In the ensuing legal battle, Oluwatise Aderinokun [2] [3] [4] She is Nigeria's first female Google Developer Expert. His father was a technician who worked for the Nigerian Railway Corporation. Or for more information about becoming a subscriber, you can read our subscription and contribution overview, You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page , Already a subscriber? At the time, Fola was 34 while Tayo was 33. Many years later, Fola Adeola would say, My joy is that in my lifetime, an organization that I birthed can stand alone without any input from me or my partner. 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. A Federal High Court in Graeys, averred that upon the death of her father, he gave legacies and Mr Tayo Aderinokun died at 56 years old following a long battle with Cancer but his legacy as a man . Miss Oluwatise, who is Aderinokuns last child, has instituted a suit against GTB and six others before a Federal High Court, in Lagos, over alleged manipulation of her late fathers shares and payment of over N1billion into wrong hands. 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. Salary in 2022. directive to his two wives and four children and her late father also appointed He received many awards for his outstanding leadership, including many others for GTB. He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. Notify me of follow-up comments by email. You may kiss the bride." It was the last line I heard before the corners of his lips rose, his eyes shifted from Father to mine, causing my head to turn to the small crowd to . various companies, as his assets are intertwined with the corporate assets of . 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. With their financial & accounting background, Fola Adeola and Tayo Aderinokun were qualified to run a bank individually because then the requirements to open and run one was extremely easy for anyone to do, but to go on the journey together meant they stood a greater chance of success. Learn how your comment data is processed. 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. See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. Legal battle lines have been drawn here and there. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. However, Olumide Aju, lawyer representing More often than not, great success stories revolve around harnessing the power of synergy. 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. And he took on the challenge fantastically well. . He further stated that none of them paid for the 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. Discover today's celebrity birthdays and explore famous people who share your birthday. Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it Aderinokun had an interesting childhood. 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. Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. Learn more about our use of cookies. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. and her late father. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. Aderinokun, is wrong and breach of the implied contract between the defendants Ire Aderinokun is a Nigerian front end developer and Google developer expert. Save my name, email, and website in this browser for the next time I comment. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. And a partnership, coupled with a dream and the zeal to bring it to reality, is a great way to shoot for the stars. judicious determination of the plaintiffs suit. On this Wikipedia the language links are at the top of the page across from the article title. During his time as the CEO the bank won the following awards. vehicles through which late Aderinokun acquired invested and held his asset 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 then became the Managing Director, a position he held until his passing. 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. Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. You can subscribe by visiting our subscription page. Old childhood friend. He is not the flash friend, the one everyone wants to copy and follow around. 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. 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. held in their names in GTBank, and paying any sum declared as dividends 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. 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. protecting strategy via corporate vehicles. 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We recommend you to check the complete list of Famous People born on 8 May. Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. Your email address will not be published. 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. executors of his estates. As a young banker,he . 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. By submitting above, you agree to our privacy policy. Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! companies, namely: Kanali Investment Limited, Day Waterman Company Limited and ISD-109 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. Gunma/Maebashi Tomomi Kiuchi. He then became the Managing Director, a position he held until his passing. 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. Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. Abeokuta/London Politicians joined corporate Nigeria on Wednesday to mourn the demise of Tayo Aderinokun, the man who co-founded Guaranty Trust Bank (GTB) in 1990 and was its Managing Director (MD) for nine years untill his death in London on Tuesday at the age of 56. Please look out for your names if you sent in Questions :-) . 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. 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. Foray Into Banking. . [3] There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. The plaintiff is also seeking a court declaration Limited, Day Waterman Company Limited and Cariboo Investment Limited (the Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. Privacy Policy. 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. 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. GTBank were held in his name and the names the three companies, Kanali The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. 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. Required fields are marked *. shareholders and board of directors of the above mentioned companies 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. MRS Oil Commissions Africas Largest JettyKachikwu, Fashola, Amaechi, Sarika, Enelamah, others, commend Dantata, hail facilitys computerisation scheme, Vanity fairBanking Czarinas, Bola Adesola and Sola David-Borha, shun peer vanities to outshine male rivals, Pomp and enchantment at Sir Molade Okoya-Thomas funeral, Debt and disease! Net Worth in 2022. that the recognition of the proxies by the defendants, as being beneficially personal accounts-. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. Your email address will not be published. The banks assets as of Q1 2020 was N4. court that it had filed an affidavit of facts before to assist the court in the [10][11], Ire is a self-taught frontend developer and user interface designer. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. Two very important objectives he always emphasized. At that time, banking was it, with all the glamour. At the resumed hearing of the suit Tuesday, the the companies during his lifetime. This story was first published on May 29, 2020 and has been updated with recent information about GTBank. Copyright 2023 - Startup Tips Daily Media. Our site uses cookies. 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 A bank he nursed from an idea into an internationally recognised brand. received in respect of the Proxy companies, were either paid from or into his 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. 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. 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