The question of who invented the banjulele has long been debated. What can't be debated is that Alvin Keech was the man who trademarked the term 'banjulele' and the man who popularized it. Keech was born in Hawaii and moved to England (I can't imagine what possessed him). His instruments exploded in popularity in the 1920's and 30's and are still very popular with banjo uke collectors today.
Although Keech are most famed for their banjoleles, they also made wooden ukes. Here's Matt Richards playing a rather lovely tune on his vintage Keech ukulele.
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Keech Banjolele Ukulele