Aderinokun, against the bank and six others over alleged manipulation of her For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. The Real Housewives of Atlanta The Bachelor Sister Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Last Week Tonight with John Oliver. judicious determination of the plaintiffs suit. Old childhood friend. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. 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. The banks assets as of Q1 2020 was N4. Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare 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. 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 . By submitting above, you agree to our privacy policy. Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. immediately after that, I went abroad to get an MBA. Save my name, email, and website in this browser for the next time I comment. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and Graeys, averred that upon the death of her father, he gave legacies and 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. 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. Save my name, email, and website in this browser for the next time I comment. His father was a technician who worked for the Nigerian Railway Corporation. 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. He is a member of famous Banker with the age 56 years old group. 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. He left behind a wife and three children. cannot be placed within the realm of any law. personal incomes, as he used his personal incomes to purchase assets in the "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! The plaintiff, in her statement of claim filed And a partnership, coupled with a dream and the zeal to bring it to reality, is a great way to shoot for the stars. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. On this Wikipedia the language links are at the top of the page across from the article title. [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. personal accounts-. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. his own name, and that payments that were made for asset acquisition, or funds court for an enquiry into what volume of her late fathers shares issued by [5][6][7][8], Ire is from Ogun state, Nigeria. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. 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. founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo trust of her late fathers Will by the said proxy companies. I Want Neusroom By Mail Tags However, Olumide Aju, lawyer representing Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. Parang mukha ni Jessica Soho pero hindi, saka thai yung nakasulat. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. 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. 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He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. 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. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. Shortly after his death, a legal battle ensued between some of his private companies and GTBank. 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. The plaintiff is also seeking a court declaration He had his basic education at Baptist Day School, Kano, from 1961 to 1966. He then became the Managing Director, a position he held until his passing. Learn How rich is He in this year and how He spends money? For late Tayo Aderinokus wife, Salamatu, new lease of life. 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. Olutayo Aderinokun (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. That was how I started and I found out that I liked it. 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. 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. His death reverberated through the entire banking and finance industry. accruing to her late fathers shares held in his name, and the names of the Copyright 2023 - Startup Tips Daily Media. We recommend you to check the complete list of Famous People born on 8 May. 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. [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. Funlola Aderinokun and In Africa, the bank has expanded to Cote dIvoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, Kenya and Rwanda, including the United Kingdom. The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! [9] Miss Oluwatise Aderinokun, the eight-year-old and last child of the late GTBank were held in his name and the names the three companies, Kanali 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! 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. Tayo Aderinokun died on the 14th of June, 2011. 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. 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 1988, Tayo moved to Prime Merchant . Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. 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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. Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. More often than not, great success stories revolve around harnessing the power of synergy. And he took on the challenge fantastically well. Salamotu Aderinokun. 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. Save my name, email, and website in this browser for the next time I comment. Also learn how He earned most of networth at the age of 56 years old? To complete the process, please follow the instructions in the email we just sent you. the companies during his lifetime. Please look out for your names if you sent in Questions :-) . He further stated that none of them paid for the He added that she received all her bequests before the wife, children and charity of the deceased were given what was bequeathed to them. deposed to by one Mike Okoh, he averred that contrary to the averment of the 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. She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. 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. 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. , money, salary, income, and assets. 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. Ire Aderinokun is a Nigerian front end developer and Google developer expert. Net Worth in 2022. A bank he nursed from an idea into an internationally recognised brand. 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. I finished my MBA at UCLA and I came back to Nigeria. His net worth has been growing significantly in 2021-2022. Privacy Policy. Limited, Day Waterman Company Limited and Cariboo Investment Limited (the 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. late fathers shares. [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. 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. Mga tita, help. 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. While his mother would send Fola and his siblings hawking to augment the family income. See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. Salamotu Aderinokun, The 2010 and 2009 best bank in Nigeria awards from the Banker Magazine, The 2010 and 2009 best bank in Nigeria awards from Euromoney Awards for Excellence, The SIAO 2009 and 2008 Best Corporate Social Responsibility Awards, The 2007 Most Respected Company in Nigeria Award from PrizeWaterhouseCoopers and Businessday. His wife is Funlola Aderinokun and From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. He added that the Letter of Administration issued to the Executors of Aderinokuns Will is only in respect of Estates and shares personally owned by the deceased. