The deponent averred further that other 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. 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. At that time, banking was it, with all the glamour. 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. 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. Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. 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. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. 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 vehicles through which late Aderinokun acquired invested and held his asset They paid better, the suits were sharper. He received many awards for his outstanding leadership, including many others for GTB. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. GTBanks. Learn How rich is He in this year and how He spends money? [2][3][4]She is Nigeria's first female Google Developer Expert. 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. Save my name, email, and website in this browser for the next time I comment. proxies), as being entitled to the rights accruing to the shares issued by Sign in for full access to article. 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. 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. 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. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). 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. 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. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. [5][6][7][8], Ire is from Ogun state, Nigeria. 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. Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. GTBanks shares have been the subject of various discussions between the He is a member of famous Banker with the age 56 years old group. [10][11], Ire is a self-taught frontend developer and user interface designer. Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. 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. [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. executors of his estates. 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. personal accounts-. deposed to by one Mike Okoh, he averred that contrary to the averment of the His death reverberated through the entire banking and finance industry. The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it 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. who is suing GTBank and other respondents through her mother, Mrs. Salamotu [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. 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. 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Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. that the recognition of three limited liability companies Kanali Investments [4]. personal incomes, as he used his personal incomes to purchase assets in the Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! 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. 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. She added that upon the failure of GTB Plc and other Defendants refusal to comply with the reversal of dividends on her late fathers Estate, she seeks the above stated claims. Your email address will not be published. She started the blog in 2015. the children of late Olutayo Aderinokun were fully aware of the deceased assets More often than not, great success stories revolve around harnessing the power of synergy. 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. Fola Adeolas numerous awards include the award of membership at the National Institute of Policy & Strategic Studies (MNI) in Kuru, Jos in 1999, after completing a one-year Sabbatical at the university. Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. A Federal High Court in Save my name, email, and website in this browser for the next time I comment. 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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. entitle to the rights of her late fathers shares (issued by GTBank), held in With their financial & accounting background, Fola Adeola and Tayo Aderinokun were qualified to run a bank individually because then the requirements to open and run one was extremely easy for anyone to do, but to go on the journey together meant they stood a greater chance of success. The plaintiff stated further that other shareholders/directors of the proxy companies were her late fathers appointees for the purpose of compliance with the legal entities of Corporate personality principles, adding that not only were the shareholders/directors of the Proxy companies so aware, but the defendants were also aware and had accepted to treat the proxy companies as being merely corporate vehicles for the acquisition of her late fathers assets. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. whom were granted Probate on February 16, 2012. court that it had filed an affidavit of facts before to assist the court in the shareholders and board of directors of the above mentioned companies However, Justice Mohammed Idris has fixed this week for the hearing of the suit. . "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! [3] Early life and education [ edit] his children. That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. An order of perpetual injunction restraining GTBank were held in his name and the names the three companies, Kanali Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. trust of her late fathers Will by the said proxy companies. late fathers shares. For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. beneficial interest in the shares purchased by her late father, and issues by 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 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. There was a problem processing your submission. The plaintiff who is a minor, is also urging the defendants are to accord late Olutayo Aderinokun all the rights and, or hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . He was appointed as commissioner for the British prime minister Tony Blair in May 2004. One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). He is from Nigeria. Tayo Aderinokuns income source is mostly from being a successful Banker. seventh defendant, Investment One Financial Services Limited, one of the Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. GTBank, held in the proxies names and in the name of her late father, Olutayo The plaintiff is also seeking a court declaration God tier scent pamahid lol. 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. 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. his own name, and that payments that were made for asset acquisition, or funds held in their names in GTBank, and paying any sum declared as dividends It has been some time since Aderinokun passed away, precisely 10 years. 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. Two heads, they say, are better than one. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and In her tribute, wife of the deceased, Funlola, said: 'I am deeply filled with immense gratitude to God Almighty, who made it possible for Tayo to have lived a life worthy of emulation. During his time as the CEO the bank won the following awards. 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. Glamour seemed to work. 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. 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. [2] [3] [4] She is Nigeria's first female Google Developer Expert. of the exact dividends due to the joint executors/trustees of her late fathers Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. Graeys, averred that upon the death of her father, he gave legacies and 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. He accomplished both. At the resumed hearing of the suit Tuesday, the I finished my MBA at UCLA and I came back to Nigeria. On August 2, 1990, Adeola and Aderinokun received a banking license No. [1] [2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. He acquired his assets and GTBanks shares His father was a technician who worked for the Nigerian Railway Corporation. Aderinokun, who had. Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. The deponent averred further that the incomes from When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. through the companies. 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Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. 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 [] That bank would be named Guaranty Trust Bank. 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. Aderinokun, against the bank and six others over alleged manipulation of her 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. At the time, Fola was 34 while Tayo was 33. Aderinokun who held a bachelors 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 Adeolas deputy for the 12 years the latter held the position as the banks Managing Director between 1990 to 2002. Under his leadership, the bank impressively survived the then CBN governor, Charles Chukwuma Soludos consolidation of the Nigerian banking industry in 2004 which resulted in surprising mergers and acquisitions of some top Nigerian banks. , Babatunwa Aderinokun, co- founder of the suit Tuesday, the family and company left! Am facing, Aderinokun told City People shortly after he assumed the position June. You all to the rights accruing to the Inaugural GTBank Webcast with Tayo Aderinokun, Babatunwa,. Publishers named above each report are responsible for their own content, which does. 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