Connect with us

News

Founder Of Bukka Hut Rasheed Jaiyeola Speaks On Olaolu’s Demise, Clears Air On Business Ownership

Published

on

Rasheed Jaiyeola, the founder and CEO of Bukka Hut, has released a statement addressing the type of partnership and business relationship he had with Olaolu Martins, one of the company’s stockholders who reportedly died under questionable circumstances.

Founder Of Bukka Hut Rasheed Jaiyeola Speaks On Olaolu’s Demise, Clears Air On Business Ownership

After Martins’ passing, he claims he was forced to speak out because of the incorrect information flying over social media after Martin’s death.

The Board, Management, and Staff of Bukka Hut continue to express their sorrow over the untimely passing of Mr. Olaolu Martins, who was a significant stakeholder and a minority shareholder in the company, according to Jaiyeola.

“We pray that Almighty God continues to provide us the strength and fortitude to bear this loss.”

“Unfortunately, we are shockingly observing some unscrupulous elements in the society who are capitalizing on this recent unfortunate incident to maliciously misrepresent verifiable facts on various social media platforms, thus, causing significant distress to families, staff, customers and other stakeholders of Bukka Hut.

“To clarify, Rasheed Jaiyeola is the Founder/C.E.O of Bukka Hut, a proudly Nigerian brand he built from inception in August 2011 from one outlet to 24 outlets comprising of restaurants, lounges and suya and grill spots, and a learning facility, BH Academy, as at today. He jointly owns majority shares of the company with his wife and sister.

“Bukka Hut is not a one-man business as there are two other shareholders/directors but they are not involved in the daily management of the business.

“Rasheed and the late Olaolu Martins were co-owners of Nigerian International Securities Ltd (NISL) and naturally Laolu was one of the three people he invited to invest in Bukka Hut when he founded it in 2011.

Rasheed resigned from NISL as a director in 2016 to focus solely on building Bukka Hut while Olaolu remained the MD/C.E.O of NISL and its related businesses.

“The family of the late Olaolu Martins has released a statement to clarify the news regarding his untimely demise and it is our hope that their wishes are respected at this very difficult time.”

In other news, Legendary American rapper, Coolio, known for the iconic hit song ‘Gangsta’s Paradise’, has passed away on Wednesday at the age of 59.

The rapper’s longtime manager, Jarez Posey said the artist was found unresponsive on the bathroom floor of a friend’s house in Los Angeles.

READ MORE: US Rapper, Coolio Found Dead On Bathroom Floor Of His Friend’s House In Los Angeles

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

"Don't Message Me About Love" - Basketmouth Ex-Wife, Elsie Okpocha Warns Admirers
Celebrities13 mins ago

“Don’t Message Me About Love” – Basketmouth Ex-Wife, Elsie Okpocha Warns Admirers

Harrysong Allegedly Arrest Uche Maduagwu After Their Fight [Video]
Entertainment45 mins ago

Harrysong Allegedly Arrest Uche Maduagwu After Their Fight [Video]

BLord Declares Himself Youth President, Meets Obi Cubana After Police Release [Video]
Celebrities14 hours ago

BLord Declares Himself Youth President, Meets Obi Cubana After Police Release [Video]

Dangote Wants Us To Stop Fuel Importation, Directs Marketers To His 45% Complete Refinery – NMDPRA
News15 hours ago

Dangote Wants Us To Stop Fuel Importation, Directs Marketers To His 45% Complete Refinery – NMDPRA

Uriel Uputa Reveals Burna Boy Is Her Celebrity Crush, Shares Sexual Fantasies [Video]
Celebrities17 hours ago

Uriel Oputa Reveals Burna Boy Is Her Celebrity Crush, Shares Sexual Fantasies [Video]

Regina Daniels Supports Husband Ned Nwoko’s Bill To Create Anioma State [Video]
Celebrities17 hours ago

Regina Daniels Supports Husband Ned Nwoko’s Bill To Create Anioma State [Video]

Ndume Declines Senate Committee Chairmanship, Stands by Remarks Against Tinubu
News18 hours ago

Ndume Declines Senate Committee Chairmanship, Stands By His Remarks Against Tinubu

"He Was Granded Bail After Begging And Crying" - VeryDarkMan Reacts To BLord's Release [Video]
Celebrities21 hours ago

“He Was Granted Bail After Begging And Crying” – VeryDarkMan Reacts To BLord’s Release [Video]

Actress Hilda Dokubo Suspended As Labour Party Chairperson In Rivers
Celebrities22 hours ago

Actress Hilda Dokubo Suspended As Labour Party Chairperson In Rivers

Kwara Governor Reacts As UNILORIN Student Dies, Nine Others Injured In Road Accident
Metro22 hours ago

Kwara Governor Reacts As UNILORIN Student Dies, Nine Others Injured In Road Accident

Why Dubai Princess Sheikha Mahra Divorced Her Husband Through Instagram Post
Celebrities22 hours ago

Why Dubai Princess Sheikha Mahra Divorced Her Husband Through Instagram Post

Governor Zulum's Son Denies Killing Chinese Man Over A Woman At Indian Nightclub [Video]
Celebrities24 hours ago

Governor Zulum’s Son Denies Killing Chinese Man Over A Woman At Indian Nightclub [Video]

Imo Assembly Recommends Sack Of Chief Judge Over Alleged Age Falsification
News2 days ago

Imo Assembly Recommends Sack Of Chief Judge Over Alleged Age Falsification

President Tinubu And Organised Labour Agrees On ₦70,000 Minimum Wage For Workers
News2 days ago

President Tinubu And Organised Labour Agrees On ₦70,000 Minimum Wage For Workers

"An Igbo Man Got BLord Arrested, He Might Be Jailed For 15 Years" - VeryDarkMan [Video]
Celebrities2 days ago

“An Igbo Man Got BLord Arrested, He Might Be Jailed For 15 Years” – VeryDarkMan [Video]

"VeryDarkMan Has No Power To Arrest Our CEO, He Was Invided By Police" - BLord Group
Celebrities2 days ago

“VeryDarkMan Has No Power To Arrest Our CEO, He Was Invided By Police” – BLord Group

"I Lost My Identity And Dreams Because Of Divorce" - Caroline Danjuma
Entertainment2 days ago

“I Lost My Identity And Dreams Because Of Divorce” – Caroline Danjuma

Cubana Chief Priest Buys New Hermes Bag For His Wife To Match Their Cars [Video]
Celebrities2 days ago

Cubana Chief Priest Buys New Hermes Bag For His Wife To Match Their Cars [Video]

"He's Very Greedy" - Netizens Reacts As Kizz Daniel And Ubi Franklin’s Fights Over N150 Million Gig
Celebrities2 days ago

“He’s Very Greedy” – Netizens Reacts As Kizz Daniel And Ubi Franklin’s Fights Over N150 Million Gig

Judy Austin Shares Her Admiration For Yul Edochie As He Launches His Support For Tinubu
Entertainment2 days ago

Judy Austin Shares Her Admiration For Yul Edochie As He Launches His Support For Tinubu