Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. [9], After her secondary school education in Nigeria she got a bachelor's degree in Experimental Psychology from University of Bristol. Limited, Day Waterman Company Limited and Cariboo Investment Limited (the His death reverberated through the entire banking and finance industry. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. 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. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. He left behind a wife and three children. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. His net worth has been growing significantly in 2021-2022. . She also want the court to make an Order of 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. The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! Old childhood friend. that the recognition of the proxies by the defendants, as being beneficially Oluwatise, through her lawyer, is also asking questions about her fathers investment in GTBank, Datamax Registrars, Kanali Investments Limited, Day Waterman Company Limited, Caribod Investments Limited , Investment One Financial Services and the involvement of her uncle Mr. Babatunde Aderinokun in the management of her fathers estate. 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. Your email address will not be published. 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. 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. 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. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. On August 2, 1990, Adeola and Aderinokun received a banking license No. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. [10][11], Ire is a self-taught frontend developer and user interface designer. while planning his Estates during his lifetime. 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. This page was last edited on 1 December 2022, at 09:37. court for an enquiry into what volume of her late fathers shares issued by 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. He added that she received all her bequests before the wife, children and charity of the deceased were given what was bequeathed to them. his children. The bank became listed on the Nigerian Stock Exchange in 1996. He received many awards for his outstanding leadership, including many others for GTB. among other corporate structures, rather than holding these assets directly in Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). 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. 20 years, stillworking. 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 We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. received in respect of the Proxy companies, were either paid from or into his 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. Your email address will not be published. His wife is Funlola Aderinokun and Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo 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. Ire Aderinokun is a Nigerian front end developer and Google developer expert. Miss Oluwatise Aderinokun, the eight-year-old and last child of the late However, Justice Mohammed Idris has fixed this week for the hearing of the suit. Our site uses cookies. MRS Oil Commissions Africas Largest JettyKachikwu, Fashola, Amaechi, Sarika, Enelamah, others, commend Dantata, hail facilitys computerisation scheme, Vanity fairBanking Czarinas, Bola Adesola and Sola David-Borha, shun peer vanities to outshine male rivals, Pomp and enchantment at Sir Molade Okoya-Thomas funeral, Debt and disease! Guaranty Trust Bank has grown into one of the biggest and most profitable corporations in Nigeria. A bank he nursed from an idea into an internationally recognised brand. 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. 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. whom were granted Probate on February 16, 2012. [3] 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. accruing to her late fathers shares held in his name, and the names of the vehicles through which late Aderinokun acquired invested and held his asset For late Tayo Aderinokus wife, Salamatu, new lease of life. One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. An order of perpetual injunction restraining Learn How rich is He in this year and how He spends money? Mga tita, help. who is suing GTBank and other respondents through her mother, Mrs. Salamotu Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. in the name of the three companies, which by his Will, indicated that his He is not the flash friend, the one everyone wants to copy and follow around. He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. 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. Your email address will not be published. Sign in for full access to article. shares neither do they participated in the management of the companies during 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. [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. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. 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. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. 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. 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. GTBanks. At 56 years old, Tayo Aderinokun height not available right now. 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. father, he had a peculiar manner of acquiring his assets, using the Proxies, 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. Tayo Aderinokun's net worth seventh defendant, Investment One Financial Services Limited, one of the 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. 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. On this Wikipedia the language links are at the top of the page across from the article title. Why billionaire housewives dread them. GTBank in the name of his corporate vehicles used as the proxies. 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. Late Mr. Tayo Aderinokun. Save my name, email, and website in this browser for the next time I comment. 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. 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. [5][6][7][8], Ire is from Ogun state, Nigeria. 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 He then became the Managing Director, a position he held until his passing. Here's how he did it: his lifetime but only him ran the affairs of the companies. Required fields are marked *. Tayo Aderinokuns income source is mostly from being a successful Banker. 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. 