| Re: The Ibru(s) by casualobserver: 1:26pm On Sep 30, 2023 |
KunleMax:
"might have been worth a billion dollars or more in the 80s". Might?
With the way you talked about the Ibrus owning Ilashe beach, I think say you really Sabi them oh Or close to them.
The Ibru family is/was a multi-billion dollar family. It's not even a question of "might". I say “might” because when the Ibru’s reigned $1b was hard to come by. We are talking about 70s and 80s, It’s today that everybody is a billionaire. The number of billionaires in the world were not many. Our entire revenue from oil was not even up to $15b in the 70s- 90s 1 Like |
| Re: The Ibru(s) by KunleMax(m): 1:27pm On Sep 30, 2023 |
ChidiKalu:
I said (I think) the family collectively is wealthier than Dangote. We are talking assets here cos the Dangote Forbes networth is about assets.
"Alot" of new kids on the block would put the Ibrus to shame? Lmao. Please casually name like three of such new kids on the block.
PS: Obaro is not in hiding. Motherfucker is in "Dubai living his best life" (touring the world). He only went low-key after the oceanic crisis. Oga there's nothing to "think" oh. The Ibrus are not richer than Dangote "presently". Emphasis on "presently". But the true test will be in Dangote family passing & maintaining wealth across decades and generations. Na here Ibru & Dantata family take be everybody papa - generational wealth. And yes!! The nonsense Obaro dude is still ballin hard across the globe. |
| Re: The Ibru(s) by KunleMax(m): 1:55pm On Sep 30, 2023 |
casualobserver:
I say “might” because when the Ibru’s reigned $1b was hard to come by. We are talking about 70s and 80s, It’s today that everybody is a billionaire. The number of billionaires in the world were not many. Our entire revenue from oil was not even up to $15b in the 70s- 90s A recent study by some American bussiness group alluded to the fact that Nigerian Billionaires of old are far richer than our current billionaires. You dey forget say in the 70s & 80s the naira was stronger than the Dollar. If you were a billionaire in naira in the 80s it means you were also a billionaire in dollars, as naira was stronger, and Michael Ibru was definitely a billionaire in the 80s. Na these days $5m fit make you naira billionaire. The personal assets of Cecilia Ibru alone in 2010 dwarfed the combined networth of Otedola and Dangote. Didn't she forfeit $1.2B worth of assets to the govt? And that was just a fraction of her asset base sef. Omo!! Leave Ibru family oh. The family wealth used to run in the Multi-billions of dollars (dis na public knowledge nah). Don't know about their worth now but they are still stupendously wealthy. |
| Re: The Ibru(s) by KunleMax(m): 2:11pm On Sep 30, 2023 |
Hedonisco:
Abeg make I laugh. Even some top level yahoo boys would dust his azz in that same Dubai.
Generally I don't need to mention some heavy names but trust me, 'ordinary' Jowi, Captain Okunbor's heir, and many more will run Obaro out of own.
Wait oh!! When you talked about the new kids on the block that would casually put the Ibrus to shame when it's a Matter of cash, na Jowi zaza you dey talk about? Oluwa oh 😂 😂. Jowi zaza and Ibru family in the same sentence, how nah? Omo see wetin Social media doings don cause oh. Dem no even born him papa. Make I no too reason am...make I give you benefit of the doubt believe say na just Obaro & Jowi you dey strictly compare sha. Omo!! 1 Like |
| Re: The Ibru(s) by KunleMax(m): 2:22pm On Sep 30, 2023 |
ChidiKalu:
I said (I think) the "family" is collectively wealthier than Dangote (which is a possibility). It wasn't an authoritative statement and I was referring to the net assets of the Ibru family vs Dangote. 60-80% of Dangote's networth is derived from Nigeria stock exchange, paper valuation. No one knows the true extent of the Ibru family wealth as they are private...especially their real estate holdings across the globe. And I can tell you authoritatively that only Michael Ibru line is worth over $5B. There are documents that supports this.
You can't head POFON for years and not be a significant player in that industry. Aden River estates has over 6k hectares of Palm plantation...that's in no way small. Another major Nigerian player in the palm oil industry is Ajibola Adebutu.
