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. The issues regarding the distribution of his GTBanks shares have been the subject of various discussions between the executors of his estates. 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? . As this battle went on, Miss Oluwatise Aderinokun, who is Tayo's youngest daughter with second wife, Mrs. Salamotu Aderinokun, adding to the heat, filed a lawsuit against GTBank. 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GTBank were held in his name and the names the three companies, Kanali And it was something I did very well.. estate, being dividend accruals on the shares held in her late fathers names companies, namely: Kanali Investment Limited, Day Waterman Company Limited and Paga acquires Ethiopian-based startup, Apposit, ZENITH BANK, OLUSOLA ADEJUGBE IN DIRTY LITIGATION DRAMA, Embattled First Bank Holdings MD, Nnamdi Okonkwo Goes Under Operates on Very Low-Key Lifestyle, Jim Ovia Stages Jaw-Dropping Wedding for DaughterSpends Billions on Destination Wedding. He had his basic education at Baptist Day School, Kano, from 1961 to 1966. Your email address will not be published. See Also: Biography & Success Story Of Molade Okoya: Former CEO Of CFAO Nigeria. 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. 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. sixth defendant, Mr. Babatunwa Aderinokun, that the third to fifth defendants GTBanks. On August 2, 1990, Adeola and Aderinokun received a banking license No. 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. Investments Limited, Day Waterman Company Limited and Cariboo Investment 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. Mr. Tayo Aderinokun's net worth In the particulars of the affidavit of facts [3], Aderinokun's father was a technician who worked for the Nigerian Railway Corporation. His net worth has been growing significantly in 2021-2022. 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. 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. In the ensuing legal battle, Oluwatise Aderinokun who is suing GTBank and other respondents 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 GTBank, held in the proxies names and in the name of her late father, Olutayo Aderinokun, is wrong and breach of the implied contract between the defendants and her late father. See Also: Biography & Success Story Of Theophilus Danjuma: Founder Of Nigeria America Line. 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. Fola Adeolas story is a great example and one that should be emulated by every aspiring and existing entrepreneur. defendants are to accord late Olutayo Aderinokun all the rights and, or The late Tayo Aderinokun was a wealthy man in his lifetime. Why billionaire housewives dread them. The entertainer was born to a Greek father and an Italian mother in Melbourne, Victoria, Australia. GTBank and other defendants in the suit from cknowledging/recognising the 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 . She built her first website at the age of 13 as a fansite for Neopets where she had learned her first basic HTML codes. 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. His death reverberated through the entire banking and finance industry. 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. 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 Please look out for your names if you sent in Questions :-) . and her late father. 58, dated August 1, 1990 and signed by the Federal Minister for Finance, Chief Olu Falae, for Guaranty Trust Bank Limited. 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. Graeys, averred that upon the death of her father, he gave legacies and We have estimated Tayo Aderinokun's net worth , money, salary, income, and assets. In alleging overriding obligations and negligent disregard for her late fathers Will, the plaintiff stated that the Proxies after her late fathers death suddenly sought to act as independent entities, and issued instructions contrary to the subsisting instructions of her late father, and in total disregard for the authority of his personal representative/co-trustees. 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. Aderinokun, and GTBank, and Datamax Registrar Limited, whereby the said Fola Adeola was born in Nigeria on the 1st of January 1954. 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. trust of her late fathers Will by the said proxy companies. [5][6][7][8], Ire is from Ogun state, Nigeria. The family of late Olorogun Michael Christopher Ibru (aka the Fisherman) is a clear example. "By the power vested in me, I now pronounce you husband and wife. By subscribing, you're accepting to receive promotions. He was presented with the African Person of the Year award. See Also: Biography & Success Story Of Sani Bello: Founder Of Amni International. On this Wikipedia the language links are at the top of the page across from the article title. the children of late Olutayo Aderinokun were fully aware of the deceased assets vehicles through which late Aderinokun acquired invested and held his asset Funlola Aderinokun and Save my name, email, and website in this browser for the next time I comment. Mga tita, help. personal accounts-. Though, he may have breathed his last June 26, 2011, his spirit and essence have continued to permeate banking profession and national life on account of his sterling contribution. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. 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