Nigerian Business mogul reportedly dies at 85

Business mogul, and patriarch of the Ibru family, Olorogun Michael Christopher Onajirhevbe Ibru is dead. reports say.

According to The Guardian, Ibru died in the United States on Tuesday, September 6, 2016, where he was receiving treatment.

Olorogun Michael Christopher Onajirevbe Ibru (OFR) was born on December 25, 1931 to Chief Peter Epete Ibru and Chief (Mrs.) Janet Omotogor Ibru, in Warri, Delta State.

He attended Igbobi College, Lagos between 1948 and 1951, after secondary school, he joined the United African Company (UAC), as a management trainee.

His sojourn in UAC was short-lived as his entrepreneurship instincts gave him the insight to form a partnership with his former boss, Jimmy Large, known as Labru.

According to reports, Labru was established as a a trading company with tentacles spreading into other West African nations, before Ibru discovered that the frozen fish market had enormous potentials.

In 1975,the then Midwest State government appointed Ibru as a member of the Provisional Council of the University of Benin.

As a result of his success in business Olorogun was appointed as a member of the Economic Cabinet Committee of the former Midwest State, the African Development Bank President’s Round Table of Businessmen in Africa, the Business Advisory Council of the International Finance Corporation (IFC).

He was awarded the Officer of the Order of the Federal Republic (OFR) in 1981.

Academic institutions also honoured him with various honorary degrees. He bagged the Honorary Doctor of Laws (Hon. LL.D.) of the University of Benin (1978) and University of Ibadan (1978), Doctor of Agriculture (Honoraris Causa), University of Agriculture, Abeokuta, 2004.

Olorogun Michael Christopher Onajirevbe Ibru (OFR) retired from the position of Oceanic Bank International Plc, Chairman in 2007.

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