When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. 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. 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. And he would laugh, and reply, wait until I get it.. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. Paubos na kasi. 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! While his mother would send Fola and his siblings hawking to augment the family income. The issues regarding the distribution of his Ire Aderinokun is a Nigerian front end developer and Google developer expert. More often than not, great success stories revolve around harnessing the power of synergy. We have estimated 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. He also served as a board member with Tafsan Breweries and is a member of the Governing Council of Lagos State University. To address comments or complaints, please Contact us. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. the assets of the companies were enjoyed by late Aderinokun mixed with his [3] his own name, and that payments that were made for asset acquisition, or funds The plaintiff who is a minor, is also urging the The deponent averred further that other 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! A bank he nursed from an idea into an internationally recognised brand. At the time, Fola was 34 while Tayo was 33. defendants are to accord late Olutayo Aderinokun all the rights and, or 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. 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. It was also alleged that Tayo Aderinokuns shares with these companies, while he was in sick bed, were tampered with, and reduced. Tayo Aderinokun (standing) and Fola Adeola (sitting) at the start of GTBank in 1990 Tayo Aderinokun and current acting MD, Segun Agbaje On June 14, 2011, the Nigerian Banking Industry lost one of . He is not the flash friend, the one everyone wants to copy and follow around. Required fields are marked *. Aderinokun, who had. Discover today's celebrity birthdays and explore famous people who share your birthday. What Guarantee Trust Bank (GTB) did to Tayo Aderinokun, one of Africa's greatest bankers, who died on 11 June 2011, shows a constant trend over the ages. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. 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. . His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. 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. 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. 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. 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. Parang mukha ni Jessica Soho pero hindi, saka thai yung nakasulat. Required fields are marked *. The late Tayo Aderinokun was a wealthy man in | 271 comments on LinkedIn cannot be placed within the realm of any law. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. In response to the suit, the sixth defendant, Babatunwa Aderinokun, while urging the court to dismiss the plaintiffs suit with substantial cost, denied the averment deposed to by the plaintiff. 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. GTBank and other defendants in the suit from cknowledging/recognising the During his time as the CEO the bank won the following awards. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. 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. Fola Adeola was born in Nigeria on the 1st of January 1954. And he took on the challenge fantastically well. See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. [4]. By subscribing, you're accepting to receive promotions. To complete the process, please follow the instructions in the email we just sent you. 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. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. GTBank Asset Management Limited (now Investment One Financial Services We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. When Aderinokun took over the reign as MD after his friend stepped down from the position, his experience and dedication to excellence were immediately in full glare. 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. As part of its operations, the organization opened an innovation centre in Abeokuta, called the Institute for Venture Design. GTBanks shares held in the names of three companies be distributed equally by 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. who is suing GTBank and other respondents through her mother, Mrs. Salamotu . [10][11], Ire is a self-taught frontend developer and user interface designer. RDT-213 "Medyo kasi diyan.." Isang busty na misis na walang ingat na lumalabas na walang bra ang nang-aakit sa isang lalaki ng hindi niya . At that time, banking was it, with all the glamour. 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. Your email address will not be published. At 56 years old, Tayo Aderinokun height not available right now. 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. Gunma/Maebashi Tomomi Kiuchi. Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. 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 . There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. Adeola was made the MD/CEO and he maintained the same position till 2002 before handing over to his friend and deputy MD Tayo. Limited (being shares/Properties held in trust of the beneficiaries of her late executors of his estates. 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. He received many awards for his outstanding leadership, including many others for GTB. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. fathers estate), as at the time of his death on June 14, 2011. He is a member of famous Banker with the age 56 years old group. GTBank were held in his name and the names the three companies, Kanali LATE GTB GMD, MR TAYO ADERINOKUN. At the resumed hearing of the suit Tuesday, the [9] He is from Nigeria. 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. 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. Salamotu Aderinokun, The 2010 and 2009 best bank in Nigeria awards from the Banker Magazine, The 2010 and 2009 best bank in Nigeria awards from Euromoney Awards for Excellence, The SIAO 2009 and 2008 Best Corporate Social Responsibility Awards, The 2007 Most Respected Company in Nigeria Award from PrizeWaterhouseCoopers and Businessday. 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. proxies as being the beneficial owners of the rights accruing to the shares Olutayo Aderinokun (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. I Stand Behind Buhari In Confidence Tinubu. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. This page was last edited on 1 December 2022, at 09:37. Learn more about our use of cookies. [2] [3] [4] She is Nigeria's first female Google Developer Expert. There was a problem processing your submission. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. Late Mr. Tayo Aderinokun. Two heads, they say, are better than one. [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). 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. God tier scent pamahid lol. entitle to the rights of her late fathers shares (issued by GTBank), held in (GTB). 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. court that it had filed an affidavit of facts before to assist the court in the He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. father, he had a peculiar manner of acquiring his assets, using the Proxies, Glamour seemed to work. 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 court for an enquiry into what volume of her late fathers shares issued by 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. The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. He then became the Managing Director, a position he held until his passing. the names of the proxies, was done in dishonest assistance of the breach of among other corporate structures, rather than holding these assets directly in 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.