PS: The Ibru family has stakes in all those industries you mentioned above. I think you truly don't know how wide their tentacles spread neither do you know how diversified they are (judging from your points on this thread). If na Emmanuel Ibru you dey talk about (Osaze Odewingie's boss), then you dey correct. The man is "perhaps" the most prominent indigenous player in the Oil palm industry. Owns over 15k hectares of plantation in Nigeria. Na proper billionaire. Cadidlady na you start this thread oh. Where you even dey sef? |
| Re: The Ibru(s) by casualobserver: 2:28pm On Sep 30, 2023 |
KunleMax:
A recent study by some American bussiness group alluded to the fact that Nigerian Billionaires of old are far richer than our current billionaires. You dey forget say in the 70s & 80s the naira was stronger than the Dollar. If you were a billionaire in naira in the 80s it means you were also a billionaire in dollars, as naira was stronger, and Michael Ibru was definitely a billionaire in the 80s. Na these days $5m fit make you naira billionaire.
The personal assets of Cecilia Ibru alone in 2010 dwarfed the combined networth of Otedola and Dangote. Didn't she forfeit $1.2B worth of assets to the govt? And that was just a fraction of her asset base sef.
Omo!! Leave Ibru family oh. The family wealth used to run in the Multi-billions of dollars (dis na public knowledge nah). Don't know about their worth now but they are still stupendously wealthy. I think you are getting carried away with the hype. In the 1980s when the Ibru’s were at their peak the whole of Coca Cola world wide was not worth $24b. Our entire federal budget in 1992 for example was less than $10b. Warren Buffet was only worth $3b in 1990. In 1992 the entire GDP of Nigeria was $42b! Having $100m in those days is like having $1b today. My personal opinion: no Nigerian was worth $1b uptill the 1990s except those who stole from government. The economy was just not big enough to make you a billionaire. Feeling or appearing to have stupendous wealth is. It the same as actually being worth $1b. Again I repeat $1b was not beans in the 70s to 90s when the Ibru’s were at their peak! $1b of 1970,1980 or 1990 is not $1b of 2023. Like many Nigerian businessmen of the time, their assets and businesses were mainly in Naira and we know what happened to the Naira. Devaluation eroded whatever wealth they had. Todays billion is not the same as $billion of the 80s. I personally doubt they ever reached the billion mark but I am willing to give the benefit of doubt but I am 100% sure they were never multi billionaires. Land was very cheap even uptill the early 2000s, it wouldn’t have cost more than $1m to buy the whole of ilashe beach at the time…if that. As for your comment about the American report, I can believe that because $1b today is approximately $100m in the 1980s. If it were based on that only Dangote would be a billionaire and then he would probably be about $1.5 max. Probably Rabiu and Mike would be jumping in and out of the billionaire index. So no matter the vastness of the business interests of the Ibru’s in the 1980s, they were nowhere close to Dangote. They would not have been billionaires in the 80s. Look at what Dangote empire is today, the countries he operates in, and yet in 1980s valuation, he probably would just managed to scrape the billionaire barrier and you think the Ibru’s were worth $1b in the 1980s…..with what? Businesses that were domestically focused and based on a Naira that lost 90% of its value in 10 years between 1982 and 1992? Even if they were (again I don’t believe they ever were) they lost the majority of their wealth because of the Naira. 2 Likes |
| Re: The Ibru(s) by KunleMax(m): 2:32pm On Sep 30, 2023 |
Hedonisco:
Haba. By the Ibrus I mean their kids na. How many first generation Ibrus are still alive? Is it Michael, Felix, or... Emm (what's his name) the one who owned Guardian and Sheraton?
So really. Who are the current "Ibrus"? Is it Oskar? Oboden? Obaro? Bet mind the smaller kiddos. They can't compete with the contemporary kids on the block.. Facts. Who be these contemporary kids on the block wey dey talk about sef? Cos I don't even understand you. |
| Re: The Ibru(s) by KunleMax(m): 2:54pm On Sep 30, 2023 |
casualobserver:
I think you are getting carried away with the hype. In the 1980s when the Ibru’s were at their peak the whole of Coca Cola world wide was not worth $24b. Our entire federal budget in 1992 for example was less than $10b. Warren Buffet was only worth $3b in 1990. In 1992 the entire GDP of Nigeria was $42b! Having $100m in those days is like having $1b today. My personal opinion: no Nigerian was worth $1b uptill the 1990s except those who stole from government. The economy was just not big enough to make you a billionaire. Feeling or appearing to have stupendous wealth is. It the same as actually being worth $1b. Again I repeat $1b was not beans in the 70s to 90s when the Ibru’s were at their peak! $1b of 1970,1980 or 1990 is not $1b of 2023.
