Sunday 18092016
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SUNDAY VANGUARD, SEPTEMBER 18, 2016, PAGE 33<br />
C<br />
M<br />
YK<br />
By Festus Ahon<br />
At about 1 pm, the day<br />
suddenly turned<br />
dark.<br />
The people of<br />
Agbarha-Otor in<br />
Ughelli North Local Government<br />
Area of Delta State wept. It was<br />
on a Tuesday and the day was<br />
6th September when news filtered<br />
in that one of the first<br />
Urhobo billionaires and business<br />
titan, Olorogun Michael<br />
Christopher Onajirhevbe Ibru,<br />
OFR had passed on at the age of<br />
85, less than four months to his<br />
86th birthday at Maryland,<br />
United States of America, USA.<br />
Born by the late Chief Epete<br />
Ibru of Agbarha-Otor, a missionary<br />
worker and late Chief Mrs<br />
Omotogor Ibru, a trader of the<br />
Osadjere family of Ovwor-<br />
Olomu, Olorogun Michael<br />
Christopher Onajirhevbe Ibru<br />
began life at a very tender age<br />
after finishing from the famous<br />
Igbobi college in 1951 being the<br />
first child of the family.<br />
Driven by the passion to make his<br />
family prominent, the late Olorogun<br />
Michael Christopher Onajirhevbe<br />
Ibru took all his siblings, Felix<br />
(late), Alex (late), Goodie, Grace and<br />
Bernard (late) along in his business<br />
after ensuring that they were all well<br />
educated.<br />
Olorogun Michael Christopher<br />
Onajirhevbe Ibru who picked up<br />
job with the United African<br />
Company, UAC in Lagos as a<br />
Manager training, ventured<br />
into his private business few<br />
years later.<br />
He founded a company,<br />
Laibru, in partnership<br />
with his boss in the office,<br />
an expatriate, Jimmy<br />
Large and by 1956 he<br />
founded the famous<br />
Ibru Organization.<br />
As Chairman of the<br />
Ibru organization, one<br />
of the largest conglomerates<br />
in Nigeria and<br />
the West Africa sub<br />
region, Olorogun<br />
Michael Christopher<br />
Onajirhevbe Ibru was a<br />
major stakeholder and<br />
influential figure or factor<br />
in the Nigerian economy in<br />
the 60s, 70s, 80s and the early<br />
90s.<br />
After engaging in general<br />
trading with some success, in 1957,<br />
Michael Ibru discovered that the<br />
frozen fish market was a fertile<br />
market with the potential to deliver<br />
returns above the market<br />
rate.<br />
However, it was a<br />
tough market to<br />
penetrate, at<br />
the time,<br />
many<br />
expatriate<br />
firms and<br />
Nigerian<br />
traders<br />
were not<br />
interested<br />
in the<br />
market.<br />
But he<br />
felt he could<br />
put extra<br />
effort communicating<br />
with<br />
general traders,<br />
who played key roles<br />
The Man<br />
Olorogun Michael<br />
Christopher<br />
Onajirhevbe Ibru<br />
in the eventual acceptability of the<br />
product. To trade in seafood, he<br />
established an importing company.<br />
He also rented and built cold storage<br />
facilities across the country.<br />
By the mid 1960s trading fish had<br />
become the traditional money maker<br />
for the Ibru organization. Though he<br />
•Michael Ibru<br />
had other profitable interests in<br />
other areas such as transportation<br />
and construction, fish trading<br />
helped him secure financing and<br />
other forms of capital to engage<br />
in large scale trading.<br />
He established a partnership<br />
with a Taiwanese company,<br />
Osadjere Fishing Company,<br />
which provided Trawlers and<br />
other accessories for trading.<br />
By the end of the 1960s he<br />
branched out fully into other<br />
areas of the economy. Like<br />
a lot of his contemporaries,<br />
he established a<br />
transportation company,<br />
called Rutam.<br />
He also invested in<br />
palm oil production.<br />
Over the years,<br />
the Ibru Organization<br />
expanded into<br />
other areas such<br />
as Tourism,<br />
Timber and<br />
Poultry.<br />
He was known<br />
as an entrepreneurial<br />
figure<br />
who created one of<br />
the largest modern<br />
Nigerian owned<br />
groups with other<br />
figures who were his<br />
contemporaries.<br />
Because of his love for<br />
education and his<br />
people, Olorogun Michael<br />
Christopher Onajirhevbe<br />
Ibru founded the Ibru College,<br />
Agbarha-otor in 1969, which has<br />
today produced many graduates in<br />
all fields of human endeavour. Few<br />
years ago, he also<br />
established the Michael and<br />
Cecilia Ibru University in<br />
Agbarha-Otor.<br />
He also built a private airstrip in<br />
Agbarha-Otor in the early 80s,<br />
Skol brewery in Agbarha-Otor and<br />
Pepsi cola which created employment<br />
for so many Nigerians in the<br />
70s.<br />
Olorogun Michael Christopher<br />
Onajirhevbe Ibru had five wives<br />
and 17 children including<br />
Olorogun Oskar Ibru, who heads<br />
Ibafon Ports and Vice Chairman<br />
of the Ibru organization, Peter<br />
Ibru, Emma Ibru and Oboden<br />
Ibru, who was a key player in<br />
the defunct Oceanic bank<br />
International PLC.<br />
The late Olorogun Michael<br />
Christopher Onajirhevbe Ibru<br />
also tried his hands in politics<br />
in 1983. He was a gubernatorial<br />
candidate in the defunct Bendel<br />
State but lost to Gen Samuel<br />
Ogbemudia rtd.<br />
He was also a member of the<br />
Liberal Convention and the<br />
New Movement, which metamorphosed<br />
to become National<br />
Republican Convention, NRC<br />
during the two political party<br />
system under then Military<br />
President Ibrahim Badamosi<br />
Babangida.<br />
He made his marks in almost<br />
all aspects of life hence many<br />
people described him as man<br />
with many parts who made<br />
wave in the world as there is<br />
hardly any country in the world<br />
where the late Olorogun<br />
Michael Christopher<br />
Onajirhevbe Ibru does not<br />
have his presence.<br />
OUR ERROR<br />
Yesterday,<br />
owing to a<br />
technical<br />
challenge in our<br />
production<br />
process, a<br />
wrong<br />
photograph was<br />
used to<br />
illustrate the<br />
person of Late<br />
Michael Ibru. The<br />
page is reproduced<br />
here with the<br />
appropriate<br />
photograph.