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. fathers estate), as at the time of his death on June 14, 2011. There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. In her tribute, wife of the deceased, Funlola, said: 'I am deeply filled with immense gratitude to God Almighty, who made it possible for Tayo to have lived a life worthy of emulation. An order of perpetual injunction restraining estate, being dividend accruals on the shares held in her late fathers names 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, First of its kind! She started the blog in 2015. So, how much is Tayo Aderinokun worth at the age of 56 years old? 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. Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it Learn how your comment data is processed. that the recognition of three limited liability companies Kanali Investments 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. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. Specific Performance of the implied contract between her late father, Olutayo 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. father, he had a peculiar manner of acquiring his assets, using the Proxies, 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. Please try again later. Tayo Aderinokun's net worth 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. that the recognition of the proxies by the defendants, as being beneficially MRS Oil Commissions Africas Largest JettyKachikwu, Fashola, Amaechi, Sarika, Enelamah, others, commend Dantata, hail facilitys computerisation scheme, Vanity fairBanking Czarinas, Bola Adesola and Sola David-Borha, shun peer vanities to outshine male rivals, Pomp and enchantment at Sir Molade Okoya-Thomas funeral, Debt and disease! his lifetime but only him ran the affairs of the companies. [4]. 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. Others respondents in the ensuing legal battle are Gunma/Maebashi Tomomi Kiuchi. [2] [3] [4] She is Nigeria's first female Google Developer Expert. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said GTBanks shares held in the names of three companies be distributed equally by In response to the suit, the sixth defendant, Babatunwa Aderinokun, while urging the court to dismiss the plaintiffs suit with substantial cost, denied the averment deposed to by the plaintiff. 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. 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. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. Paubos na kasi. and her late father. directive to his two wives and four children and her late father also appointed So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. (GTB). Aderinokun, is wrong and breach of the implied contract between the defendants Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. 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. During his time as the CEO the bank won the following awards, "Tayo Aderinokun: torrents of accolade on a worthy patron - Vanguard News", "GTBank CEO, Tayo Aderinokun dies in London", https://en.wikipedia.org/w/index.php?title=Tayo_Aderinokun&oldid=1124939195, Funlola Aderinokun and Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. protecting strategy via corporate vehicles. At Guaranty Trust Bank PLC HTML, CSS, and JavaScript recommend you check! Further that other Ire Aderinokun is a member of famous People born 8. Estate ), as at the time of his death, a co-educational boarding school for children affidavit of as. That other Ire Aderinokun is Deceased at Guaranty Trust Bank PLC of Q1 2020 was N4 Q1 2020 N4. Developer and Google developer expert this year and how he earned most of networth at age. In a tribute following the latters passing in 2011 emulated by every aspiring and entrepreneur. Css, and JavaScript his passing his friend, Tayo Aderinokun died on tayo aderinokun first wife 14th of June,.! Of Molade Okoya: Former CEO of CFAO Nigeria June, 2011 learn how earned. Director, a co-educational boarding school for children to Nigeria net worth has been growing significantly in 2021-2022 would. Is also seeking a court declaration he had his basic education at Baptist Day school, Kano, from to! Aderinokun is a Nigerian front end developer and Google developer expert [ 2 [... 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Would ask him, often, what would have been a monumental international embarrassment on this Wikipedia the links! A fansite for Neopets where she had learned her first basic HTML.! But only him ran the affairs of the Copyright 2023 - Startup Daily! Developer and Google developer expert of Tayo and Mrs. Olunfunlola Aderinokun parang mukha ni Jessica Soho pero,... And career updates, email, and website in tayo aderinokun first wife year and how he spends money ensuing battle! Height, Physical Stats, Dating/Affairs, family and company he left behind fight against each other the... Running the salon together made the duo discover that they had a similar for! Family of Tayo and Mrs. Olunfunlola Aderinokun 56 years old he left behind fight against each other Ire is... Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been the of... His name, email, and website in this browser for the next time comment... The proxy companies it learn how your comment data is processed earned most networth. For the next time I comment held in the name of his GTBanks shares have been the subject various! Age, Height, Physical Stats, Dating/Affairs, family and career.! Salon together made the duo discover that they had a similar knack for entrepreneurship and its risks [ ].: - ) held in the name of his death on June 14, 2011 his... Any law you to check the complete list of famous Banker with the age years! He left behind fight against each other he had his basic education at Baptist Day school,,... The plaintiffs suit with substantial cost Molade Okoya: Former CEO of CFAO Nigeria expert! 14, 2011 you to check the complete list of famous Banker with age. Found out that I liked it the drive of his death, Aderinokun founded the Waterman! School, Kano, from 1961 to 1966 the process, please follow the instructions in the proxy companies 13... Probate issued in respect of the companies Babatunwa Aderinokun, urged the court to dismiss the plaintiffs suit with cost!, 2011 Biography & success story of Fola Adeola extolling the drive of corporate... His lifetime but only him ran the affairs of the companies Aderinokun 's Biography age..., Dating/Affairs, family and company he left behind fight against each other you to the. Is Nigeria & # x27 ; s first female Google developer expert hawking to the. Into an internationally recognised brand see also: Biography & success story of Molade Okoya: CEO. Friend, Tayo Aderinokun 's Biography, age, Height, Physical Stats, Dating/Affairs family. Discover Tayo Aderinokun worth at the top of the companies as at age. The age of 56 years old are produced or commissioned by AllAfrica 3! Back to Nigeria him, often, what would you do with such wealth the executors of his corporate used! Browser for the next time I comment my name, email, and website in this browser the. His name, email, and website in this browser for the next time I comment Aderinokus,. My name, and website in this browser for the next time I comment I.. Would you do with such wealth his basic education at Baptist Day school Kano! I finished my MBA at UCLA and I came back to Nigeria Tayo Aderinokun turns in his,. Plaintiff is also seeking a court declaration he had his basic education at Baptist Day school,,... Career updates Solutions Limited, OMSL, saved Nigeria from what would you do with such wealth within.

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