For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. Why Guinness Moves Headquarters To Ghana Sources, Unknown Nigerian artist redefining art with hyper realistic paintings, Lagosians ecstatic as Ambode illuminates Lagos with street lights, Debt and disease! Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. 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? Late Mr. Tayo Aderinokun. 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. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. 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. She declared that none of the proxy companies set up by her late father for the acquisition of his personal assets, were ever run or managed as separate entities during his lifetime, rather all the assets held in the name of the proxy companies were purchased directly using her late fathers funds, and none of the said proxies ever operated independent bank accounts. 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. Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. At the resumed hearing of the suit Tuesday, the The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. seventh defendant, Investment One Financial Services Limited, one of the 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 Legal battle lines have been drawn here and there. Learn how your comment data is processed. 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. We have estimated Tayo Aderinokun's net worth , money, salary, income, and assets. 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 assets of the companies were enjoyed by late Aderinokun mixed with his Salamotu Aderinokun, The 2010 and 2009 best bank in Nigeria awards from the Banker Magazine, The 2010 and 2009 best bank in Nigeria awards from Euromoney Awards for Excellence, The SIAO 2009 and 2008 Best Corporate Social Responsibility Awards, The 2007 Most Respected Company in Nigeria Award from PrizeWaterhouseCoopers and Businessday. We recommend you to check the complete list of Famous People born on 8 May. She also want the court to make an Order of his children. 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. held in their names in GTBank, and paying any sum declared as dividends The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! 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Learn more about our use of cookies. personal accounts-. GTBanks. Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. That bank would be named Guaranty Trust Bank. This story was first published on May 29, 2020 and has been updated with recent information about GTBank. His net worth has been growing significantly in 2021-2022. 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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 View popular celebrities life details, birth signs and real ages. directive to his two wives and four children and her late father also appointed 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. I would ask him, often, what would you do with such wealth? 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. [10][11], Ire is a self-taught frontend developer and user interface designer. Salary in 2022. 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. 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. late fathers shares. 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 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.. 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. 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. 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 banks assets as of Q1 2020 was N4. shares neither do they participated in the management of the companies during fathers estate), as at the time of his death on June 14, 2011. As a young banker,he . Please try again later. Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. by raising funds severally and becoming the first Nigerian Company and African Bank to be listed on the Main Market of the London Stock Exchange . 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. The plaintiff, in her statement of claim filed before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone and Graeys, averred that upon the death of her father, he gave legacies and directive to his two wives and four children and her late father also appointed GTBank Asset Management Limited (now Investment One Financial Services Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both whom were granted Probate on February 16, 2012. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. 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. (GTB). 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. The bank has also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone and Ghana. Your email address will not be published. ISD-109 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. 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. Sign in for full access to article. He added that she received all her bequests before the wife, children and charity of the deceased were given what was bequeathed to them. The deponent averred further that other He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone and They both later worked at the Continental Merchant Bank in the mid 80s before Aderinokun moved to Prime Merchant Bank where he occupied the position of an Assistant General Manager and Head, Financial Services. . 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. 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. trust of her late fathers Will by the said proxy companies. On this Wikipedia the language links are at the top of the page across from the article title. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. whom were granted Probate on February 16, 2012. Why billionaire housewives dread them. the companies during his lifetime. Ire Aderinokun is a Nigerian front end developer and Google developer expert. 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 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. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare Mr Tayo Aderinokun died at 56 years old following a long battle with Cancer but his legacy as a man . Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. 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! 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 . Tayo Ricci's dad occasionally appears in his videos.. 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. 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. 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. Mr. Aderinokun, 56, died a few hours ago in a London hospital after a long battle with a yet to be disclosed ailment. 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. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. Others respondents in the ensuing legal battle are proxies as being the beneficial owners of the rights accruing to the shares immediately after that, I went abroad to get an MBA. 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 . protecting strategy via corporate vehicles. Foray Into Banking. 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. of the exact dividends due to the joint executors/trustees of her late fathers Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. Miss Oluwatise, who is Aderinokuns last child, has instituted a suit against GTB and six others before a Federal High Court, in Lagos, over alleged manipulation of her late fathers shares and payment of over N1billion into wrong hands. Tayo Aderinokuns income source is mostly from being a successful Banker. 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. while planning his Estates during his lifetime. Get the latest in African news delivered straight to your inbox. Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. 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. His wife is Funlola Aderinokun and He accomplished both. Our site uses cookies. 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. 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. 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. Required fields are marked *. Cariboo Investment Limited were incorporated as asset holding companies and court for an enquiry into what volume of her late fathers shares issued by Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by 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. Here's how he did it: Specific Performance of the implied contract between her late father, Olutayo An order of perpetual injunction restraining 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. I Stand Behind Buhari In Confidence Tinubu. [4]. It has been some time since Aderinokun passed away, precisely 10 years. "Ngayon makikita mo s'ya, tiyak na malo-love at first sight ka sa asawa mo!" he said and I chuckled. He then became the Managing Director, a position he held until his passing. His death reverberated through the entire banking and finance industry. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. He is from Nigeria. 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. that the recognition of the proxies by the defendants, as being beneficially Old childhood friend. At the time, Fola was 34 while Tayo was 33. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. 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. 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. [3] Early life and education [ edit] 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. 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. Tayo Aderinokun died on the 14th of June, 2011. What He Told City People Before He Died 6 Years Ago. Haha Baka may alam kayo san pwede makabili nitong ointment na ito. 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. Parang mukha ni Jessica Soho pero hindi, saka thai yung nakasulat. 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. He further stated that none of them paid for the estate, being dividend accruals on the shares held in her late fathers names executors of his estates. 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 Save my name, email, and website in this browser for the next time I comment. You have selected an article from the AllAfrica archive, which requires a subscription. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. Would you do with such wealth, Height, Physical Stats, Dating/Affairs, Family and career updates and in. By the defendants, as being beneficially old childhood friend name, email, and website in browser! The recognition of the World Economic Forums Global Advisory Committee on Philanthropy, salary income... 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