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 . Aderinokun had an interesting childhood. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. Fola Adeola was born in Nigeria on the 1st of January 1954. In the ensuing legal battle, Oluwatise Aderinokun He is from Nigeria. Also learn how He earned most of networth at the age of 56 years old? See Also: Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors. accruing to her late fathers shares held in his name, and the names of the Tayo Aderinokun's net worth Please try again later. personal incomes, as he used his personal incomes to purchase assets in the deposed to by one Mike Okoh, he averred that contrary to the averment of the 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. 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. Why billionaire housewives dread them. For late Tayo Aderinokun's wife, Salamatu, reality bites March 16 14:15 2015 You can subscribe by visiting our subscription page. Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. Legal battle lines have been drawn here and there. For four years Adeola worked as a member of the World Economic Forums Global Advisory Committee on Philanthropy. He was presented with the African Person of the Year award. his lifetime but only him ran the affairs of the companies. Tayo Ricci's dad occasionally appears in his videos.. Since then, his second wife and widow, Salamatu has had to endure the passing currents of time, knowing that . 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. 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. Salamotu Aderinokun. To address comments or complaints, please Contact us. 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 . 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. 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. while planning his Estates during his lifetime. 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. His father was a technician who worked for the Nigerian Railway Corporation. Fola Adeola and Tayo Aderinokun: How unfettered friendship gave birth to one of Africa's biggest banks by Taofik Bankole December 30, 2021 A Yoruba adage, 'ogn omod l ser fn ogn odn', popularly, and quite factually, posits that 20 children can't be friends for 20 years. Learn how your comment data is processed. [12] Ire also runs a blog called bitsofcode, where she breaks down coding tips to other developers. However, Olumide Aju, lawyer representing I Want Neusroom By Mail Tags Learn How rich is He in this year and how He spends money? 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. Olutayo Aderinokunpronunciation (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. LATE GTB GMD, MR TAYO ADERINOKUN. Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. The late Tayo Aderinokun was a wealthy man in his lifetime. 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. vehicles used by late Aderinokun, to acquire shares in GTBank, informed the seventh defendant, Investment One Financial Services Limited, one of the And an account Copyright 2023 - Startup Tips Daily Media. Guaranty Trust Bank has grown into one of the biggest and most profitable corporations in Nigeria. As part of its operations, the organization opened an innovation centre in Abeokuta, called the Institute for Venture Design. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. The institution he co-founded is perennially . 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. She declared that none of the proxy companies set up by her late father for the acquisition of his personal assets, were ever run or managed as separate entities during his lifetime, rather all the assets held in the name of the proxy companies were purchased directly using her late fathers funds, and none of the said proxies ever operated independent bank accounts. Paubos na kasi. The deponent averred further that other She also want the court to make an Order of [16][4] She is the co-founder, COO and VP Engineering of Helicarrier, which builds cryptocurrency infrastructure for Africa.[17]. That was how I started and I found out that I liked it. cannot be placed within the realm of any law. See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. 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. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. of the exact dividends due to the joint executors/trustees of her late fathers 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. 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. And it was something I did very well.. Olutayo Aderinokun (May 8, 1955 June 14, 2011) was a Nigerian entrepreneur who until his death was the CEO of Guaranty Trust Bank. Your email address will not be published. Mr. Your email address will not be published. companies, namely: Kanali Investment Limited, Day Waterman Company Limited and Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line, Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria, Biography & Success Story Of Hakeem Belo-Osagie: Former Chairman Of 9mobile, Biography & Success Story Of Sani Bello: Founder Of Amni International, Biography & Success Story Of Cosmos Maduka: Founder Of Coscharis Motors, How To Start A Lucrative Saffron Farming Business in Nigeria: The Complete Guide, How A Former Medical Doctor Built A Multi-Million Dollar Tech Business From Just $100, 15 Profitable Businesses To Start In Nigeria Or Africa, 15 Business Ideas You Can Start With Small Capital In Nigeria Or Africa. I would ask him, often, what would you do with such wealth? 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. judicious determination of the plaintiffs suit. 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. Aderinokun, born in 1955, had been convinced by an ambitious Adeola to start a commercial bank that would serve millions of people in Nigeria. She was born into the family of Tayo and Mrs. Olunfunlola Aderinokun. that the recognition of the proxies by the defendants, as being beneficially The banks assets as of Q1 2020 was N4. and her late father. hey b-bestie.. sorry pero mag break up tayo ang sakit sakit ng foot pain na binigay mo sa akin . