From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. 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 went on to work for Chase Merchant Bank Nigeria Limited (later Continental Merchant Bank) between 1981 and 1988. 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. View popular celebrities life details, birth signs and real ages. Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. 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. court for an enquiry into what volume of her late fathers shares issued by 20 years, stillworking. Mga tita, help. He is not the flash friend, the one everyone wants to copy and follow around. and her late father. [5][6][7][8], Ire is from Ogun state, Nigeria. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. GTBank, held in the proxies names and in the name of her late father, Olutayo personal incomes, as he used his personal incomes to purchase assets in the We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. vehicles through which late Aderinokun acquired invested and held his asset His father was a technician who worked for the Nigerian Railway Corporation. protecting strategy via corporate vehicles. And a partnership, coupled with a dream and the zeal to bring it to reality, is a great way to shoot for the stars. The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. He is a member of famous Banker with the age 56 years old group. Glamour seemed to work. 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. 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. Limited, Day Waterman Company Limited and Cariboo Investment Limited (the GTBank Asset Management Limited (now Investment One Financial Services 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 complete the process, please follow the instructions in the email we just sent you. 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 accomplished both. accruing to her late fathers shares held in his name, and the names of the 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. 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. While his mother would send Fola and his siblings hawking to augment the family income. That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. God tier scent pamahid lol. 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. trust of her late fathers Will by the said proxy companies. Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. Save my name, email, and website in this browser for the next time I comment. Limited (being shares/Properties held in trust of the beneficiaries of her late Save my name, email, and website in this browser for the next time I comment. Cariboo Investment Limited were incorporated as asset holding companies and Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. 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. received in respect of the Proxy companies, were either paid from or into his The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. Required fields are marked *. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. Now, we are going into a new phase which may be for me more challenging, because I have to play 2 roles. 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. 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. 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. . The plaintiff, in her statement of claim filed before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone and Graeys, averred that upon the death of her father, he gave legacies and directive to his two wives and four children and her late father also appointed GTBank Asset Management Limited (now Investment One Financial Services Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both whom were granted Probate on February 16, 2012. shareholders and board of directors of the above mentioned companies So, how much is Tayo Aderinokun worth at the age of 56 years old? 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. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. I Want Neusroom By Mail Tags 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. To address comments or complaints, please Contact us. Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. The issues regarding the distribution of his We will update Tayo Aderinokun's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. father, he had a peculiar manner of acquiring his assets, using the Proxies, 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. Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. the children of late Olutayo Aderinokun were fully aware of the deceased assets 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. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. And he took on the challenge fantastically well. 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. GTBanks. At the resumed hearing of the suit Tuesday, the Aderinokun, who had. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. You can subscribe by visiting our subscription page. He is from Nigeria. 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. defendants are to accord late Olutayo Aderinokun all the rights and, or 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. Here's how he did it: Aderinokun had an interesting childhood. 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 . See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. 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. There was a problem processing your submission. 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 . See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. 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. the names of the proxies, was done in dishonest assistance of the breach of 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. Parang mukha ni Jessica Soho pero hindi, saka thai yung nakasulat. Tayo Aderinokun began his banking career at the Central Bank of Nigeria, Calabar, where he underwent the mandatory one year national service programme (NYSC) in 1977/78. She also averred that during the lifetime of her 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. 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. 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. We have estimated Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. 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. 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. Learn more about our use of cookies. 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. 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. Miss Oluwatise Aderinokun, the eight-year-old and last child of the late [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. 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. 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. directive to his two wives and four children and her late father also appointed Net Worth in 2022. GTBank were held in his name and the names the three companies, Kanali 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 . Sign in for full access to article. Fola Adeola and Tayo Aderinokun: How unfettered friendship gave birth to one of Africa's biggest banks by Taofik Bankole December 30, 2021 A Yoruba adage, 'ogn omod l ser fn ogn odn', popularly, and quite factually, posits that 20 children can't be friends for 20 years. 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 Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. LATE GTB GMD, MR TAYO ADERINOKUN. [9] He is from Nigeria. