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| Description: Net Worth: $1.1 BILLION Industry: Diversified Country of Citizenship: Nigeria Age: 84 Number of Jobs Created: 13,000 Michael Ibru, the ailing patriarch of the Ibru Organisation, is one of Nigeria’s foremost industrialists. The Ibru Organisation has significant stakes in shipping, aviation, publishing, hotels, oil and gas, fishing, poultry and jetties businesses in Nigeria. The group employs over 13,000 people. Ibru founded the organization in 1957 at the age of 26, as a general trading company, and subsequently ventured into frozen fish distribution. One of the company’s subsidiaries, Ibru Seafoods, is the largest cold storage and distribution network in Africa, with a storage capacity of 30,000 metric tonnes. The company also owns several palm plantations across Nigeria. |
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