Billionaire industrialist Oskar Ibru dies at 67

Business mogul and chairman of the Ibru Organisation, Olorogun Oskar Ibru, has died at the age of 67.

According to a statement by his family, reported by Arise News on Wednesday, Ibru passed away after a brief illness.

Further details on the circumstances of his death were not disclosed.

A key figure in Nigeria’s corporate world, Ibru was one of the most prominent heirs of the Ibru dynasty.

He was instrumental in sustaining and expanding the conglomerate established by his late father, Olorogun Michael Ibru, whose business empire covered shipping, oil and gas, real estate, and commerce.

His passing comes less than a decade after the death of the family patriarch, Michael Ibru, in 2016.

Funeral arrangements are expected to be announced soon.

Reacting to the news on Wednesday, media entrepreneur and publisher of Ovation International, Dele Momodu, described Ibru as “an extremely friendly gentleman and a socialite per excellence.”

In a post on his Instagram page, Momodu wrote, “News has just reached me in the skies that one of Nigeria’s most recognisable businessmen, OLORUNGUN OSKAR IBRU, has passed on… He was an extremely friendly gentleman, and a socialite per excellence, who was loved so passionately by families and friends… He was the son of the business Titan, OLOROGUN MICHAEL IBRU… Rest in peace, dear Brother…”

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