Michael Ibru (1930) is a prominent Nigerian businessman from Agbarha-Otor, Delta State. He is the head of the Ibru Organization, one of the largest conglomerates in Nigeria. As a traditional chieftain of his homeland, Ibru bears the tribal honorific Olorogun and often uses it as a pre-nominal style. This title is also borne by many of the members of his large family in the same way.
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. The corporate entity was in partnership with an expatriate, Jimmy Large. After engaging in general trading with some success, in 1957, Michael Ibru discovered that the frozen fish market was a fertile market with the potential to deliver returns above the market rate. However, it was a tough market to penetrate, at the time, many expatriate firms and Nigerian traders were lacking and some were not interested in the market. But he felt he could put extra effort communicating with general traders, who played key roles in products acceptance. 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. Though he had other profitable interests such as transportation and construction, fish trading helped him secure financing and other forms of capital to engage in large scale trading. He established a partnership with a Taiwanese company, Osadjere Fishing Company, which provided Trawlers and other accessories for trading. By the end of the 1960s he branched out fully into other areas of the economy. Like a lot of his contemporaries, he established a transportation company, called Rutam. 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 is 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.
Michael Ibru attended Igbobi College, and acquired a school certificate in 1951.
Chief Ibru has five wives and seventeen children, the most prominent being Olorogun Oskar Ibru (who heads Ibafon Ports) and 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.
Please enter at least one item.
Please enter at least one item.
Please enter the link of the website
Optionally you can add display text
Please enter the email address
Optionally add any display text
Please enter the link of the image
Please enter the link of the video
This policy contains information about your privacy. By posting, you are declaring that you understand this policy:
Your name, rating, website address, town, country, state and comment will be publicly displayed if entered.
Aside from the data entered into these form fields, other stored data about your comment will include:
Your IP address (not displayed)
The time/date of your submission (displayed)
Your email address will not be shared. It is collected for only two reasons:
Administrative purposes, should a need to contact you arise.
To inform you of new comments, should you subscribe to receive notifications.
A cookie may be set on your computer. This is used to remember your inputs. It will expire by itself.
This policy is subject to change at any time and without notice.
Terms and Conditions
These terms and conditions contain rules about posting comments. By submitting a comment, you are declaring that you agree with these rules:
Although the administrator will attempt to moderate comments, it is impossible for every comment to have been moderated at any given time.
You acknowledge that all comments express the views and opinions of the original author and not those of the administrator.
You agree not to post any material which is knowingly false, obscene, hateful, threatening, harassing or invasive of a person's privacy.
The administrator has the right to edit, move or remove any comment for any reason and without notice.
Failure to comply with these rules may result in being banned from further commenting.
These terms and conditions are subject to change at any time and without notice.