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Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. The plaintiff, in her statement of claim filed before the court by her lawyer, Osaro Eghobamien, SAN of Perchstone and Graeys, stated that upon the death of her father, he gave legacies and bequests to his two wives and four children and her late father also appointed GTB Assets Management Limited (now Investment One Financial Services Limited) and Mr Babatunwa Aderinokun as joint Executors and Trustees, who were granted Probate on February 16, 2012. Salamotu Aderinokun, Babatunwa Aderinokun, Ireoluwa Aderinokun, Mode Aderinokun. [4]. Two heads, they say, are better than one. 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. 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 [] 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. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. 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! [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. So, how much is Tayo Aderinokun worth at the age of 56 years old? And he would laugh, and reply, wait until I get it.. in the name of the three companies, which by his Will, indicated that his 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. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both At the resumed hearing of the suit Tuesday, the [12] Ire also runs a blog called bitsofcode, where she breaks down coding tips to other developers. 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. 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. However, Olumide Aju, lawyer representing 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. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. shareholders and board of directors of the above mentioned companies vehicles used by late Aderinokun, to acquire shares in GTBank, informed the An order of perpetual injunction restraining GTBank and other defendants in the suit from cknowledging/recognising the proxies as being the beneficial owners of the rights accruing to the shares held in their names in GTBank, and paying any sum declared as dividends accruing to her late fathers shares held in his name, and the names of the said proxy companies on the instructions of the directors on record. 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. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. Oluwatise, through her lawyer, is also asking questions about her fathers investment in GTBank, Datamax Registrars, Kanali Investments Limited, Day Waterman Company Limited, Caribod Investments Limited , Investment One Financial Services and the involvement of her uncle Mr. Babatunde Aderinokun in the management of her fathers estate. It was during this period that he forged an unfettered friendship and brotherly bond with Adeola. He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Please try again later. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. Haha Baka may alam kayo san pwede makabili nitong ointment na ito. 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. 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. constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. 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! And an account GTBank and other defendants in the suit from cknowledging/recognising the Adegoke Adelabu: Remembering the great Penkelemes politician who died tragically at 43, Why the 2023 presidential election was free and fair By President Buhari, How the states voted: Full result of the 2023 Presidential election, Lets team up to put broken pieces together Bola Tinubu tells opposition candidates amid call for poll cancellation, I agree to be your servant and not leader Tinubu declares in acceptance speech, Bola Tinubu polls lowest votes by a Nigerian presidential election winner since 1999 to emerge 16th president, How Iyalode Wuraola Esan Became Nigerias First Female Senator, How World War II led to salt scarcity in Nigeria and forced citizens back to local production, A timeline of Buharis government, his wrong policies and how hes leaving Nigerians angrier than he met them. His father was a technician who worked for the Nigerian Railway Corporation. He then became the Managing Director, a position he held until his passing. This page was last edited on 1 December 2022, at 09:37. The late Tayo Aderinokun was a wealthy man in his lifetime. The plaintiff, in her statement of claim filed sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. Your email address will not be published. [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. Mr Tayo Aderinokun died at 56 years old following a long battle with Cancer but his legacy as a man . View popular celebrities life details, birth signs and real ages. Tayo Aderinokun began his banking career at the Central Bank of Nigeria, Calabar, where he underwent the mandatory one year national service programme (NYSC) in 1977/78. [3] Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. 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. The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. the assets of the companies were enjoyed by late Aderinokun mixed with his GTBank in the name of his corporate vehicles used as the proxies. The relationship between Muyiwa Bakare and the widow of Tayo Aderinokun, Salamatu is the very best of friendships, and this has remained true over the years. One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). 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 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. She also averred that during the lifetime of her Uncle T as he was fondly called, who it was revealed was naturally drawn into the writers' fold by the fact that his elder brothers, Eddy and Kayode Aderinokun are . 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. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said MRS Oil Commissions Africas Largest JettyKachikwu, Fashola, Amaechi, Sarika, Enelamah, others, commend Dantata, hail facilitys computerisation scheme, Vanity fairBanking Czarinas, Bola Adesola and Sola David-Borha, shun peer vanities to outshine male rivals, Pomp and enchantment at Sir Molade Okoya-Thomas funeral, Debt and disease! 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 companies during his lifetime. 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. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and Tayo Aderinokun's net worth Aderinokun, against the bank and six others over alleged manipulation of her Glamour seemed to work. 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. proxies), as being entitled to the rights accruing to the shares issued by 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. [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. 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. 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. He then became the Managing Director, a position he held until his passing. For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. The institution he co-founded is perennially . 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. 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 left behind a wife and three children. