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10 important things you need to know about late Michael Ibru

07 September 2016, 21:37

Lagos - Business mogul Michael Ibru died on Tuesday in the United States aged 86.

Here are ten important things you need to know about the late patriarch of the Ibru family in Delta State.

1. He attended Igbobi College from 1948 to 1951, spending less than four years in the five-year secondary education at the time.

2. He served as the head boy or senior prefect of the revered college, which is notable for producing the likes of J.F Ade Ajayi, Ernest Shonekan, Yemi Osinbajo, T.O Elias and Babatunde Fashola.

3. By 24, he registered his own company, LaIbru, which grew to become one of the biggest indigenous conglomerates in West Africa.

4. He was the husband of ex-Oceanic Bank MD Cecilia Ibru

5. He is famous for importing and selling fishes. The mainstay of the business was to import fish to Lagos from across the world in standard cold rooms. On arrival in Lagos, the fishes were then transported to different parts of the country for sale as frozen fish.

Also read: Michael Ibru dies at age 86

6. His trade faced a whole lot of criticism. Meat sellers and other critics referred to Ibru’s fish as “Oku eko”, which literally means “Lagos corpse”. He was seen as the “mortuary” fish seller.

7. As a success in the fishing line, he ventured into other businesses, including oil and gas, media, real estate, building construction, banking, aviation.

8. He said in his life that riches, wealth and success came from charitable works, like it worked for the famous King Solomon in the Holy Bible.

9. In his terrestrial years, Michael won, among many awards, the Nnamdi Azikwe leadership prize, and the Kwame Nkrumah Excellence in Enterprise Award.

10. His death came some weeks after the burial of his younger brother and a former governor of Delta State, Felix Ibru who died on March 12, 2016 at the age of 80.

Sources: The Cable, Punch.

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- News24 Nigeria


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