Billionaire Industrialist Oscar Ibru dies at 67

Olorogun Oscar Ibru, billionaire businessman and chairman of the Ibru Organisation, has died at the age of 67.

His family confirmed the news, stating that he passed away after a brief illness, though no additional details were given about the circumstances of his death.

A prominent figure in Nigeria’s corporate world, Ibru was one of the most notable heirs of the Ibru dynasty. He played a crucial role in sustaining and expanding the vast family conglomerate founded by his late father, Olorogun Michael Ibru, with major interests in shipping, oil and gas, real estate, and commerce.

Seen as both a visionary entrepreneur and custodian of his family’s legacy, Oscar Ibru upheld the spirit that made the Ibru Organisation one of Nigeria’s most recognisable corporate brands. Under his leadership, the group remained a driver of jobs and wealth creation while also supporting philanthropic and cultural initiatives.

His passing marks another painful moment for the Ibru family, following the death of its patriarch, Michael Ibru, in 2016. Funeral arrangements are expected to be announced soon.