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. Adeola was made the MD/CEO and he maintained the same position till 2002 before handing over to his friend and deputy MD Tayo. 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. Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by protecting strategy via corporate vehicles. . We have estimated Required fields are marked *. To address comments or complaints, please Contact us. Here's the story of Fola Adeola, an accountant who co-founded GTBank with his friend, Tayo Aderinokun in the late '80s. [4]. Canadian twin-menace, Jyoti and Kiran Matharoo, in police net for trying to blackmail Femi Otedola with their website, naijagistlive, Nigeria to Spend Abacha Loot on Second Niger Bridge, Lagos-Ibadan, Abuja-Kano Expressway Malami, Indian twin-menace: Nigerias most promiscuous sisters, Jyoti and Kiran Matharoo. 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. . 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. that the recognition of three limited liability companies Kanali Investments It was during this period that he forged an unfettered friendship and brotherly bond with Adeola. vehicles through which late Aderinokun acquired invested and held his asset We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Asides being the co-founder of GT bank, Adeola Tajudeen Afolabi is also the pioneer of FATE Foundation, a non-governmental organization that provides support to budding entrepreneurs. She also averred that during the lifetime of her He then became the Managing Director, a position he held until his passing. 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. 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. 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. Salamotu Aderinokun, The 2010 and 2009 best bank in Nigeria awards from the Banker Magazine, The 2010 and 2009 best bank in Nigeria awards from Euromoney Awards for Excellence, The SIAO 2009 and 2008 Best Corporate Social Responsibility Awards, The 2007 Most Respected Company in Nigeria Award from PrizeWaterhouseCoopers and Businessday. 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. He was appointed as commissioner for the British prime minister Tony Blair in May 2004. 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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 . LATE GTB GMD, MR TAYO ADERINOKUN. 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. Haha Baka may alam kayo san pwede makabili nitong ointment na ito. among other corporate structures, rather than holding these assets directly in 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. 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. his lifetime but only him ran the affairs of the companies. 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. 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 also want the court to make an Order of Tayo Ricci's biography. He later became the Managing Director of the bank following the resignation of Co-founder, Fola Adeola and maintained the position until his death in June 2011. Aderinokun held the position until June 2011 when he shockingly died from cancer aged 56. His father was a technician who worked for the Nigerian Railway Corporation. In the particulars of the affidavit of facts Our site uses cookies. Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. 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. 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. Please look out for your names if you sent in Questions :-) . Your email address will not be published. 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. shareholders and board of directors of the above mentioned companies directive to his two wives and four children and her late father also appointed Mga tita, help. Get the latest in African news delivered straight to your inbox. Copyright 2023 - Startup Tips Daily Media. He accomplished both. And when they finally raised the required capital in 1988, they applied for a banking license which they got (licence 58) on the 2nd of August, 1990. And an account [13], Ire is a Google Developer Expert, specializing in the core front-end technologies HTML, CSS, and JavaScript. Also learn how He earned most of networth at the age of 56 years old? Your email address will not be published. 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. Until he died on June14, 2011, the late Tayo Aderinokun was the Managing Director/CEO of GTBank, one of Nigeria's leading banks. ISD-114 Nationwide Jukujo Search Corps Manatili tayo sa kanayunan! 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! whom were granted Probate on February 16, 2012. That bank would be named Guaranty Trust Bank. However, Olumide Aju, lawyer representing He is from Nigeria. One of his most outstanding awards is the recognition of a distinguished officer of the Federal Republic (OFR). 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. 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. . Since Yul Edochie and his second wife drama is trending,I believe this is a good opportunity to tell this story. A Federal High Court in They paid better, the suits were sharper. Glamour seemed to work. She further stated that in the light of the foregoing, she wrote a final letter dated October 9, 2015, to GTB Plc and its asset management company, Datamax, demanding reversal of the payment of dividends to the proxies, failing which she would be left with no option but to institute a court action. The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. Discover today's celebrity birthdays and explore famous people who share your birthday. [2] [3] [4] She is Nigeria's first female Google Developer Expert. And he would laugh, and reply, wait until I get it.. She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. 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. He also served as a board member with Tafsan Breweries and is a member of the Governing Council of Lagos State University. At 56 years old, Tayo Aderinokun height not available right now. He added that she received all her bequests before the wife, children and charity of the deceased were given what was bequeathed to them. Why billionaire housewives dread them. He further stated that none of them paid for the shares neither do they participated in the management of the companies during his lifetime but only him ran the affairs of the companies. 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. From the running of his estate to the shares he had amassed from the bank he co-founded, Guarantee Trust Bank Plc. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. 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. Running the salon together made the duo discover that they had a similar knack for entrepreneurship and its risks. A bank he nursed from an idea into an internationally recognised brand. A Federal High Court in Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by Miss Oluwatise Aderinokun, the eight-year-old and last child of the late founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo Aderinokun, against the bank and six others over alleged manipulation of her late father's 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. 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. his children. 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. GTBanks shares have been the subject of various discussions between the (GTB). The man had essentially died a hero, paladin of banking, champion of the corporate Wildlands. Now, we are going into a new phase which may be for me more challenging, because I have to play 2 roles. By subscribing, you're accepting to receive promotions. The late Tayo Aderinokun was a wealthy man in his lifetime. He is from Nigeria. 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. Tayo Aderinokun was born on 8 May, 1955 in Kano, Nigeria, is a Nigerian entrepreneur. [10][11], Ire is a self-taught frontend developer and user interface designer. Guaranty Trust Bank has grown into one of the biggest and most profitable corporations in Nigeria. [5] [6] [7] [8] Early life and education [ edit] Ire is from Ogun state, Nigeria. immediately after that, I went abroad to get an MBA. 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. Before his death, Aderinokun founded the Day Waterman College, a co-educational boarding school for children. Gunma/Maebashi Tomomi Kiuchi. One was to be very rich, and he would add, very, very rich; the other was to be managing director of a bank. 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. Limited (being shares/Properties held in trust of the beneficiaries of her late 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? Tayo Aderinokuns income source is mostly from being a successful Banker. The bank became listed on the Nigerian Stock Exchange in 1996. 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, First of its kind! GTBanks. "Ngayon makikita mo s'ya, tiyak na malo-love at first sight ka sa asawa mo!" he said and I chuckled. Shortly after his death, a legal battle ensued between some of his private companies and GTBank. Sign in for full access to article. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. I Stand Behind Buhari In Confidence Tinubu. 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