Like many Nigerian businessmen of the time, their assets and businesses were mainly in Naira and we know what happened to the Naira. Devaluation eroded whatever wealth they had.
Todays billion is not the same as $billion of the 80s. I personally doubt they ever reached the billion mark but I am willing to give the benefit of doubt but I am 100% sure they were never multi billionaires.
Land was very cheap even uptill the early 2000s, it wouldn’t have cost more than $1m to buy the whole of ilashe beach at the time…if that.
As for your comment about the American report, I can believe that because $1b today is approximately $100m in the 1980s. If it were based on that only Dangote and probably Rabiu would be billionaires and no matter the vastness of the interests of the Ibru’s in the 1980s, they were nowhere closed to Dangote. This is not about hype but following the facts. And I get your point too. But the Ibrus were not even at their peak in the 80s (even though they were the wealthiest). Some of their companies today even kicked off in the 90s. Oceanic bank for example was founded in 1990. Multiple sources confirm the Ibru organization was still a multi-billion Dollar conglomerate in the 2000s. And If you followed the conversation, I already pointed out to the Chidi Kalu guy that the Ibrus are not richer than Dangote "presently". Dangote, Rabiu, Adenuga are the only people that I can authoritatively say are wealthier than the Ibrus "presently". |
| Re: The Ibru(s) by casualobserver: 3:00pm On Sep 30, 2023 |
KunleMax:
This is not about hype but following the facts. And I get your point too. But the Ibrus were not even at their peak in the 80s (even though they were the wealthiest). Some of their companies today even kicked off in the 90s. Oceanic bank for example was founded in 1990. Multiple sources confirm the Ibru organization was still a multi-billion Dollar conglomerate in the 2000s.
And If you followed the conversation, I already pointed out to the Chidi Kalu guy that the Ibrus are not richer than Dangote "presently". Dangote, Rabiu, Adenuga are the only people that I can authoritatively say are wealthier than the Ibrus "presently".
Oga I have football to watch. This is a topic that was buried months ago. I don’t have time to argue over another man’s wealth. If I can’t make my own let me enjoy my life, I have ball to watch. 1 Like |
| Re: The Ibru(s) by KunleMax(m): 3:10pm On Sep 30, 2023 |
casualobserver:
I think you are getting carried away with the hype. In the 1980s when the Ibru’s were at their peak the whole of Coca Cola world wide was not worth $24b. Our entire federal budget in 1992 for example was less than $10b. Warren Buffet was only worth $3b in 1990. In 1992 the entire GDP of Nigeria was $42b! Having $100m in those days is like having $1b today. My personal opinion: no Nigerian was worth $1b uptill the 1990s except those who stole from government. The economy was just not big enough to make you a billionaire. Feeling or appearing to have stupendous wealth is. It the same as actually being worth $1b. Again I repeat $1b was not beans in the 70s to 90s when the Ibru’s were at their peak! $1b of 1970,1980 or 1990 is not $1b of 2023.
Like many Nigerian businessmen of the time, their assets and businesses were mainly in Naira and we know what happened to the Naira. Devaluation eroded whatever wealth they had.
Todays billion is not the same as $billion of the 80s. I personally doubt they ever reached the billion mark but I am willing to give the benefit of doubt but I am 100% sure they were never multi billionaires.
Land was very cheap even uptill the early 2000s, it wouldn’t have cost more than $1m to buy the whole of ilashe beach at the time…if that.
As for your comment about the American report, I can believe that because $1b today is approximately $100m in the 1980s. If it were based on that only Dangote would be a billionaire and then he would probably be about $1.5 max. Probably Rabiu and Mike would be jumping in and out of the billionaire index. So no matter the vastness of the business interests of the Ibru’s in the 1980s, they were nowhere close to Dangote. They would not have been billionaires in the 80s.
