Bukka Hut Clarifies Brand’s Ownership
The Board, Management and Staff of Bukka Hut have urged media platforms to refrain from disseminating unverified and inaccurate information regarding ownership of the Lagos-based eatery.
In a statement signed by Mr. Rasheed Jaiyeola, Founder and Chief Executive Officer (CEO) of Bukka Hut, the company said it had no other option than to address the gross misrepresentation of verifiable facts making the rounds on various social media platforms following the unfortunate transition of Mr. Olaolu Martins, who was an initial investor and a minority shareholder in Bukka Hut.
The company explained that Bukka Hut is run and operated solely by Jaiyeola with the support of a senior management team, adding that Jaiyeola is the majority shareholder of Bukka Hut, jointly with his family.
Media reports had largely indicated that the late Olaolu, who passed through transition on Tuesday, was the founder and owner of Bukka Hut whereas he was simply a valued supporter of the business who was not involved in the day-to-day operations of Bukka Hut.
The statement reads, “The Board, Management and Staff of Bukka Hut continue to mourn the unfortunate passing of Mr.Olaolu Martins, who was an initial investor and a minority shareholder in BukkaHut.
“While Olaolu was not involved in the day-to-day operations of Bukka Hut, he was a valued supporter of the business, and he will be sorely missed by all staff and management. We pray for the strength and fortitude to bear this great loss.
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“As we try to come to terms with the reality of Olaolu’s untimely passing,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 statement added that, “Rasheed Jaiyeola is the Founder, C.E.O and a majority shareholder (jointly with his family) of Bukka Hut, a proudly Nigerian brand he built from one outlet in August 2011 to 24 outlets today. The Bukka Hut business is run and operated solely by Rasheed Jaiyeola with the support of the senior management team.
“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.”
