By Margaret Nongo- Okojokwu
Late Adenirokun
CO-FOUNDER and until yesterday, the Managing Director of Guaranty Trust Bank (GTB) Plc, Olutayo Adeleye Aderinokun, is dead. He was aged 56.
Aderinokun who had been on medical leave, passed on yesterday afternoon in a London, United Kingdom (UK) hospital. A few weeks ago, it was reported that he fell in his house and was thereafter rushed to the London hospital, where he eventually died.
The late banker was said to have been diagnosed of a terminal disease.
He co-founded GTB in 1990 and served as its deputy managing director for 12 years between 1990 and 2002 before he became the managing director, a position he held until his death.
A statement from the bank yesterday said, in his time as the bank boss, GTB witnessed tremendous growth and had emerged over the years as an industry leader, pacesetter with progressive innovations in the industry.
The bank is now easily acknowledged and recognised as one of the most profitable and professionally managed financial institutions in Nigeria and has been the recipient of several awards for exemplary corporate governance practices and excellent customer service.
Aderinokun was also the recipient of numerous awards as an acknowledgement of his sterling leadership role in the achievements of the bank.
The awards include Banker of the Year at the inaugural ThisDay Awards in 2006, Most Respected CEO by PricewaterhouseCoopers in 2008 and African Banker of the Year by the “African Banker” magazine in September 2009.
He was also a recipient of the National Award of Member of the Federal Republic of Nigeria (MFR) and a Fellow of the Chartered Institute of Bankers, Nigeria (FCIB).
Segun Agbaje, who was Deputy Managing Director from 2002 till April 20, 2011, was appointed as Acting Managing Director of the bank when Aderinokun was indisposed.
Aderinokun worked with the Central Bank of Nigeria (CBN) from the start of his professional career in 1977 till 1981 when he joined Continental Merchant Bank Limited in 1981.
He rose to the rank of manager and was in charge of Kano branch until 1988 when he left for Prime Merchant Bank Limited as Assistant General Manager and Head of the Financial Services Division.
In September 1989, Aderinokun was at First Marina Trust Limited, a financial services and project management company where he was Managing Director before joining GTB at inception as Deputy Managing Director.
He holds a Bachelor of Sciences degree in Business Administration from the University of Lagos and a Master of Business Administration in International Business from the University of California, Los Angeles, United States of America (USA).
He became Chief Executive Officer of the bank following Fola Adeola’s exit.
Under Aderinokun, the bank consolidated its reputation for efficiency and aggressive growth. His professional education included credit and relationship management training at the Chase Manhattan Bank Institute for International Banking New York, USA (1982-1983). Aderinokun also served as a Director at Guaranty Trust Assurance Plc and Kakawa Discount House Limited.
United battling with City for Sanchez
By Margaret Nongo-Okojokwu
Alexis Sanchez's eye for goal and creative skills are attracting interest
After all the speculation on Tuesday suggested Manchester City had moved into pole position to sign highly-rated Udinese winger Alexis Sanchez, reports on Wednesday say Manchester United chief executive David Gill has held talks with the Serie A club.
According to The Sun, Gill flew out to meet with Udinese owner Gianpaolo Pozzo in Barcelona, where he lives, in a bid to thrash out a deal for a player who is also being tracked by Barcelona and Inter Milan.
There are conflicting reports concerning how much it will cost to secure the services of the Chile international, with a figure between £35 million and £44 million in the press. City are thought to be prepared to pay no more than £27 million, which may mean Udinese have to reach a compromise with one of the player's other suitors.
After Pozzo stated on Tuesday that City were favourites, due to the spending power of clubs in the Premier League, the 22-year-old's agent, Fernando Felicevich, said: "An agreement with City? Sanchez's future is still very much wide open.
"We are working on it and, after meetings with City, we have other new appointments."
Courtesy: ESPNsoccernet.com
Appeal court sacks Delta speaker
Newly elected speaker of Delta State House of Assembly, Mr. Victor Ochei, has been sacked by the Court of Appeal in Asaba, saying he was not the rightful candidate of the Peoples Democratic Party (PDP) for Aniocha North in the election of April 2007. The Court dismissed the appeal filed by Mr. Ochei in October 2007 and resolved the case in favour of Mr. Boniface Isichei.
Mr. Isichei in the initial suit No FHC/ABJ/CS/22/07 before the Federal High Court challenged the substitution of his name by the PDP with that of Mr. Ochei as candidate after he won the primary election, thus emerging as the party’s candidate for Aniocha North in the April 2007 polls.
The Federal High Court in its judgment declared the substitution as illegal and restrained the PDP and INEC from presenting or recognizing Mr. Ochei as candidate for Aniocha North for the House of Assembly polls due for April 2007. But following the judgment, Mr. Ochei filed an appeal on May 25, 2007, challenging it on 15 grounds. Among the grounds were the procedure for the trial, violation of the right to fair hearing and jurisdiction of the lower court.
In its lead judgment delivered by Justice Mohammed Lawal Garba, the Court of Appeal noted that the core question of Mr. Isichei’s case before the High Court was whether the letter of his substitution complied with the law. The Court of Appeal held that the Federal High Court was right in ruling in Mr. Isichei’s favour and that he was the rightful candidate of the PDP for the said election in April 2007. According to the court, there was no merit in the points canvassed by the appellant (Mr. Ochei) and therefore dismissed the appeal.
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