GT Bank Co-Founder Dies

Mr. Tayo Aderinokun

Guaranty Trust Bank, one of the largest banks in Nigeria and Africa, last week lost its Managing Director/Chief Executive Officer (CEO), Tayo Aderinokun.

Mr.Tayo, who had been on a sick leave for sometime now, died in a hospital in London. He was 57 years.

Although information was sketchy as to the cause of death, it was learnt that he may have suffered from brain tumor.

Acknowledged as one of the brightest minds in the Nigerian banking industry, Mr. Tayo was credited with the stabilization of GT Bank, which has a subsidiary in Ghana, an institution he managed as CEO for 10 years.

He presided over the bank’s recapitalization process, an era which witnessed the collapse of many banks in the country.

He was recognized as a confrontational businessman and made no apologies for his desire to see GT Bank become one of the biggest in Africa.

The late Aderinokun co-founded Guaranty Trust Bank Plc in 1990 and served as Deputy Managing Director for 12 years from 1990 to 2002, after which he became the Managing Director, a position he held until his death.

During his reign as Managing Director, GT Bank was said to have witnessed tremendous progress and growth and emerged as one of the industry leaders.

The bank is currently recognized as one of the most profitable and professionally managed corporate institutions in Nigeria and has been the recipient of several awards for exemplary corporate governance practices and excellent customer service.

His deputy, Segun Agbaje, who was appointed Deputy Managing Director in 2002, will serve as MD.




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