Billionaire Industrialist Oskar Ibru Dies at 67

Nigeria’s corporate and social circles were thrown into mourning on Wednesday following the death of Olorogun Oskar Ibru, chairman of the Ibru Organisation and one of the country’s most recognisable business moguls. He was 67.

In a statement reported by Arise News, the Ibru family confirmed that the billionaire industrialist passed away after a brief illness. Details about the nature of the illness were not disclosed.

Oskar Ibru was a pivotal figure in Nigerian business, having taken up the responsibility of sustaining and expanding the conglomerate founded by his late father, Olorogun Michael Ibru. The Ibru Organization, one of Nigeria’s foremost business empires, spans shipping, oil and gas, real estate, agriculture, and commerce, making the family name synonymous with corporate leadership and influence.

His passing comes less than a decade after the death of the family patriarch in 2016, marking another major loss for the Ibru dynasty. Oskar was widely regarded not only as a shrewd businessman but also as a philanthropist and socialite, with strong ties across Nigeria’s elite social scene.

Tributes have begun to pour in from across the country. Media entrepreneur and Ovation International publisher Dele Momodu took to Instagram to express his grief. “News has just reached me in the skies that one of Nigeria’s most recognizable businessmen, OLORUNGUN OSKAR IBRU, has passed on,” Momodu wrote.

“He was an extremely friendly gentleman and a socialite per excellence, who was loved so passionately by families and friends… Rest in peace, dear Brother.”

Oskar Ibru’s death is expected to spark an outpouring of condolences from political leaders, business partners, and cultural figures who were connected to his decades of work in the private sector.

Funeral arrangements will be announced by the family in the coming days.

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