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Ibru Organization
The Ibru Organization, established in 1956, became one of the largest conglomerates in Africa. By 1990 it had between 9,000 and 11,000 employees. By 2009 the Ibru Organization was a multi-billion dollar business with interests that included shipping, Hospitality, agriculture, aviation, banking, oil and gas. Origins The Ibru family are Urhobo people from Agbarha-Otor, near Ughelli in Delta State. The family patriarch was Chief Peter Epete Ibru, a missionary who worked for much of his life in Yorubaland. He rose to the position of nursing superintendent at Igbobi orthopedic hospital, Lagos. His wife Janet Omotogor Ibru was the matriarch of Ibru dynasty, aged 98 years when she died on 15 March 2006. She was a trader, and daughter of the fabulously wealthy chief Osadjere of Olomu. She was closely involved in the organization. The founder of the firm was their son Michael Ibru. Michael gained a secondary education at Igbobi College, then worked for the United Africa Company from 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Africa
West Africa or Western Africa is the westernmost region of Africa. The United Nations defines Western Africa as the 16 countries of Benin, Burkina Faso, Cape Verde, The Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone, and Togo, as well as Saint Helena, Ascension and Tristan da Cunha ( United Kingdom Overseas Territory).Paul R. Masson, Catherine Anne Pattillo, "Monetary union in West Africa (ECOWAS): is it desirable and how could it be achieved?" (Introduction). International Monetary Fund, 2001. The population of West Africa is estimated at about million people as of , and at 381,981,000 as of 2017, of which 189,672,000 are female and 192,309,000 male. The region is demographically and economically one of the fastest growing on the African continent. Early history in West Africa included a number of prominent regional powers that dominated different parts of both the coastal and internal trade networ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alex Ibru
Alex Ibru (1 March 1945 – 20 November 2011) was a Nigerian businessman, founder and publisher of '' The Guardian'' (Nigeria) newspaper, who was minister of internal affairs from 1993 to 1995 during the military regime of General Sani Abacha. Background Ibru was a son of Chief Janet Omotogor Ibru and brother of Chief Michael Ibru, founder of the Ibru Organization. Ibru was born on 1 March 1945 in Agbhara-Otor, in today's Delta State. He attended the Yaba Methodist Primary School (1951–1957), Ibadan Grammar School (1958–1960), Igbobi College, Lagos (1960–1963) and Trent Polytechnic in the United Kingdom (1967–1970), where he studied business economics. Business career Ibru was chairman of Rutam Motors. In 1983, he met with the newspapermen Stanley Mecebuh of ''Daily Times of Nigeria'', Dele Cole also formerly of that paper and Segun Osoba, formerly of ''Nigerian Herald''. With 55% funding from the Ibrus, they launched '' The Guardian'' in 1983, with Alex Ibru as chai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate Companies Of Nigeria
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Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Conglomerate (record label), a hip hop label founded by Busta Rhymes * The Conglomerate (Australian group), a jazz quartet See also * Conglomerate Ridge, in the Ellsworth Mountains, Antarctica * ConGlomeration (convention) ConGlomeration was an annual multigenre convention held in or around Louisville, Kentucky between 2001 and 2019. ConGlomeration was an all-volunteer non-profit organization which, as part of its convention programming, conducted charitable activ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yaba College Of Technology
Yaba College of Technology, popularly known as YABATECH, was founded in 1947, and is Nigeria's first higher educational institution. It is located in Yaba, Lagos. It has a student enrollment of over 16,000. Overview Yaba College of Technology was established in 1947 as a successor of Yaba Higher College. It attained autonomous status in 1969 by virtue of Decree 23 which granted it the mandate to provide full-time and part-time courses of instruction and training in technology, applied science, commerce and management, agricultural production and distribution; and for research. Yaba College of Technology is the first higher institution in Nigeria to establish a Centre for Entrepreneurship Development, with linkages with the world of commerce and industry. The centre offers compulsory courses which must be taken by all students throughout their stay in the college. There is a Quality Assurance Unit in the college which monitors the quality of academic service delivery. The Ap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Felix Ibru
Felix Ovudoroye Ibru (7 December 1935 – 12 March 2016) was a Nigerian architect the first democratically elected Governor of Delta State and Senator for Delta Central Senatorial District. Until his death he held the position of President General of the Urhobo Progressive Union (UPU). As a traditional chieftain of his homeland, Ibru bore the tribal honorific Olorogun and often used it as a pre-nominal style. This title is also borne by many of the members of his large family in the same way. Background Ibru was born on 7 December 1935 at Agbarha-Otor in the Ughelli North local government area of Delta State to Chief Peter Epete Ibru and Chief (Mrs). Janet Omotogor Ibru, the second of seven children. His brother Michael Ibru is the founder of the Ibru Organization, a major conglomerate. He was educated at Yaba Methodist School, and later Igbobi College where he was Head Boy in 1955. He won the Elder Dempster Lines Scholarship to travel to the United Kingdom. After his seconda ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Stock Exchange
