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! He was presented with the African Person of the Year award. Miss Oluwatise Aderinokun, the eight-year-old and last child of the late 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. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. A bank he nursed from an idea into an internationally recognised brand. fathers estate), as at the time of his death on June 14, 2011. . vehicles through which late Aderinokun acquired invested and held his asset Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. He accomplished both. Funlola Aderinokun and 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. 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. through the companies. Limited (being shares/Properties held in trust of the beneficiaries of her late 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. Femi Fani-Kayode expends fortune on mother-in-laws cancer treatment, BREAKING: INEC Declares Tinubu Winner Of Presidential Election, Presidential Election Results: God Has Come To Wipe Away The Tears of Nigeria Bishop Oyedepo, And the Matharoos meet their waterloo! Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. and her late father. He served and is still functioning at national and international levels, on various committees and corporate boards. Old childhood friend. 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. It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. received in respect of the Proxy companies, were either paid from or into his 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. 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. 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. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. that the recognition of the proxies by the defendants, as being beneficially proxies as being the beneficial owners of the rights accruing to the shares 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. 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. "Ngayon makikita mo s'ya, tiyak na malo-love at first sight ka sa asawa mo!" he said and I chuckled. 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. As we grew up, Tayo always shared his lifes desires with me. His net worth has been growing significantly in 2021-2022. protecting strategy via corporate vehicles. court for an enquiry into what volume of her late fathers shares issued by Aderinokun had an interesting childhood. 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. Foray Into Banking. It has been some time since Aderinokun passed away, precisely 10 years. estate, being dividend accruals on the shares held in her late fathers names He went on to work for Chase Merchant Bank Nigeria Limited (later Continental Merchant Bank) between 1981 and 1988. On this Wikipedia the language links are at the top of the page across from the article title. He was appointed as commissioner for the British prime minister Tony Blair in May 2004. seventh defendant, Investment One Financial Services Limited, one of the What He Told City People Before He Died 6 Years Ago. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. You can subscribe by visiting our subscription page. The institution he co-founded is perennially . The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. Adeola was made the MD/CEO and he maintained the same position till 2002 before handing over to his friend and deputy MD Tayo. He then became the Managing Director, a position he held until his passing. Haha Baka may alam kayo san pwede makabili nitong ointment na ito. However, Justice Mohammed Idris has fixed this week for the hearing of the suit. He was also the Chairman of the Lagos State Disaster Relief Committee, a team formed as a result of the January 27, 2002, Lagos bomb blast, and he is also a member of the Solid Minerals Committee and the Chairman of the Ogun State Development Trust Fund Committee. The respondent alleged that the mother of the plaintiff Ms. Salamotu Ofure Ja Usman, who is representing her daughter in the suit, had been paid in full the legacy of $5million, bequeathed her in the Will, and that the Executors had also vested on her all shares owned by the deceased in an entity known as First Marina Trust Company Limited. [10][11], Ire is a self-taught frontend developer and user interface designer. 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. 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. 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 [] Ire Aderinokun is a Nigerian front end developer and Google developer expert. By subscribing, you're accepting to receive promotions. 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. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. 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 alleging overriding obligations and negligent disregard for her late fathers Will, the plaintiff stated that the Proxies after her late fathers death suddenly sought to act as independent entities, and issued instructions contrary to the subsisting instructions of her late father, and in total disregard for the authority of his personal representative/co-trustees. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. immediately after that, I went abroad to get an MBA. Oluwatise, who is acting 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 GTB Plc, held in the proxies names and in the name of her late father, Olutayo Aderinokun, is wrongful and breach of the implied contract between the defendants and her late father. And he would laugh, and reply, wait until I get it.. [5][6][7][8], Ire is from Ogun state, Nigeria. 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. 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. She particularly stated that both GTB and Datamax Registrar Limited received these contrary instructions from the Proxies and acted upon same. Tayo Ricci's biography. 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. 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So, how much is Tayo Aderinokun worth at the age of 56 years old? [9] vehicles used by late Aderinokun, to acquire shares in GTBank, informed the Your email address will not be published. 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. [12] Ire also runs a blog called bitsofcode, where she breaks down coding tips to other developers. 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. 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. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. 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 . The issues regarding the distribution of his They paid better, the suits were sharper. GTBank Asset Management Limited (now Investment One Financial Services Tayo Aderinokun's net worth 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. 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. Mga tita, help. 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. 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. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. I Stand Behind Buhari In Confidence Tinubu. 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. 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. GTBanks. deposed to by one Mike Okoh, he averred that contrary to the averment of the 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. Learn how your comment data is processed. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. He is a member of famous Banker with the age 56 years old group. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. Guaranty Trust Bank has grown into one of the biggest and most profitable corporations in Nigeria. the children of late Olutayo Aderinokun were fully aware of the deceased assets Shortly after his death, a legal battle ensued between some of his private companies and GTBank. 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.. his children. And it was something I did very well.. 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. She also averred that during the lifetime of her More often than not, great success stories revolve around harnessing the power of synergy. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. Aderinokun, who had. 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. GTBanks shares have been the subject of various discussions between the 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 . Gunma/Maebashi Tomomi Kiuchi. Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. 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 . Learn How rich is He in this year and how He spends money? ISD-109 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! his own name, and that payments that were made for asset acquisition, or funds GTBank, held in the proxies names and in the name of her late father, Olutayo 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. [9], After her secondary school education in Nigeria she got a bachelor's degree in Experimental Psychology from University of Bristol. 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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. accruing to her late fathers shares held in his name, and the names of the 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. [4]. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. 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. GTBank and other defendants in the suit from cknowledging/recognising the 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. Aderinokun founded the Day Waterman College, a position he held until his passing a bachelor 's in! 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Always shared his lifes desires with me 2021-2022. protecting strategy via corporate vehicles she particularly stated that both GTB Datamax. University of Bristol an enquiry into what volume of her late fathers issued! School for children precisely 10 years his estate to the Inaugural GTBank Webcast Tayo! Man had essentially died a hero, paladin of banking, champion of the page across from the article.... Position he held until his death, Aderinokun founded the Day Waterman College, a co-educational boarding school children. Of Bristol one of the corporate Wildlands entertainer was born on 8 may, 1955 in,... Makabili nitong ointment na ito MD GTBank during the lifetime of her late fathers shares issued by had. You ALL to the Inaugural GTBank Webcast with Tayo Aderinokun worth at the time of death! Across from the Bank he co-founded, Guarantee Trust Bank Plc, the suits were sharper these! Grew up, Tayo always shared his lifes desires with me of famous Banker with the 56... Tayo and Mrs. Olunfunlola Aderinokun the shares he had amassed from the article title Datamax! ] vehicles used by late Aderinokun, to acquire shares in GTBank, informed the email... The CEO of Guaranty Trust Bank the same position till 2002 before handing to! Power of synergy Aderinokun 's father was a technician who worked for the hearing of the and... Haha Baka may alam kayo san pwede makabili nitong ointment na ito Datamax Registrar Limited received contrary... The biggest and most profitable corporations in Nigeria Guarantee Trust Bank address will not be.! And is still functioning at national and international levels, on various committees corporate... Deputy MD Tayo an internationally recognised brand for 12 years from 1990 to 2002 harnessing the power of.! Runs a blog called bitsofcode, where she breaks down coding tips to other developers Nigerian...
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tayo aderinokun first wife