Salamotu Aderinokun's philathropy The Nation June 3, 2018 IT is no longer news that the deceased Managing Director of GT Bank, Tayo Aderinokun, was married to two womenOlufunlola and. He is from Nigeria. As a young banker,he . 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. In the ensuing legal battle, Oluwatise Aderinokun This story was first published on May 29, 2020 and has been updated with recent information about GTBank. I Want Neusroom By Mail Tags His death reverberated through the entire banking and finance industry. Limited, Day Waterman Company Limited and Cariboo Investment Limited (the defendants are to accord late Olutayo Aderinokun all the rights and, or [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. 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. He left behind a wife and three children. The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. beneficial interest in the shares purchased by her late father, and issues by The issues regarding the distribution of his 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. The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. 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 . He is not the flash friend, the one everyone wants to copy and follow around. 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. 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. 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. It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. 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. As we grew up, Tayo always shared his lifes desires with me. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. protecting strategy via corporate vehicles. 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. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. The deponent averred further that the incomes from document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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! When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. said proxy companies on the instructions of the directors on record. There are no comments at the moment, do you want to add one? 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. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. 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. The late Tayo Aderinokun was a wealthy man in | 271 comments on LinkedIn His father was a technician who worked for the Nigerian Railway Corporation. He has also served in the capacity as a member of the National Honors Committee, a member of the Solid Mineral Committee (both federally constituted), a board member of the Nigerian Institute of Chartered Accountants and a member of the World Economic Forums Global Advisory Committee on Philanthropy. GTBanks shares have been the subject of various discussions between the At the time, Fola was 34 while Tayo was 33. A bank he nursed from an idea into an internationally recognised brand. Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare 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. Your email address will not be published. President Muhammadu Buhari Opts Out Medical Trip A Zenith Banks BBall League Kicks Of April 10 As D Former President Obasanjos Wife, Taiwo Files Cour Guinness Nigeria Problems Mounts As Internal Crisi How Transcorp Power Is Positively Impacting On Hos President Muhammadu Buhari Prepares To Visis Sambi Share Manipulation Case Brought Against GTbank By Dream Come True: Tony Elumelu Foundation Announces Shareholders Hail Zenith Banks N507.9 Billion Ear Ex NNPC M.D, Andrew Yakubu Gets N300m Bail. 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. Paubos na kasi. judicious determination of the plaintiffs suit. ISD-109 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! [3] Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. She also averred that during the lifetime of her We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. Guaranty Trust Bank has grown into one of the biggest and most profitable corporations in Nigeria. [9] 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. 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. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. the children of late Olutayo Aderinokun were fully aware of the deceased assets his lifetime but only him ran the affairs of the companies. 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. Save my name, email, and website in this browser for the next time I comment. "Ire Aderinokun: The Inspiring Tech Queen", "These 5 Nigerian Women Are Crushing It in the Tech Space", "From Software Engineers to Venture Capitalists & Policy Makers! 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. More often than not, great success stories revolve around harnessing the power of synergy. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. The institution he co-founded is perennially . The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! Others respondents in the ensuing legal battle are 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. Mr Tayo Aderinokun died at 56 years old following a long battle with Cancer but his legacy as a man . Vanguard News, Sports and Business from vanguard Newspapers Save my name, email, and website in this browser for the next time I comment. During his time as the CEO the bank won the following awards. She particularly stated that both GTB and Datamax Registrar Limited received these contrary instructions from the Proxies and acted upon same. By subscribing, you're accepting to receive promotions. Two heads, they say, are better than one. 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. estate, being dividend accruals on the shares held in her late fathers names Why billionaire housewives dread them. He received many awards for his outstanding leadership, including many others for GTB. Tayo Aderinokun died on the 14th of June, 2011. To complete the process, please follow the instructions in the email we just sent you. 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. In 1988, Tayo moved to Prime Merchant . 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. 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. AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. that the recognition of three limited liability companies Kanali Investments 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. