Bukka Hut founder, Laolu Martins commits suicide

Popular Nigerian business magnate, Laolu Martins, has committed suicide after an alleged long battle with depression.

Martins, an investment banking expert who was also the co-founder and executive director of popular restaurant chain, Bukka Hut, is said to have ended it all in his home in the early hours of Tuesday, September 27.

It was gathered that Martins, despite his career success, had been battling depression for a while now before he ultimately took his own life at around 3 am on Tuesday.

The deceased was a chartered stockbroker and a chartered accountant with 12 years of experience in investment banking, corporate banking, stockbroking, asset management, and pension fund management.

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 before being seconded to Stanbic IBTC Asset Management Ltd, where at various times he was Financial Controller, Head Asset Management, and lastly, Head Stockbroking.

Until his death, he was the CEO of Nigeria International Security Limited (NISL), an independent financial services firm specializing in investments in Nigeria.

In related new, a Nigerian lady, Olaitan Adonis, committed suicide after her boyfriend, identified as Ola Saheed, reportedly used her funds to marry another woman.

Olaitan, who had a seven-year-old son, was in a serious relationship with the young man and was saving money in his bank account. He however used the money to marry someone else over the weekend.

Upon receiving the news, Olaitan, who was devastated by her lover’s betrayer, was said to have consumed a poisonous substance to end it all.