In 1957, Ibru began distributing frozen fish in Nigeria; he was a pioneer in this business. He would later form the Ibru Sea Foods, a company through which he imported frozen fish and sold them using the back of truck. The business grew and he was able to partner with a prominent Japanese firm.
Over time, Ibru expanded his business to vehicle transportation, distribution and fruit growing, brewing, construction and petroleum distribution.
Some other prominent members of the Ibru family include Michael’s eldest son Olorogun Oskar Ibru, Alex Ibru, Felix Ibru, Oboden Ibru and Cecilia Ibru
Alex Ibru is the chairman of Rutam Motors and he was an ex-minister of Internal Affairs between 1993 and 1995. Felix Ibru was a former governor of Delta State. Prior to becoming governor he was the founder of an architectural firm. Cecilia was the former Managing Director and Chief Executive Officer of Oceanic Bank.
#3 Okoya-Thomas Family
Prince Molade Okoya-Thomas is the progenitor of the wealthy Okoya-Thomas family. He was the chairman of CFAO Nigeria Limited prior to his death on the 2nd of February 2015. His father was the first local staff of CFAO and he served the company for 52 years.
Prince Okoya-Thomas trained as an accountant at the Columbia University in New York City in 1981. After his graduation, he return to Nigeria to begin his career as an accountant with CFAO.
He eventually rose to become the chairman of the company. Okoya-Thomas was also the Director of Transcap Nigeria Limited, NFI Insurance Company Plc, Gateway Bank Plc and Niger Motors Industries Limited. He was also the Chairman of Studio Press Nigeria Limited.
Another prominent of the Okoya Thomas family is Princess Olajumoke Abidemi Okoya-Thomas. She is a member of the Federal House of Representatives of Nigeria representing the Lagos Island I Federal Constituency of Lagos state.
#4 Dantata Family
The Dantata Family is arguably the richest families in the country with the billionaire businessman Aliko Dangote also being related to this prestigious family.