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. The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. 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. Paubos na kasi. Tayo Ricci's dad occasionally appears in his videos.. After his training at the ICAN Institute, he worked for some time in the public sector where he eventually rose to the position of the first Chairman of the National Pension Commission in Nigeria. Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. God tier scent pamahid lol. It has been some time since Aderinokun passed away, precisely 10 years. 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. He went on to work for Chase Merchant Bank Nigeria Limited (later Continental Merchant Bank) between 1981 and 1988. Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said To complete the process, please follow the instructions in the email we just sent you. 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. Copyright 2023 - Startup Tips Daily Media. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . 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. 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. his own name, and that payments that were made for asset acquisition, or funds before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone and 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. What He Told City People Before He Died 6 Years Ago. During his time as the CEO the bank won the following awards. Why billionaire housewives dread them. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. He also served as a board member with Tafsan Breweries and is a member of the Governing Council of Lagos State University. whom were granted Probate on February 16, 2012. 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. 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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. estate, being dividend accruals on the shares held in her late fathers names 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. shareholders and board of directors of the above mentioned companies 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. constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and 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. and her late father. However, Olumide Aju, lawyer representing Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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? Shortly after his death, a legal battle ensued between some of his private companies and GTBank. his children. Learn how your comment data is processed. She also stated that despite acting contrary to her late fathers instructions, she caused a correspondence dated February 13, 2015, to be written to GTB Plc and other defendants, informing them of the pendency of a court action in suit number LD/953/2012, between Kanali Investments and others vs. GTB Asset Management Limited and others, with a demand to forthwith refrain from paying any dividends out of the shares of the Testator with GTB Plc, both in her fathers name and in the names of his proxy companies pending the determination of the court action and to prepare to render account to a court appointed Receiver/Administrator of all dividends declared and paid since the grant of probate on February 16, 2016, in favour of Testator in his personal capacity and in favour of the Proxy companies in whose names, the Testator held his GTB Plc shares. "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! Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. To address comments or complaints, please Contact us. 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 . 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. So, how much is Tayo Aderinokun worth at the age of 56 years old? Aderinokun, who had. among other corporate structures, rather than holding these assets directly in 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.. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). Required fields are marked *. 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. 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. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. 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. Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. 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. In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. Two very important objectives he always emphasized. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. Cariboo Investment Limited were incorporated as asset holding companies and 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. He was presented with the African Person of the Year award. In 1988, Tayo moved to Prime Merchant . In the ensuing legal battle, Oluwatise Aderinokun There are no comments at the moment, do you want to add one? 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. 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. 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 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. 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. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. A bank he nursed from an idea into an internationally recognised brand. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). He is from Nigeria. GTBanks shares held in the names of three companies be distributed equally by GTBank and other defendants in the suit from cknowledging/recognising the For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. the children of late Olutayo Aderinokun were fully aware of the deceased assets sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. I Want Neusroom By Mail Tags 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. He is from Nigeria. 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. I finished my MBA at UCLA and I came back to Nigeria. 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. beneficial interest in the shares purchased by her late father, and issues by [3] One time vice presidential aspirant, he has worked on various development projects within and outside Nigeria and has served as an officer of the Federal Republic (OFR) in his capacity on the Blair Commission for Africa in 2002 as well as on the Board as Main Street Technologies Limited delegate. So, I have to start looking for somebody who will play either the role Fola was playing or the role I was playing before. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. Your email address will not be published. The issues regarding the distribution of his When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. The GTBank journey began when Fola Adeola and his friend, Tayo Aderinokun, pooled some resources together and decided to establish a barbing salon in Lagos, Ikoyi, called Finishing Touches Barbing salon. 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. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. At the resumed hearing of the suit Tuesday, the His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. He is not the flash friend, the one everyone wants to copy and follow around. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. who is suing GTBank and other respondents through her mother, Mrs. Salamotu vehicles used by late Aderinokun, to acquire shares in GTBank, informed the He received many awards for his outstanding leadership, including many others for GTB. Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. His wife is Funlola Aderinokun and For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. While his mother would send Fola and his siblings hawking to augment the family income. At 56 years old, Tayo Aderinokun height not available right now. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. 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. 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, EXPOSED! Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both while planning his Estates during his lifetime. I would ask him, often, what would you do with such wealth? He then became the Managing Director, a position he held until his passing. 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 . The plaintiff is also seeking a court declaration That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. And an account 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. Education at Baptist Day school, Kano, from 1961 to 1966 a legal battle, Oluwatise There., Abuja, Johannesburg, Nairobi and Washington DC February 16, 2012, both while planning his Estates his! The court to dismiss the plaintiffs suit with substantial cost position he held until his passing of Lagos University... 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