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This profile was last updated on 4/5/13  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Michael Christopher Ibru

Wrong Michael Christopher Ibru?

Head

IBRU ORGANIZATION
 
Background

Employment History

Board Memberships and Affiliations

Education

  • Igbobi College , Lagos
20 Total References
Web References
Alhaji Aliko Dangote
www.ackcity.net, 5 April 2013 [cached]
Chief Michael Ibru (OFR) Michael Ibru is a prominent Nigerian Businessman from Agbarna-Ofor Delta State. He is the head of the Ibru
Olorogun Michael Ibru: An Impeccable Life at 80 by Onajomo Orere
www.waado.org, 25 Dec 2010 [cached]
Michael Ibru
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OLOROGUN (Dr.) Michael Christopher Onajirevbe Ibru, OFR has been a man of distinction.
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Michael Ibru attended the famous Igbobi College, Lagos between 1948 and 1951. During the period, he not only distinguished himself in academics, he also excelled in extracurricular activities such that in his last year in school, he was appointed Senior Prefect, a position usually reserved for the best students with leadership traits. Ibru performed so well in his onerous task that later, three of his four brothers also attended the same school.
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Michael Ibru was thus brought up in an atmosphere that unified the noble and time-honoured traditions of intellectual quest, faith in God and industry. His whole life has been a wonderful demonstration of the flourishing of these traditions - a life characterised by the exercise of genius, right motivations, and fear of God.
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Following the same rare path that is meant only for exceptional people, Michael Ibru, directly after leaving Igbobi College, secured a job in the United African Company (now UACN), as a manager-in-training. Here again this gifted man, Michael Ibru, set another pace for his peers, for he was one of the very few fresh school leavers to be so appointed to posts of responsibility by the UACN.
To test his entrepreneurial skills, he resigned from the UACN group in 1956 and founded the IBRU ORGANIZATION with the establishment of a modest trading company then called Laibru Limited.
Chief Michael Ibru | ...
www.ackcity.net, 18 Mar 2013 [cached]
Chief Michael Ibru | MORE
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Chief Michael Ibru (OFR)
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Michael Ibru is a prominent Nigerian Businessman from Agbarna-Ofor Delta State. He is the head of the Ibru organization, one of the largest conglomerates in Nigeria. He is the founder of Oceanic Bank International Plc.
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Michael went to school at Igbobi College, Yaba, Lagos from 1948 to 1951 where he did very well as a student and was made the senior prefect of his school in his final year in 1951.
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Chief Michael Ibru has five wives and seventeen children, among them are Oskar Ibru (Head of Ibafon Ports) and Oboden Ibru (Key player in Oceanic Bank International Plc).
Her husband, Michael ...
www.elombah.com, 29 Jan 2010 [cached]
Her husband, Michael Ibru, himself a Mohammed Ali look-a-like, is no less a personable individual. She still cherishes the memories of working with him in his company. She became the managing director of Oceanic Bank international in 1997.
Highly respected among her peers as the 'First Lady' of Nigeria's banking industry, Ibru was the first female leader to raise her bank's equity to N25bn, (approx $203m), the first female to head the 5th largest bank and the 9th largest company quoted on the Nigerian Stock Exchange, the first female CEO of a Western Union Agency in West Africa to meet the performance and turnover targets of Western Union, and in year 2000, the first female CEO to post over N1bn profit ($8.143m at today's value) in a financial statement.
In April 2007, Oceanic Bank International came in at number 110 in African Business' Top 200 African Companies rankings, 12th in the West African sub-region and 16th in sub-Saharan Africa.
Mrs Ibru is challenging her removal as the CEO of Oceanic Bank in court just as she pleaded not guilty to the charges the EFCC brought against her.
But if Sanusi lives up to his promise that "I want my son to be able to say ... 'if you steal money in the banks, my father will put you in jail", she faces certain imprisonment.
Michael ...
www.investornigeria.com, 24 Jan 2011 [cached]
Michael Ibru
The source of this article is Wikipdia (http://en.wikipedia.org/wiki/Michael_Ibru)
Michael Ibru (born 1932) 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.
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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 where lacking and some where 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 today as an entrepreneurial figure who created one of the largest modern Nigerian owned groups with other figures such as the low key Bode Akindele.
Education
Michael Ibru attended Igbobi College, and acquired a school certificate in 1951.
Private citizen
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 was also a member of the Liberal Convention and the New Movement, which metamorphosed to become NRC.
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