The Nigerian Stock Exchange (NSE) now Nigerian Exchange Group is a Nigerian stock exchange founded in 1961 in Lagos. As of November 2019, it has a total of 161 listed companies, with 8 domestic companies on the premium board, 144 companies on the mainboard, and 4 on the Alternative Securities Market (ASeM) board. In the Fixed Income market, the NSE has 84 FGN bonds, 21 state bonds, 27 corporate bonds, 1 supranational bond, and 53 memorandum listings. Mission The NSE mission is to enable businesses and investors to have reliable access to capital and provide secure saving systems and structure for effective and efficient business operations. History The Nigerian Stock Exchange was founded as the Lagos Stock Exchange, on September 15, 1960. The Lagos Stock Exchange is the oldest existing stock exchange in West Africa. There were seven subscribers to the Exchange’s Memorandum of Association: R.S.V. Scott, representing C.T. Bowring and Co. Nigeria Ltd.; Chief Theophilus Adebayo D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Guardian (Nigeria)
''The Guardian'' is a Nigerian independent daily newspaper, established in 1983, published by Guardian Newspapers Limited in Lagos, Nigeria History ''The Guardian'' was established in 1983 by Alex Ibru, an entrepreneur, and Stanley Macebuh, a top journalist with the ''Daily Times'' newspapers, with its model copied from the original ''The Guardian'' in the UK. ''The Guardian'' was a pioneer in introducing high-quality journalism to Nigeria with thoughtful editorial content. The paper was first published on 22 February 1983 as a weekly, appearing on Sundays. It started daily publication on 4 July 1983. During the administration of General Muhammadu Buhari, reporters Tunde Thompson and Nduka Irabor were both sent to jail in 1984 under Decree No. 4 of 1984, which suppressed journalistic freedom. On 26 August 1989 ''The Guardian'' published a long letter by Dr. Bekolari Ransome-Kuti, a human-rights activist, entitled "Open Letter to President Babangida", in which he criticized wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily Times Of Nigeria
''The Daily Times'' is a newspaper with headquarters in Lagos. At its peak, in the 1970s, it was one of the most successful locally owned businesses in Africa. The paper went into decline after it was purchased by the government in 1975. What was left was sold to a private investor in 2004. Folio Communications Limited officially assumed the ownership of the Daily Times of Nigeria Plc on September 3, 2004, after a colorful handover ceremony that was televised. The company was not and is still not a consortium. It is a private limited-liability company. The printing of the flagship title ''The Daily Times'' resumed after the assumption of ownership in earnest from 2006 until 2009, partially to satisfy the embedded requirements contingent upon the Enterprise Sale Deed while company turnaround and restructuring continued. Although the flagship ''Daily Times'' returned to the streets in December 2014, further efforts have been made towards the return of the other viable titles, espec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oceanic Bank
Oceanic Bank International, commonly referred to as Oceanic Bank, was a bank in Nigeria that provided individual, commercial and corporate banking services. History Oceanic Bank was incorporated on March 26, 1990, as a private limited liability company with 100% equity ownership by Nigerian citizens, and licensed on April 10, 1990, to carry on commercial banking. The bank commenced business on June 12, 1990, at the Waterfront Plaza, Plot 270, Ozumba Mbadiwe Avenue, Victoria Island, Lagos. It was listed on the Nigerian Stock Exchange on June 25, 2004. In October 2010, Cecilia Ibru, the former head of Oceanic Bank, was sentenced to eighteen months and ordered to forfeit over US$1 billion for fraud. Following the sentencing of Mrs Ibru after she pleaded guilty to three-count charge bordering on negligence, reckless grant of credit facilities and mismanagement of depositors’ funds, the Bank was put into administration and subsequently acquired in 2011 by a rival bank, Ecobank. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Ibru
Michael Onajirevbe Ibru (25 December 1930 – 6 September 2016) was a Nigerian pioneer industrialistbillionaire business magnate and the founder of the Ibru Organization, one of the largest conglomerates in Africa. As a traditional chieftain of his homeland, Ibru bore the tribal honorific Olorogun and often used it as a pre-nominal style. This title is also borne by many of the members of his large family in the same way. Early life Ibru was born to the family of Janet Ibru and Peter Ibru, a missionary worker, who also worked at the Igbobi Orthapaedic Hospital, Lagos. After secondary school, he joined the United African Company, as a management trainee. In 1956, a few years after joining U.A.C, he resigned from the company and started a partnership, which he called Laibru. The corporate entity was in partnership with an expatriate, Jimmy Large. After engaging in general trading with some success, in 1957, Michael Ibru discovered that the frozen fish market was a fertile market w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cecilia Ibru
Cecilia Ibru (born 22 March 1946) is the former managing director and chief executive officer of Oceanic Bank.Online Nigeria"Cecilia Ibru" ''Online Nigeria'', Accessed December 9, 2012. Ibru began her work at the Ibru Organization. In 2009, she was arrested and pleaded guilty to charges of fraud. She was jailed and fined approximately one billion euros.She’s sleek and a fighter; tale of a rogue Nigerian billionaire October 2009 The Nation, Retrieved 23 February 2016 She lost her husband, Michael Ibru in September 2016. Early life and education Born to Edward and Victoria Sido Yes, Ibru attended Saint Margaret’s Grammar School in |
United Africa Company
The United Africa Company (UAC) was a British company which principally traded in West Africa during the 20th century. The United Africa Company was formed in 1929 as a result of the merger of The Niger Company, which had been effectively owned by Lever Brothers since 1920, and the African & Eastern Trade Corporation. In the early 1930s the United Africa Company was nearly reduced to bankruptcy and as a result it came under the control of Unilever which had just been formed. Unilever had only been created from the merger of Lever Brothers and the Dutch Margarine Union earlier on 3 March 1929. The United Africa Company continued as subsidiary of Unilever until 1987 when it was absorbed by the parent company. Chairmen *1929–1931 Sir Robert Whaley Cohen *1936–1953 Lord Trenchard * Frank Samuel *1969 Sir Arthur Smith Merchant fleet Background William Hesketh Lever was a well known soap manufacturer and became involved in the West Africa trade to supply his company, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
