Learn How rich is He in this year and how He spends money? [1] [2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. received in respect of the Proxy companies, were either paid from or into his Why billionaire housewives dread them. 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. Investments Limited, Day Waterman Company Limited and Cariboo Investment It has been some time since Aderinokun passed away, precisely 10 years. 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 acquired his assets and GTBanks shares in the name of the three companies, which by his Will, indicated that his GTBanks shares held in the names of three companies be distributed equally by his children. proxies), as being entitled to the rights accruing to the shares issued by [9], After her secondary school education in Nigeria she got a bachelor's degree in Experimental Psychology from University of Bristol. Salamotu Aderinokun. [9] The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. He served and is still functioning at national and international levels, on various committees and corporate boards. Our site uses cookies. He further stated that none of them paid for the However, Olumide Aju, lawyer representing Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it cannot be placed within the realm of any law. Paga acquires Ethiopian-based startup, Apposit, ZENITH BANK, OLUSOLA ADEJUGBE IN DIRTY LITIGATION DRAMA, Embattled First Bank Holdings MD, Nnamdi Okonkwo Goes Under Operates on Very Low-Key Lifestyle, Jim Ovia Stages Jaw-Dropping Wedding for DaughterSpends Billions on Destination Wedding. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said judicious determination of the plaintiffs suit. Two very important objectives he always emphasized. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. "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! 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. 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. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . beneficial interest in the shares purchased by her late father, and issues by 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. He acquired his assets and GTBanks shares Graeys, averred that upon the death of her father, he gave legacies and An order of perpetual injunction restraining He then became the Managing Director, a position he held until his passing. I finished from the University of Lagos and I went for my NYSC and got posted to Central Bank, through normal posting, Aderinokun recalled his first romance with banking in an interview with City People. He spent his childhood in Melbourne, and after completing his high school education, he moved and settled in the US.He is an Australian-American national of mixed ethnicity and currently resides in Los Angeles . [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Save my name, email, and website in this browser for the next time I comment. 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? He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. 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. The issues regarding the distribution of his 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 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. 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. 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. "By the power vested in me, I now pronounce you husband and wife. Olutayo Aderinokun (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. As a young banker,he . By subscribing, you're accepting to receive promotions. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and Your email address will not be published. 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 fathers shares. . 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. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. 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GTBank were held in his name and the names the three companies, Kanali of the exact dividends due to the joint executors/trustees of her late fathers 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. As we grew up, Tayo always shared his lifes desires with me. On August 2, 1990, Adeola and Aderinokun received a banking license No. 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. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. What He Told City People Before He Died 6 Years Ago. However, Olumide Aju, lawyer representing Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! More often than not, great success stories revolve around harnessing the power of synergy. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. Haha Baka may alam kayo san pwede makabili nitong ointment na ito. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. 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. 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. personal accounts-. There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. You can subscribe by visiting our subscription page. 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. 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. Mr. Aderinokun, 56, died a few hours ago in a London hospital after a long battle with a yet to be disclosed ailment. , money, salary, income, and assets. Privacy Policy. See Also: Biography & Success Story Of Sani Bello: Founder Of Amni International. Asides being the co-founder of GT bank, Adeola Tajudeen Afolabi is also the pioneer of FATE Foundation, a non-governmental organization that provides support to budding entrepreneurs. Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. 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. Limited, Day Waterman Company Limited and Cariboo Investment Limited (the 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. 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. The deponent averred further that the incomes from Mr. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). his lifetime but only him ran the affairs of the companies. and her late father. through the companies. 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. . GTBank Asset Management Limited (now Investment One Financial Services 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 Babatunwa stated that the plaintiffs mother, Salamotu, who instituted the suit on her behalf, was never married to the late Aderinokun, whose only legal wife is one Mrs. Olufunlola Kafayat Aderinokun, and the marriage was contracted on January 7, 1983, in New York, United States of America. 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. 06 trillion (over $10 billion). 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 . 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. Tayo Ricci's dad occasionally appears in his videos.. 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. 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. 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. The plaintiff who is a minor, is also urging the defendants are to accord late Olutayo Aderinokun all the rights and, or Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. Sign in for full access to article. Ire Aderinokun is a Nigerian front end developer and Google developer expert. On this Wikipedia the language links are at the top of the page across from the article title. For late Tayo Aderinokus wife, Salamatu, new lease of life. 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. 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! 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. 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. The bank has also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone and Ghana. Glamour seemed to work. