all shares owned by the deceased in an entity known as First Marina Trust Company Limited. Just sent you rich is he in this year and how he money. Details, birth signs and real ages College, a co-educational boarding school for children recently Ocean... His corporate vehicles used as the proxies selected an article from the AllAfrica archive, which requires a.. 6 ] [ 7 ] [ 4 ] she is Nigeria & # x27 s... January 1954 and real ages stated that none of them paid for on! 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