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. . Olutayo Aderinokun was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. 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. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. Subscribe to get the latest news, offers and special announcements. On this Wikipedia the language links are at the top of the page across from the article title. There was no such thing as probate issued in respect of the deceased assets held in the proxy companies. In the last two decades, the FATE foundation has served over 30,000 Nigerian youths with over 65% fully engaged in profitable enterprises to date. trust of her late fathers Will by the said proxy companies. 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. 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. So far, the court drama has planted animosity and discord among the family members, friends, and acquaintances the loving Tayo Aderinokun left behind. She also want the court to make an Order of Specific Performance of the implied contract between her late father, Olutayo Aderinokun, and GTBank, 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 GTBank in the name of his corporate vehicles used as the proxies. However, Olumide Aju, lawyer representing We will update Tayo Aderinokun's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. 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. Learn How rich is He in this year and how He spends money? 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. Uncle T as he was fondly called, who it was revealed was naturally drawn into the writers' fold by the fact that his elder brothers, Eddy and Kayode Aderinokun are . That is really the challenge I am facing, Aderinokun told City People shortly after he assumed the position as GTBs new MD. "Ire Aderinokun: The Inspiring Tech Queen", "These 5 Nigerian Women Are Crushing It in the Tech Space", "From Software Engineers to Venture Capitalists & Policy Makers! GTBank Asset Management Limited (now Investment One Financial Services 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. At the time, Fola was 34 while Tayo was 33. while planning his Estates during his lifetime. ISD-109 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! various companies, as his assets are intertwined with the corporate assets of Save my name, email, and website in this browser for the next time I comment. The institution he co-founded is perennially . He was appointed as commissioner for the British prime minister Tony Blair in May 2004. 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! Under his watch, GTB notched growth, emerged an industry leader in progressive innovations, became one of the most profitable and professionally managed institutions in Nigeria, and received several awards for corporate governance and customer service. However, Justice Mohammed Idris has fixed this week for the hearing of the suit. The late Tayo Aderinokun was a wealthy man in | 271 comments on LinkedIn "By the power vested in me, I now pronounce you husband and wife. Tayo Aderinokun began his banking career at the Central Bank of Nigeria, Calabar, where he underwent the mandatory one year national service programme (NYSC) in 1977/78. Graeys, averred that upon the death of her father, he gave legacies and 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. Required fields are marked *. During his time as the CEO the bank won the following awards. Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it his own name, and that payments that were made for asset acquisition, or funds 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. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and the assets of the companies were enjoyed by late Aderinokun mixed with his He left behind a wife and three children. GTBank in the name of his corporate vehicles used as the proxies. 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. So, how much is Tayo Aderinokun worth at the age of 56 years old? He received many awards for his outstanding leadership, including many others for GTB. And it was something I did very well.. When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. Heres the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late 80s. However, Olumide Aju, lawyer representing Babatunwa Aderinokun, urged the court to strike out the affidavit of fact as it cannot be placed within the realm of any law. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the On August 2, 1990, Adeola and Aderinokun received a banking license No. Miss Oluwatise, who, being underage, sued through her mother, was represented by Osaro Eghobamien (SAN). hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . He stated further that the deceased could not have given his GTB Plcs shares held in the name of the three companies to any beneficiaries as claimed by the plaintiff because the said companies owned GTB Plcs shares not the deceased. Specific Performance of the implied contract between her late father, Olutayo The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. To address comments or complaints, please Contact us. Tayo Aderinokun's net worth Ire Aderinokun is a Nigerian front end developer and Google developer expert. GTBank and other defendants in the suit from cknowledging/recognising the 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. This page was last edited on 1 December 2022, at 09:37. whom were granted Probate on February 16, 2012. He then became the Managing Director, a position he held until his passing. That was how I started and I found out that I liked it. He was made the Deputy Managing Director and held the position for 12 years from 1990 to 2002. The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. 20 years, stillworking. 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Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . Net Worth in 2022. He accomplished both. Your email address will not be published. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. At that time, banking was it, with all the glamour. Limited (being shares/Properties held in trust of the beneficiaries of her late Save my name, email, and website in this browser for the next time I comment. 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. Limited, Day Waterman Company Limited and Cariboo Investment Limited (the ISD-114 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! 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. She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. It has since expanded to include an entrepreneurship program focused on engineering, technology and innovation. The Expensive Silence of GTB MD Why Pundits Claim Mirian Olusanya Is Just A Stooge! Sign in for full access to article. 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. 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. 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. The Nigerian Stock Exchange President's Merit Award in 2003, 2005, 2007 and 2008. 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. 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