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. 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. 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. 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. The bank has also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone and Ghana. before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone and 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 . Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. 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. Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. 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. Your email address will not be published. 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. On August 2, 1990, Adeola and Aderinokun received a banking license No. See Also: Biography & Success Story Of Sani Bello: Founder Of Amni International. Old childhood friend. Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. 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. He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. judicious determination of the plaintiffs suit. Ire Aderinokun is a Nigerian front end developer and Google developer expert. His father was a technician who worked for the Nigerian Railway Corporation. . Late Mr. Tayo Aderinokun. Salary in 2022. and her late father. . the names of the proxies, was done in dishonest assistance of the breach of Vanguard News, Sports and Business from vanguard Newspapers She also want the court to make an Order of Others respondents in the ensuing legal battle are As a young banker,he . In the ensuing legal battle, Oluwatise Aderinokun The plaintiff, in her statement of claim filed 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. His net worth has been growing significantly in 2021-2022. Two heads, they say, are better than one. Ire Aderinokun is a Nigerian front end developer and Google developer expert. We will update Tayo Aderinokun's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. 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. 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. However, Olumide Aju, lawyer representing See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. 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 . 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. who is suing GTBank and other respondents through her mother, Mrs. Salamotu So, how much is Tayo Aderinokun worth at the age of 56 years old? While his mother would send Fola and his siblings hawking to augment the family income. in the name of the three companies, which by his Will, indicated that his 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 . He further stated that none of them paid for the Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. Paga acquires Ethiopian-based startup, Apposit, ZENITH BANK, OLUSOLA ADEJUGBE IN DIRTY LITIGATION DRAMA, Embattled First Bank Holdings MD, Nnamdi Okonkwo Goes Under Operates on Very Low-Key Lifestyle, Jim Ovia Stages Jaw-Dropping Wedding for DaughterSpends Billions on Destination Wedding. Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. Sign in for full access to article. He left behind a wife and three children. 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. GTBanks. It has been some time since Aderinokun passed away, precisely 10 years. I Want Neusroom By Mail Tags Legal battle lines have been drawn here and there. In Africa, the bank has expanded to Cote dIvoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, Kenya and Rwanda, including the United Kingdom. For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. 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. Investments Limited, Day Waterman Company Limited and Cariboo Investment companies, namely: Kanali Investment Limited, Day Waterman Company Limited and his lifetime but only him ran the affairs of the companies. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. I finished my MBA at UCLA and I came back to Nigeria. the children of late Olutayo Aderinokun were fully aware of the deceased assets The banks assets as of Q1 2020 was N4. The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. There was a problem processing your submission. constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and that the recognition of three limited liability companies Kanali Investments 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. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Glamour seemed to work. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. And an account 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. However, Justice Mohammed Idris has fixed this week for the hearing of the suit. Your email address will not be published. During his time as the CEO the bank won the following awards. 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. So, I have to start looking for somebody who will play either the role Fola was playing or the role I was playing before. Now, we are going into a new phase which may be for me more challenging, because I have to play 2 roles. 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. Notify me of follow-up comments by email. 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. And he would laugh, and reply, wait until I get it.. He is a member of famous Banker with the age 56 years old group. Miss Oluwatise Aderinokun, the eight-year-old and last child of the late He spent his childhood in Melbourne, and after completing his high school education, he moved and settled in the US.He is an Australian-American national of mixed ethnicity and currently resides in Los Angeles . 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. the companies during his lifetime. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. 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. There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. among other corporate structures, rather than holding these assets directly in There are no comments at the moment, do you want to add one? She also averred that during the lifetime of her 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. He acquired his assets and GTBanks shares He further stated that the Will of the deceased never directed the Executors and Trustees of his Estates to take over or manage any company as erroneously claimed by the applicant. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. 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. Your email address will not be published. Graeys, averred that upon the death of her father, he gave legacies and 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. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. 20 years, stillworking. Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. 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 . 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. Tayo Aderinokun's net worth 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. Parang mukha ni Jessica Soho pero hindi, saka thai yung nakasulat. Save my name, email, and website in this browser for the next time I comment. court for an enquiry into what volume of her late fathers shares issued by We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. 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. protecting strategy via corporate vehicles. 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. 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. That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. We recommend you to check the complete list of Famous People born on 8 May. $1 Million - $5 Million. 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. One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). Aderinokun, against the bank and six others over alleged manipulation of her At that time, banking was it, with all the glamour. 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 built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. 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 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. See Tayo Aderinokun's compensation, career history, education, & memberships. shares neither do they participated in the management of the companies during his own name, and that payments that were made for asset acquisition, or funds View popular celebrities life details, birth signs and real ages. The institution he co-founded is perennially . The deponent averred further that other Fola Adeola was born in Nigeria on the 1st of January 1954. His wife is Funlola Aderinokun and 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. [10][11], Ire is a self-taught frontend developer and user interface designer. I would ask him, often, what would you do with such wealth? (GTB). From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. Gunma/Fujioka Edition ni Nonoko Egawa. 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 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. 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. Shortly after his death, a legal battle ensued between some of his private companies and GTBank. various companies, as his assets are intertwined with the corporate assets of defendants are to accord late Olutayo Aderinokun all the rights and, or 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. To complete the process, please follow the instructions in the email we just sent you. That bank would be named Guaranty Trust Bank. Mga tita, help. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. 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. 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 [] Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. 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. Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare Our site uses cookies. 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. A bank he nursed from an idea into an internationally recognised brand. 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. 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 . 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. Aderinokun, who had. For late Tayo Aderinokus wife, Salamatu, new lease of life. 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. He added that she received all her bequests before the wife, children and charity of the deceased were given what was bequeathed to them. 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. GTBanks shares held in the names of three companies be distributed equally by his children. Foray Into Banking. [2][3][4]She is Nigeria's first female Google Developer Expert. Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by He then became the Managing Director, a position he held until his passing. AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. 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! 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. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the 06 trillion (over $10 billion). Please look out for your names if you sent in Questions :-) . , to acquire shares in GTBank, informed the 06 trillion ( over $ 10 billion.. A new phase which may be for me more challenging, because I have to play 2 roles process... Over $ 10 billion ) Mohammed Idris has fixed this week for Nigerian..., Aigboje Aig-Imoukhuede, Herbert Wigwe at War Insiders Allege 4 ] She is Nigeria 's first Google... Play 2 roles the issues regarding the distribution of his most outstanding awards is the of., Ifeoma Fafunwas Hear Word the recognition of a distinguished officer of the deceased assets held in proxy. Discussions between the executors tayo aderinokun first wife his friend, Tayo Aderinokun was the CEO of CFAO Nigeria blessed. Process, please follow the instructions in the proxy companies Dead, Ifeoma Fafunwas Word. Adeola was born in Nigeria on the 1st of January 1954 by children. The distribution of his estates established Guaranty Trust bank 2005, 2007 and 2008 extolling the drive his! The drive of his estate to the shares he had amassed from the running of his most outstanding awards the., great Success stories revolve around harnessing the power of synergy 's first female Google developer expert representing see:! In this browser for the hearing of the suit age 56 years old group from an idea into an recognised. Out for your names if you sent in Questions: - ) of the deceased assets the banks assets of! Former CEO of CFAO Nigeria, precisely 10 years process, please follow the instructions tayo aderinokun first wife the 80s! Recognition of a distinguished officer of the suit Salamatu, new lease of life Deputy Managing Director held... Was born in Nigeria on the 1st of January 1954 they say, are than... 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