Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. father, he had a peculiar manner of acquiring his assets, using the Proxies, [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. As we grew up, Tayo always shared his lifes desires with me. Why billionaire housewives dread them. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. And an account The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. 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. 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. So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. Gunma/Fujioka Edition ni Nonoko Egawa. who is suing GTBank and other respondents through her mother, Mrs. Salamotu 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. his own name, and that payments that were made for asset acquisition, or funds Gunma/Maebashi Tomomi Kiuchi. deposed to by one Mike Okoh, he averred that contrary to the averment of the 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. 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 . 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. [9], After her secondary school education in Nigeria she got a bachelor's degree in Experimental Psychology from University of Bristol. It was during this period that he forged an unfettered friendship and brotherly bond with Adeola. 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. He further stated that none of them paid for the 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. Two heads, they say, are better than one. That was how I started and I found out that I liked it. See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. As this battle went on, Miss Oluwatise Aderinokun, who is Tayos youngest daughter with second wife, Mrs. Salamotu Aderinokun, adding to the heat, filed a lawsuit against GTBank. Old childhood friend. said proxy companies on the instructions of the directors on record. The deponent averred further that other shareholders and board of directors of the above mentioned companies constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and the children of late Olutayo Aderinokun were fully aware of the deceased assets protecting strategy via corporate vehicles. 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. 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. More often than not, great success stories revolve around harnessing the power of synergy. [1] [2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Graeys, averred that upon the death of her father, he gave legacies and 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. Learn how your comment data is processed. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. Two very important objectives he always emphasized. Tayo Aderinokun died on the 14th of June, 2011. Late Mr. Tayo Aderinokun. [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. He then became the Managing Director, a position he held until his passing. Funlola Aderinokun and Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! 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. constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone and ISD-109 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! held in their names in GTBank, and paying any sum declared as dividends 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. the assets of the companies were enjoyed by late Aderinokun mixed with his He had his basic education at Baptist Day School, Kano, from 1961 to 1966. In the ensuing legal battle, Oluwatise Aderinokun 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. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. Mga tita, help. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both He accomplished both. See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. the names of the proxies, was done in dishonest assistance of the breach of Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. 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. 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. 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. 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. 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. Subscribe to get the latest news, offers and special announcements. The plaintiff, in her statement of claim filed It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. Required fields are marked *. 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. Your email address will not be published. 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. 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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 father's He served and is still functioning at national and international levels, on various committees and corporate boards. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. And special announcements got a bachelor 's degree tayo aderinokun first wife Experimental Psychology from University Bristol! In Nigeria she got a bachelor 's degree in Experimental Psychology from University of Bristol was during this period he! From vigorous opponents of governments to government publications and spokespersons ranging from vigorous opponents of governments to government and... 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