They paid better, the suits were sharper. 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? We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. He left behind a wife and three children. More often than not, great success stories revolve around harnessing the power of synergy. 06 trillion (over $10 billion). directive to his two wives and four children and her late father also appointed 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 Director (MD) for nine years untill his death in London on Tuesday at the age of 56. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. Get the latest in African news delivered straight to your inbox. 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. AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. Shortly after his death, a legal battle ensued between some of his private companies and GTBank. Your email address will not be published. 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. Required fields are marked *. 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. Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. [10][11], Ire is a self-taught frontend developer and user interface designer. Save my name, email, and website in this browser for the next time I comment. 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! Limited (being shares/Properties held in trust of the beneficiaries of her late She particularly stated that both GTB and Datamax Registrar Limited received these contrary instructions from the Proxies and acted upon same. Tayo Aderinokun's net worth We recommend you to check the complete list of Famous People born on 8 May. At the resumed hearing of the suit Tuesday, the Gunma/Fujioka Edition ni Nonoko Egawa. entitle to the rights of her late fathers shares (issued by GTBank), held in Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. View popular celebrities life details, birth signs and real ages. A bank he nursed from an idea into an internationally recognised brand. The institution he co-founded is perennially . The bank has also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone and Ghana. Tayo Aderinokun died on the 14th of June, 2011. 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. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. 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 . executors of his estates. fathers estate), as at the time of his death on June 14, 2011. He was presented with the African Person of the Year award. His net worth has been growing significantly in 2021-2022. Our site uses cookies. I finished my MBA at UCLA and I came back to Nigeria. This page was last edited on 1 December 2022, at 09:37. 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. 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. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and court that it had filed an affidavit of facts before to assist the court in the Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. However, Olumide Aju, lawyer representing He received many awards for his outstanding leadership, including many others for GTB. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. After his training at the ICAN Institute, he worked for some time in the public sector where he eventually rose to the position of the first Chairman of the National Pension Commission in Nigeria. She also averred that during the lifetime of her He went on to work for Chase Merchant Bank Nigeria Limited (later Continental Merchant Bank) between 1981 and 1988. 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. deposed to by one Mike Okoh, he averred that contrary to the averment of the Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. The banks assets as of Q1 2020 was N4. . 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 . At 56 years old, Tayo Aderinokun height not available right now. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. 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. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. 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 . To address comments or complaints, please Contact us. And he took on the challenge fantastically well. He is a member of famous Banker with the age 56 years old group. Aderinokun, against the bank and six others over alleged manipulation of her Discover today's celebrity birthdays and explore famous people who share your birthday. It was during this period that he forged an unfettered friendship and brotherly bond with Adeola. Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. 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. whom were granted Probate on February 16, 2012. 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. 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. 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 . Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. Paubos na kasi. 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. He is from Nigeria. Also learn how He earned most of networth at the age of 56 years old? See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. 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. For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. 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 . 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. However, Justice Mohammed Idris has fixed this week for the hearing of the suit. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . 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 As we grew up, Tayo always shared his lifes desires with me. among other corporate structures, rather than holding these assets directly in His father was a technician who worked for the Nigerian Railway Corporation. 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. accruing to her late fathers shares held in his name, and the names of the 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. His death reverberated through the entire banking and finance industry. Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. Others respondents in the ensuing legal battle are Vanguard News, Sports and Business from vanguard Newspapers Aderinokun had an interesting childhood. the names of the proxies, was done in dishonest assistance of the breach of 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! And he would laugh, and reply, wait until I get it.. Haha Baka may alam kayo san pwede makabili nitong ointment na ito. 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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. 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. 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. While his mother would send Fola and his siblings hawking to augment the family income. And an account Tayo Ricci's biography. Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare 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. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said His wife is Funlola Aderinokun and 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. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. father, he had a peculiar manner of acquiring his assets, using the Proxies, 20 years, stillworking. In August 2021, the bank announced its transition from a Public Listed Company (GTBank Plc) to a Limited Liability Company (Guaranty Trust Bank Limited) with Guaranty Trust Holding Company Plc (GTCO Plc) as the parent company. 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. Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. 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. in the name of the three companies, which by his Will, indicated that his 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 built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. cannot be placed within the realm of any law. For late Tayo Aderinokus wife, Salamatu, new lease of life. GTBanks shares held in the names of three companies be distributed equally by And it was something I did very well.. 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. Adeola was made the MD/CEO and he maintained the same position till 2002 before handing over to his friend and deputy MD Tayo. LATE GTB GMD, MR TAYO ADERINOKUN. Please try again later. 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. Now, we are going into a new phase which may be for me more challenging, because I have to play 2 roles. 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. You can subscribe by visiting our subscription page. Notify me of follow-up comments by email. 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. 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. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. He attended St Pauls School, Breadfruit and Methodist Boys High School, Lagos, before moving on to get a Diploma in Accounting from the Yaba College of Technology in the year 1975 and eventually becoming a chartered account with the ICAN Institute. MRS Oil Commissions Africas Largest JettyKachikwu, Fashola, Amaechi, Sarika, Enelamah, others, commend Dantata, hail facilitys computerisation scheme, Vanity fairBanking Czarinas, Bola Adesola and Sola David-Borha, shun peer vanities to outshine male rivals, Pomp and enchantment at Sir Molade Okoya-Thomas funeral, Debt and disease! He received many awards for his outstanding leadership, including many others for GTB using the Proxies, 20,... 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