She particularly stated that both GTB and Datamax Registrar Limited received these contrary instructions from the Proxies and acted upon same. He is a member of famous Banker with the age 56 years old group. There was a problem processing your submission. He was also the Chairman of the Lagos State Disaster Relief Committee, a team formed as a result of the January 27, 2002, Lagos bomb blast, and he is also a member of the Solid Minerals Committee and the Chairman of the Ogun State Development Trust Fund Committee. And a partnership, coupled with a dream and the zeal to bring it to reality, is a great way to shoot for the stars. His father was a bank clerk earning a modest income, but not good enough to meet the necessities for 17 children. Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. He acquired his assets and GTBanks shares In the particulars of the affidavit of facts The deponent averred further that other 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. (GTB). [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. Though this wasnt the childhood anyone would wish for, young Fola Adeola didnt let this deter him from seizing the opportunity to develop his character, intellects, and entrepreneurial skills. 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? the companies during his lifetime. The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. I would ask him, often, what would you do with such wealth? 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-, That is the problem that men leave for their families when they pass away and have children from more than one woman. Why billionaire housewives dread them. 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. Others respondents in the ensuing legal battle are Save my name, email, and website in this browser for the next time I comment. His net worth has been growing significantly in 2021-2022. 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One time vice presidential aspirant, he has worked on various development projects within and outside Nigeria and has served as an officer of the Federal Republic (OFR) in his capacity on the Blair Commission for Africa in 2002 as well as on the Board as Main Street Technologies Limited delegate. his children. 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! The deponent averred further that other shareholders and board of directors of the above mentioned companies constituting the first wife of the deceased, Mrs. Olufunlola Aderinokun, and the children of late Olutayo Aderinokun were fully aware of the deceased assets protecting strategy via corporate vehicles. executors of his estates. 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. "Ngayon makikita mo s'ya, tiyak na malo-love at first sight ka sa asawa mo!" he said and I chuckled. received in respect of the Proxy companies, were either paid from or into his vehicles used by late Aderinokun, to acquire shares in GTBank, informed the 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. 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. Insidebakinghall is a financial news platform that offers readers up-to-date news and information in the banking and finance sector. And an account Since he retired from active banking service, Fola Adeola has been a board member of several organisations ranging from but not limited to Arm Holdings, Eterna Oil, Cardinal Stone Partners Limited, UTC, Credit Registry Services and MainOne Cable Company Limited. Discover Tayo Aderinokun's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. 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. The plaintiff is also seeking a court declaration that the recognition of the proxies by the defendants, as being beneficially entitle to the rights of her late fathers shares (issued by GTBank), 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. To address comments or complaints, please Contact us. 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 far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. He further stated that the Will of the deceased never directed the Executors and Trustees of his Estates to take over or manage any company as erroneously claimed by the applicant. He was appointed as commissioner for the British prime minister Tony Blair in May 2004. [1][2] He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. In the ensuing legal battle, Oluwatise Aderinokun Glamour seemed to work. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). At 56 years old, Tayo Aderinokun height not available right now. estate, being dividend accruals on the shares held in her late fathers names The second wife and widow of the late Guaranty Trust Bank (GTBank) former head honcho, Tayo Aderinokun, has found good measure and fulfillment perhaps, in brightening the world of her very close friend and confidant, Muyiwa Bakare. 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. The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! 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. 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 . While Tayo Aderinokun turns in his grave, the family and company he left behind fight against each other. 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 . Tayo Ricci's biography. For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. Your email address will not be published. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . said proxy companies on the instructions of the directors on record. 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. founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo The plaintiff who is a minor, is also urging the court for an enquiry into what volume of her late fathers shares issued by GTBank 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. At that time, banking was it, with all the glamour. GTBank in the name of his corporate vehicles used as the proxies. and her late father. directive to his two wives and four children and her late father also appointed One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said And he would laugh, and reply, wait until I get it.. 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. She started the blog in 2015. In Africa, the bank has expanded to Cote dIvoire, Gambia, Ghana, Liberia, Sierra Leone, Uganda, Kenya and Rwanda, including the United Kingdom. See Also: Biography & Success Story Of Sani Bello: Founder Of Amni International. Two heads, they say, are better than one. Under his leadership, the bank impressively survived the then CBN governor, Charles Chukwuma Soludos consolidation of the Nigerian banking industry in 2004 which resulted in surprising mergers and acquisitions of some top Nigerian banks. 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. To complete the process, please follow the instructions in the email we just sent you. He is not the flash friend, the one everyone wants to copy and follow around. Privacy Policy. personal incomes, as he used his personal incomes to purchase assets in the See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. 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. Copyright 2023 - Startup Tips Daily Media. 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. 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. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. 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. 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. 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. She also averred that during the lifetime of her The late Tayo Aderinokun was a wealthy man in his lifetime. See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Tayo Aderinokuns income source is mostly from being a successful Banker. Investments Limited, Day Waterman Company Limited and Cariboo Investment His father was a technician who worked for the Nigerian Railway Corporation. Haha Baka may alam kayo san pwede makabili nitong ointment na ito. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. various companies, as his assets are intertwined with the corporate assets of As part of its operations, the organization opened an innovation centre in Abeokuta, called the Institute for Venture Design. Funlola Aderinokun and He is not the flash friend, the one everyone wants to copy and follow around. By submitting above, you agree to our privacy policy. Learn more about our use of cookies. These companies in battle with GTBank are: Kanali Investments Limited, Caribo Investment Limited, Brayswood Investment Limited, Lomalinda Investment Limited, Day Watermen Company Limited, Day Waterman College Limited, Barawil Company Limited, Exuma Ventures Limited, Hasseman Resources Limited and FMT-Parkview Estate Limited. 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. 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. 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.
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