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 the 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. TheWill reports.

Bukka Hut founder, Laolu Martins commits suicide

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.

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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.

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