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How Laolu Martins, Bukka Hut Boss Committed Suicide After Losing A Bet Review!
.On Wednesday, September 28, 2022 will not be forgotten in a hurry as it was a very sad day as a very sad day for family members, friends and well wishers of one of the owners of a popular restaurant chain, Bukka Hut, Laolu Martins as he reportedly committed suicide in the early hours of the day.
While many were still confused about his sudden death, a renowned theatre producer and investment banker, Joseph Edgar, aka The Duke of Shomolu confirmed that the CEO of NISL Ventures slipped into depression after losing a bet.
The family of Laolu Martins said in a statement that was released on Wednesday that the quintessential banker with over 21 years of experience in investment banking, corporate banking, stockbroking, asset management and pension fund management, died in the evening of Tuesday, September 27, 2022.
“We hereby solicit the support and understanding of everyone as the family grieves the loss of our beloved Laolu in our privacy.
“Our kind request is that you support the family – wife, children, aged mother and father and his siblings with your prayers at this difficult time.
“Further announcements will be made by the family,” the statement said.
Martins started his career with PricewaterhouseCoopers in 1999.
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.
He later resigned in 2005 to join Shell Nig. CPFA Ltd, the Fund Manager of the Shell Companies in Nigeria Pensions Scheme where he was Head, Investments up till 2008 when he resigned to join Nigeria International Security Limited, NISL, an independent financial services firm specialising in investments within the Nigerian space.
In a tribute titled; “Laolu Martins – sad end to a beautiful life,” Edgar wrote:
“I just got a call from my sister Ore. Edgar see what i am seeing o. Pls check if its true.
“It was a post about Laolu. He was said to have committed suicide at 3am this morning in Lekki.
“I screamed. Made a call and confirmed the incident.
“They said he had taken a bet against the dollar and with this rubbish going on in the forex markets he lost big time and may have slipped into a depression leading to this.
“These are not confirmed but what is confirmed is that Laolu is no more.
“Laolu was brilliant. A stockbroker, Asset Manager and an Investment banker.
“I first met him while he was at Shell Trustees. He was a brilliant Fund manager who used to give me business.
“I was then in BGL and had pencilled down Shell Trustees, First Trustees and NPA Superannuation Fund to break
“I had broken the other two with First Trustees where the super brilliant Ekure was the MD and NPA where the late man about town Henry Abebe was head
“But Shell was tough. You cdnt even enter their office talkless of breaking anything.
“So, i got Laolu’s email and sent him a passionate mail telling him why he needed my services if he was going to make a mark at Shell.
“He replied and gave me an appointment and there started a beautiful friendship.
“I watched him grow. Saw him aquire NISL and go into the Fast Food business with his partners as they opened Buka Hut all over the place.
“He started supporting my plays and he will be calling me to ask if i wont come for sponsorship since his money was ‘small’.
“Then i stopped hearing from him. Calls where not returned but i didn’t mind since i could see that he was doing well.
“They had just opened a new outlet at keffi and i was proud of him and his people
“Then i went to eat Afang at the new Just Afang restaurant in Ikoyi beside his office and branched to ask him to join me.
“He wasn’t in the office and still didnt take my calls so i left him since i didnt even knw the cost of the Afang bf i go and shoot myself
“So you can imagine my shock as i hear this story this morning. This last night o, Laolu jumped and left.
“Whatever has led to this, is really not worth it. But then again, people have different constitutions and mental aptitude
“This is why we must be kind to each other. Reach out, call people ask after their well being
“Much more importantly. If you have a problem, shout. Ask for help, seek advice. Dont be quiet shout.
“If Buhari with all the problem of this country on his head is still seating comfortably in Aso rock with tootpick in his mouth, why would you now with your own small problem come and jump
“This is really sad. Really really sad.
“Kai. May his soul rest in peace.”
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BREAKING: Security Forces Rescue Kidnapped Pupils, Teachers in Oyo Forest Operation
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Eight kidnappers arrested
Ibadan, Oyo State – Nigerian security agencies have successfully rescued a group of kidnapped pupils and teachers following a coordinated operation in Orire Local Government Area of Oyo State.
