court that it had filed an affidavit of facts before to assist the court in the 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. As we grew up, Tayo always shared his lifes desires with me. 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. 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 . Late Mr. Tayo Aderinokun. 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. Subscribe to get the latest news, offers and special announcements. 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. The bank became listed on the Nigerian Stock Exchange in 1996. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. The issues regarding the distribution of his document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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 . Sign in for full access to article. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). For late Tayo Aderinokus wife, Salamatu, new lease of life. 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. We have estimated I finished my MBA at UCLA and I came back to Nigeria. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. 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. [2] [3] [4] She is Nigeria's first female Google Developer Expert. 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! Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Our site uses cookies. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. That bank would be named Guaranty Trust Bank. The plaintiff who is a minor, is also urging the In Africa, the bank has expanded to Cote dIvoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, Kenya and Rwanda, including the United Kingdom. It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. shares neither do they participated in the management of the companies during . The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. 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. There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. He is from Nigeria. (GTB). and her late father. of the exact dividends due to the joint executors/trustees of her late fathers Ire Aderinokun is a Nigerian front end developer and Google developer expert. 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. Tayo Aderinokun died on the 14th of June, 2011. We are proud to welcome you ALL to the Inaugural GTBank Webcast with Tayo Aderinokun, MD GTBank. Get the latest in African news delivered straight to your inbox. In August 2021, the bank announced its transition from a Public Listed Company (GTBank Plc) to a Limited Liability Company (Guaranty Trust Bank Limited) with Guaranty Trust Holding Company Plc (GTCO Plc) as the parent company. judicious determination of the plaintiffs suit. 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. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. 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. 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. His death reverberated through the entire banking and finance industry. 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. his lifetime but only him ran the affairs of the companies. Lifestyle King: Inside UBA MDs Paradise of Treats and Luxury Cars, Aigboje Aig-Imoukhuede, Herbert Wigwe At War Insiders Allege. The Real Housewives of Atlanta The Bachelor Sister Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Last Week Tonight with John Oliver. Here's how he did it: 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. 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. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . God tier scent pamahid lol. Cariboo Investment Limited were incorporated as asset holding companies and We recommend you to check the complete list of Famous People born on 8 May. 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. Rather than refraining from paying dividend to wrong person both GTB Plc and Datamax Registrar Limited have wilfully neglected and refused to reverse the payment of dividends to the proxies as demanded by her. At 56 years old, Tayo Aderinokun height not available right now. 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! What He Told City People Before He Died 6 Years Ago. Tayo Aderinokun's net worth Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. Consequently, Babatunwa urged the court to dismiss the plaintiffs suit with substantial cost. 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. Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. 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. Aderinokun, who had. the companies during his lifetime. On August 2, 1990, Adeola and Aderinokun received a banking license No. Glamour seemed to work. Paubos na kasi. 20 years, stillworking. [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. Your email address will not be published. Required fields are marked *. He was appointed as commissioner for the British prime minister Tony Blair in May 2004. To complete the process, please follow the instructions in the email we just sent you. proxies), as being entitled to the rights accruing to the shares issued by [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. 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. 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. Learn more about our use of cookies. 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