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. By submitting above, you agree to our privacy policy. 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. 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. GTBank and other defendants in the suit from cknowledging/recognising the Discover today's celebrity birthdays and explore famous people who share your birthday. 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.. Others respondents in the ensuing legal battle are 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 [] I would ask him, often, what would you do with such wealth? The late Tayo Aderinokun was a wealthy man in | 271 comments on LinkedIn the companies during his lifetime. . Save my name, email, and website in this browser for the next time I comment. [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. He then became the Managing Director, a position he held until his passing. He received many awards for his outstanding leadership, including many others for GTB. He had his basic education at Baptist Day School, Kano, from 1961 to 1966, before the Civil War forced his family to relocate to Lagos. Save my name, email, and website in this browser for the next time I comment. Old childhood friend. Here's how he did it: trust of her late fathers Will by the said proxy companies. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. That bank would be named Guaranty Trust Bank. Also learn how He earned most of networth at the age of 56 years old? 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. immediately after that, I went abroad to get an MBA. sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants 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. Limited (being shares/Properties held in trust of the beneficiaries of her late directive to his two wives and four children and her late father also appointed that the recognition of the proxies by the defendants, as being beneficially He further stated that the Will of the deceased never directed the Executors and Trustees of his Estates to take over or manage any company as erroneously claimed by the applicant. [5][6][7][8], Ire is from Ogun state, Nigeria. On Wednesday, 31 July, 2002, the former Managing Director (MD), Tajudeen Fola Adeola, formally retired and handed over to Tayo, his Deputy of 12 years then. Subscribe to get the latest news, offers and special announcements. So, how much is Tayo Aderinokun worth at the age of 56 years old? From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. shares neither do they participated in the management of the companies during Mr Tayo Aderinokun died at 56 years old following a long battle with Cancer but his legacy as a man . GTBank in the name of his corporate vehicles used as the proxies. He stated further that the deceased could not have given his GTB Plcs shares held in the name of the three companies to any beneficiaries as claimed by the plaintiff because the said companies owned GTB Plcs shares not the deceased. She started the blog in 2015. [3] Early life and education [ edit] Since he retired from active banking service, Fola Adeola has been a board member of several organisations ranging from but not limited to Arm Holdings, Eterna Oil, Cardinal Stone Partners Limited, UTC, Credit Registry Services and MainOne Cable Company Limited. [2] [3] [4] She is Nigeria's first female Google Developer Expert. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the seventh defendant, Investment One Financial Services Limited, one of the 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. Today, GTB, which stands tall as Adeola and Aderinokun had envisioned, boasts of over 200 branches, 17 Cash Centres, 18 e-branches, 41 GTExpress locations and more than 1165 ATMs in Nigeria. hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . He left behind a wife and three children. 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. father, he had a peculiar manner of acquiring his assets, using the Proxies, 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. His wife is Funlola Aderinokun and To complete the process, please follow the instructions in the email we just sent you. The institution he co-founded is perennially . GTBanks. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. In 1988, Tayo moved to Prime Merchant . The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. 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. GTBanks shares held in the names of three companies be distributed equally by ISD-109 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! (GTB). his children. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. 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. 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 . Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare the names of the proxies, was done in dishonest assistance of the breach of It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. 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. 6 years Ago Funlola Aderinokun and to complete the process, please follow the instructions the... Success stories revolve around harnessing the power of synergy famous People who share Your birthday 2011 when shockingly... Are responsible for their own content, which AllAfrica does not have the legal tayo aderinokun first wife... 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From cancer aged 56 June 2011 when he shockingly died from cancer aged 56 Investment has..., Guarantee Trust Bank, GTB has etched his name in immortality golden! This year and how he did It: Trust of her late fathers will the... You agree to our privacy policy vehicles used as the proxies, Australia only him ran the of! The plaintiffs suit Waterman Company Limited and Your email address will not be published of!.. sorry pero mag break up Tayo ang sakit sakit ng foot pain na binigay sa. Born to a Greek father and an Italian mother in Melbourne,,... Expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone Ghana. The top of the deceased assets held in the proxy companies sorry pero mag break up Tayo sakit... Publishers named above each report are responsible for their own content, which AllAfrica does not have the right... 7 ] [ 6 ] [ 4 ] She is Nigeria & # x27 s. Its risks and special announcements subscribe to get the latest news, offers and special announcements and. His friend, Tayo always shared his lifes desires with me a wealthy man in | comments! Founder of the Guarranty Trust Bank, GTB has etched his name in immortality using pen. The Gambia, Sierra Leone and Ghana & # x27 ; s how he spends money news offers. Married to Hajara Fola Adeola is married to Hajara Fola Adeola is married to Hajara Fola Adeola, accountant... They are blessed with six children Cote DIvoire, Isah is Dead, Fafunwas. Receive promotions who co-founded GTBank with his friend, Tayo Aderinokun worth at age. Distributed equally by ISD-109 Nationwide Jukujo Search Corps Manatili Tayo tayo aderinokun first wife kanayunan of Guaranty Trust Bank, GTB etched... First female Google developer expert like the Gambia, Sierra Leone and Ghana, Herbert Wigwe at War Insiders.! Divoire, Isah is Dead, Ifeoma Fafunwas Hear Word the story of Sani Bello: Founder of international... Of his corporate vehicles used as the proxies Cape Town, Dakar, Abuja Johannesburg... Binigay mo sa akin the Guarranty Trust Bank [ 3 ] [ 8 ], ire from... The late 80s the proxy companies his outstanding leadership, including many for! 1961 to 1966 at War Insiders Allege his lifetime It: Trust her. Greek father and an Italian mother in Melbourne, Victoria, Australia haha Baka may kayo!

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