Last Update

2011-10-08T00:00:00.000Z

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Wrong Michael Ibru?

Mr. Michael C.O. Ibru

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Background Information

Employment History

Managing Director

OCEANIC BANK INT'L PLC

Affiliations

Member
New Movement

Member
Liberal Convention

Education

Igbobi College

Igbobi College , Lagos

Web References (37 Total References)


Chief Michael Ibru (OFR)

www.ackcity.net [cached]

Chief Michael Ibru | MORE | Read more

...
Chief Michael Ibru (OFR)
...
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 [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 Ibru (1930) is a ...

globalexcellenceonline.com [cached]

Michael Ibru (1930) is a prominent Nigerianbusinessman from Agbarha-Otor, Delta State. He was the head of the Ibru Organization, one of the largestconglomerates in Nigeria. As a traditional chieftain of his homeland, Ibru bore 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 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.
...
Michael Ibru attended Igbobi College, and acquired a school certificate in 1951.
Chief Ibru had 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.


Michael Ibru (1930) is a ...

globalexcellenceonline.com [cached]

Michael Ibru (1930) is a prominent Nigerianbusinessman from Agbarha-Otor, Delta State. He was the head of the Ibru Organization, one of the largestconglomerates in Nigeria. As a traditional chieftain of his homeland, Ibru bore 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 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.
...
Michael Ibru attended Igbobi College, and acquired a school certificate in 1951.
Chief Ibru had 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.
...
Michael Ibru


Prominent Nigerian businessman, ...

9jamob.com [cached]

Prominent Nigerian businessman, Michael Ibru who is the head of the Ibru Organization, one of the largest conglomerates in Nigeria, has passed away. The patriarch of the Ibru dynasty, from ...

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