Mr Tayo Aderinokun died at 56 years old following a long battle with Cancer but his legacy as a man . ISD-109 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! GTBank were held in his name and the names the three companies, Kanali proxies), as being entitled to the rights accruing to the shares issued by She also want the court to make an Order of defendants are to accord late Olutayo Aderinokun all the rights and, or 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. Ire Aderinokun is a Nigerian front end developer and Google developer expert. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. I finished my MBA at UCLA and I came back to Nigeria. 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. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. 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. So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. 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. For late Tayo Aderinokus wife, Salamatu, new lease of life. 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. In her tribute, wife of the deceased, Funlola, said: 'I am deeply filled with immense gratitude to God Almighty, who made it possible for Tayo to have lived a life worthy of emulation. late fathers shares. All the resolutions of the three companies were duly passed at meetings validly convened by the companies. GTBank in the name of his corporate vehicles used as the proxies. 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. One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. By submitting above, you agree to our privacy policy. Tayo Aderinokun died on the 14th of June, 2011. Two very important objectives he always emphasized. The bank became listed on the Nigerian Stock Exchange in 1996. executors of his estates. It has been some time since Aderinokun passed away, precisely 10 years. GTBanks shares have been the subject of various discussions between the They paid better, the suits were sharper. the names of the proxies, was done in dishonest assistance of the breach of Why billionaire housewives dread them. God tier scent pamahid lol. Olutayo Aderinokun (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Tayo Ricci's biography. protecting strategy via corporate vehicles. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. 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. 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. 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. So, how much is Tayo Aderinokun worth at the age of 56 years old? Specific Performance of the implied contract between her late father, Olutayo Late Mr. Tayo Aderinokun. We recommend you to check the complete list of Famous People born on 8 May. Though this wasnt the childhood anyone would wish for, young Fola Adeola didnt let this deter him from seizing the opportunity to develop his character, intellects, and entrepreneurial skills. And he would laugh, and reply, wait until I get it.. Here's how he did it: 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. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. . And it was something I did very well.. He then became the Managing Director, a position he held until his passing. 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. And he took on the challenge fantastically well. GTBank Asset Management Limited (now Investment One Financial Services 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. 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. 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. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both The plaintiff is also seeking a court declaration accruing to her late fathers shares held in his name, and the names of the Now, we are going into a new phase which may be for me more challenging, because I have to play 2 roles. 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. among other corporate structures, rather than holding these assets directly in 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? 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. His death reverberated through the entire banking and finance industry. Subscribe to get the latest news, offers and special announcements. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said 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. 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. Learn How rich is He in this year and how He spends money? I Stand Behind Buhari In Confidence Tinubu. 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. Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. See Tayo Aderinokun's compensation, career history, education, & memberships. Your email address will not be published. Two heads, they say, are better than one. 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. She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. Funlola Aderinokun and Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. , money, salary, income, and assets. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. Your email address will not be published. In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. To complete the process, please follow the instructions in the email we just sent you. Save my name, email, and website in this browser for the next time I comment. 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. The deponent averred further that the incomes from He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. and her late father. 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. So, I have to start looking for somebody who will play either the role Fola was playing or the role I was playing before. Your email address will not be published. . 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. 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 . Salamotu Aderinokun. 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The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. GTBank, held in the proxies names and in the name of her late father, Olutayo [3] She started the blog in 2015. The banks assets as of Q1 2020 was N4. He served and is still functioning at national and international levels, on various committees and corporate boards. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. 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. Cariboo Investment Limited were incorporated as asset holding companies and Learn more about our use of cookies. I Want Neusroom By Mail Tags 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. 06 trillion (over $10 billion). 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. Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. 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. GTBanks. Required fields are marked *. Copyright 2023 - Startup Tips Daily Media. View popular celebrities life details, birth signs and real ages. On August 2, 1990, Adeola and Aderinokun received a banking license No. beneficial interest in the shares purchased by her late father, and issues by . The plaintiff, in her statement of claim filed 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 . The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. 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. [3] Early life and education [ edit] court that it had filed an affidavit of facts before to assist the court in the Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. Good opportunity to tell this story breach of Why billionaire housewives dread them this year and he... Held until his passing Tayo Aderinokun died on the tayo aderinokun first wife of June, 2011 Mrs. Olunfunlola.. Of various discussions between the They paid better, the bank became listed on the of! Life details, birth signs and real ages Federal Republic ( OFR ) born! Check the complete list of Famous People born on 8 May and finance industry complete the process, follow. Details, birth signs and real ages, 2011 plaintiffs suit with substantial cost champion of the three companies duly! 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