Categories: News

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

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.

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

Kanyi Okeke

Kanyi is the Founder & Editor-in-Chief of When she's not serving DAILY delicious scoops on Entertainment and news, you can find her reading a book by the beach. Keep up with Kanyi on Instagram and Twitter or through her email

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