Breaking News: Stockbroker & Co-Owner Of Bukka Huts, Laolu Martins Commits Suicide

 

A source who confided in Pegasus Reporters said that information at their disposal has it “that the deceased had taken an bet against the dollar and with the rubbish going on in the Forex market, he lost big-time and may have slipped into depression leading to his death by suicide”

*Late Laolu Martins

PEGASUS REPORTERS, LAGOS | SEPTEMBER 29, 2022

Laolu Martins a banker with over 21 years of experience in investment banking, corporate banking, stockbroking, asset and pension fund management, died on Tuesday night. He was said to have committed suicide in Lekki, Lagos, at around 3:00 am, September 28.

A source who confided in Pegasus Reporters said that information at their disposal has it “that the deceased had taken an bet against the dollar and with the rubbish going on in the Forex market, he lost big-time and may have slipped into depression leading to his death by suicide”

The family of the deceased also confirmed his death in a statement on Wednesday.

“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 specializing in investments within the Nigerian space.

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