Nigeria’s Legendary Entrepreneur, Michael Ibru is Dead.

Olorogun Michael Christopher Onajirhevbe Ibru, the patriarch of the Ibru family and Otota of Agbarha-Otor kingdom and  one of Nigeria’s most revered and accomplished business leaders,  is dead.

Michael Ibru
Michael Ibru

According to a report by Nigeria’s’ Guardian newspaper, Ibru, who was the patriarch of one of Nigeria’s foremost business dynasties, passed on at a medical facility in the United States in the early hours of Tuesday, September 6, 2016.

Ibru, who was 86 at the time of his passing, was the founder of the Ibru Organization, one of Nigeria’ s largest privately owned conglomerates.

Ibru started his business in 1957 when he started importing frozen fish and selling it from the back of his truck. He went on to establish a full-fledged, vertically integrated fishing company in the 1970s. Over the next several decades he parlayed that fishing operation into a conglomerate with interests in shipping, agriculture, aviation, oil and gas. The group today employs thousands of people and is headed by his son, Oskar Ibru.

Ibru is survived by his wife, Nigerian banker Cecilia Ibru, and several children and grandchildren.

FORBES
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