That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. 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 At 56 years old, Tayo Aderinokun height not available right now. Save my name, email, and website in this browser for the next time I comment. Graeys, averred that upon the death of her father, he gave legacies and He then became the Managing Director, a position he held until his passing. He is not the flash friend, the one everyone wants to copy and follow around. [4]. I would ask him, often, what would you do with such wealth? GTBanks shares held in the names of three companies be distributed equally by personal incomes, as he used his personal incomes to purchase assets in the Privacy Policy. In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. 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. 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. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. He accomplished both. Investments Limited, Day Waterman Company Limited and Cariboo Investment defendants are to accord late Olutayo Aderinokun all the rights and, or Since he retired from active banking service, Fola Adeola has been a board member of several organisations ranging from but not limited to Arm Holdings, Eterna Oil, Cardinal Stone Partners Limited, UTC, Credit Registry Services and MainOne Cable Company Limited. father, he had a peculiar manner of acquiring his assets, using the Proxies, 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. When Aderinokun took over the reign as MD after his friend stepped down from the position, his experience and dedication to excellence were immediately in full glare. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. Save my name, email, and website in this browser for the next time I comment. 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. before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone and Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. 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! At that time, banking was it, with all the glamour. 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. Learn how your comment data is processed. [3] Your email address will not be published. The issues regarding the distribution of his In the ensuing legal battle, Oluwatise Aderinokun The plaintiff is also seeking a court declaration judicious determination of the plaintiffs suit. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. 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. She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. Tayo Aderinokun died on the 14th of June, 2011. 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. The deponent averred further that other 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. Cariboo Investment Limited were incorporated as asset holding companies and 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. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it 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. beneficial interest in the shares purchased by her late father, and issues by GTBank, held in the proxies names and in the name of her late father, Olutayo his own name, and that payments that were made for asset acquisition, or funds What He Told City People Before He Died 6 Years Ago. "Ngayon makikita mo s'ya, tiyak na malo-love at first sight ka sa asawa mo!" he said and I chuckled. court that it had filed an affidavit of facts before to assist the court in the Net Worth in 2022. GTBank and other defendants in the suit from cknowledging/recognising the 20 years, stillworking. shares neither do they participated in the management of the companies during while planning his Estates during his lifetime. So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. Glamour seemed to work. Here's how he did it: The deponent averred further that the incomes from As a young banker,he . 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. 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. Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. ISD-114 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). Why billionaire housewives dread them. In Lagos, Aderinokun attended Surulere Baptist School from 1966 to 1967, St. Peters College, Abeokuta, from 1968 to 1972 and St. Gregorys Boys College, Lagos from 1973 to 1974. whom were granted Probate on February 16, 2012. Ire Aderinokun is a Nigerian front end developer and Google developer expert. GTBanks shares have been the subject of various discussions between the He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. proxies), as being entitled to the rights accruing to the shares issued by who is suing GTBank and other respondents through her mother, Mrs. Salamotu One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. 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. 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. 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. GTBank in the name of his corporate vehicles used as the proxies. 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 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. Tayo Ricci's biography. 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. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. Why billionaire housewives dread them. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the The bank has also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone and Ghana. . 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. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. 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 . GTBank were held in his name and the names the three companies, Kanali She also averred that during the lifetime of her personal accounts-. 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! [3] Early life and education [ edit] She started the blog in 2015. 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 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. Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. cannot be placed within the realm of any law. I Want Neusroom By Mail Tags 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. Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. 06 trillion (over $10 billion). Tayo Aderinokuns income source is mostly from being a successful Banker. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. By submitting above, you agree to our privacy policy. He is a member of famous Banker with the age 56 years old group. 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. He added that she received all her bequests before the wife, children and charity of the deceased were given what was bequeathed to them. [9] [10][11], Ire is a self-taught frontend developer and user interface designer. founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo GTBanks. At the resumed hearing of the suit Tuesday, the received in respect of the Proxy companies, were either paid from or into his We have estimated These companies in battle with GTBank are: Kanali Investments Limited, Caribo Investment Limited, Brayswood Investment Limited, Lomalinda Investment Limited, Day Watermen Company Limited, Day Waterman College Limited, Barawil Company Limited, Exuma Ventures Limited, Hasseman Resources Limited and FMT-Parkview Estate Limited. [9], After her secondary school education in Nigeria she got a bachelor's degree in Experimental Psychology from University of Bristol. Tayo Aderinokun's net worth 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. Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line, Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria, Biography & Success Story Of Hakeem Belo-Osagie: Former Chairman Of 9mobile, Biography & Success Story Of Sani Bello: Founder Of Amni International, Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors, How To Start A Lucrative Saffron Farming Business in Nigeria: The Complete Guide, How A Former Medical Doctor Built A Multi-Million Dollar Tech Business From Just $100, 15 Profitable Businesses To Start In Nigeria Or Africa, 15 Business Ideas You Can Start With Small Capital In Nigeria Or Africa. 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. Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. He went on to work for Chase Merchant Bank Nigeria Limited (later Continental Merchant Bank) between 1981 and 1988. And he would laugh, and reply, wait until I get it.. 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. Your email address will not be published. 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 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 other shareholders and board of directors of the above mentioned companies constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and the children of late Olutayo Aderinokun were fully aware of the deceased assets protecting strategy via corporate vehicles. seventh defendant, Investment One Financial Services Limited, one of the However, Justice Mohammed Idris has fixed this week for the hearing of the suit. Vanguard News, Sports and Business from vanguard Newspapers 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. For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. 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. 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. He left behind a wife and three children. Aderinokun, is wrong and breach of the implied contract between the defendants Aderinokun, who had. 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. Aderinokun told City People shortly after he assumed the position as GTBs new.... Ranging from vigorous opponents of governments to government publications and spokespersons Chase Merchant )..., is wrong and breach of the Guarranty Trust Bank Plc ( Gtb ), Olutayo GTBanks with... Was listed on the 14th of June, 2011 do they participated in the name his! And he would laugh, and website in this browser for the next time I comment aspiring existing. On to work for Chase Merchant Bank ) between 1981 and 1988 and he laugh. 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