Tayo Aderinokun, MD Guaranty Trust Bank (GTBANK)

The managing director of GTBank, Mr. Tayo Aderinokun is dead. He died in a London Hospital.

When sought the comment of the corporate affairs department of the bank today, his death was confirmed.

Mr. Aderinokun has been on sick leave from work for sometime. Mr. Segun Agbaje, an executive director with the bank was made the acting MD last month.

Aderinokun’s 57th birthday was celebrated with prayers by staff of GTBank at their various places of worship on 8 May 2011.

The official statement from GTBanks reads “With a deep sense of loss, but with gratitude to the Almighty God, we write to notify you of the passing on to eternal glory of our dearly beloved Managing Director/Chief Executive Officer, Mr. Tayo Aderinokun.

Mr. Aderinokun who had been on Medical Leave, passed on this afternoon, Tuesday, June 14, 2011, in the United Kingdom.

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

During his time as Managing Director, the Bank witnessed tremendous progress and growth and had emerged over the years as an industry leader, pacesetter of unique and progressive innovations in the banking industry. The Bank is now easily acknowledged and recognised 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.

In addition, Mr. Aderinokun was also the recipient of numerous awards as an acknowledgment 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).

We wish to inform you that the operations of the Bank continue to run smoothly under the leadership of the Acting Managing Director, Mr. Segun Agbaje who was Deputy Managing Director from 2002 till April 20, 2011, when he was appointed as Acting Managing Director of the Bank.

-By Niyi Tabiti



  1. […] Tayo Aderinokun, GTBANK MD is dead […]

  2. China doll   June 15, 2011 at 7:26 pm

    May his soul rest in peace. GTBank has a good corporate governance that will be of useful help in this present time to ensure the bank's going concern as well as it's continued success!!

  3. Michael O.   June 15, 2011 at 8:18 pm

    May his soul rest in peace, Amen. It is a great loss to both the staff and the customers of GTBank. He had been able to hold the bank out of frauds such as illegal charges and unnecessary deductions. I pray that God will give him a place of rest in heaven. Rest In Peace Great MD!

  4. nonso   June 15, 2011 at 9:20 pm

    With tears still in my eyes,uncle T as formally called at GTBank leaves in our hearts forever.Adieu great one!

  5. sunmi Odumuyiwa   June 16, 2011 at 9:27 am

    may his soul rest in peace and God almighty will protect and be father and husband to his children and wife inJesus name. Amen

  6. Muhammed   June 16, 2011 at 12:37 pm

    Soul rest in peace amen

  7. Emeka Rex   June 17, 2011 at 1:02 pm

    May His Gentle Soul and the soul of the departed rest in Peace,,… Amen

  8. Ikponke   June 20, 2011 at 7:06 pm

    Uncle t may ur soul rest in perfect peace. U were a gud man compare to those ur evil hr tat derive joy in makin pple fail for the exams.

  9. Tobi Bakare   June 23, 2011 at 8:50 pm

    I was shocked when i saw a condolence notebook in the banking hall today… Gtbank has actually acheived the best new generation bank in well we love u so much but God loves you more! May ur kind soul rest in perfect peace. I love GTBank!!!

  10. morayo omosebi   June 24, 2011 at 11:58 am

    May His loving soul rest in perfect peace

  11. Gbenga   June 28, 2011 at 10:54 am

    Words cannot be used to say what I have to say. Good night Tayo

  12. […] funeral service in honour of Mr. Tayo Aderinokun of GTBank at the Ikoyi Baptist Church  ended some minutes […]

  13. […] funeral service in honour of Mr. Tayo Aderinokun of GTBank at the Ikoyi Baptist Church  ended some minutes […]


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