Businessman CEO of Bukka Hut dies by suicide at Lekki residence
The owner of Bukka Hut, Olalolu Martins, died by suicide at his residence in Lekki area of Lagos around 3:00 a.m. Wednesday morning.
His family confirmed the development in a statement saying: “We hereby solicit the support and understanding of everyone as the family grieves the loss of our beloved Laolu in our privacy.
“Our kind request is that you support the family – wife, children, aged mother and father and his siblings with your prayers at this difficult time.
“Further announcements will be made by the family.”
Though the family did not state the cause of his death, his friend John Edgar confirmed that the entrepreneur took his life after he fell into depression following a bet loss.
Mr Edgar claimed that he got a call from his sister that Mr Martins committed suicide around 3:00 a.m. on Wednesday.
He explained that the investment banker had taken a bet against the dollar, a decision which caused him a devastating loss.
Mr Martins was one of the co-founders of Bukka Hut, a leading fast-food chain in Nigeria. He started his career with PricewaterhouseCoopers in 1999.
He joined Investment Banking & Trust Company Plc now Stanbic IBTC Bank Plc where he served in the Financial Control and Trade Finance/Foreign Operations units of the Bank.
He advanced his career at Stanbic IBTC Asset Management Ltd before he resigned in 2005.
He later joined Shell Nig. CPFA Ltd, the Fund Manager of the Shell Companies in Nigeria Pensions Scheme where he was Head, Investments up till 2008.
He resigned to join Nigeria International Security Limited, NISL, an independent financial services firm specialising in investments within Nigeria.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
World
Andy Burnham is people pleaser, doesn’t want scrutiny: Kemi Badenoch
The leader of the UK Conservative Party, Kemi Badenoch, has described the prospective prime minister as a “people pleaser”.
Education
UniCal reaffirms ban on wild post-exam celebrations, warns students
The University of Calabar has reiterated its ban on wild post-examination celebrations and other acts that could disrupt peace on campus.
Politics
Governors urged to embrace non-custodial prison sentences
Mr Enobore, a former spokesman for the Nigeria Correctional Service, gave the charge in an interview on Monday in Abuja.
Opinion
Some foundational arguments on state police (Part Deux)
What kind of police federalism does Nigeria need?
States
Kano architects demand strict enforcement of building regulations
Disturbed by recurring cases of building collapses, the Kano State chapter of the Nigerian Institute of Architects has called for strict enforcement of building regulations.
States
Flooding: NEMA, KADSEMA search for missing persons in Kaduna River
NEMA and KADSEMA have launched a search-and-rescue operation for two persons swept away by floodwaters in the Kaduna River.
