Popular Lagos businessman and owner of Bukka Hut, commits suicide

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Laolu Martins, a well-known businessman from Nigeria, killed himself after allegedly battling depression for a long time.

Martins, a specialist in investment banking who was also the co-founder and executive director of the well-known restaurant chain Bukka Hut, is reported to have committed suicide in the early hours of September 27 at his home.

Laolu Martins, owner of Bukka Huta
Laolu Martins, owner of Bukka Huta

Martins reportedly struggled with depression for some time despite his professional achievements before committing suicide at around three in the morning on Tuesday.

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

Before being seconded to Stanbic IBTC Asset Management Ltd., where he held various positions, including Financial Controller, Head Asset Management, and Head Stockbroking, he joined Investment Banking & Trust Company Plc, now known as Stanbic IBTC Bank Plc. There, he served in the Bank’s Financial Control and Trade Finance/Foreign Operations units.

He was the CEO of Nigeria International Security Limited (NISL), a private financial services company that specialized in investments in Nigeria, until his passing.

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