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Bukka Hut Clears Air On Brand Ownership

Buka Hut

September 29, (THEWILL) – Bukka Hut, a fast food chain company, based in Lagos State, has through its management, revealed that late Laolu Martins is not a co-founder of the company.

Martins passed away on September 27, but the circumstances surrounding his death are yet to be revealed.

While announcing his death, the bereaved family described Martins as “one of the co-founders” of Bukka Hut.

However, in a statement released by the company, it raised alarm about what it described as “misrepresentations” in the media (not TheWill) that described Martins as the founder.

It said Rasheed Jaiyeola, the company’s majority shareholder, founded the restaurant in 2011 and is the CEO.

The company said Jaiyeola built the business from one outlet in August 2011 to 24 outlets.

It said Bukka Hut is run and operated solely by Rasheed Jaiyeola with the support of the senior management team.

The company added that the late Olaolu was a” minority shareholder and a valued supporter” of the business.

The statement said he was not involved in the day-to-day operations of Bukka Hut.

“It is unfortunate that we are also constrained to address the gross misrepresentation of verifiable facts making the rounds on various social media platforms at this time,” the company said.

“While we urge all media platforms to refrain from disseminating unverified and inaccurate information, we also enjoin members of the public to kindly respect the privacy of the Martins family at this very difficult time.”