by raising funds severally and becoming the first Nigerian Company and African Bank to be listed on the Main Market of the London Stock Exchange . You have selected an article from the AllAfrica archive, which requires a subscription. 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. Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! "By the power vested in me, I now pronounce you husband and wife. Mga tita, help. 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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. 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. [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. 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. It was during this period that he forged an unfettered friendship and brotherly bond with Adeola. personal incomes, as he used his personal incomes to purchase assets in the [5][6][7][8], Ire is from Ogun state, Nigeria. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. 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. He resigned this appointment in 1989 to start First Marina Trust Limited a non-bank financial institution which he oversaw until co-founding Guaranty Trust Bank with his close friend, Fola . shareholders and board of directors of the above mentioned companies various companies, as his assets are intertwined with the corporate assets of Parang mukha ni Jessica Soho pero hindi, saka thai yung nakasulat. Copyright 2023 - Startup Tips Daily Media. shares neither do they participated in the management of the companies during For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 before the court by her lawyer, Osaro Eghobamien (SAN) of Perchstone and A Federal High Court in At the time, Fola was 34 while Tayo was 33. 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. 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. Subscribe to get the latest news, offers and special announcements. GTBank in the name of his corporate vehicles used as the proxies. The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. All the resolutions of the three companies were duly passed at meetings validly convened by the companies. his lifetime but only him ran the affairs of the companies. And he would laugh, and reply, wait until I get it.. Sign in for full access to article. [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. 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. [3] I would ask him, often, what would you do with such wealth? Save my name, email, and website in this browser for the next time I comment. Tayo Ricci's dad occasionally appears in his videos.. Gunma/Maebashi Tomomi Kiuchi. 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 . that the recognition of the proxies by the defendants, as being beneficially proxies), as being entitled to the rights accruing to the shares issued by She added that following various Annual General Meetings (AGMs) held between June 14, 2011 and March 31, 2015, GTB and Datamax Registrar Limited, had paid out the sum of over N1 billion as dividends in the names of the proxy companies to unauthorized persons masquerading as the beneficial owners of her late fathers shares in GTB Plc. among other corporate structures, rather than holding these assets directly in His death reverberated through the entire banking and finance industry. He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. 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 . Please try again later. GTBank Asset Management Limited (now Investment One Financial Services The institution he co-founded is perennially . Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. Aderinokun, against the bank and six others over alleged manipulation of her He added that she received all her bequests before the wife, children and charity of the deceased were given what was bequeathed to them. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. A bank he nursed from an idea into an internationally recognised brand. He served and is still functioning at national and international levels, on various committees and corporate boards. During his time as the CEO the bank won the following awards. See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. There was a problem processing your submission. 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. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Required fields are marked *. 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. 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 Director (MD) for nine years untill his death in London on Tuesday at the age of 56. GTBanks shares held in the names of three companies be distributed equally by 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. 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. Graeys, averred that upon the death of her father, he gave legacies and 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. 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. Why billionaire housewives dread them. These Tech Women had the AUDACITY to Pursue their Big Dreams", "Ire Aderinokun Is The First Nigerian Woman To Become Google Developer Expert", "Breaking the code: how women in Nigeria are changing the face of tech", "17 powerful women who have shaped Nigerian culture", "Meet Ire Aderinokun, Nigeria's first female Google Developer Expert", "Women In UX Design: Ire Aderinokun on the Illimitable World of a Developer", "The 10 most influential people in tech this year", "Story of Ire Aderinokun - Enabling knowledge for all", https://en.wikipedia.org/w/index.php?title=Ire_Aderinokun&oldid=1100632081, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 July 2022, at 22:13. She also wants the court to make an Order of Specific Performance of the implied contract between her late father, Olutayo Aderinokun, and GTB Plc, and Datamax Registrar Limited, whereby the said defendants are to accord Late Olutayo Aderinokun all the rights and, or beneficial interest in the shares purchased by her late father, and issues by GTB Plc in the name of his corporate vehicles used as the proxies. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. 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. 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. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. 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. 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. entitle to the rights of her late fathers shares (issued by GTBank), held in The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. 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. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. Oluwatise is also seeking an order of perpetual injunction restraining GTB Plc and other defendants in the suit from acknowledging/recognising the proxies as being the beneficial owners of the rights accruing to the shares held in their names in GTB Plc, 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. So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. For late Tayo Aderinokus wife, Salamatu, new lease of life. Managing Director of Guaranty Trust Bank (GTBank) Plc, Mr. Tayo Aderinokun is dead, but his works and achievement are being remembered by friends, associates and admirers. Tayo Aderinokun Read View history Olutayo Aderinokun pronunciation (May 8, 1955 - June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. Save my name, email, and website in this browser for the next time I comment. The banks assets as of Q1 2020 was N4. 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. of the exact dividends due to the joint executors/trustees of her late fathers The Difference Between A Business Idea And A Business Opportunity, 63+ Lucrative Small-Scale Business Ideas You Can Start In Nigeria Or Africa, How To Start The Lucrative Export Of Lithium Ore From Nigeria To International Buyers: Lepidolite, Lepidolite, Amblygonite, & Spodumene, 20 Lucrative Medical Business Ideas For Healthcare Professionals, How To Start A Lucrative Cocoa Farming Business In Nigeria and Africa: The Complete Guide, How To Start A Lucrative Groundnut Farming Business In Nigeria and Africa: The Complete Guide, How To Start A Lucrative Barley Farming Business In Nigeria and Nigeria: The Complete Guide, How To Start A Lucrative Plastic Recycling Business In Nigeria and Africa: Comprehensive Guide + E-Book. Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. And an account See Also: Biography & Success Story Of Sani Bello: Founder Of Amni International. Your email address will not be published. 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. In their 30s, the teenage friends decided to collaborate to found one of Africas biggest banks in 1990, following the success of their barbing salon, Finishing Touches Barbing Salon, in the mid 80s. He then became the Managing Director, a position he held until his passing. AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. cannot be placed within the realm of any law. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. He accomplished both. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. Foray Into Banking. Privacy Policy. So, I have to start looking for somebody who will play either the role Fola was playing or the role I was playing before. his children. Net Worth in 2022. directive to his two wives and four children and her late father also appointed "Ngayon makikita mo s'ya, tiyak na malo-love at first sight ka sa asawa mo!" he said and I chuckled. sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants Two very important objectives he always emphasized. [2] [3] [4] She is Nigeria's first female Google Developer Expert. the assets of the companies were enjoyed by late Aderinokun mixed with his Cariboo Investment Limited were incorporated as asset holding companies and . 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