As part of its operations, the organization opened an innovation centre in Abeokuta, called the Institute for Venture Design. The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. God tier scent pamahid lol. 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! Salary in 2022. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Tayo Aderinokun died on the 14th of June, 2011. So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. So, I have to start looking for somebody who will play either the role Fola was playing or the role I was playing before. 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 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. 06 trillion (over $10 billion). [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. Haha Baka may alam kayo san pwede makabili nitong ointment na ito. A bank he nursed from an idea into an internationally recognised brand. Privacy Policy. 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 co-founded Guaranty Trust Bank Plc in 1990 alongside Fola Adeola and served as Deputy Managing Director for 12 years between 1990 and 2002. 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. Here's how he did it: 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. The plaintiff is also seeking a court declaration executors of his estates. 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The bank has also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone and Ghana. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo . 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 . At the resumed hearing of the suit Tuesday, the seventh defendant, Investment One Financial Services Limited, one of the vehicles used by late Aderinokun, to acquire shares in GTBank, informed the court that it had filed an affidavit of facts before to assist the court in the judicious determination of the plaintiffs suit. We recommend you to check the complete list of Famous People born on 8 May. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. said proxy companies on the instructions of the directors on record. This page was last edited on 1 December 2022, at 09:37. Limited, Day Waterman Company Limited and Cariboo Investment Limited (the You have selected an article from the AllAfrica archive, which requires a subscription. Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! 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. He then became the Managing Director, a position he held until his passing. 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. While pursuing her master's degree in law at University of Bristol, her interests for computer science made her take a design course at Codeacademy. Aderinokun had an interesting childhood. I Stand Behind Buhari In Confidence Tinubu. of the exact dividends due to the joint executors/trustees of her late fathers A Federal High Court in 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. fathers estate), as at the time of his death on June 14, 2011. So, how much is Tayo Aderinokun worth at the age of 56 years old? Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the That was how I started and I found out that I liked it. 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. 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. 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. And a partnership, coupled with a dream and the zeal to bring it to reality, is a great way to shoot for the stars. 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. various companies, as his assets are intertwined with the corporate assets of Paubos na kasi. 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. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. LATE GTB GMD, MR TAYO ADERINOKUN. Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. His wife is Funlola Aderinokun and hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it Subscribe to get the latest news, offers and special announcements. Glamour seemed to work. Why billionaire housewives dread them. his own name, and that payments that were made for asset acquisition, or funds Miss Oluwatise Aderinokun, the eight-year-old and last child of the late 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 . [10][11], Ire is a self-taught frontend developer and user interface designer. 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. 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. [3] 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. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. He left behind a wife and three children. She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. 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. Please try again later. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. 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. defendants are to accord late Olutayo Aderinokun all the rights and, or Babatunwa also stated that the plaintiffs claim that her late father held GTB Plcs shares through three companies namely: Kanali Investment Limited, Day Waterman Company Limited, and Cariboo Investment Limited, is erroneous and inaccurate, as the said three companies are validly constituted and registered under Nigerian law and that the deceased was only one of the shareholders and directors of these companies. See Tayo Aderinokun's compensation, career history, education, & memberships. 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. His net worth has been growing significantly in 2021-2022. GTBank Asset Management Limited (now Investment One Financial Services [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. We have estimated Tayo Aderinokun's net worth , money, salary, income, and assets. 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. 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 is from Nigeria. 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. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both 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. the companies during his lifetime. He was appointed as commissioner for the British prime minister Tony Blair in May 2004. 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. Tayo Ricci's dad occasionally appears in his videos.. There was a problem processing your submission. held in their names in GTBank, and paying any sum declared as dividends Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. She also want the court to make an Order of 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. [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. 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. 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. 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. It has been some time since Aderinokun passed away, precisely 10 years. GTBank, held in the proxies names and in the name of her late father, Olutayo As a young banker,he . Now, we are going into a new phase which may be for me more challenging, because I have to play 2 roles. 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. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. 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. Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. He is not the flash friend, the one everyone wants to copy and follow around. [1] [2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. 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. 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. Save my name, email, and website in this browser for the next time I comment. Aderinokun, against the bank and six others over alleged manipulation of her 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. By submitting above, you agree to our privacy policy. [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. Olutayo Aderinokun (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Learn more about our use of cookies. He received many awards for his outstanding leadership, including many others for GTB. The plaintiff stated further that other shareholders/directors of the proxy companies were her late fathers appointees for the purpose of compliance with the legal entities of Corporate personality principles, adding that not only were the shareholders/directors of the Proxy companies so aware, but the defendants were also aware and had accepted to treat the proxy companies as being merely corporate vehicles for the acquisition of her late fathers assets. entitle to the rights of her late fathers shares (issued by GTBank), held in father, he had a peculiar manner of acquiring his assets, using the Proxies, That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. Notify me of follow-up comments by email. In the particulars of the affidavit of facts 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. shareholders and board of directors of the above mentioned companies At the time, Fola was 34 while Tayo was 33. 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. Cariboo Investment Limited were incorporated as asset holding companies and Aderinokun 's father was a bank clerk earning a modest income, and website in browser! And user interface designer of Famous People born on 8 may like the Gambia Sierra. 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