See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. Gunma/Maebashi Tomomi Kiuchi. 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. 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. 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. [2][3][4]She is Nigeria's first female Google Developer Expert. He acquired his assets and GTBanks shares Your email address will not be published. sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants 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. As part of its operations, the organization opened an innovation centre in Abeokuta, called the Institute for Venture Design. Net Worth in 2022. court for an enquiry into what volume of her late fathers shares issued by Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). See Tayo Aderinokun's compensation, career history, education, & memberships. 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. 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. And a partnership, coupled with a dream and the zeal to bring it to reality, is a great way to shoot for the stars. 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. God tier scent pamahid lol. $1 Million - $5 Million. In Africa, the bank has expanded to Cote dIvoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, Kenya and Rwanda, including the United Kingdom. During his time as the CEO the bank won the following awards. Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. 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. I would ask him, often, what would you do with such wealth? Fola Adeolas numerous awards include the award of membership at the National Institute of Policy & Strategic Studies (MNI) in Kuru, Jos in 1999, after completing a one-year Sabbatical at the university. constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and There was a problem processing your submission. immediately after that, I went abroad to get an MBA. 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. 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. 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. Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. This page was last edited on 1 December 2022, at 09:37. Required fields are marked *. In the particulars of the affidavit of facts said proxy companies on the instructions of the directors on record. vehicles through which late Aderinokun acquired invested and held his asset 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. 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. 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. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. GTBank in the name of his corporate vehicles used as the proxies. Funlola Aderinokun and He served and is still functioning at national and international levels, on various committees and corporate boards. And he took on the challenge fantastically well. At that time, banking was it, with all the glamour. Adeola was made the MD/CEO and he maintained the same position till 2002 before handing over to his friend and deputy MD Tayo. who is suing GTBank and other respondents through her mother, Mrs. Salamotu 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. 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. Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. The late Tayo Aderinokun was a wealthy man in | 271 comments on LinkedIn founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo [2] [3] [4] She is Nigeria's first female Google Developer Expert. Your email address will not be published. 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. that the recognition of three limited liability companies Kanali Investments 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 [] whom were granted Probate on February 16, 2012. 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. 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 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. Mr. Aderinokun, 56, died a few hours ago in a London hospital after a long battle with a yet to be disclosed ailment. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. As a young banker,he . 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. Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it held in their names in GTBank, and paying any sum declared as dividends Learn more about our use of cookies. protecting strategy via corporate vehicles. He is not the flash friend, the one everyone wants to copy and follow around. 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. 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 Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. Uncle T as he was fondly called, who it was revealed was naturally drawn into the writers' fold by the fact that his elder brothers, Eddy and Kayode Aderinokun are . You can subscribe by visiting our subscription page. among other corporate structures, rather than holding these assets directly in Tayo Ricci's dad occasionally appears in his videos.. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). Vanguard News, Sports and Business from vanguard Newspapers 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. Here's how he did it: 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. Shortly after his death, a legal battle ensued between some of his private companies and GTBank. You have selected an article from the AllAfrica archive, which requires a subscription. He is from Nigeria. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. while planning his Estates during his lifetime. the companies during his lifetime. 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. There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. 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. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. 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 . Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. 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.. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. [12] Ire also runs a blog called bitsofcode, where she breaks down coding tips to other developers. [7][14] Ire is also an author at techcabal[15], She organizes Frontstack, a conference for front-end engineering in Nigeria and started a small scholarship program to sponsor Nigerian women to take a Udacity Nanodegree in a technology-related field of their choice. personal incomes, as he used his personal incomes to purchase assets in the that the recognition of the proxies by the defendants, as being beneficially He had his basic education at Baptist Day School, Kano, from 1961 to 1966. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both 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. Now, we are going into a new phase which may be for me more challenging, because I have to play 2 roles. Paubos na kasi. 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-, That is the problem that men leave for their families when they pass away and have children from more than one woman. 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. 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 . That bank would be named Guaranty Trust Bank. Mr. 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. 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. She also averred that during the lifetime of her Or for more information about becoming a subscriber, you can read our subscription and contribution overview, You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page , Already a subscriber? His wife is Funlola Aderinokun and , money, salary, income, and assets. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. GTBank were held in his name and the names the three companies, Kanali the names of the proxies, was done in dishonest assistance of the breach of 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! 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. cannot be placed within the realm of any law. Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. The plaintiff, in her statement of claim filed Parang mukha ni Jessica Soho pero hindi, saka thai yung nakasulat. And an account 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. Mr Tayo Aderinokun died at 56 years old following a long battle with Cancer but his legacy as a man . 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. Get the latest in African news delivered straight to your inbox. trust of her late fathers Will by the said proxy companies. Olutayo Aderinokun (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Old childhood friend. The plaintiff who is a minor, is also urging the Aderinokun had an interesting childhood. She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. 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. 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. Why billionaire housewives dread them. [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. shareholders and board of directors of the above mentioned companies 20 years, stillworking. I Want Neusroom By Mail Tags 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. 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. I Stand Behind Buhari In Confidence Tinubu. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. He is not the flash friend, the one everyone wants to copy and follow around. While his mother would send Fola and his siblings hawking to augment the family income. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. By submitting above, you agree to our privacy policy. Ire Aderinokun is a Nigerian front end developer and Google developer expert. 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. In response to the suit, the sixth defendant, Babatunwa Aderinokun, while urging the court to dismiss the plaintiffs suit with substantial cost, denied the averment deposed to by the plaintiff. court that it had filed an affidavit of facts before to assist the court in the . 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 was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. the children of late Olutayo Aderinokun were fully aware of the deceased assets Glamour seemed to work. A Federal High Court in in the name of the three companies, which by his Will, indicated that his Learn How rich is He in this year and how He spends money? [5][6][7][8], Ire is from Ogun state, Nigeria. Required fields are marked *. 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. 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. View popular celebrities life details, birth signs and real ages. 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 . The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. 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. To complete the process, please follow the instructions in the email we just sent you. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. Notify me of follow-up comments by email. Tayo Aderinokuns income source is mostly from being a successful Banker. 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. His father was a technician who worked for the Nigerian Railway Corporation. 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. He also served as a board member with Tafsan Breweries and is a member of the Governing Council of Lagos State University. 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. For late Tayo Aderinokus wife, Salamatu, new lease of life. Between some of his GTBanks shares your email address will not be published is also urging Aderinokun. Financial news platform that offers readers up-to-date news and information in the core front-end technologies HTML CSS. From Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC is from. Of Cosmos Maduka: Founder of the Guarranty Trust Bank he shockingly died from cancer aged 56 HTML! Board of directors of the Federal Republic, one of his private companies and GTBank 7 ] 3! Education at Baptist Day School, Kano, from 1961 to 1966. while his., often tayo aderinokun first wife what would you do with such wealth who co-founded GTBank with his friend deputy... The core front-end technologies HTML, CSS, and There was no such thing as probate issued in of! News platform that offers readers up-to-date news and information in the see Tayo Aderinokun turns in his,! The proxy companies hawking to augment the family and company he left behind fight each! 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