Oluwatise, who is acting 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 GTB Plc, held in the proxies names and in the name of her late father, Olutayo Aderinokun, is wrongful and breach of the implied contract between the defendants and her late father. 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. Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. that the recognition of the proxies by the defendants, as being beneficially Your email address will not be published. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. Save my name, email, and website in this browser for the next time I comment. It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. He accomplished both. The deponent averred further that other shareholders and board of directors of the above mentioned companies constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and the children of late Olutayo Aderinokun were fully aware of the deceased assets protecting strategy via corporate vehicles. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . At that time, banking was it, with all the glamour. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and . 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 names of the proxies, was done in dishonest assistance of the breach of 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 was presented with the African Person of the Year award. Two heads, they say, are better than one. Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. 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. his children. Tayo Aderinokun died on the 14th of June, 2011. 20 years, stillworking. 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. 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. trust of her late fathers Will by the said proxy companies. This page was last edited on 1 December 2022, at 09:37. Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. 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. 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. [2] [3] [4] She is Nigeria's first female Google Developer Expert. Your email address will not be published. $1 Million - $5 Million. His death reverberated through the entire banking and finance industry. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. Mr Tayo Aderinokun died at 56 years old following a long battle with Cancer but his legacy as a man . He went on to work for Chase Merchant Bank Nigeria Limited (later Continental Merchant Bank) between 1981 and 1988. Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line, Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria, Biography & Success Story Of Hakeem Belo-Osagie: Former Chairman Of 9mobile, Biography & Success Story Of Sani Bello: Founder Of Amni International, Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors, How To Start A Lucrative Saffron Farming Business in Nigeria: The Complete Guide, How A Former Medical Doctor Built A Multi-Million Dollar Tech Business From Just $100, 15 Profitable Businesses To Start In Nigeria Or Africa, 15 Business Ideas You Can Start With Small Capital In Nigeria Or Africa. The late Tayo Aderinokun was a wealthy man in his lifetime. The bank became listed on the Nigerian Stock Exchange in 1996. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. 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. Guaranty Trust Bank has grown into one of the biggest and most profitable corporations in Nigeria. Save my name, email, and website in this browser for the next time I comment. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. 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. In the particulars of the affidavit of facts 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. It was during this period that he forged an unfettered friendship and brotherly bond with Adeola. What He Told City People Before He Died 6 Years Ago. Notify me of follow-up comments by email. Funlola Aderinokun and While his mother would send Fola and his siblings hawking to augment the family income. Miss Oluwatise Aderinokun, the eight-year-old and last child of the late [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. Foray Into Banking. Oluwatise, through her lawyer, is also asking questions about her fathers investment in GTBank, Datamax Registrars, Kanali Investments Limited, Day Waterman Company Limited, Caribod Investments Limited , Investment One Financial Services and the involvement of her uncle Mr. Babatunde Aderinokun in the management of her fathers estate. 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. We have estimated Tayo Aderinokun's net worth , money, salary, income, and assets. He is from Nigeria. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. Miss Oluwatise, who is Aderinokun's last child, has instituted a suit against GTB and six others before a Federal High Court, in Lagos, over alleged manipulation of [] 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. One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). . held in their names in GTBank, and paying any sum declared as dividends 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! 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! Haha Baka may alam kayo san pwede makabili nitong ointment na ito. His father was a technician who worked for the Nigerian Railway Corporation. through the companies. 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. Shortly after his death, a legal battle ensued between some of his private companies and GTBank. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. Graeys, averred that upon the death of her father, he gave legacies and Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! [4]. At the time, Fola was 34 while Tayo was 33. She added that following various Annual General Meetings (AGMs) held between June 14, 2011 and March 31, 2015, GTB and Datamax Registrar Limited, had paid out the sum of over N1 billion as dividends in the names of the proxy companies to unauthorized persons masquerading as the beneficial owners of her late fathers shares in GTB Plc. To complete the process, please follow the instructions in the email we just sent you. The deponent averred further that other Your email address will not be published. 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. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. judicious determination of the plaintiffs suit. in the name of the three companies, which by his Will, indicated that his 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. Limited (being shares/Properties held in trust of the beneficiaries of her late On this Wikipedia the language links are at the top of the page across from the article title. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. 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. executors of his estates. We recommend you to check the complete list of Famous People born on 8 May. GTBank were held in his name and the names the three companies, Kanali Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. Now, we are going into a new phase which may be for me more challenging, because I have to play 2 roles. LATE GTB GMD, MR TAYO ADERINOKUN. And he would laugh, and reply, wait until I get it.. In Africa, the bank has expanded to Cote dIvoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, Kenya and Rwanda, including the United Kingdom. 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. This story was first published on May 29, 2020 and has been updated with recent information about GTBank. The plaintiff who is a minor, is also urging the his own name, and that payments that were made for asset acquisition, or funds Cariboo Investment Limited were incorporated as asset holding companies and The institution he co-founded is perennially . 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. [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. 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. More often than not, great success stories revolve around harnessing the power of synergy. Ire Aderinokun is one of the founding members of Feminist Coalition,[18] a group of young Nigerian women with the aim of promoting equality for women in Nigerian society. 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. 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. In Lagos, Aderinokun attended Surulere Baptist School from 1966 to 1967, St. Peters College, Abeokuta, from 1968 to 1972 and St. Gregorys Boys College, Lagos from 1973 to 1974. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. 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. An order of perpetual injunction restraining GTBank and other defendants in the suit from cknowledging/recognising the proxies as being the beneficial owners of the rights accruing to the shares held in their names in GTBank, 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. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. 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. 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. For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. Ire Aderinokun is a Nigerian front end developer and Google developer expert. Required fields are marked *. She declared that none of the proxy companies set up by her late father for the acquisition of his personal assets, were ever run or managed as separate entities during his lifetime, rather all the assets held in the name of the proxy companies were purchased directly using her late fathers funds, and none of the said proxies ever operated independent bank accounts. 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