Edeson Online News: TRIBUTE: The Life & Times of Business Icon Michael Ibru + How He Died

Wednesday 7 September 2016

TRIBUTE: The Life & Times of Business Icon Michael Ibru + How He Died

Michael Ibru was a Nigerian businessman from Agbara-Otor, Delta State. He was the head of the Ibru Organization, one of the largest conglomerates in Nigeria. As a traditional chieftain of his homeland, Ibru
bore the tribal honorific Olorogun and often used it as a pre-nominal style. This title is also borne by many of the members of his large family in the same way.Unfortunately he died yesterday born September 6, 2016 at the age of 86.

Ibru was born to the family of Peter Ibru, a missionary worker, who also worked at the Igbobi Orthapaedic Hospital, Lagos. After secondary school, he joined the United African Company, as a management trainee. In 1956, a few years after joining U.A.C, he dropped out of the company and started a partnership, which he called Laibru. Michael Ibru discovered that the frozen fish market was a fertile market with the potential to deliver returns above the market rate.

To trade in seafood, he established an importing company, he also rented and built cold storage facilities across the country. By the mid-1960s trading fish had become the traditional money maker for the Ibru organization. He also invested in palm oil production. Over the years, the Ibru Organization has expanded into other areas such as Tourism, Brewery, Timber and Poultry.

He was known as an entrepreneurial figure who created one of the largest modern Nigerian owned groups with other figures such as the low key Bode Akindele.
Chief Ibru has five wives and seventeen children, the most prom
inent being Olorogun Oskar Ibru (who heads Ibafon Ports) and Cecilia Oboden Ibru (who is a key player in Oceanic bank International PLC). He also tried his hands in politics, in 1983, he was a gubernatorial candidate but lost to Samuel Ogbemudia. He is also a member of the Liberal Convention and the New Movement, which metamorphosed to become NRC.
He died of an unknown illness.
May his soul rest in peace. Amen

Edited by: Endy Edeson
Photo News Editor: Endy Edeson
................
Read More News Stories on my News Blog
www.EndyEdesonNews.Blogspot.com
...,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
**Visit My Technology Blog**
For Business Tips, Career Tips, Motivation and lots more
www.EdesonInfoTech.blogspot.com

CLICK HERE TO COMMENT ON THIS POST ON EDESON NEWS FACEBOOK PAGE

FACEBOOK COMMENTS