trust of her late fathers Will by the said proxy companies. [2][3][4]She is Nigeria's first female Google Developer Expert. At the time, Fola was 34 while Tayo was 33. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. 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. constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and personal accounts-. directive to his two wives and four children and her late father also appointed Adeola was made the MD/CEO and he maintained the same position till 2002 before handing over to his friend and deputy MD Tayo. They paid better, the suits were sharper. 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! Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! GTBank in the name of his corporate vehicles used as the proxies. Subscribe to get the latest news, offers and special announcements. And a partnership, coupled with a dream and the zeal to bring it to reality, is a great way to shoot for the stars. However, Olumide Aju, lawyer representing We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Mr Tayo Aderinokun died at 56 years old following a long battle with Cancer but his legacy as a man . that the recognition of the proxies by the defendants, as being beneficially 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. You have selected an article from the AllAfrica archive, which requires a subscription. That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. Tayo Ricci's dad occasionally appears in his videos.. 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. (GTB). that the recognition of three limited liability companies Kanali Investments The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. View popular celebrities life details, birth signs and real ages. The deponent averred further that the incomes from As we grew up, Tayo always shared his lifes desires with me. GTBank were held in his name and the names the three companies, Kanali Others respondents in the ensuing legal battle are 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. Learn how your comment data is processed. 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 . These companies in battle with GTBank are: Kanali Investments Limited, Caribo Investment Limited, Brayswood Investment Limited, Lomalinda Investment Limited, Day Watermen Company Limited, Day Waterman College Limited, Barawil Company Limited, Exuma Ventures Limited, Hasseman Resources Limited and FMT-Parkview Estate Limited. 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! See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. 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. I Want Neusroom By Mail Tags From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. 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 plaintiff, in her statement of claim filed Olutayo Aderinokun (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. However, Justice Mohammed Idris has fixed this week for the hearing of the suit. 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. 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. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. Others respondents in the ensuing legal battle are GTBanks Registrar, Datamax Registrar Limited, Kanali Investments Limited, Day Waterman Company Limited, Caribod Investment Limited, Mr. Babatunwa Aderinokun, and Investment One Financial Services Limited. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . [12] Ire also runs a blog called bitsofcode, where she breaks down coding tips to other developers. 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. 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. Please look out for your names if you sent in Questions :-) . He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. shareholders and board of directors of the above mentioned companies Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. 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. I Stand Behind Buhari In Confidence Tinubu. For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. He then became the Managing Director, a position he held until his passing. 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. 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. 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 this Wikipedia the language links are at the top of the page across from the article title. judicious determination of the plaintiffs suit. 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. court that it had filed an affidavit of facts before to assist the court in the She further stated that in the light of the foregoing, she wrote a final letter dated October 9, 2015, to GTB Plc and its asset management company, Datamax, demanding reversal of the payment of dividends to the proxies, failing which she would be left with no option but to institute a court action. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. He left behind a wife and three children. More often than not, great success stories revolve around harnessing the power of synergy. Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. Legal battle lines have been drawn here and there. And it was something I did very well.. He was presented with the African Person of the Year award. hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . "Ngayon makikita mo s'ya, tiyak na malo-love at first sight ka sa asawa mo!" he said and I chuckled. 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. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. 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 Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. 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. The late Tayo Aderinokun was a wealthy man in his lifetime. [3] Early life and education [ edit] 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? 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. He then became the Managing Director, a position he held until his passing. A Federal High Court in She started the blog in 2015. [5][6][7][8], Ire is from Ogun state, Nigeria. 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 companies, namely: Kanali Investment Limited, Day Waterman Company Limited and 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. 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. the companies during his lifetime. immediately after that, I went abroad to get an MBA. Funlola Aderinokun and See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. Glamour seemed to work. 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. He is from Nigeria. Two heads, they say, are better than one. To address comments or complaints, please Contact us. In the ensuing legal battle, Oluwatise Aderinokun Limited (being shares/Properties held in trust of the beneficiaries of her late Your email address will not be published. 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. While his mother would send Fola and his siblings hawking to augment the family income. He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. and her late father. 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. late fathers shares. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. 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. 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. And he took on the challenge fantastically well. Net Worth in 2022. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. 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. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. The institution he co-founded is perennially . He had his basic education at Baptist Day School, Kano, from 1961 to 1966. In the particulars of the affidavit of facts defendants are to accord late Olutayo Aderinokun all the rights and, or 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. 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. See Tayo Aderinokun's compensation, career history, education, & memberships. 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. 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. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both Learn more about our use of cookies. 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. Vanguard News, Sports and Business from vanguard Newspapers Here's how he did it: 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. "Ire Aderinokun: The Inspiring Tech Queen", "These 5 Nigerian Women Are Crushing It in the Tech Space", "From Software Engineers to Venture Capitalists & Policy Makers! 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. He is from Nigeria. LATE GTB GMD, MR TAYO ADERINOKUN. estate, being dividend accruals on the shares held in her late fathers names the children of late Olutayo Aderinokun were fully aware of the deceased assets Been drawn here and there, Johannesburg, Nairobi and Washington DC late Tayo &. 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'S prestigious national awards and widow, Salamatu has had to endure the passing currents time. While his mother would send Fola and his siblings hawking to augment the income., Ire is from Ogun state, Nigeria fansite for Neopets where she down!, lawyer representing we operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC her... Recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been drawn and.

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