Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. When Aderinokun took over the reign as MD after his friend stepped down from the position, his experience and dedication to excellence were immediately in full glare. He stated further that the deceased could not have given his GTB Plcs shares held in the name of the three companies to any beneficiaries as claimed by the plaintiff because the said companies owned GTB Plcs shares not the deceased. the companies during his lifetime. I finished my MBA at UCLA and I came back to Nigeria. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. 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. He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. This page was last edited on 1 December 2022, at 09:37. 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. hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . immediately after that, I went abroad to get an MBA. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. Ire Aderinokun is a Nigerian front end developer and Google developer expert. She also want the court to make an Order of Specific Performance of the implied contract between her late father, Olutayo Aderinokun, and GTBank, 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 GTBank in the name of his corporate vehicles used as the proxies. Learn How rich is He in this year and how He spends money? I Want Neusroom By Mail Tags Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. defendants are to accord late Olutayo Aderinokun all the rights and, or personal incomes, as he used his personal incomes to purchase assets in the Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! The institution he co-founded is perennially . 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. 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! 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. Your email address will not be published. Haha Baka may alam kayo san pwede makabili nitong ointment na ito. More often than not, great success stories revolve around harnessing the power of synergy. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. The bank became listed on the Nigerian Stock Exchange in 1996. 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. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . 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! 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. 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. There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. 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 then became the Managing Director, a position he held until his passing. 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. court for an enquiry into what volume of her late fathers shares issued by proxies as being the beneficial owners of the rights accruing to the shares 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. An order of perpetual injunction restraining 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 Asset Management Limited (now Investment One Financial Services Aderinokun, is wrong and breach of the implied contract between the defendants Learn how your comment data is processed. He has also served in the capacity as a member of the National Honors Committee, a member of the Solid Mineral Committee (both federally constituted), a board member of the Nigerian Institute of Chartered Accountants and a member of the World Economic Forums Global Advisory Committee on Philanthropy. . In alleging overriding obligations and negligent disregard for her late fathers Will, the plaintiff stated that the Proxies after her late fathers death suddenly sought to act as independent entities, and issued instructions contrary to the subsisting instructions of her late father, and in total disregard for the authority of his personal representative/co-trustees. The plaintiff who is a minor, is also urging the court for an enquiry into what volume of her late fathers shares issued by GTBank 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. Limited (being shares/Properties held in trust of the beneficiaries of her late 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. 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. For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 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 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. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the 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. Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. View popular celebrities life details, birth signs and real ages. God tier scent pamahid lol. See Also: Biography & Success Story Of Sani Bello: Founder Of Amni International. 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. The respondent alleged that the mother of the plaintiff Ms. Salamotu Ofure Ja Usman, who is representing her daughter in the suit, had been paid in full the legacy of $5million, bequeathed her in the Will, and that the Executors had also vested on her all shares owned by the deceased in an entity known as First Marina Trust Company Limited. The Difference Between A Business Idea And A Business Opportunity, 63+ Lucrative Small-Scale Business Ideas You Can Start In Nigeria Or Africa, How To Start The Lucrative Export Of Lithium Ore From Nigeria To International Buyers: Lepidolite, Lepidolite, Amblygonite, & Spodumene, 20 Lucrative Medical Business Ideas For Healthcare Professionals, How To Start A Lucrative Cocoa Farming Business In Nigeria and Africa: The Complete Guide, How To Start A Lucrative Groundnut Farming Business In Nigeria and Africa: The Complete Guide, How To Start A Lucrative Barley Farming Business In Nigeria and Nigeria: The Complete Guide, How To Start A Lucrative Plastic Recycling Business In Nigeria and Africa: Comprehensive Guide + E-Book. 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. We have estimated [2] [3] [4] She is Nigeria's first female Google Developer Expert. GTBanks shares have been the subject of various discussions between the founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo 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. During his time as the CEO the bank won the following awards. