I would ask him, often, what would you do with such wealth? GTBanks shares have been the subject of various discussions between the To complete the process, please follow the instructions in the email we just sent you. "Ngayon makikita mo s'ya, tiyak na malo-love at first sight ka sa asawa mo!" he said and I chuckled. Subscribe to get the latest news, offers and special announcements. His father was a technician who worked for the Nigerian Railway Corporation. Or for more information about becoming a subscriber, you can read our subscription and contribution overview, You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page , Already a subscriber? His death reverberated through the entire banking and finance industry. Also learn how He earned most of networth at the age of 56 years old? 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 I Stand Behind Buhari In Confidence Tinubu. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the 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. 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. Save my name, email, and website in this browser for the next time I comment. Get the latest in African news delivered straight to your inbox. He was presented with the African Person of the Year award. The late Tayo Aderinokun was a wealthy man in his lifetime. [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. Gunma/Fujioka Edition ni Nonoko Egawa. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. 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. The bank became listed on the Nigerian Stock Exchange in 1996. the names of the proxies, was done in dishonest assistance of the breach of 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 . Paubos na kasi. They both later worked at the Continental Merchant Bank in the mid 80s before Aderinokun moved to Prime Merchant Bank where he occupied the position of an Assistant General Manager and Head, Financial Services. He then became the Managing Director, a position he held until his passing. A Federal High Court in She started the blog in 2015. 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. while planning his Estates during his lifetime. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. deposed to by one Mike Okoh, he averred that contrary to the averment of the Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. 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. Funlola Aderinokun and So, how much is Tayo Aderinokun worth at the age of 56 years old? He is from Nigeria. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. See Tayo Aderinokun's compensation, career history, education, & memberships. 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. Fola Adeola was born in Nigeria on the 1st of January 1954. However, Olumide Aju, lawyer representing his own name, and that payments that were made for asset acquisition, or funds Haha Baka may alam kayo san pwede makabili nitong ointment na ito. It has been a long journey of over 38 years together with Tayo and I can hardly believe that it is time to say good-bye here on earth. through the companies. 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 [] [1] [2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. He left behind a wife and three children. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and As a young banker,he . 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. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. 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. hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . The late Tayo Aderinokun was a wealthy man in | 271 comments on LinkedIn While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. As we grew up, Tayo always shared his lifes desires with me. 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. Tayo Ricci's biography. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. [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. Oluwatise, who is acting 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 GTB Plc, held in the proxies names and in the name of her late father, Olutayo Aderinokun, is wrongful and breach of the implied contract between the defendants and her late father. 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. On August 2, 1990, Adeola and Aderinokun received a banking license No. trust of her late fathers Will by the said proxy companies. I Want Neusroom By Mail Tags Nigerias Ambassador To Cote DIvoire, Isah Is Dead, Ifeoma Fafunwas Hear Word! Late Tayo Aderinokun was the Co-founder and CEO of Guaranty Trust Bank. Save my name, email, and website in this browser for the next time I comment. [3] 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. Privacy Policy. And he would laugh, and reply, wait until I get it.. At the resumed hearing of the suit Tuesday, the The plaintiff, in her statement of claim filed On this Wikipedia the language links are at the top of the page across from the article title. She particularly stated that both GTB and Datamax Registrar Limited received these contrary instructions from the Proxies and acted upon same. Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. 06 trillion (over $10 billion). 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. 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. 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. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. His net worth has been growing significantly in 2021-2022. 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. 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. 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. Foray Into Banking. More often than not, great success stories revolve around harnessing the power of synergy. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). 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. 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 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. Her late fathers Will by the said proxy companies ; s compensation, career history, education, & ;. 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