Olorogun Michael Ibru Is Dead

Olorogun Michael Ibru, chairman of the Ibru Organization and husband of Cecilia Ibru, the former CEO of the now defunct Oceanic Bank is dead. He died at the age of 86 in the early hours of Tuesday.

His death comes just over one month after the burial of his younger brother, Olorogun Felix Ibru, the first civilian governor of Delta State.

According to family sources , the late Michael Ibru, who had been battling with his health for over eight years, died in the early hours of Tuesday in Florida, U.S.

The entrepreneur was the first son of Chief Epete Ibru of Agbarha-Otor in Ughelli North Local Government Area of Delta State.

EFCC To Prosecute Goodie Ibru Over Alleged N1bn Fraud

The Economic and Financial Crimes Commission has filed 11 counts of fraud against the former Chairman of Ikeja Hotels Plc, Mr. Goodie Ibru, for allegedly defrauding the hotel to the tune of N1bn.

A copy of the charge sheet, numbered LD/117C/2015, was filed before Justice Raliatu Adebiyi of the Lagos Division of the Lagos State High Court. Ibru was charged alongside three other corporate organisations, including Associated Ventures International Limited, IHL Services Limited and Clearview Investment Limited.

The alleged offence was said to have been committed between January and December 2010.