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Tayo Aderinokun, GTB MD Dies @ 57.

Listen to article understands that the Managing Director of Guaranty Trust Bank Plc, Tayo Aderinoku is dead. Sources within family told our correspondent that Tayo Aderinokun, who went into a coma some months back, died in a London hospital.

  Recall that some months back, Mr. Aderinokun left the shores of Nigeria to attend to his health which had become a cause of concern.

Consequently, a notice of medical leave was filed to the banks regulatory authorities and the media, and at the bank`s annual general meeting, held in April 2011, it announced Mr. Segun Agbaje as its acting Managing Director ,for the period Aderinokun will be away.However, with the demise of Mr. Aderinokun, Segun Agbaje will be confirmed as the managing director of GTB.

A statement issued by Guaranty Trust Bank, confirming Mr. Tayo Aderinokun`s death 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 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)'.  

'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'.