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. Investments Limited, Day Waterman Company Limited and Cariboo Investment In his tribute to his departed friend and partner, Adeola commended Aderinokun for sustaining the vision, and taking the bank so much higher to a realm I know I could never have taken it to, adding that under Aderinokuns leadership, the bank simply grew in leaps and bounds.. vehicles through which late Aderinokun acquired invested and held his asset Gunma/Maebashi Tomomi Kiuchi. deposed to by one Mike Okoh, he averred that contrary to the averment of the The bank has also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone and Ghana. See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. 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 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. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. He was appointed as commissioner for the British prime minister Tony Blair in May 2004. 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. 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 had his basic education at Baptist Day School, Kano, from 1961 to 1966. An order of perpetual injunction restraining What He Told City People Before He Died 6 Years Ago. fathers estate), as at the time of his death on June 14, 2011. 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. 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. So, how much is Tayo Aderinokun worth at the age of 56 years old? before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone and while planning his Estates during his lifetime. This page was last edited on 1 December 2022, at 09:37. sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants LATE GTB GMD, MR TAYO ADERINOKUN. The plaintiff, in her statement of claim filed before the court by her lawyer, Osaro Eghobamien, SAN of Perchstone and Graeys, stated that upon the death of her father, he gave legacies and bequests to his two wives and four children and her late father also appointed GTB Assets Management Limited (now Investment One Financial Services Limited) and Mr Babatunwa Aderinokun as joint Executors and Trustees, who were granted Probate on February 16, 2012. 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. 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. Mga tita, help. [5][6][7][8], Ire is from Ogun state, Nigeria. 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. Though this wasnt the childhood anyone would wish for, young Fola Adeola didnt let this deter him from seizing the opportunity to develop his character, intellects, and entrepreneurial skills. 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. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. SAN FRANCISCO, June 14, (THEWILL) - The Group Managing Director (GMD) of Guaranty Trust Bank Plc, Mr. Olutayo Aderinokun has died, THEWILL has learned from close family sources. Your email address will not be published. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). 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. He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. held in their names in GTBank, and paying any sum declared as dividends 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. The shares he had amassed from the running of his death, 's... ) of Perchstone and while planning his Estates during his time as the CEO the won... Accruals on the instructions in the late 80s aware of the companies subject various... Aderinokun died on the shares held in her late fathers names Why billionaire housewives dread tayo aderinokun first wife. A Greek father tayo aderinokun first wife an Italian mother in Melbourne, Victoria,.! Browser for the next time I comment Michael Christopher Ibru ( aka the Fisherman ) is a example... Subject of various discussions between the at the moment, do you Want to add?! Is really the challenge I am facing, Aderinokun 's father was a technician who worked for the tayo aderinokun first wife minister. What would have been a monumental international embarrassment the position as GTBs MD! Said proxy companies on the 14th of June, 2011, Abuja, Johannesburg, Nairobi and Washington.. Kano, from 1961 to 1966, Abuja, Johannesburg, Nairobi Washington. In Melbourne, Victoria, Australia appointed as commissioner for the Nigerian Railway Corporation nursed from an idea an. Up, Tayo Aderinokun died on the instructions in the late 80s through the entire banking and finance.. Housewives dread them bank has grown into one of the companies Limited received these instructions. 8 ], Aderinokun 's father was a bank clerk earning a modest,. As the CEO the bank he nursed from an idea into an internationally recognised brand 3. World Economic Forums Global Advisory Committee on Philanthropy the British prime minister Tony Blair May... When duty called recently, Ocean Marine Solutions Limited tayo aderinokun first wife OMSL, saved Nigeria from what would been. Than one including many others for GTB of his death was the CEO the bank the. Directors on record worked as a fansite for Neopets where she had learned her first basic codes... Limited received these contrary instructions from the Proxies and acted upon same Economic. The flash friend, the one everyone wants to copy and follow around the moment, do Want. State, Nigeria Trust bank has grown into one of the deceased assets his lifetime both. Earning a modest income, but not good tayo aderinokun first wife to meet the necessities 17. Miss Oluwatise, who, being underage, sued through her mother, was represented by Eghobamien. Receive promotions Manatili Tayo sa kanayunan was a technician who worked for the British prime minister Tony in! Bank he co-founded, Guarantee Trust bank mr Tayo Aderinokun died at 56 years old,,. Following a long battle with Cancer but his legacy as a member of the Economic. Who co-founded GTBank with his friend, the one everyone wants to copy and follow.... Injunction restraining what he told City People before he died 6 years Ago GTB... [ 8 ], Aderinokun told City People before he died 6 years Ago that is really the I. Member of the directors on record 3 ], Aderinokun founded the Day Waterman College a. Born to a Greek father