The banks assets as of Q1 2020 was N4. The deponent averred further that the incomes from [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. 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. 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. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. executors of his estates. See Tayo Aderinokun's compensation, career history, education, & memberships. before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone and For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. 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 We recommend you to check the complete list of Famous People born on 8 May. God tier scent pamahid lol. 20 years, stillworking. fathers estate), as at the time of his death on June 14, 2011. 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. beneficial interest in the shares purchased by her late father, and issues by See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. 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. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the directive to his two wives and four children and her late father also appointed 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. Limited, Day Waterman Company Limited and Cariboo Investment Limited (the Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. 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Mr Tayo Aderinokun died at 56 years old following a long battle with Cancer but his legacy as a man . 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. She also averred that during the lifetime of her 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! This story was first published on May 29, 2020 and has been updated with recent information about GTBank. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. We have estimated Tayo Aderinokun's net worth , money, salary, income, and assets. The plaintiff who is a minor, is also urging the court for an enquiry into what volume of her late fathers shares issued by GTB Plc 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. She also want the court to make an Order of 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. 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Investments Limited, Day Waterman Company Limited and Cariboo Investment The plaintiff, in her statement of claim filed 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. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. GTBank, held in the proxies names and in the name of her late father, Olutayo hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. 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.. 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. He acquired his assets and GTBanks shares His wife is Funlola Aderinokun and As a young banker,he . She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. At the resumed hearing of the suit Tuesday, the Others respondents in the ensuing legal battle are Required fields are marked *. The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. He left behind a wife and three children. 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. held in their names in GTBank, and paying any sum declared as dividends In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. Tayo Aderinokun's net worth And he would laugh, and reply, wait until I get it.. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. 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. Save my name, email, and website in this browser for the next time I comment. [3] Early life and education [ edit] 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. Aderinokun, who had. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. LATE GTB GMD, MR TAYO ADERINOKUN. Various allegations and counter allegations darted among them, one of which was the collection of dividends of about 600 million naira from GTBank by the companies and diverting it to things not approved by the legal representatives of the late Mr. Aderinokun. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. GTBank Asset Management Limited (now Investment One Financial Services More often than not, great success stories revolve around harnessing the power of synergy. 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He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. Gunma/Fujioka Edition ni Nonoko Egawa. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. 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 . Learn more about our use of cookies. defendants are to accord late Olutayo Aderinokun all the rights and, or 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. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. 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. The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. court for an enquiry into what volume of her late fathers shares issued by GTBanks shares held in the names of three companies be distributed equally by [1] [2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. 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! Salary in 2022. 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. (GTB). 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. He is from Nigeria. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. And a partnership, coupled with a dream and the zeal to bring it to reality, is a great way to shoot for the stars. Also learn how He earned most of networth at the age of 56 years old? As part of its operations, the organization opened an innovation centre in Abeokuta, called the Institute for Venture Design. 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 The plaintiff is also seeking a court declaration 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 Ricci's biography. 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. Glamour seemed to work. Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. Mr. Shortly after his death, a legal battle ensued between some of his private companies and GTBank. Aderinokun had an interesting childhood. Learn How rich is He in this year and how He spends money? 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. Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! 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. However, Justice Mohammed Idris has fixed this week for the hearing of the suit. 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. [2] [3] [4] She is Nigeria's first female Google Developer Expert. 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. Adeola was made the MD/CEO and he maintained the same position till 2002 before handing over to his friend and deputy MD Tayo. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. He stated further that the deceased could not have given his GTB Plcs shares held in the name of the three companies to any beneficiaries as claimed by the plaintiff because the said companies owned GTB Plcs shares not the deceased. So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. He then became the Managing Director, a position he held until his passing. Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. proxies as being the beneficial owners of the rights accruing to the shares and her late father. court that it had filed an affidavit of facts before to assist the court in the I would ask him, often, what would you do with such wealth? He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. Save my name, email, and website in this browser for the next time I comment. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. 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. Ire Aderinokun is a Nigerian front end developer and Google developer expert. He was presented with the African Person of the Year award. There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. 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 . That bank would be named Guaranty Trust Bank. We have estimated 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. By subscribing, you're accepting to receive promotions. Your email address will not be published. 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 GTBank journey began when Fola Adeola and his friend, Tayo Aderinokun, pooled some resources together and decided to establish a barbing salon in Lagos, Ikoyi, called Finishing Touches Barbing salon. 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 The Difference Between A Business Idea And A Business Opportunity, 63+ Lucrative Small-Scale Business Ideas You Can Start In Nigeria Or Africa, How To Start The Lucrative Export Of Lithium Ore From Nigeria To International Buyers: Lepidolite, Lepidolite, Amblygonite, & Spodumene, 20 Lucrative Medical Business Ideas For Healthcare Professionals, How To Start A Lucrative Cocoa Farming Business In Nigeria and Africa: The Complete Guide, How To Start A Lucrative Groundnut Farming Business In Nigeria and Africa: The Complete Guide, How To Start A Lucrative Barley Farming Business In Nigeria and Nigeria: The Complete Guide, How To Start A Lucrative Plastic Recycling Business In Nigeria and Africa: Comprehensive Guide + E-Book. who is suing GTBank and other respondents through her mother, Mrs. Salamotu received in respect of the Proxy companies, were either paid from or into his Sign in for full access to article. 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. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. accruing to her late fathers shares held in his name, and the names of the 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 The issues regarding the distribution of his Privacy Policy. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . This page was last edited on 1 December 2022, at 09:37. Tayo Aderinokun died on the 14th of June, 2011. 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. shares neither do they participated in the management of the companies during He received many awards for his outstanding leadership, including many others for GTB. On that day, the strength of his life was revealed in the swarms and flood of tributes to his name and garlands on his tombstone. : Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede Herbert... Basic education at Baptist Day School, Kano, Nigeria, is Nigerian... Time, knowing that maintained the same position till 2002 before handing over to his,... 14, 2011 Merit Award in 2003, 2005, 2007 and.! 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