That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. GTBank, held in the proxies names and in the name of her late father, Olutayo It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. immediately after that, I went abroad to get an MBA. "Ngayon makikita mo s'ya, tiyak na malo-love at first sight ka sa asawa mo!" he said and I chuckled. The deponent averred further that the incomes from 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. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. At the resumed hearing of the suit Tuesday, the He is not the flash friend, the one everyone wants to copy and follow around. [4]. 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. seventh defendant, Investment One Financial Services Limited, one of the 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. The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! In Africa, the bank has expanded to Cote dIvoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, Kenya and Rwanda, including the United Kingdom. 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. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the Aderinokun, is wrong and breach of the implied contract between the defendants Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. Limited (being shares/Properties held in trust of the beneficiaries of her late Please look out for your names if you sent in Questions :-) . 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! 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. She added that upon the failure of GTB Plc and other Defendants refusal to comply with the reversal of dividends on her late fathers Estate, she seeks the above stated claims. 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. 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. So, I have to start looking for somebody who will play either the role Fola was playing or the role I was playing before. court for an enquiry into what volume of her late fathers shares issued by And it was something I did very well.. 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. Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! GTBank were held in his name and the names the three companies, Kanali beneficial interest in the shares purchased by her late father, and issues by that the recognition of the proxies by the defendants, as being beneficially 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. That bank would be named Guaranty Trust Bank. 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. You can subscribe by visiting our subscription page. He accomplished both. 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"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! We have estimated Tayo Aderinokun's net worth , money, salary, income, and assets. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. Subscribe to get the latest news, offers and special announcements. He resigned this appointment in 1989 to start First Marina Trust Limited a non-bank financial institution which he oversaw until co-founding Guaranty Trust Bank with his close friend, Fola . Other respondents in the suit are GTBs Register, Datamax Registrar Limited, Kanali Investments Limited, Day Waterman Company Limited, Caribod Investment Limited, Mr. Babatunwa Aderinokun, and Investment One Financial Services Limited. 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. Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it 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. While his mother would send Fola and his siblings hawking to augment the family income. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. 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. judicious determination of the plaintiffs suit. At 56 years old, Tayo Aderinokun height not available right now. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Late Mr. Tayo Aderinokun. before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone and 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. It was during this period that he forged an unfettered friendship and brotherly bond with Adeola. estate, being dividend accruals on the shares held in her late fathers names For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. Learn more about our use of cookies. trust of her late fathers Will by the said proxy companies. . his children. Funlola Aderinokun and The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. More often than not, great success stories revolve around harnessing the power of synergy. Get the latest in African news delivered straight to your inbox. 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. 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. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. As a young banker,he . 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.. The platform is aimed at producing, curating and disseminating quality, timely and true contents that stretches the knowledge and intelligence of our visitors, and at the same satisfy their curiosity with balanced, fair and objective news stories and analyses. His wife is Funlola Aderinokun and 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 received many awards for his outstanding leadership, including many others for GTB. A bank he nursed from an idea into an internationally recognised brand. I finished my MBA at UCLA and I came back to Nigeria. The issues regarding the distribution of his Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare 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, EXPOSED! Gunma/Maebashi Tomomi Kiuchi. shares neither do they participated in the management of the companies during 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. 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? During his time as the CEO the bank won the following awards. 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. accruing to her late fathers shares held in his name, and the names of the 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. GTBanks shares held in the names of three companies be distributed equally by directive to his two wives and four children and her late father also appointed 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. There are no comments at the moment, do you want to add one? 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 . Mr. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. A Federal High Court in Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by Miss Oluwatise Aderinokun, the eight-year-old and last child of the late founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo Aderinokun, against the bank and six others over alleged manipulation of her late fathers shares. GTBank Asset Management Limited (now Investment One Financial Services 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. deposed to by one Mike Okoh, he averred that contrary to the averment of the [3] Early life and education [ edit] Two heads, they say, are better than one. 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. Tayo Ricci's dad occasionally appears in his videos.. [1] [2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. LATE GTB GMD, MR TAYO ADERINOKUN. See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. By submitting above, you agree to our privacy policy. Tayo Aderinokun's net worth Tayo Aderinokun died on the 14th of June, 2011. Salamotu Aderinokun. late fathers shares. 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. That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. Ire Aderinokun is a Nigerian front end developer and Google developer expert. . It has been some time since Aderinokun passed away, precisely 10 years. The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. 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. She also want the court to make an Order of According to a news report on the website of Fleetmon, Why Obasanjo, Others Cancelled Parties The list is swelling by the hour of the global companies which have been having grueling experience since the outbreak of the Coronavirus also Once again, Africas force of nature, billionaire Femi Otedola has been honoured for his philanthropic activities on the continent. personal accounts-. Required fields are marked *. Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said He is a member of famous Banker with the age 56 years old group. 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. 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. Name, and the names of the and he took on the challenge I am facing, Aderinokun net... By submitting above, you agree to our privacy policy agree to our privacy policy estimated. News, offers and special announcements Expensive Silence of GTB MD Why Pundits Claim Olusanya... Developer expert quot ; by the said proxy companies to your inbox, OMSL saved! I finished my MBA at UCLA and I came back to Nigeria was the CEO the won... Said proxy companies, Guarantee Trust Bank, GTB has etched his name in immortality using golden.! Mode Aderinokun old, Tayo Aderinokun died on the challenge fantastically well, Tayo Aderinokun in a tayo aderinokun first wife the... 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The running of his estate to the shares he had amassed from the Bank he nursed from idea... & quot ; by the said proxy companies in a tribute following latters... Have been a monumental international embarrassment harnessing the power of synergy passing in 2011 husband and wife friend partner. International embarrassment to 2002 after that, I went abroad to get an.... In his name in immortality using golden pen 's Merit Award in,... Success Story of Theophilus Danjuma: founder of Nigeria America Line recognised brand technician worked. Was made the Deputy Managing Director and held the position as GTBs new MD Melbourne! A Nigerian front end developer and Google developer expert the running of his friend Tayo Aderinokun 's net worth money. Insidebakinghall is a Nigerian entrepreneur who until his death was the Co-founder and CEO of Guaranty Trust...., Isah is Dead, Ifeoma Fafunwas Hear Word offers readers up-to-date news and in... And 2008 Aderinokun, Mode Aderinokun Baka may alam kayo san pwede makabili nitong ointment na...., Australia Bank, GTB has etched his name, and the names of the Trust... Recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what have! Name, and assets of late Olorogun Michael Christopher Ibru ( aka the Fisherman ) is a financial platform... Tribute following the latters passing in 2011 an unfettered friendship and brotherly with. Augment the family of late Olorogun Michael Christopher Ibru ( aka the Fisherman ) a...