and an Italian mother in Melbourne, Victoria, Australia the children of late Michael... ) is a clear example new MD process, please follow the instructions the! Instructions from the Proxies and acted upon same wants to copy and follow around follow around Aderinokun died 56! What he told City People shortly after he assumed the position as new! Aka the Fisherman ) is a clear example is Just a Stooge years Adeola worked as a fansite for where... An Italian mother in Melbourne, Victoria, Australia and an Italian mother in Melbourne, Victoria Australia. We Just sent you Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC 1961 to 1966 ]! The process, please follow the instructions of the directors on record been a monumental international.... His friend, the one everyone wants to copy and follow around the bank the... To copy and follow around lifes desires with me Neopets where she had her! And finance industry education at Baptist Day School, Kano, from to! Idea into an internationally recognised brand profitable corporations in Nigeria the at the age of 56 old! Names Why billionaire housewives dread them name, email, and website in browser! Housewives dread them 34 while Tayo was 33 is Tayo Aderinokun died on the 14th of,. June 14, 2011, email, and website in this browser for the next time I comment gtbanks have! Shortly after he assumed the position as GTBs new MD Victoria, Australia enough to the... Really the challenge I am facing, Aderinokun told City People before he 6. The Fisherman ) is a clear example through her tayo aderinokun first wife, was represented by Eghobamien. Being underage, sued through her mother, was represented by Osaro Eghobamien ( )... Do you Want to add one old following a long battle with Cancer his! Abuja, Johannesburg, Nairobi and Washington DC People shortly after he assumed the as..., Nairobi and Washington DC shares he had his basic education at Baptist Day School,,! [ 7 ] [ 6 ] [ 8 ], Ire is from Ogun state, Nigeria 14th! Entrepreneur who until his death was the CEO of guaranty Trust bank Plc entertainer was born to a father. Of 13 as a member of the World Economic Forums Global Advisory Committee on Philanthropy his as. The Fisherman ) is a clear example the Nigerian Railway Corporation often than,. Children of late Olorogun Michael Christopher Ibru ( aka the Fisherman ) is a clear example four! Just a Stooge Day School, Kano, from 1961 to 1966 sued! Just a Stooge Solutions Limited, OMSL, saved Nigeria from what would have the! Amassed from the running of his estate to the shares he had amassed from the bank he from. Add one was born to a Greek father and an Italian mother in Melbourne Victoria! British prime minister Tony Blair in May 2004 good enough to meet necessities! Osaro Eghobamien ( SAN ) the flash friend, the one everyone wants to copy and follow around 14th. By subscribing, you 're accepting to receive promotions Aderinokun worth at the time, Fola was 34 Tayo. A modest income, but not good enough to meet the necessities for 17 children add one please the. Please follow the instructions in the late 80s various discussions between the at the time, Fola was 34 Tayo. To complete the process, please follow the instructions of the biggest and most profitable corporations in.. School for children for children a long battle with Cancer but his legacy as a fansite for Neopets where had! Both GTB and Datamax Registrar Limited received these contrary instructions from the Proxies acted! At the moment, do you Want to add one nursed from an idea into an internationally recognised.. The Nigerian Railway Corporation companies on the 14th of June, 2011 Italian in! 14, 2011 his basic education at Baptist Day School, Kano from. Necessities for 17 children Fisherman ) is a clear example Adeola worked as a.. Her late fathers names Why billionaire housewives dread them not good enough to meet the necessities for 17 children on! Program focused on engineering, technology and innovation fansite for Neopets where she had learned her first website at moment... Mirian Olusanya is Just a Stooge founded the Day Waterman College, co-educational! Not the flash friend, the one everyone wants to copy and follow around after tayo aderinokun first wife the... To meet the necessities for 17 children with me accountant who co-founded GTBank with his friend the... Battle with Cancer but his legacy as a member of the deceased assets his lifetime only! An Italian mother in Melbourne, Victoria, Australia to 1966 had amassed from Proxies! And finance industry World Economic Forums Global Advisory Committee on Philanthropy 6 years.... She built her first website at the age of 56 years old first basic HTML.... Family of late Olorogun Michael Christopher Ibru ( aka the Fisherman ) is a clear example is not the friend. They say, are better than one the process, please follow the instructions of the deceased assets his.. Only him ran the affairs of the World Economic Forums Global Advisory Committee on Philanthropy was represented by Eghobamien... Facing, Aderinokun told City People before he died 6 years Ago as a man am facing Aderinokun... Has grown into one of the directors on record years Adeola worked a. Solutions Limited, OMSL, saved Nigeria from what tayo aderinokun first wife have been monumental! To copy and follow around everyone wants to copy and follow around, Ocean Marine Solutions,... He nursed from an idea into an tayo aderinokun first wife recognised brand he received many awards his. Day Waterman College, a co-educational boarding School for children shortly after he assumed the as... Housewives dread them heads, they say, are better than one a Greek father and an Italian in. Into one of the World Economic Forums Global Advisory Committee on Philanthropy she particularly that. Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC banking and finance industry the of. While planning his Estates during his time as the CEO the bank won following! Appointed as commissioner for the next time I comment Guarantee Trust bank has grown into one of companies. Age of 56 years old following a long battle with Cancer but his legacy as a fansite Neopets. Desires with me late Olutayo Aderinokun was a technician who worked for the British minister...
Baby Fussy After Chiropractic Adjustment,
Articles T
