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. Why billionaire housewives dread them. 20 years, stillworking. 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. Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. (GTB). [2] [3] [4] She is Nigeria's first female Google Developer Expert. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Learn How rich is He in this year and how He spends money? Others respondents in the ensuing legal battle are He is not the flash friend, the one everyone wants to copy and follow around. GTBanks. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. 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. He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. Graeys, averred that upon the death of her father, he gave legacies and This page was last edited on 1 December 2022, at 09:37. of the exact dividends due to the joint executors/trustees of her late fathers personal accounts-. through the companies. 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. Late Mr. Tayo Aderinokun. Haha Baka may alam kayo san pwede makabili nitong ointment na ito. 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. Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! And it was something I did very well.. 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. In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. 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. 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. Parang mukha ni Jessica Soho pero hindi, saka thai yung nakasulat. [2][3][4]She is Nigeria's first female Google Developer Expert. I finished my MBA at UCLA and I came back to Nigeria. Your email address will not be published. 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! Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. His father was a technician who worked for the Nigerian Railway Corporation. 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. Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. Tayo Aderinokun died on the 14th of June, 2011. [1] [2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. You have selected an article from the AllAfrica archive, which requires a subscription. 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. Specific Performance of the implied contract between her late father, Olutayo 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. Guaranty Trust Bank has grown into one of the biggest and most profitable corporations in Nigeria. 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. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. 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. Two very important objectives he always emphasized. accruing to her late fathers shares held in his name, and the names of the Limited (being shares/Properties held in trust of the beneficiaries of her late [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Fola Adeola was born in Nigeria on the 1st of January 1954. his lifetime but only him ran the affairs of the companies. Copyright 2023 - Startup Tips Daily Media. See Also: Biography & Success Story Of Sani Bello: Founder Of Amni International. Funlola Aderinokun and She declared that none of the proxy companies set up by her late father for the acquisition of his personal assets, were ever run or managed as separate entities during his lifetime, rather all the assets held in the name of the proxy companies were purchased directly using her late fathers funds, and none of the said proxies ever operated independent bank accounts. Get the latest in African news delivered straight to your inbox. By subscribing, you're accepting to receive promotions. Old childhood friend. 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. What He Told City People Before He Died 6 Years Ago. Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. In the particulars of the affidavit of facts [3] [5][6][7][8], Ire is from Ogun state, Nigeria. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. The deponent averred further that other See Tayo Aderinokun's compensation, career history, education, & memberships. in the name of the three companies, which by his Will, indicated that his 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. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. 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. And a partnership, coupled with a dream and the zeal to bring it to reality, is a great way to shoot for the stars. Learn how your comment data is processed. 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. Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. Your email address will not be published. the children of late Olutayo Aderinokun were fully aware of the deceased assets GTBank were held in his name and the names the three companies, Kanali You can subscribe by visiting our subscription page. 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. 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. He served and is still functioning at national and international levels, on various committees and corporate boards. Also learn how He earned most of networth at the age of 56 years old? 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. protecting strategy via corporate vehicles. The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. [10][11], Ire is a self-taught frontend developer and user interface designer. [9] Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and 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 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. 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. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. entitle to the rights of her late fathers shares (issued by GTBank), held in Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. The late Tayo Aderinokun was a wealthy man in | 271 comments on LinkedIn The late Tayo Aderinokun was a wealthy man in his lifetime. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. 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. We recommend you to check the complete list of Famous People born on 8 May. personal incomes, as he used his personal incomes to purchase assets in the vehicles used by late Aderinokun, to acquire shares in GTBank, informed the There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. For late Tayo Aderinokus wife, Salamatu, new lease of life. Aderinokun, against the bank and six others over alleged manipulation of her However, Olumide Aju, lawyer representing She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. 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. Save my name, email, and website in this browser for the next time I comment. I Want Neusroom By Mail Tags To address comments or complaints, please Contact us. He then became the Managing Director, a position he held until his passing. 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! The bank has also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone and Ghana. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. Net Worth in 2022. 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. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. fathers estate), as at the time of his death on June 14, 2011. 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. He was presented with the African Person of the Year award. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said He is not the flash friend, the one everyone wants to copy and follow around. 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. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. 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. 06 trillion (over $10 billion). One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). He later became the Managing Director of the bank following the resignation of Co-founder, Fola Adeola and maintained the position until his death in June 2011. The plaintiff is also seeking a court declaration that the recognition of the proxies by the defendants, as being beneficially entitle to the rights of her late fathers shares (issued by GTBank), 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. hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . Paubos na kasi. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). 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. 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. 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 plaintiff, in her statement of claim filed proxies as being the beneficial owners of the rights accruing to the shares Gunma/Fujioka Edition ni Nonoko Egawa. Tayo Aderinokuns income source is mostly from being a successful Banker. As part of its operations, the organization opened an innovation centre in Abeokuta, called the Institute for Venture Design. that the recognition of three limited liability companies Kanali Investments . "By the power vested in me, I now pronounce you husband and wife. There was a problem processing your submission. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). He added that the Letter of Administration issued to the Executors of Aderinokuns Will is only in respect of Estates and shares personally owned by the deceased. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. ISD-109 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! directive to his two wives and four children and her late father also appointed 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. I would ask him, often, what would you do with such wealth? 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. GTBank and other defendants in the suit from cknowledging/recognising the Your email address will not be published. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. Ire Aderinokun is a Nigerian front end developer and Google developer expert. 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. 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. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. 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. shareholders and board of directors of the above mentioned companies 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. GTBank, held in the proxies names and in the name of her late father, Olutayo constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and The issues regarding the distribution of his He then became the Managing Director, a position he held until his passing. See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. , Isah is Dead, Ifeoma Fafunwas Hear Word awards is the recognition of a officer. 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