Photos circulating after the operation show the rescued victims gathered in a rural forest location alongside security personnel shortly after they regained their freedom.
According to available information, the victims were abducted by suspected kidnappers before security operatives launched an intensive search-and-rescue mission. The operation, carried out through coordinated efforts by security agencies, led to the safe recovery of the pupils and their teachers.
The rescued victims have since been reunited with security officials and are expected to undergo medical examinations and trauma counselling before being reunited with their families.
Authorities have not yet disclosed whether any arrests were made during the operation or if a ransom was paid. However, investigations are ongoing to identify and apprehend those responsible for the abduction.
The successful rescue has been welcomed by residents of the area, who commended the swift response of the security agencies while calling for increased security around schools and rural communities to prevent similar incidents.
The incident once again highlights the persistent security challenges facing some parts of the country, particularly the threat of school-related kidnappings, which have raised concerns among parents, educators, and community leaders.
Security agencies have assured the public that efforts are continuing to track down the perpetrators and strengthen measures aimed at protecting schools and vulnerable communities across the country.
Further official details are expected as the authorities provide updates on the operation.
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BREAKING: Tinubu Picks Shettima Again, APC Completes INEC Nomination Process
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…party predicts landslide victory at the poll
The ruling All Progressives Congress (APC) on Friday formalised its presidential ticket for the 2027 general election, as President Bola Ahmed Tinubu officially retained Vice President Kashim Shettima as his running mate. ExecutiveBranch
Displaying absolute confidence ahead of the polls, party leadership declared that its victory is already “assured,” citing a rock-solid foundation of over 12 million registered members and the visible milestones of the current administration.
The duly completed nomination forms for both President Tinubu and Vice President Shettima were submitted to the APC National Chairman, Prof. Nentawe Yilwatda, at a colourful ceremony at the Ladi Kwaki International Conference Centre of Abuja Continental Hotel for onward transmission to the Independent National Electoral Commission (INEC) portal.
Alhaji Ibrahim Masari, the Special Adviser to the President on Political Matters, submitted the documents on the President’s behalf.
The high-profile ceremony drew heavyweights from across the party, including members of the Progressive Governors’ Forum (PGF) led by Imo State Governor Hope Uzodimma, representatives from the National Assembly, the Federal Executive Council (FEC), and state party chairmen.
Welcoming dignitaries to the brief but solemn ceremony, APC National Organising Secretary Sulaiman Muhammad Argungu noted that the event was the natural climax of a highly transparent internal process.
“The presidential flag bearer emerged through a thoroughly transparent primary process,” Argungu said, while praising President Tinubu’s “positive strides” and urging party faithful to remain united, prayerful, and steadfast.
The ceremony culminated in the presentation of the completed nomination forms for the President and his running mate by the Presidential Adviser, Masari, who was accompanied by all the governors in attendance, members of the National Assembly and the Federal Executive Council (FEC).
Reinforcing the governors’ total commitment to the ticket, PGF Chairman Governor Hope Uzodimma stated that the transparent nature of the primaries had made marketing the candidates seamless.
“We are delighted that this event is coming after a well-organised and thoroughly supervised primary process,” Uzodimma said. “We reiterate our commitment to continue supporting President Tinubu and the party.” ExecutiveBranch
Uzodimma described the APC as a beacon of internal democracy and inclusiveness, promising that the governors would spearhead a total clean sweep at the polls.
“We will continue to support him in the larger interest of Nigerians and to take the country to greater heights. Together, we are going to deliver victory for President Tinubu and ensure the party wins all elective positions, including the National and State Assemblies,” Uzodimma added.
Receiving the nomination forms, APC National Chairman Prof. Nentawe Yilwatda stated that the revalidation of the Tinubu-Shettima ticket represents the authentic heartbeat of the party’s grassroots.
“Today is a reflection of the wishes of over 12 million members of our party who supported the President’s candidature,” Yilwatda remarked. “We are proud of the support already in the kitty of President Tinubu, and we are convinced that many more Nigerians will vote for him.” ExecutiveBranch
Yilwatda pointed to key initiatives such as the student loan scheme—which he noted has already benefited over 1.5 million students—alongside targeted agricultural interventions and nationwide infrastructure projects as verifiable proof of performance.
