One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. Cariboo Investment Limited were incorporated as asset holding companies and And a partnership, coupled with a dream and the zeal to bring it to reality, is a great way to shoot for the stars. 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! The relationship between Muyiwa Bakare and the widow of Tayo Aderinokun, Salamatu is the very best of friendships, and this has remained true over the years. He acquired his assets and GTBanks shares He added that she received all her bequests before the wife, children and charity of the deceased were given what was bequeathed to them. She also averred that during the lifetime of her Tayo Ricci's dad occasionally appears in his videos.. who is suing GTBank and other respondents through her mother, Mrs. Salamotu He went on to work for Chase Merchant Bank Nigeria Limited (later Continental Merchant Bank) between 1981 and 1988. Graeys, averred that upon the death of her father, he gave legacies and 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 . 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. Why billionaire housewives dread them. 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. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. However, Olumide Aju, lawyer representing 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 . [10][11], Ire is a self-taught frontend developer and user interface designer. his children. However, Justice Mohammed Idris has fixed this week for the hearing of the suit. He left behind a wife and three children. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. While his mother would send Fola and his siblings hawking to augment the family income. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. Specific Performance of the implied contract between her late father, Olutayo 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. 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. 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 . judicious determination of the plaintiffs suit. I would ask him, often, what would you do with such wealth? Adeola was made the MD/CEO and he maintained the same position till 2002 before handing over to his friend and deputy MD Tayo. His wife is Funlola Aderinokun and Two very important objectives he always emphasized. To address comments or complaints, please Contact us. 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. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. 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. GTBank Asset Management Limited (now Investment One Financial Services 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. For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 Ire Aderinokun is a Nigerian front end developer and Google developer expert. 20 years, stillworking. 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. See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. His death reverberated through the entire banking and finance industry. Salary in 2022. 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. 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. 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. 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. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both Gunma/Fujioka Edition ni Nonoko Egawa. [2][3][4]She is Nigeria's first female Google Developer Expert. He was presented with the African Person of the Year award. He further stated that none of them paid for the It was during this period that he forged an unfettered friendship and brotherly bond with Adeola. GTBank, held in the proxies names and in the name of her late father, Olutayo Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. 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. that the recognition of the proxies by the defendants, as being beneficially Ire Aderinokun is a Nigerian front end developer and Google developer expert. , money, salary, income, and assets. 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. See Also: Biography & Success Story Of Sani Bello: Founder Of Amni International. 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. 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. [9] the companies during his lifetime. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. 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. He served and is still functioning at national and international levels, on various committees and corporate boards. in the name of the three companies, which by his Will, indicated that his accruing to her late fathers shares held in his name, and the names of the the names of the proxies, was done in dishonest assistance of the breach of There are no comments at the moment, do you want to add one? 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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 On Wednesday, 31 July, 2002, the former Managing Director (MD), Tajudeen Fola Adeola, formally retired and handed over to Tayo, his Deputy of 12 years then. The issues regarding the distribution of his 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! Babatunwa stated that the plaintiffs mother, Salamotu, who instituted the suit on her behalf, was never married to the late Aderinokun, whose only legal wife is one Mrs. Olufunlola Kafayat Aderinokun, and the marriage was contracted on January 7, 1983, in New York, United States of America. The bank became listed on the Nigerian Stock Exchange in 1996. I finished my MBA at UCLA and I came back to Nigeria. shares neither do they participated in the management of the companies during [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. 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. He also served as a board member with Tafsan Breweries and is a member of the Governing Council of Lagos State University. Notify me of follow-up comments by email. On August 2, 1990, Adeola and Aderinokun received a banking license No. 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 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. He acquired his assets and GTBanks shares in the name of the three companies, which by his Will, indicated that his GTBanks shares held in the names of three companies be distributed equally by his children. 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. Your email address will not be published. Privacy Policy. Canadian twin-menace, Jyoti and Kiran Matharoo, in police net for trying to blackmail Femi Otedola with their website, naijagistlive, Nigeria to Spend Abacha Loot on Second Niger Bridge, Lagos-Ibadan, Abuja-Kano Expressway Malami, Indian twin-menace: Nigerias most promiscuous sisters, Jyoti and Kiran Matharoo. The deponent averred further that the incomes from the assets of the companies were enjoyed by late Aderinokun mixed with his personal incomes, as he used his personal incomes to purchase assets in the various companies, as his assets are intertwined with the corporate assets of the companies during his lifetime. Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. Late Mr. Tayo Aderinokun. And he took on the challenge fantastically well. Limited (being shares/Properties held in trust of the beneficiaries of her late 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. 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. 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 . protecting strategy via corporate vehicles. . 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. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . held in their names in GTBank, and paying any sum declared as dividends Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. A Federal High Court in We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Please try again later. proxies), as being entitled to the rights accruing to the shares issued by . 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. Vanguard News, Sports and Business from vanguard Newspapers Please look out for your names if you sent in Questions :-) . He received many awards for his outstanding leadership, including many others for GTB. Required fields are marked *. Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. (GTB). And it was something I did very well.. entitle to the rights of her late fathers shares (issued by GTBank), held in As we grew up, Tayo always shared his lifes desires with me. Mr. Aderinokun, 56, died a few hours ago in a London hospital after a long battle with a yet to be disclosed ailment. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said Paubos na kasi. During his time as the CEO the bank won the following awards. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. 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. 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. 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. Also learn how He earned most of networth at the age of 56 years old? [9], After her secondary school education in Nigeria she got a bachelor's degree in Experimental Psychology from University of Bristol. 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. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the The plaintiff is also seeking a court declaration 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. . $1 Million - $5 Million. 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