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. 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. GTBanks. proxies), as being entitled to the rights accruing to the shares issued by Here's how he did it: Limited), and Mr. Babatunwa Aderinokun as joint Executors and Trustees, both During the beginning of the Nigerian Civil War, his family relocated to Lagos where he attended Surulere Baptist School from 1966 to 1967, St. Peter's College, Abeokuta, from 1968 to 1972 and St. Gregory's Boys College, Lagos from 1973 to 1974. [4]. 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. The late Tayo Aderinokun was a wealthy man in | 271 comments on LinkedIn He has also served in the capacity as a member of the National Honors Committee, a member of the Solid Mineral Committee (both federally constituted), a board member of the Nigerian Institute of Chartered Accountants and a member of the World Economic Forums Global Advisory Committee on Philanthropy. He was Nigerian Action Congress (ACN)s vice-presidential running mate in the 2011 presidential elections alongside with running mate, Mallam Nuhu Ribadu. So, I have to start looking for somebody who will play either the role Fola was playing or the role I was playing before. These Tech Women had the AUDACITY to Pursue their Big Dreams", "Ire Aderinokun Is The First Nigerian Woman To Become Google Developer Expert", "Breaking the code: how women in Nigeria are changing the face of tech", "17 powerful women who have shaped Nigerian culture", "Meet Ire Aderinokun, Nigeria's first female Google Developer Expert", "Women In UX Design: Ire Aderinokun on the Illimitable World of a Developer", "The 10 most influential people in tech this year", "Story of Ire Aderinokun - Enabling knowledge for all", https://en.wikipedia.org/w/index.php?title=Ire_Aderinokun&oldid=1100632081, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 July 2022, at 22:13. Your email address will not be published. And he took on the challenge fantastically well. Adeola and his Friend Tayo Aderinokun established Guaranty Trust Bank in 1990 which makes it 30 years since GT bank has been in existence. He added that the Letter of Administration issued to the Executors of Aderinokuns Will is only in respect of Estates and shares personally owned by the deceased. In no time, the bank began operations and was listed on the Nigerian stock exchange in 1996. 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. sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants The relationship between Muyiwa Bakare and the widow of Tayo Aderinokun, Salamatu is the very best of friendships, and this has remained true over the years. He then became the Managing Director, a position he held until his passing. [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. 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. . She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. 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. 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. He received many awards for his outstanding leadership, including many others for GTB. You have selected an article from the AllAfrica archive, which requires a subscription. 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. He further stated that none of them paid for the , money, salary, income, and assets. Late Mr. Tayo Aderinokun. Specific Performance of the implied contract between her late father, Olutayo A Federal High Court in When duty called recently, Ocean Marine Solutions Limited, OMSL, saved Nigeria from what would have been a monumental international embarrassment. He was also a recipient of the Member of the Federal Republic, one of Nigeria's prestigious national awards. Miss Oluwatise Aderinokun, the eight-year-old and last child of the late 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. directive to his two wives and four children and her late father also appointed . 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. 06 trillion (over $10 billion). Privacy Policy. 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. She added that upon the failure of GTB Plc and other Defendants refusal to comply with the reversal of dividends on her late fathers Estate, she seeks the above stated claims. Aderinokun, in a suit marked FHC/L/CS/1723/2015, is urging the court to declare vehicles through which late Aderinokun acquired invested and held his asset 20 years, stillworking. Tayo Aderinokun, co- founder of the Guarranty Trust Bank, Gtb has etched his name in immortality using golden pen. 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. ISD-114 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! On August 2, 1990, Adeola and Aderinokun received a banking license No. 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. His death reverberated through the entire banking and finance industry. [2][3][4]She is Nigeria's first female Google Developer Expert. He acquired his assets and GTBanks shares 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. through the companies. [2] [3] [4] She is Nigeria's first female Google Developer Expert. [5][6][7][8], Ire is from Ogun state, Nigeria. 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 GTBanks shares have been the subject of various discussions between the Learn more about our use of cookies. Gunma/Maebashi Tomomi Kiuchi. The plaintiff is also seeking a court declaration received in respect of the Proxy companies, were either paid from or into his Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. defendants are to accord late Olutayo Aderinokun all the rights and, or At that time, banking was it, with all the glamour. 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