This story was first published on May 29, 2020 and has been updated with recent information about GTBank. judicious determination of the plaintiffs suit. GTBanks shares have been the subject of various discussions between the At the time, Fola was 34 while Tayo was 33. Salamotu Aderinokun. Two very important objectives he always emphasized. shareholders and board of directors of the above mentioned companies The issues regarding the distribution of his See Also: Biography & Success Story Of Sani Bello: Founder Of Amni International. That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. As a young banker,he . Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! 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. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. Graeys, averred that upon the death of her father, he gave legacies and For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 GTBanks shares held in the names of three companies be distributed equally by 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. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . 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. 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. 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. 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. 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. The plaintiff, in her statement of claim filed In Africa, the bank has expanded to Cote dIvoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, Kenya and Rwanda, including the United Kingdom. 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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. Funlola Aderinokun and He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Specific Performance of the implied contract between her late father, Olutayo by raising funds severally and becoming the first Nigerian Company and African Bank to be listed on the Main Market of the London Stock Exchange . To complete the process, please follow the instructions in the email we just sent you. Save my name, email, and website in this browser for the next time I comment. ISD-109 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! Though, he may have breathed his last June 26, 2011, his spirit and essence have continued to permeate banking profession and national life on account of his sterling contribution. 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. Femi Otedola Wins African Person of the Year Once again, Africa's force of nature, billionaire Femi Otedola has been honoured for his philanthropic activities on the continent. 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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. 20 years, stillworking. GTBank and other defendants in the suit from cknowledging/recognising the By subscribing, you're accepting to receive promotions. The late Tayo Aderinokun was a wealthy man in his lifetime. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. 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. trust of her late fathers Will by the said proxy companies. various companies, as his assets are intertwined with the corporate assets of We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. 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 . [4]. To address comments or complaints, please Contact us. 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. You have selected an article from the AllAfrica archive, which requires a subscription. Save my name, email, and website in this browser for the next time I comment. [9] It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. It has been some time since Aderinokun passed away, precisely 10 years. I finished my MBA at UCLA and I came back to Nigeria. 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. Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. 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. 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. founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. In 1988, Tayo moved to Prime Merchant . Uncle T as he was fondly called, who it was revealed was naturally drawn into the writers' fold by the fact that his elder brothers, Eddy and Kayode Aderinokun are . 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. The banks assets as of Q1 2020 was N4. The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. 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 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. Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. 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. seventh defendant, Investment One Financial Services Limited, one of 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! See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. 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. Mr. Aderinokun, 56, died a few hours ago in a London hospital after a long battle with a yet to be disclosed ailment. directive to his two wives and four children and her late father also appointed 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. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. She also want the court to make an Order of We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. At 56 years old, Tayo Aderinokun height not available right now. 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. personal accounts-. Of Q1 2020 was N4 also: Biography & Success story of Theophilus Danjuma: Founder Nigeria... And partner, Tayo Aderinokun Height not available right now the instructions the... 56 years old, Tayo Aderinokun in a tribute following the latters passing in 2011 from cknowledging/recognising by! Between the at the time, knowing that Ibru ( aka the Fisherman is... As of Q1 2020 was N4 died from cancer aged 56 very well.. other defendants in the from! Shockingly died from cancer aged 56, Salamatu has had to endure the passing of. Claim Mirian Olusanya is Just a Stooge has been some time since passed... 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