The death of Laolu Martins, one of the co-founders of Bukka Hut, a leading Nigerian fast-food chain, has been announced by his family.
According to a statement released by the family on Wednesday, the quintessential banker died in the evening of Tuesday, September 27, 2022, after more than 21 years of experience in investment banking, corporate banking, stockbroking, asset management, and pension fund management.
“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,” the statement reads.
According to Eniola Daniels, a Guardian Newspaper journalist, Laolu committed suicide around 3 a.m. today in Lekki, Lagos.
He went on to say that while Laolu's friend and other sources have revealed why he committed suicide, the public will not know.
Daniels posted on Twitter;
“Founder of Bukka Hut commits suicide. The founder of Bhukka hospitality limited, Laolu Martins was said to have committed suicide around 3. a.m today in Lekki, Lagos. So sad.
“A friend of his and other sources claimed he committed suicide for a reason I don’t want to state here.”
Martins began his career in 1999 with PricewaterhouseCoopers.
He began his career at Investment Banking & Trust Company Plc, now Stanbic IBTC Bank Plc, where he worked in the Financial Control and Trade Finance/Foreign Operations units before being seconded to Stanbic IBTC Asset Management Ltd, where he was Financial Controller, Head Asset Management, and finally Head Stockbroking.
Later, in 2005, he resigned to join Shell Nig. CPFA Ltd, the Fund Manager of the Shell Companies in Nigeria Pensions Scheme, where he was Head, Investments until 2008, when he resigned to join Nigeria International Security Limited, NISL, an independent financial services firm specializing in investments in Nigeria.
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