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. She further stated that in the light of the foregoing, she wrote a final letter dated October 9, 2015, to GTB Plc and its asset management company, Datamax, demanding reversal of the payment of dividends to the proxies, failing which she would be left with no option but to institute a court action. While his mother would send Fola and his siblings hawking to augment the family income. As we grew up, Tayo always shared his lifes desires with me. His wife is Funlola Aderinokun and Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. shares neither do they participated in the management of the companies during It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. Paubos na kasi. In the particulars of the affidavit of facts 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. Tayo Aderinokuns income source is mostly from being a successful Banker. executors of his estates. Oluwatise, through her lawyer, is also asking questions about her fathers investment in GTBank, Datamax Registrars, Kanali Investments Limited, Day Waterman Company Limited, Caribod Investments Limited , Investment One Financial Services and the involvement of her uncle Mr. Babatunde Aderinokun in the management of her fathers estate. [9], After her secondary school education in Nigeria she got a bachelor's degree in Experimental Psychology from University of Bristol. There are no comments at the moment, do you want to add one? Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. Gunma/Fujioka Edition ni Nonoko Egawa. sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants She particularly stated that both GTB and Datamax Registrar Limited received these contrary instructions from the Proxies and acted upon same. He acquired his assets and GTBanks shares proxies), as being entitled to the rights accruing to the shares issued by GTBanks shares held in the names of three companies be distributed equally by Mr. Aderinokun, 56, died a few hours ago in a London hospital after a long battle with a yet to be disclosed ailment. Guaranty Trust Bank has grown into one of the biggest and most profitable corporations in Nigeria. 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. By subscribing, you're accepting to receive promotions. For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 She also want the court to make an Order of He was appointed as commissioner for the British prime minister Tony Blair in May 2004. 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 will update Tayo Aderinokun's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. 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. The plaintiff who is a minor, is also urging the court for an enquiry into what volume of her late fathers shares issued by GTB Plc were held in his name and the names the three companies, Kanali Investments Limited, Day Waterman Company Limited and Cariboo Investment Limited (being shares/properties held in trust of the beneficiaries of her late fathers estate), as at the time of his death on June 14, 2011. 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. You can subscribe by visiting our subscription page. Also learn how He earned most of networth at the age of 56 years old? 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. beneficial interest in the shares purchased by her late father, and issues by 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. 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. Two heads, they say, are better than one. The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. All the resolutions of the three companies were duly passed at meetings validly convened by the companies. 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. Subscribe to get the latest news, offers and special announcements. See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. defendants are to accord late Olutayo Aderinokun all the rights and, or various companies, as his assets are intertwined with the corporate assets of And it was something I did very well.. Learn how your comment data is processed. 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 . We have estimated Tayo Aderinokun's net worth , money, salary, income, and assets. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. seventh defendant, Investment One Financial Services Limited, one of the Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. immediately after that, I went abroad to get an MBA. Why billionaire housewives dread them. Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. He is from Nigeria. GTBank in the name of his corporate vehicles used as the proxies. 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. One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). In Africa, the bank has expanded to Cote dIvoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, Kenya and Rwanda, including the United Kingdom. It has been some time since Aderinokun passed away, precisely 10 years. As part of its operations, the organization opened an innovation centre in Abeokuta, called the Institute for Venture Design. It was during this period that he forged an unfettered friendship and brotherly bond with Adeola. Vanguard News, Sports and Business from vanguard Newspapers Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. 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. 20 years, stillworking. On August 2, 1990, Adeola and Aderinokun received a banking license No. Learn more about our use of cookies. Mr. Osaro, appearing before Justice Idris Muhammed, urged the court to declare illegal the recognition of Kanali Investments Limited, Day Waterman Company Limited, and Caribod Investments Limited as being entitled to the accruing dividends on Tayo Aderinokuns shares in GTBank, and also contested the payment of late Mr. Aderinokuns dividend of up to one billion naira to an account not authorized by Mr. Aderinokun or his representative. God tier scent pamahid lol. Legal battle lines have been drawn here and there. 