Look at what Dangote empire is today, the countries he operates in, and yet in 1980s valuation, he probably would just managed to scrape the billionaire barrier and you think the Ibru’s were worth $1b in the 1980s…..with what? Businesses that were domestically focused and based on a Naira that lost 90% of its value in 10 years between 1982 and 1992? Even if they were (again I don’t believe they ever were) they lost the majority of their wealth because of the Naira. I think the problem here is that you are only putting into consideration the Ibru conglomerate and wealth of the 60s, 70s and 80s. They moved past that, founded and invested in new companies/ventures (foreign and domestic) in the 90s and early 2000s. Lets assume they weren't worth $1B in the 80s, and say they were worth half of that in the 80s. Wouldn't that translate to $5B in today's dollar term? According to your own logic. That's also why that American study said billionaires of old are far richer than our present rich men. And If you say the Ibrus are worth $500M presently, which means you are saying the Dantata family is worth less than that? Because it's a known fact that the Ibru family is wealthier. |
| Re: The Ibru(s) by KunleMax(m): 3:14pm On Sep 30, 2023 |
casualobserver:
Oga I have football to watch. This is a topic that was buried months ago. I don’t have time to argue over another man’s wealth. If I can’t make my own let me enjoy my life, I have ball to watch. Oga if you no get time to argue or engage for the conversation then you for ignore. No be force!! Enjoy your football. |
| Re: The Ibru(s) by KunleMax(m): 3:32pm On Sep 30, 2023 |
ChidiKalu:
Re: His name is Otunba Emmanuel Ibru. Very silent and unassuming agro-billionaire. Exports Agro products to Holland and Brazil mostly. 😂 Na the man I dey talk about be this. He owns a football club that has produced few super eagles players, export's football talents to foreign clubs across the globe. He also has sportswear production contracts with the likes of Hummels and addidas. He's actually one of the most low-key Ibrus. Na confirm wealthy man. 1 Like |
| Re: The Ibru(s) by KunleMax(m): 3:50pm On Sep 30, 2023 |
ChidiKalu:
Let me go further and say they own/co-own/have significant stake in the following companies:
Total Nigeria Plc. NDEP Plc. Midwestern Oil and Gas Ltd, Ecobank parent company, Ibafon Oil Limited, etc.
They have considerable shipping operations across the globe (oil & Gas particularly), and there's also the fishing bussiness, etc.
Federal palace and Sheraton is always talked about but do you know the Ibrus own one very plush & exclusive resort in Aburi, Ghana? Few days ago, Oskar Ibru was hosted by the Ghanian president at the presidential villa in relation to some project he's got planned in Ghana. No media PR, No fanfare. Just a silent generational wealthy family maintaining their coins.
Their holdings alone in the UK run into tens of millions of dollars (the family is highly rated in London). But someone here is erroneously telling me that the Ibrus are worth $500m at best. SMH You see!! Na wetin I dey try tell CasualObserver. All these companies you listed here were not in the Ibru bussiness portfolio in the 60s,70s & 80s ( for instance, Ecobank and Oceanic only merged in 2010 and Ibrus invested in TotalEnergies in the Early 90s). Ibru port complex for example that houses over 18 major oil & gas companies presently wasn't operational in the 70s and 80s. This is one of the major sources of revenue for the Ibru family today (port operations). But casualobserver dey only focus on 70s & 80s wealth...which if you still even adjust am to inflation is over $6B today. |
| Re: The Ibru(s) by KunleMax(m): 4:57pm On Sep 30, 2023 |
ChidiKalu:
Good point man. Although Cecilia wasn't the owner of Oceanic bank. It was Chief's bank. She was only put in charge in 1997. Did quite a fine job growing the bank until she ran it aground.
The casualobserver guy is here yapping about dangote's wealth when in fact Dangote's bad loans was one of the things that killed oceanic.