He urged party members to return to their local communities armed with facts rather than rhetoric to dismantle opposition narratives.
“While others are busy spreading propaganda, let us counter them with facts. Nigerians have seen governance that touches lives across the six geopolitical zones,” Yilwatda stated. GeographicReference
The National Chairman emphasised that the APC holds a distinct institutional advantage over its rivals, being the only political platform in the country backed by a fully digitalised and verified membership database.
“We already have about 12 million verified members. We are going round the country to mobilise support for the President. I am also confident that our governors will compete among themselves to deliver the highest number of votes,” Yilwatda said.
Sending a clear message to the President, the APC Chairman told Masari: “Go and tell the leader of our party (President Tinubu) that our members and Nigerians will vote for him to continue the excellent work he is doing. As a party, we are proud to be presenting the best candidate. There is no shaking at all. Come 2027, our victory is assured.”
Asked on the sidelines of the ceremony to confirm the party’s presidential running mate, as no name was mentioned throughout the ceremony, APC National Publicity Secretary Felix Morka said, “The presidential candidate of the party is President Bola Ahmed Tinubu GCFR, the Commander in Chief of the Armed Forces of the Federal Republic of Nigeria, and our Vice Presidential candidate is Senator Kashim Shetima.” ExecutiveBranch
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Tinubu Cracks Down on Fake Presidential Council, Mandates ICPC Probe Within 30 Days, Says Onanuga
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…directive follows discovery of forged appointment letters, fake Presidency documents
President Bola Ahmed Tinubu has directed the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to carry out a comprehensive investigation into the activities of the fictitious Presidential Foreign Intervention Promotion Council (PFIPC), ordering the anti-graft agency to submit its report within 30 days.
The latest directive marks a significant escalation in the Federal Government’s response to the alleged fraud involving one Adeniyi Adeyemi Matthew, who allegedly posed as the Director-General of the non-existent council while claiming to be a presidential appointee.
The Presidency had in recent days disclosed that Matthew allegedly forged the signature of the President’s Chief of Staff, Hon. Femi Gbajabiamila, and used counterfeit State House letterheads and other official documents to create the impression that the council was an authentic Federal Government institution.
It also emerged that the Office of the Secretary to the Government of the Federation had, as far back as October 2025, formally disowned the PFIPC, describing it as an unrecognised body with no legal basis, while presidential officials also called for an investigation into possible collaborators within government who may have facilitated the scheme.
In a statement issued on Tuesday by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu said the investigation should uncover the full extent of the alleged fraud and identify all individuals and institutions involved.
According to the statement, the PFIPC was never established by the Federal Government and has no foundation in any law, presidential instrument, executive approval or any other lawful act of government.
Among the issues listed for investigation are the alleged forgery of appointment letters and other official government documents, the use of a false claim of presidential appointment to obtain official recognition and diplomatic support, including visa facilitation, and the opening of multiple bank accounts in the names of purported government agencies using allegedly forged documents.
The President also directed the ICPC to investigate not only the activities of the principal suspect and his collaborators but also the broader circumstances that enabled the fictitious organisation and false presidential appointment to acquire an appearance of legitimacy.
The commission is expected to examine the origin and use of the forged official documents, the processes through which official recognition or diplomatic support may have been sought or obtained, the opening and operation of related bank accounts, the source and movement of funds connected to the alleged scheme, and the roles played by any public officials, private individuals, financial institutions or intermediaries who may have facilitated the operation.
President Tinubu further instructed the anti-corruption agency to identify weaknesses in government procedures that may have been exploited and recommend immediate measures to prevent similar incidents in the future.
He also directed all Ministries, Departments and Agencies of the Federal Government to cooperate fully with the ICPC by providing all relevant records, information and assistance required for the speedy conclusion of the investigation.
Reaffirming his administration’s commitment to accountability and institutional integrity, the President said the integrity of the Presidency and Federal Government institutions must be protected against impersonation, forgery, abuse of official identity and exploitation of weaknesses within the public service.
He added that anyone found culpable at the end of the investigation should be dealt with strictly in accordance with the law.
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