constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and He is not the flash friend, the one everyone wants to copy and follow around. To complete the process, please follow the instructions in the email we just sent you. 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. Save my name, email, and website in this browser for the next time I comment. On this Wikipedia the language links are at the top of the page across from the article title. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. $1 Million - $5 Million. 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. Save my name, email, and website in this browser for the next time I comment. She started the blog in 2015. 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. The plaintiff, in her statement of claim filed his own name, and that payments that were made for asset acquisition, or funds Gunma/Maebashi Tomomi Kiuchi. God tier scent pamahid lol. He is not the flash friend, the one everyone wants to copy and follow around. 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. 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. estate, being dividend accruals on the shares held in her late fathers names 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. He received many awards for his outstanding leadership, including many others for GTB. While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. View popular celebrities life details, birth signs and real ages. We will update Tayo Aderinokun's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. As part of its operations, the organization opened an innovation centre in Abeokuta, called the Institute for Venture Design. Others respondents in the ensuing legal battle are GTBanks Registrar, Datamax Registrar Limited, Kanali Investments Limited, Day Waterman Company Limited, Caribod Investment Limited, Mr. Babatunwa Aderinokun, and Investment One Financial Services Limited. Limited, Day Waterman Company Limited and Cariboo Investment Limited (the He then became the Managing Director, a position he held until his passing. While his mother would send Fola and his siblings hawking to augment the family income. GTBank and other defendants in the suit from cknowledging/recognising the Save my name, email, and website in this browser for the next time I comment. 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 . among other corporate structures, rather than holding these assets directly in Here's how he did it: "Ngayon makikita mo s'ya, tiyak na malo-love at first sight ka sa asawa mo!" he said and I chuckled. The deponent averred further that the incomes from . One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. Fola Adeola is married to Hajara Fola Adeola and they are blessed with six children. That was Fola Adeola extolling the drive of his friend and partner, Tayo Aderinokun in a tribute following the latters passing in 2011. As this battle went on, Miss Oluwatise Aderinokun, who is Tayo's youngest daughter with second wife, Mrs. Salamotu Aderinokun, adding to the heat, filed a lawsuit against GTBank. Tayo, who passed away on 14 June 2011, in a London hospital, had been the banks chief executive officer until his time of death. 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. I would ask him, often, what would you do with such wealth? The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! Fola Adeola was born in Nigeria on the 1st of January 1954. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. Get the latest in African news delivered straight to your inbox. In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. He is from Nigeria. 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. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. 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 So, I have to start looking for somebody who will play either the role Fola was playing or the role I was playing before. 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. The plaintiff is also seeking a court declaration There are no comments at the moment, do you want to add one? Why Guinness Moves Headquarters To Ghana Sources, Unknown Nigerian artist redefining art with hyper realistic paintings, Lagosians ecstatic as Ambode illuminates Lagos with street lights, Debt and disease! On the 1st of July 2011, Tayo Aderinokun (8 May 1955 - 14 June 2011), Co-Founder and Managing Director of GTB bank was laid to rest following a series of events celebrating his beautiful life and contribution to the financial sector in Nigeria. He accomplished both. 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. 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 . So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. 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, First of its kind! The deponent averred further that the incomes from the assets of the companies were enjoyed by late Aderinokun mixed with his personal incomes, as he used his personal incomes to purchase assets in the various companies, as his assets are intertwined with the corporate assets of the companies during his lifetime. What He Told City People Before He Died 6 Years Ago. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. 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. 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. [9] that the recognition of the proxies by the defendants, as being beneficially For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 At the time, Fola was 34 while Tayo was 33. 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. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. 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. Sign in for full access to article. He was presented with the African Person of the Year award. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. 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. However, Olumide Aju, lawyer representing trust of her late fathers Will by the said proxy companies. The plaintiff is also seeking a court declaration that the recognition of the proxies by the defendants, as being beneficially entitled to the rights of her late fathers shares (issued by GTB), 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. 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. One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). 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. 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. Privacy Policy. 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. various companies, as his assets are intertwined with the corporate assets of Various allegations and counter allegations darted among them, one of which was the collection of dividends of about 600 million naira from GTBank by the companies and diverting it to things not approved by the legal representatives of the late Mr. Aderinokun. Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. 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! She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. Now, we are going into a new phase which may be for me more challenging, because I have to play 2 roles. Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both This story was first published on May 29, 2020 and has been updated with recent information about GTBank. through the companies. 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. 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. The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Required fields are marked *. It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. 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. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). executors of his estates. 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. To address comments or complaints, please Contact us. 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. A bank clerk earning a modest income, but not good enough to meet the tayo aderinokun first wife for children. 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