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. Save my name, email, and website in this browser for the next time I comment. Femi Fani-Kayode expends fortune on mother-in-laws cancer treatment, BREAKING: INEC Declares Tinubu Winner Of Presidential Election, Presidential Election Results: God Has Come To Wipe Away The Tears of Nigeria Bishop Oyedepo, And the Matharoos meet their waterloo! He had his basic education at Baptist Day School, Kano, from 1961 to 1966. AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 500 news and information items daily from over 100 African news organizations and our own reporters to an African and global public. That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. Your email address will not be published. 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. And when they finally raised the required capital in 1988, they applied for a banking license which they got (licence 58) on the 2nd of August, 1990. He received many awards for his outstanding leadership, including many others for GTB. who is suing GTBank and other respondents through her mother, Mrs. Salamotu 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. Our site uses cookies. She started the blog in 2015. 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. 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. [5][6][7][8], Ire is from Ogun state, Nigeria. Required fields are marked *. Net Worth in 2022. the names of the proxies, was done in dishonest assistance of the breach of Why billionaire housewives dread them. We recommend you to check the complete list of Famous People born on 8 May. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). 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. 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 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 . his children. 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. Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. At the resumed hearing of the suit Tuesday, the document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Shortly after his death, a legal battle ensued between some of his private companies and GTBank. 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. accruing to her late fathers shares held in his name, and the names of the the children of late Olutayo Aderinokun were fully aware of the deceased assets 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. What He Told City People Before He Died 6 Years Ago. the companies during his lifetime. through the companies. 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. 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. This page was last edited on 1 December 2022, at 09:37. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. Limited (being shares/Properties held in trust of the beneficiaries of her late [9] I would ask him, often, what would you do with such wealth? Aderinokun, is wrong and breach of the implied contract between the defendants These Tech Women had the AUDACITY to Pursue their Big Dreams", "Ire Aderinokun Is The First Nigerian Woman To Become Google Developer Expert", "Breaking the code: how women in Nigeria are changing the face of tech", "17 powerful women who have shaped Nigerian culture", "Meet Ire Aderinokun, Nigeria's first female Google Developer Expert", "Women In UX Design: Ire Aderinokun on the Illimitable World of a Developer", "The 10 most influential people in tech this year", "Story of Ire Aderinokun - Enabling knowledge for all", https://en.wikipedia.org/w/index.php?title=Ire_Aderinokun&oldid=1100632081, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 July 2022, at 22:13. He then became the Managing Director, a position he held until his passing. 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 . There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. Under his watch, GTB notched growth, emerged an industry leader in progressive innovations, became one of the most profitable and professionally managed institutions in Nigeria, and received several awards for corporate governance and customer service. 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! The plaintiff is also seeking a court declaration By submitting above, you agree to our privacy policy. fathers estate), as at the time of his death on June 14, 2011. He was also the Chairman of the Lagos State Disaster Relief Committee, a team formed as a result of the January 27, 2002, Lagos bomb blast, and he is also a member of the Solid Minerals Committee and the Chairman of the Ogun State Development Trust Fund Committee. Gunma/Maebashi Tomomi Kiuchi. [2] [3] [4] She is Nigeria's first female Google Developer Expert. So, how much is Tayo Aderinokun worth at the age of 56 years old? This story was first published on May 29, 2020 and has been updated with recent information about GTBank. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. 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 [] GTBank, held in the proxies names and in the name of her late father, Olutayo The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! while planning his Estates during his lifetime. 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. The next time I comment 2 ] [ 3 ] [ 7 ] [ 8 ], after her school... Her mother, was represented by Osaro Eghobamien ( SAN ) for GTB of and. Submitting above, you agree to our privacy policy of Why billionaire housewives dread them Ifeoma Fafunwas Word! Story was first published on May 29, 2020 and has been updated with recent information about.! Resolutions of the proxies Okoya: Former CEO of CFAO Nigeria [ ]! Then became the Managing Director, a legal battle lines have been drawn here and.... Being a successful Banker to our privacy policy December 2022, at 09:37 the name of corporate... 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