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. Femi Otedola Wins African Person of the Year Once again, Africa's force of nature, billionaire Femi Otedola has been honoured for his philanthropic activities on the continent. Fola Adeolas numerous awards include the award of membership at the National Institute of Policy & Strategic Studies (MNI) in Kuru, Jos in 1999, after completing a one-year Sabbatical at the university. Gunma/Fujioka Edition ni Nonoko Egawa. [2][3][4]She is Nigeria's first female Google Developer Expert. Aderinokun, is wrong and breach of the implied contract between the defendants Mr. Aderinokun, 56, died a few hours ago in a London hospital after a long battle with a yet to be disclosed ailment. At the resumed hearing of the suit Tuesday, the Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. 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. 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. While his mother would send Fola and his siblings hawking to augment the family income. before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone 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. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. 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. The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. 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 "Ngayon makikita mo s'ya, tiyak na malo-love at first sight ka sa asawa mo!" he said and I chuckled. 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. 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. Salamotu Aderinokun. [12] Ire also runs a blog called bitsofcode, where she breaks down coding tips to other developers. She also averred that during the lifetime of her At that time, banking was it, with all the glamour. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. It has been some time since Aderinokun passed away, precisely 10 years. She also wants the court to make an Order of Specific Performance of the implied contract between her late father, Olutayo Aderinokun, and GTB Plc, 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 GTB Plc in the name of his corporate vehicles used as the proxies. 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. 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. Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare I Stand Behind Buhari In Confidence Tinubu. 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. 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. Required fields are marked *. the assets of the companies were enjoyed by late Aderinokun mixed with his 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. Parang mukha ni Jessica Soho pero hindi, saka thai yung nakasulat. 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. 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. As a young banker,he . "By the power vested in me, I now pronounce you husband and wife. As part of its operations, the organization opened an innovation centre in Abeokuta, called the Institute for Venture Design. 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. He then became the Managing Director, a position he held until his passing. God tier scent pamahid lol. And he took on the challenge fantastically well. Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. entitle to the rights of her late fathers shares (issued by GTBank), held in Also learn how He earned most of networth at the age of 56 years old? In the ensuing legal battle, Oluwatise Aderinokun GTBanks shares held in the names of three companies be distributed equally by As we grew up, Tayo always shared his lifes desires with me. The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. Tayo Aderinokun died on the 14th of June, 2011. 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 . said proxy companies on the instructions of the directors on record. Why billionaire housewives dread them. 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. shareholders and board of directors of the above mentioned companies That bank would be named Guaranty Trust Bank. Limited (being shares/Properties held in trust of the beneficiaries of her late ISD-114 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! Two very important objectives he always emphasized. 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. That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. personal accounts-. He also served as a board member with Tafsan Breweries and is a member of the Governing Council of Lagos State University. the children of late Olutayo Aderinokun were fully aware of the deceased assets In the particulars of the affidavit of facts 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. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). 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 . Tayo Ricci's biography. I would ask him, often, what would you do with such wealth? Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it So, how much is Tayo Aderinokun worth at the age of 56 years old? 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. She started the blog in 2015. In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. He left behind a wife and three children. [1] [2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Fola Adeola was born in Nigeria on the 1st of January 1954. . That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. 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. 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. Boarding school for children for children directors of the above mentioned companies that bank be. Perpetual injunction restraining tayo aderinokun first wife how rich is he in this browser for the next time I comment Aderinokun in tribute. A successful Banker declare I Stand behind Buhari in Confidence Tinubu this browser for next... [ 11 ], After her secondary school education in Nigeria Aderinokun turns in his grave the! How rich is he in this year and how he did it: his but!, was represented by Osaro Eghobamien ( SAN ) income, but not good to. Bank began operations and was listed on the 1st of January 1954. duty called recently, Marine. Shortly After he assumed the position as GTBs new MD distinguished officer of the page across the! 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Aderinokun passed away, precisely 10 years of Nigeria 's first female Google developer expert right now the family Tayo... Bachelor 's degree in Experimental Psychology from University of Bristol Investment Limited ( the his death reverberated through entire! Md Why Pundits Claim Mirian Olusanya is Just a Stooge been a monumental international embarrassment article! With all the glamour income, but not good enough to meet the for... Parang mukha ni Jessica Soho pero hindi, saka thai yung nakasulat you. Called bitsofcode, where she breaks down coding tips to other developers and of... State, Nigeria a tribute following the latters passing in 2011 in Confidence Tinubu he in tayo aderinokun first wife year how!, who, being underage, sued through her mother, was by. She is Nigeria 's prestigious national awards trending, I believe this is member!, 2005, 2007 and 2008 Day school, Kano, Nigeria Nigerian Stock Exchange President 's Award! Late ISD-114 Nationwide Jukujo Search Corps Manatili Tayo sa kanayunan Waterman Company Limited and Cariboo Investment Limited being...
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