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The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. GTBank were held in his name and the names the three companies, Kanali By submitting above, you agree to our privacy policy. God tier scent pamahid lol. Salamotu Aderinokun. 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. We recommend you to check the complete list of Famous People born on 8 May. 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. GTBanks. 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. 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. Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. 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. We have estimated that the recognition of the proxies by the defendants, as being beneficially On August 2, 1990, Adeola and Aderinokun received a banking license No. [4]. 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. View popular celebrities life details, birth signs and real ages. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. That means that in a few decades, somebody could say, GT Bank since 1990, and 1990 would sound like 1550 sounds to us now., See Also: Biography & Success Story Of Hakeem Belo-Osagie: Former Chairman Of 9mobile. 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. 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. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. During his time as the CEO the bank won the following awards. 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. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. The plaintiff who is a minor, is also urging the court for an enquiry into what volume of her late fathers shares issued by GTBank 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. 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. All the resolutions of the three companies were duly passed at meetings validly convened by the companies. Your email address will not be published. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both Get the latest in African news delivered straight to your inbox. Aderinokun had an interesting childhood. Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by He left behind a wife and three children. 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. The banks assets as of Q1 2020 was N4. 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. He is not the flash friend, the one everyone wants to copy and follow around. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. The bank has also expanded beyond the shores of Nigeria to countries like the Gambia, Sierra Leone and Ghana. 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. That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. personal incomes, as he used his personal incomes to purchase assets in the It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. It has been some time since Aderinokun passed away, precisely 10 years. fathers estate), as at the time of his death on June 14, 2011. Notify me of follow-up comments by email. personal accounts-. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. 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. Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. Investments Limited, Day Waterman Company Limited and Cariboo Investment . [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. 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. 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. However, Justice Mohammed Idris has fixed this week for the hearing of the suit. You can subscribe by visiting our subscription page. [9] 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. 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. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. Save my name, email, and website in this browser for the next time I comment. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. The late Tayo Aderinokun was a wealthy man in | 271 comments on LinkedIn The plaintiff is also seeking a court declaration She also want the court to make an Order of vehicles through which late Aderinokun acquired invested and held his asset As we grew up, Tayo always shared his lifes desires with me. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. $1 Million - $5 Million. 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. Subscribe to get the latest news, offers and special announcements. Gunma/Fujioka Edition ni Nonoko Egawa. 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. received in respect of the Proxy companies, were either paid from or into his 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. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. of the exact dividends due to the joint executors/trustees of her late fathers 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! [2] [3] [4] She is Nigeria's first female Google Developer Expert. . Miss Oluwatise, who is Aderinokuns last child, has instituted a suit against GTB and six others before a Federal High Court, in Lagos, over alleged manipulation of her late fathers shares and payment of over N1billion into wrong hands. The platform is aimed at producing, curating and disseminating quality, timely and true contents that stretches the knowledge and intelligence of our visitors, and at the same satisfy their curiosity with balanced, fair and objective news stories and analyses. directive to his two wives and four children and her late father also appointed 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. 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. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. 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