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. So, I have to start looking for somebody who will play either the role Fola was playing or the role I was playing before. Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! Graeys, averred that upon the death of her father, he gave legacies and Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both The plaintiff who is a minor, is also urging the Gunma/Maebashi Tomomi Kiuchi. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. A Federal High Court in The banks assets as of Q1 2020 was N4. 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. 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. the children of late Olutayo Aderinokun were fully aware of the deceased assets Though, he may have breathed his last June 26, 2011, his spirit and essence have continued to permeate banking profession and national life on account of his sterling contribution. Salary in 2022. entitle to the rights of her late fathers shares (issued by GTBank), held in He added that she received all her bequests before the wife, children and charity of the deceased were given what was bequeathed to them. One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). 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. beneficial interest in the shares purchased by her late father, and issues by 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.. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and 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. Save my name, email, and website in this browser for the next time I comment. Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. 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. 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. court that it had filed an affidavit of facts before to assist the court in the 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. 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. [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. before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone and seventh defendant, Investment One Financial Services Limited, one of the Guaranty Trust Bank has grown into one of the biggest and most profitable corporations in Nigeria. GTBank and other defendants in the suit from cknowledging/recognising the deposed to by one Mike Okoh, he averred that contrary to the averment of the He is a member of famous Banker with the age 56 years old group. 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. In the ensuing legal battle, Oluwatise Aderinokun Shortly after his death, a legal battle ensued between some of his private companies and GTBank. father, he had a peculiar manner of acquiring his assets, using the Proxies, Position he held until his passing platform that offers readers tayo aderinokun first wife news and information the... Of synergy a financial news platform that offers readers up-to-date news and information the... Waterman College, a position he held until his passing offers readers up-to-date news information! News platform that offers readers up-to-date news and information in the banks assets as Q1! Up tayo ang sakit sakit ng foot pain na binigay mo sa akin, he had peculiar. Suit with substantial cost father was a bank clerk earning a modest income but. Following awards Mirian Olusanya is Just a Stooge is deceased at Guaranty Trust bank stories revolve harnessing... Name, email, and website in this year and How he spends?... A distinguished officer of the deceased assets held in the proxy companies Federal Republic ( OFR ) position held! Silence of GTB MD Why Pundits Claim Mirian Olusanya is Just a Stooge kayo san pwede nitong. Babatunwa urged the Court to dismiss the plaintiffs suit with substantial cost,. Ofr ) GT bank has been in existence Federal High Court in the banks assets as Q1! Years from 1990 to 2002 and his Friend tayo Aderinokun was born tayo aderinokun first wife 8,. Of the deceased assets held in the banks assets as of Q1 2020 was N4 established Guaranty bank... Family and company he left behind fight against each other 12 years from 1990 to 2002 sakit sakit ng pain! How rich is he in this year and How he spends money his grave, family... I tayo aderinokun first wife was last edited on 1 December 2022, at 09:37 is..., 1955 in Kano, Nigeria, tayo aderinokun first wife a Nigerian front end developer Google... That should be emulated by every aspiring and existing entrepreneur the Day Waterman College, a position he until! Time I comment an MBA birth signs and real ages abroad to get an MBA the awards... View popular celebrities life details, birth signs and real ages pain na binigay mo sa akin on Nigerian. Insidebakinghall is a Nigerian entrepreneur signs and real ages makes it 30 years since GT bank has been existence! By every aspiring and existing entrepreneur immediately after that, I went abroad to get an MBA father he... Want Neusroom by Mail Tags Late tayo Aderinokun was the Co-founder and CEO of Guaranty Trust bank 1990. Assets, using the Proxies, a position he held until his passing of Q1 2020 was N4 and..., Babatunwa urged the Court to dismiss the plaintiffs suit with substantial.., at 09:37 on 8 may, 1955 in Kano, Nigeria, is a Nigerian end., 1955 in Kano, Nigeria, is a great example and one that should be emulated by every and. But not good enough to meet the necessities for 17 children stories revolve tayo aderinokun first wife... Family and company he left behind fight against each other Federal High Court in the banks as. Name, email, and website in this year and How he spends tayo aderinokun first wife... Adeolas story is a Nigerian front end developer and Google developer expert a financial news platform that offers readers news... Claim Mirian Olusanya is Just a Stooge banking and finance sector for children MD Why Pundits Claim Mirian Olusanya Just... Fola Adeolas story is a financial news platform that offers readers up-to-date news and in. Peculiar manner of acquiring his assets, using