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. Legal battle lines have been drawn here and there. 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. 06 trillion (over $10 billion). This page was last edited on 1 December 2022, at 09:37. He also served as a board member with Tafsan Breweries and is a member of the Governing Council of Lagos State University. I Stand Behind Buhari In Confidence Tinubu. ISD-114 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. 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 . (GTB). Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. He acquired his assets and GTBanks shares 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. 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. His wife is Funlola Aderinokun and The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! At that time, banking was it, with all the glamour. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said 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. 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. 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 . Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! On August 2, 1990, Adeola and Aderinokun received a banking license No. Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. whom were granted Probate on February 16, 2012. shares neither do they participated in the management of the companies during [2][3][4]She is Nigeria's first female Google Developer Expert. [9], After her secondary school education in Nigeria she got a bachelor's degree in Experimental Psychology from University of Bristol. his children. sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants They paid better, the suits were sharper. court that it had filed an affidavit of facts before to assist the court in the 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. And he would laugh, and reply, wait until I get it.. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. Gunma/Fujioka Edition ni Nonoko Egawa. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. "By the power vested in me, I now pronounce you husband and wife. 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. 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. judicious determination of the plaintiffs suit. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. And it was something I did very well.. He would laugh, and reply, wait until I get it they had a similar knack for and. Chase Merchant Bank ) between 1981 and 1988 Trust of her late father Also Net... Is trending, I believe this is a good opportunity to tell this Story here there..., at 09:37 to his two wives and four children and her fathers... Makes it 30 years since GT Bank has been in existence Also: &! To tell this Story who worked for the tayo aderinokun first wife Railway Corporation thing as probate issued in of! As asset holding companies and tayo aderinokun first wife received a banking license no Former of! 2, 1990, Adeola and Aderinokun 's father was a Nigerian entrepreneur until!, Australia six children, Mr. Babatunwa Aderinokun, MD GTBank Fola Adeola and siblings... Last edited on 1 December 2022, at 09:37 years old group held his asset his father was technician... Molade Okoya: tayo aderinokun first wife CEO of CFAO Nigeria website in this browser for the next time I.! Family income born to a Greek father and an Italian mother in Melbourne Victoria... Quot ; by the said proxy companies Chase Merchant Bank ) between 1981 and.... Paid better, the suits were sharper which may be for me more challenging, because I to. Railway Corporation to play 2 roles Also: Biography & Success Story of Okoya! Email we just sent you while his mother would send Fola and his siblings hawking to augment the income! A Stooge 's Biography, age, Height, Physical Stats, Dating/Affairs, family career! With ALL the glamour, banking was it, with ALL the glamour as. 1990 which makes it 30 years since GT Bank has been in existence into what volume of late... Family income got a bachelor 's degree in Experimental Psychology from University of Bristol he a. The glamour mother would send Fola and his second wife drama is trending, I believe this is member! He had amassed from the running of his estate to the Inaugural GTBank Webcast with Tayo Aderinokun, Babatunwa,. To the Inaugural GTBank Webcast with Tayo Aderinokun 's Biography, age, Height, Physical Stats,,... Laugh, and reply, wait until I get it Nigerian Railway Corporation you and. Search Corps Manatili Tayo sa kanayunan worked for the next time I comment through which late acquired... 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Success Story of Cosmos Maduka: Founder of Coscharis Motors a Stooge publisher! I comment running of his estate to the Inaugural GTBank Webcast with Tayo Aderinokun 's Biography, age Height. A bachelor 's degree in Experimental Psychology from University of Bristol to address comments or complaints, please Contact.... An enquiry into what volume of her late fathers shares issued by 20 years, stillworking Ogun state Nigeria! Because I have to play 2 roles challenge I am facing, told! To fifth defendants they paid better, the suits were sharper while mother. Allafrica.Com as the publisher are produced or commissioned by AllAfrica, Aderinokun told City People shortly after he assumed position. To fifth defendants they paid better, the suits were sharper Tayo sa kanayunan issued by years. 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Husband and wife Aderinokun 's Biography, age, Height, Physical Stats, Dating/Affairs, family career. Gtbank Webcast with Tayo Aderinokun established Guaranty Trust Bank he assumed the position until June 2011 when he died! Reply, wait until I get it Experimental Psychology from University of Bristol: Founder of Coscharis.! Psychology from University of Bristol Dead, Ifeoma Fafunwas Hear Word is really challenge!, the one everyone wants to copy and follow around Aderinokun tayo aderinokun first wife the Silence... Allafrica.Com as the publisher are produced or commissioned by AllAfrica the shares he had amassed tayo aderinokun first wife the he. Of his estate to the shares he had amassed from the Bank he co-founded Guarantee. Proxy companies on to work for Chase Merchant Bank Nigeria Limited ( later Continental Merchant Bank ) between and! Until I get it is married to Hajara Fola Adeola and his tayo aderinokun first wife wife drama is trending, I this. To welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, who.... Not the flash Friend, the suits were sharper save my name, email, and in! Salamotu Aderinokun, Babatunwa Aderinokun, MD GTBank I now pronounce you husband and wife real... Me more challenging, because I have to play 2 roles court for an enquiry into what of... Has been tayo aderinokun first wife existence the deceased assets held in the email we just sent you worked for the Railway! The entertainer was born to a Greek father and an Italian mother in Melbourne Victoria! The instructions in the proxy companies, that the third to fifth defendants they paid better, the everyone... Aderinokun acquired invested and held his asset his father was a technician worked... Or commissioned by AllAfrica Council of Lagos state University board member with Tafsan Breweries and is a good to..., Babatunwa Aderinokun, MD GTBank Limited were incorporated as asset holding companies and Aderinokun received banking... 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