Dangote is a govt bussinessman. He wouldn't have survived in the era of true entrepreneurs like Ibru, Akindele, Dantata, Folawiyo, Fajemirokun, Odutola, Ojukwu, etc. This same Dangote was supported/funded by the Ibru family in the late 90s/early 2000s. Alhaji is still grateful and close to the family till today. |
| Re: The Ibru(s) by KunleMax(m): 6:53pm On Sep 30, 2023 |
ChidiKalu:
For the sake of this thread, I surfed the net hoping to find something related to the networth I mentioned but nothing substantial came up, which is understandable, cos it wasn't public. I stumbled upon some supporting stuffs though...
Pic 1 - is someone else supporting my earlier position on Olorogun's true networth from 2020. I guess she was privy to some court records (perhaps she's a lawyer).
Pic 2 & 3 - is an asset management guy with Citi from 2016.
Pic 4 - is just some casual discussion on the Ibrus from 2yrs ago.
Again, nothing substantial, but this gives one a passing idea of what I was saying earlier. I am sure of what I know and I don't need to break confidentiality to prove a point on the internet. But one thing is certain, you are not a finance guy, neither have you worked in IB/AM, so I
would understand Forbes being your only go-to source for wealth estimation. Like I stated earlier, Forbes usually doesn't have access to some private wealth. Some people shut them out.
Nevertheless, the $2.5B networth in public domain puts your $250m-$500m estimation to shame. Lmao. I like wetin the investment banker guy talk. $10B is not something that is off the mark as far say na Olorogun Michael Ibru we dey talk about here. You no fit name any of him contemporary wey rich pass am. All Dem Sir Igbinedion, Otunba Balogun, Baba Folawiyo, etc dey give am props. He also made money before these guys. Comot body for Ibrus abeg... people wey touch bar before independence. 1 Like |
| Re: The Ibru(s) by KunleMax(m): 7:04pm On Sep 30, 2023 |
KunleMax:
"alot of the new kids on the block with access to new money schemes (related or unrelated to govt funds) would casually put the Ibrus to shame when it is a matter of cash"? Nonsense talk!! Mteew
The Ibrus are invested in real estate, Agriculture, media, hospitality, aviation, education, Oil & Gas, shipping, banking, Port operations, etc. Even govt funds sef follow (Subsidy). The only relevant "new sector" I know they are not invested in currently is Telecoms.
How can you be more liquid (cash) than people who run daily port operations, receive shipping, terminal & jetty fees in dollars, plus commercial warehousing fees? They own arguably the biggest warehouse in Nigeria & the largest indigenous shipping fleet. A family that controls almost the entire coastline of tin can? Just dey play oh !!!
So no vex, name the "new money schemes" you dey talk about. Thank you. ChidiKalu:
For the sake of this thread, I surfed the net hoping to find something related to the networth I mentioned but nothing substantial came up, which is understandable, cos it wasn't public. I stumbled upon some supporting stuffs though...
Pic 1 - is someone else supporting my earlier position on Olorogun's true networth from 2020. I guess she was privy to some court records (perhaps she's a lawyer).
Pic 2 & 3 - is an asset management guy with Citi from 2016.
Pic 4 - is just some casual discussion on the Ibrus from 2yrs ago.
Again, nothing substantial, but this gives one a passing idea of what I was saying earlier. I am sure of what I know and I don't need to break confidentiality to prove a point on the internet. But one thing is certain, you are not a finance guy, neither have you worked in IB/AM, so I
would understand Forbes being your only go-to source for wealth estimation. Like I stated earlier, Forbes usually doesn't have access to some private wealth. Some people shut them out.
Nevertheless, the $2.5B networth in public domain puts your $250m-$500m estimation to shame. $500m networth is very very poor. They are certainly worth above that. If it was discovered by authorities that madam Cecilia alone was worth $3.5B (569B) in 2010 (more than Dangote and Otedola's networth combined as at the time). Common sense suppose tell us say the Family worth atleast three times of that amount in 2010. The thing be say folks mostly know about their domestic ventures & some of their interests are private. The family get mad & shady real estate investments across the world, their real estate portfolio alone overseas is possibly worth above $500m. For example, Atlanta folks fit tell you how the Ibrus were buying up the Atlanta property market in the 90s. They have considerable assets domiciled in the state of Georgia. Casualobserver dey only view things from a domestic lense!!. |
| Re: The Ibru(s) by KunleMax(m): 7:10pm On Sep 30, 2023 |
WhizdomXX:
Chidikalu thank you. