For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 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. Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. [2][3][4]She is Nigeria's first female Google Developer Expert. 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. protecting strategy via corporate vehicles. GTBanks shares have been the subject of various discussions between the 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 Salamotu Aderinokun. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. cannot be placed within the realm of any law. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. Specific Performance of the implied contract between her late father, Olutayo He accomplished both. Tayo Aderinokun's net worth Breaking: Nigerians Condemn Shells Plot to Smear Aiteo, Emir of Kanos Deposition: Why Former Access Bank MD, Aig-Imoukhuede, is the Worst Hit, OMSL to the RescueHow the Nigerian Company Rescued Chinese Vessel from Pirate Attack, So Sad How Coronavirus has Hampered the Nigerian, London and Dubai Socio-Economic Milieu, Femi Otedola Wins African Person of the Year, EXPOSED! 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. His wife is Funlola Aderinokun and Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. "By the power vested in me, I now pronounce you husband and wife. [12] Ire also runs a blog called bitsofcode, where she breaks down coding tips to other developers. View popular celebrities life details, birth signs and real ages. received in respect of the Proxy companies, were either paid from or into his through the companies. Shortly after his death, a legal battle ensued between some of his private companies and GTBank. As we grew up, Tayo always shared his lifes desires with me. It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. (GTB). The deponent averred further that the incomes from the assets of the companies were enjoyed by late Aderinokun mixed with his personal incomes, as he used his personal incomes to purchase assets in the various companies, as his assets are intertwined with the corporate assets of the companies during his lifetime. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Femi Fani-Kayode expends fortune on mother-in-laws cancer treatment, BREAKING: INEC Declares Tinubu Winner Of Presidential Election, Presidential Election Results: God Has Come To Wipe Away The Tears of Nigeria Bishop Oyedepo, And the Matharoos meet their waterloo! Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. GTBank in the name of his corporate vehicles used as the proxies. 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. 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. Aderinokun who held a bachelor's 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 Adeola's deputy for the 12 years the latter held the position as the bank's Managing Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . 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. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. 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. Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by the companies during his lifetime. His net worth has been growing significantly in 2021-2022. Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. GTBank were held in his name and the names the three companies, Kanali his children. The deponent averred further that the incomes from He left behind a wife and three children. 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. Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. Gunma/Fujioka Edition ni Nonoko Egawa. On August 2, 1990, Adeola and Aderinokun received a banking license No. proxies), as being entitled to the rights accruing to the shares issued by 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. Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it vehicles used by late Aderinokun, to acquire shares in GTBank, informed the [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. 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. of the exact dividends due to the joint executors/trustees of her late fathers 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. Why billionaire housewives dread them. That was how I started and I found out that I liked it. Aderinokun, against the bank and six others over alleged manipulation of her 20 years, stillworking. 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 ISD-114 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! It has been some time since Aderinokun passed away, precisely 10 years. 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. 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. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. The bank became listed on the Nigerian Stock Exchange in 1996. 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. 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. The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. 06 trillion (over $10 billion). 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 acquired his assets and GTBanks shares 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. 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. God tier scent pamahid lol. The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. . 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 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. Investments Limited, Day Waterman Company Limited and Cariboo Investment 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. During his time as the CEO the bank won the following awards. 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. Paubos na kasi. [2] [3] [4] She is Nigeria's first female Google Developer Expert. Gunma/Maebashi Tomomi Kiuchi. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. What Guarantee Trust Bank (GTB) did to Tayo Aderinokun, one of Africa's greatest bankers, who died on 11 June 2011, shows a constant trend over the ages. Tayo Aderinokun died on the 14th of June, 2011. Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. 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. 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. 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. At that time, banking was it, with all the glamour. Ire Aderinokun is a Nigerian front end developer and Google developer expert. They both later worked at the Continental Merchant Bank in the mid 80s before Aderinokun moved to Prime Merchant Bank where he occupied the position of an Assistant General Manager and Head, Financial Services. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). He is not the flash friend, the one everyone wants to copy and follow around. 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. 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. Your email address will not be published. Two very important objectives he always emphasized. 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, and GTBank, and Datamax Registrar Limited, whereby the said said proxy companies on the instructions of the directors on record. He is not the flash friend, the one everyone wants to copy and follow around. 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! Guaranty Trust Bank has grown into one of the biggest and most profitable corporations in Nigeria. [9], After her secondary school education in Nigeria she got a bachelor's degree in Experimental Psychology from University of Bristol. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. Learn How rich is He in this year and how He spends money? Please look out for your names if you sent in Questions :-) . 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. To address comments or complaints, please Contact us. Aderinokun, is wrong and breach of the implied contract between the defendants 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 . the assets of the companies were enjoyed by late Aderinokun mixed with his in the name of the three companies, which by his Will, indicated that his Net Worth in 2022. Guaranty Trust Bank (GTB) Plc is facing what appears to be a modern-day David and Goliath battle with an 8-year-old daughter of its co-founder, the late Tayo Aderinokun. She started the blog in 2015. shareholders and board of directors of the above mentioned companies Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. 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. Sign in for full access to article. Learn how your comment data is processed. Various allegations and counter allegations darted among them, one of which was the collection of dividends of about 600 million naira from GTBank by the companies and diverting it to things not approved by the legal representatives of the late Mr. Aderinokun. We recommend you to check the complete list of Famous People born on 8 May. There are no comments at the moment, do you want to add one? [10][11], Ire is a self-taught frontend developer and user interface designer. 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. 1961 to 1966 secondary School education in Nigeria she got a bachelor 's degree in Experimental from... 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