Nigeria’s business community has been thrown into mourning following the death of billionaire industrialist, Olorogun Oskar Ibru, who passed away at the age of 67. Ibru, a scion of the famous Ibru dynasty, was widely celebrated as a visionary entrepreneur whose investments cut across several sectors of the economy.
Family sources confirmed his passing on Tuesday, noting that he had been battling health challenges in recent years. Until his death, Oskar Ibru remained one of the most influential figures in Nigeria’s private sector, credited with expanding the family’s business empire into new industries and sustaining its legacy as one of the country’s most prominent entrepreneurial families.
Born in 1958, Oskar Ibru studied in Nigeria and abroad before returning home to join the family conglomerate. Over the decades, he established a strong footprint in sectors such as banking, shipping, oil and gas, agriculture, and real estate. As chairman of Ibru Organisation and founder of Oceanic Bank International before its eventual merger, he played a central role in shaping Nigeria’s corporate landscape.
Beyond business, Ibru was also known for his philanthropy. He supported numerous educational, health, and cultural initiatives, especially in Delta State and other parts of Nigeria. His generosity and contributions to community development earned him respect not just as a businessman but also as a humanitarian deeply committed to social impact.
Tributes have continued to pour in from political leaders, business executives, and associates, who described him as a pioneer, a mentor, and a symbol of resilience. Many recalled his ability to navigate Nigeria’s volatile business environment with innovation and foresight, while others praised his role in nurturing younger generations of entrepreneurs.
Oskar Ibru is survived by his wife, children, and extended family, who have requested privacy as burial arrangements are being finalized. The Ibru family, one of the most influential in Nigeria’s history, has assured that details of his funeral rites will be announced in due course.
His death marks the end of an era for the Ibru dynasty and the Nigerian private sector. Yet, many say his legacy of enterprise, philanthropy, and leadership will endure, continuing to inspire entrepreneurs and community leaders across the country.
