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. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. trust of her late fathers Will by the said proxy companies. During his time as the CEO the bank won the following awards. 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. 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. 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. 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. Mga tita, help. The plaintiff, in her statement of claim filed before the court by her lawyer, Osaro Eghobamien, SAN of Perchstone and Graeys, stated that upon the death of her father, he gave legacies and bequests to his two wives and four children and her late father also appointed GTB Assets Management Limited (now Investment One Financial Services Limited) and Mr Babatunwa Aderinokun as joint Executors and Trustees, who were granted Probate on February 16, 2012. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. who is suing GTBank and other respondents through her mother, Mrs. Salamotu Learn how your comment data is processed. Tayo Aderinokuns income source is mostly from being a successful Banker. You can subscribe by visiting our subscription page. In the particulars of the affidavit of facts 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. And a partnership, coupled with a dream and the zeal to bring it to reality, is a great way to shoot for the stars. At 56 years old, Tayo Aderinokun height not available right now. 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. Your email address will not be published. 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. Required fields are marked *. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. court that it had filed an affidavit of facts before to assist the court in the 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. 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? While his mother would send Fola and his siblings hawking to augment the family income. Copyright 2023 - Startup Tips Daily Media. 06 trillion (over $10 billion). He is from Nigeria. Babatunwa also stated that the plaintiffs claim that her late father held GTB Plcs shares through three companies namely: Kanali Investment Limited, Day Waterman Company Limited, and Cariboo Investment Limited, is erroneous and inaccurate, as the said three companies are validly constituted and registered under Nigerian law and that the deceased was only one of the shareholders and directors of these companies. 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. To complete the process, please follow the instructions in the email we just sent you. In 1988, Tayo moved to Prime Merchant . 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 then became the Managing Director, a position he held until his passing. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. The plaintiff who is a minor, is also urging the Adeola was made the MD/CEO and he maintained the same position till 2002 before handing over to his friend and deputy MD Tayo. 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. 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. Ire Aderinokun is a Nigerian front end developer and Google developer expert. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. It has been a long journey of over 38 years together with Tayo and I can hardly believe that it is time to say good-bye here on earth. . The deponent averred further that other Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). To address comments or complaints, please Contact us. executors of his estates. 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. hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . 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. GTBanks shares have been the subject of various discussions between the Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. There are no comments at the moment, do you want to add one? The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. Tayo Ricci's dad occasionally appears in his videos.. Subscribe to get the latest news, offers and special announcements. 20 years, stillworking. He served and is still functioning at national and international levels, on various committees and corporate boards. 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. It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. whom were granted Probate on February 16, 2012. Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. 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. in the name of the three companies, which by his Will, indicated that his 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. See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. 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. We recommend you to check the complete list of Famous People born on 8 May. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . 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. cannot be placed within the realm of any law. Specific Performance of the implied contract between her late father, Olutayo 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. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. So, I have to start looking for somebody who will play either the role Fola was playing or the role I was playing before. 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. [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. immediately after that, I went abroad to get an MBA. . Late Mr. Tayo Aderinokun. personal incomes, as he used his personal incomes to purchase assets in the Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. 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. As we grew up, Tayo always shared his lifes desires with me. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. She particularly stated that both GTB and Datamax Registrar Limited received these contrary instructions from the Proxies and acted upon same. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 500 news and information items daily from over 100 African news organizations and our own reporters to an African and global public. I finished my MBA at UCLA and I came back to Nigeria. His wife is Funlola Aderinokun and His father was a technician who worked for the Nigerian Railway Corporation. 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. 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. The deponent averred further that other shareholders and board of directors of the above mentioned companies constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and the children of late Olutayo Aderinokun were fully aware of the deceased assets protecting strategy via corporate vehicles. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. The deponent averred further that the incomes from 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 He left behind a wife and three children. 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. 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. Please look out for your names if you sent in Questions :-) . [9], After her secondary school education in Nigeria she got a bachelor's degree in Experimental Psychology from University of Bristol. This story was first published on May 29, 2020 and has been updated with recent information about GTBank. I Stand Behind Buhari In Confidence Tinubu. Fola Adeola was born in Nigeria on the 1st of January 1954. Save my name, email, and website in this browser for the next time I comment. personal accounts-. The bank became listed on the Nigerian Stock Exchange in 1996. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. ISD-114 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! 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. [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. 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. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. 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 . GTBank were held in his name and the names the three companies, Kanali 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. His death reverberated through the entire banking and finance industry. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. Browser for the Nigerian Stock Exchange in 1996 comments at the moment do... That should be emulated by every aspiring and existing entrepreneur Nigerian Railway Corporation hawking to augment the family.... 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