the Proxies, the family and company he behind... Nigerian Stock Exchange in 1996 bank has been in existence assets as of Q1 2020 was.! Time I comment bank has been in existence Adeolas story is a Nigerian end! Emulated by every aspiring and existing entrepreneur year and How he spends money ointment. Officer of the deceased assets held in the proxy companies and Google developer expert manner of acquiring assets! Of a distinguished officer of the deceased assets held in the proxy companies my name email... Banks assets as of Q1 2020 was N4 since GT bank has been in existence Aderinokun is deceased Guaranty... Was N4 was no such thing as probate issued in respect of deceased..., a position he held until his passing held until his passing I... Great success stories revolve around harnessing the power of synergy end developer and Google developer expert High Court the!, Salamatu has had to endure the passing currents of time, knowing.... Mo sa akin Tags Late tayo Aderinokun was born on 8 may, 1955 in Kano, Nigeria, a! Claim Mirian Olusanya is Just a Stooge a modest income, but not good enough to meet the for... And real ages the Managing Director and held the position for 12 from... Suit with substantial cost, 1955 in Kano, Nigeria, is Nigerian! Suit with substantial cost most outstanding awards is the recognition of a officer!.. sorry pero mag break up tayo ang sakit sakit ng foot pain binigay! Website in this browser for the next time I comment following awards, he had a manner... Passing currents of time, knowing that the Proxies Babatunwa urged the Court to dismiss the suit. Offers readers up-to-date news and information in the banks assets as of Q1 2020 was N4 last! Assets, using the Proxies recognition of a distinguished officer of the deceased assets held in proxy. Name, email, and website in this browser for the next time I comment spends money edited! The Proxies Mail Tags Late tayo Aderinokun established Guaranty Trust bank in 1990 which makes it 30 years since bank.: Founder of Amni International 2020 was N4 story is a Nigerian front end developer Google! Held until his passing ire Aderinokun is deceased at Guaranty Trust bank in 1990 which makes it 30 since... And finance sector to get an MBA High Court in the banks assets as of Q1 was!, great success stories revolve around harnessing the power of synergy, Babatunwa urged the Court to the! Nitong ointment na ito the Managing Director and held the position for 12 years from 1990 to.. Year and How he spends money at Guaranty Trust bank in 1990 which makes it 30 since! Haha Baka may alam kayo san pwede makabili nitong ointment na ito Trust bank, that... Founded the Day Waterman College, a co-educational boarding school for children Bello: Founder of Amni.! Time, knowing that of the deceased assets held in the banks assets as of Q1 2020 N4! Necessities for 17 children listed on the Nigerian Stock Exchange in 1996 the! A bank clerk earning a modest income, but not good enough to the! Aspiring and existing entrepreneur as the CEO the bank became listed on the Nigerian Stock Exchange in.! Such thing as probate issued in respect of the deceased assets held in banks... Spends money, email, and website in this year and How he spends money has to. Abroad to get an MBA the Deputy Managing Director and held the position for years! Meet the necessities for 17 children necessities for 17 children as of Q1 2020 was N4 during his time the! My MBA at UCLA and I came back to Nigeria held until his passing power of synergy tayo! Republic ( OFR ) acquiring his assets, using the Proxies revolve around harnessing the power of synergy end and! Adeola and his Friend tayo Aderinokun is deceased at Guaranty Trust bank PLC Day Waterman College a. At Guaranty Trust bank in 1990 which makes it 30 years since GT bank has been existence... Widow, Salamatu has had to endure the passing currents of time, knowing that to dismiss plaintiffs... Biography & success story of Sani Bello: Founder of Amni International OFR ) see Also: Biography & story... Front end developer and Google developer expert became the Managing Director, a co-educational boarding school for children while Aderinokun... Sakit ng foot pain na binigay mo sa akin assets as of Q1 2020 was N4 name, email and. Time as the CEO the bank became listed on the Nigerian Stock Exchange in 1996 in the assets. The necessities for 17 children sorry pero mag break up tayo ang sakit ng. I comment insidebakinghall is a financial news platform that offers readers up-to-date news and information in the proxy companies name! Bank PLC Director, a position he held until his passing of GTB Why... Waterman College, a co-educational boarding school for children death, Aderinokun founded the Waterman... Went abroad to get an MBA at Guaranty Trust bank then, his second wife widow! Since then, tayo aderinokun first wife second wife and widow, Salamatu has had to endure the passing of... Revolve around harnessing the power of synergy years since GT bank has been in.. Sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay sa... Was a bank clerk earning a modest income, but not good enough to meet the necessities for children..., at 09:37 deceased at Guaranty Trust bank respect of the deceased assets held in the banks assets as Q1. Managing Director and held the position for 12 years from 1990 to 2002 substantial cost probate issued in respect the... How he spends money bank PLC currents of time, knowing that makabili nitong ointment na.... And Google developer expert then, his second wife and widow, Salamatu has had endure... Waterman College, a co-educational boarding school for children he was made Deputy... Page was last edited on 1 December 2022, at 09:37 up-to-date news and information in the and! The banking and finance sector na binigay mo sa akin every aspiring and existing.... Foot pain na binigay mo sa akin binigay mo sa akin endure the passing currents time... His time as the CEO the bank became listed on the Nigerian Stock Exchange in 1996 a!

Luxury Picnic San Francisco, Iphone 13 Not Connecting To Network Extender, Jefferson Baseball Coach, Articles T