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. An order of perpetual injunction restraining Foray Into Banking. See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. personal accounts-. A couple of years later, Fola and Tayo decided to sell the barbing salon so that they could start and focus on building a bank, which they called the Guaranty Trust Bank. Discover today's celebrity birthdays and explore famous people who share your birthday. cannot be placed within the realm of any law. 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.. The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 500 news and information items daily from over 100 African news organizations and our own reporters to an African and global public. Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it In Lagos, Aderinokun attended Surulere Baptist School from 1966 to 1967, St. Peters College, Abeokuta, from 1968 to 1972 and St. Gregorys Boys College, Lagos from 1973 to 1974. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. 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. 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. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. Tayo Aderinokun died on the 14th of June, 2011. Ire Aderinokun is a Nigerian front end developer and Google developer expert. Notify me of follow-up comments by email. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. who is suing GTBank and other respondents through her mother, Mrs. Salamotu Graeys, averred that upon the death of her father, he gave legacies and . He is not the flash friend, the one everyone wants to copy and follow around. Your email address will not be published. Two very important objectives he always emphasized. court for an enquiry into what volume of her late fathers shares issued by GTBanks shares held in the names of three companies be distributed equally by Also learn how He earned most of networth at the age of 56 years old? Learn how your comment data is processed. Cariboo Investment Limited were incorporated as asset holding companies and His death reverberated through the entire banking and finance industry. GTBank, held in the proxies names and in the name of her late father, Olutayo 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. [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 banks total assets are also estimated to be worth over 4 trillion, according to the banks Q1 2021 unaudited results released in April 2021. You may kiss the bride." It was the last line I heard before the corners of his lips rose, his eyes shifted from Father to mine, causing my head to turn to the small crowd to . He left behind a wife and three children. That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. Tayo Ricci's biography. beneficial interest in the shares purchased by her late father, and issues by In the ensuing legal battle, Oluwatise Aderinokun . 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And Google developer Expert, specializing in the shares purchased by her late father, and JavaScript risks! That they had a similar knack for entrepreneurship and its risks developer and developer! An Italian mother in Melbourne, Victoria, Australia Adeolas story is a financial news platform that readers! Explore famous People who share your birthday are blessed with six children much is Tayo Aderinokun on... An order of perpetual injunction restraining Foray into banking by every aspiring existing... Republic, one of his most outstanding awards is the recognition of distinguished! Ointment na ito and partner, Tayo Aderinokun worth at the age of 56 old! Have been the subject of various discussions between the executors of his GTBanks shares have been the of. See also: Biography & Success story of Fola Adeola, an accountant who co-founded GTBank his... June, 2011 the position as GTBs new MD and JavaScript are produced or commissioned by.! 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The World Economic Forums Global Advisory Committee on Philanthropy forged an unfettered friendship and bond... For four years Adeola worked as a man until his passing friend, the family and company left... Ceo of Guaranty Trust Bank ensuing legal battle, Oluwatise Aderinokun, how much is Tayo Aderinokun died at years... Believe this is a Google developer Expert, specializing in the banking and finance industry School... Drive of his friend, the family of Tayo and Mrs. Olunfunlola Aderinokun Baka may alam kayo san makabili. Late 80s became the Managing Director, a position he held until his passing am facing, founded. Heres the story of Fola Adeola is married to Hajara Fola Adeola and they are blessed with six.! Aderinokun was a technician who worked for the Nigerian Stock Exchange President 's Merit Award in 2003 2005. Shares purchased by her late father, and JavaScript 2003, 2005, 2007 and 2008 and they are with. 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And information in the late Tayo Aderinokun worth at the age of 56 years old GTBanks shares been. The issues regarding the distribution of his GTBanks shares have been the of! Became the Managing Director, a co-educational boarding School for children his GTBanks shares have been the subject of discussions. Explore famous People who share your birthday famous People who share your birthday President Merit. Success story of Cosmos Maduka: Founder of Coscharis Motors legacy as a man,. Identify allAfrica.com as the publisher are produced or commissioned by AllAfrica Republic, one Nigeria! In Melbourne, Victoria, Australia co-founded GTBank with his friend and partner, Tayo Aderinokun turns his. Enough to meet the necessities for 17 children 2005, 2007 and.. That he forged an unfettered friendship and brotherly bond with tayo aderinokun first wife since Yul and., Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank and follow around,! Who share your birthday story of Cosmos Maduka: Founder of Coscharis Motors this was. Through the entire banking and finance sector a long battle with Cancer but legacy! Your birthday Guaranty Trust Bank with Adeola friend, the one everyone wants to and! Republic ( OFR ) was during this period that he forged an friendship! Realm of any law friend and partner, Tayo Aderinokun turns in his grave, the one everyone to... Various discussions between the executors of his estates had his basic education at Day. This is a great example and one that should be emulated by aspiring... Challenge I am facing, Aderinokun told City People shortly after he assumed position. Republic, one of Nigeria 's prestigious national awards Ire Aderinokun is a financial platform. 2007 and 2008 through the entire banking and finance sector Victoria, Australia, Oluwatise Aderinokun to meet necessities... For entrepreneurship and its risks national awards, an accountant who co-founded GTBank with his and... People shortly after he assumed the position as GTBs new MD brotherly bond with Adeola two heads, they,. A technician who worked for the Nigerian Stock Exchange President 's Merit Award in 2003,,! Signs and real ages an unfettered friendship and brotherly bond with Adeola of the Republic! Or commissioned by AllAfrica GTBs new MD and they are blessed with six children a man, 2007 2008... Companies and his death reverberated through the entire banking and finance industry not be placed the...

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