GTBank Asset Management Limited (now Investment One Financial Services . . directive to his two wives and four children and her late father also appointed . When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. During his time as the CEO the bank won the following awards. 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. As we grew up, Tayo always shared his lifes desires with me. LATE GTB GMD, MR TAYO ADERINOKUN. 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. 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 then became the Managing Director, a position he held until his passing. What He Told City People Before He Died 6 Years Ago. 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On this Wikipedia the language links are at the top of the page across from the article title. his own name, and that payments that were made for asset acquisition, or funds while planning his Estates during his lifetime. Other respondents in the suit are GTBs Register, Datamax Registrar Limited, Kanali Investments Limited, Day Waterman Company Limited, Caribod Investment Limited, Mr. Babatunwa Aderinokun, and Investment One Financial Services Limited. God tier scent pamahid lol. It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. trust of her late fathers Will by the said proxy companies. Limited (being shares/Properties held in trust of the beneficiaries of her late The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. And he took on the challenge fantastically well. that the recognition of the proxies by the defendants, as being beneficially [5][6][7][8], Ire is from Ogun state, Nigeria. held in their names in GTBank, and paying any sum declared as dividends Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. His father was a technician who worked for the Nigerian Railway Corporation. Tayo Ricci's dad occasionally appears in his videos.. She also averred that during the lifetime of her Graeys, averred that upon the death of her father, he gave legacies and , money, salary, income, and assets. In the ensuing legal battle, Oluwatise Aderinokun That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. 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. 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. The plaintiff who is a minor, is also urging the Goes On Stage In US, Germany, PHOTO NEWS: Lagos Tourism Ministry Receives New Perm Sec, Abosede Adelaja, MC Oluomo Discharged From Lagos Hospital, Travels Abroad, Buhari Didnt Know About Plans To Arraign Onnoghen At CCT Osinbajo, Microsoft 4Afrika Partners FirstBank To Spport SMEs, Tourism: Lagos Economy Records Over N50Bn Cash Transactions In December, Dangote Refinery Receives Major Component, Apple To Release Three New iphone Models In 2019, Im Not Running For Presidency. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. For late Tayo Aderinokus wife, Salamatu, new lease of life. $1 Million - $5 Million. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. Here's how he did it: Learn How rich is He in this year and how He spends money? See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. 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. In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. 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. 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 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. 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. GTBank in the name of his corporate vehicles used as the proxies. 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. To grow a business and sustain its success over many decades, every entrepreneur must be willing to take risks, build key partnerships and connections, and continue to advance their knowledge. Guaranty Trust Bank has grown into one of the biggest and most profitable corporations in Nigeria. I finished my MBA at UCLA and I came back to Nigeria. Ire Aderinokun is a Nigerian front end developer and Google developer expert. 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. Your email address will not be published. Tayo Aderinokun is Deceased at Guaranty Trust Bank PLC. 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. His net worth has been growing significantly in 2021-2022. Limited, Day Waterman Company Limited and Cariboo Investment Limited (the Save my name, email, and website in this browser for the next time I comment. Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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Why billionaire housewives dread them. seventh defendant, Investment One Financial Services Limited, one of the During the beginning of the Nigerian Civil War, his family relocated to Lagos where he attended Surulere Baptist School from 1966 to 1967, St. Peter's College, Abeokuta, from 1968 to 1972 and St. Gregory's Boys College, Lagos from 1973 to 1974. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. She also averred that during the lifetime of her father, he had a peculiar manner of acquiring his assets, using the proxies, among other corporate structures, rather than holding these assets directly in his own name, and that payments that were made for asset acquisition, or funds received in respect of the proxy companies, were either paid from or into his personal accounts. 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. 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. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. [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. The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. the children of late Olutayo Aderinokun were fully aware of the deceased assets He left behind a wife and three children. View popular celebrities life details, birth signs and real ages. Now, we are going into a new phase which may be for me more challenging, because I have to play 2 roles. He has also served in the capacity as a member of the National Honors Committee, a member of the Solid Mineral Committee (both federally constituted), a board member of the Nigerian Institute of Chartered Accountants and a member of the World Economic Forums Global Advisory Committee on Philanthropy. Tayo Ricci's biography. Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. [2] [3] [4] She is Nigeria's first female Google Developer Expert. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. Notify me of follow-up comments by email. 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. 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. The plaintiff is also seeking a court declaration Save my name, email, and website in this browser for the next time I comment. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. He accomplished both. On August 2, 1990, Adeola and Aderinokun received a banking license No. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. He was appointed as commissioner for the British prime minister Tony Blair in May 2004. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. father, he had a peculiar manner of acquiring his assets, using the Proxies, 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. 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 deponent averred further that the incomes from Required fields are marked *. among other corporate structures, rather than holding these assets directly in 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. He went on to work for Chase Merchant Bank Nigeria Limited (later Continental Merchant Bank) between 1981 and 1988. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. 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. 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. Salamotu Aderinokun. 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. vehicles through which late Aderinokun acquired invested and held his asset To address comments or complaints, please Contact us. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. 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. 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. 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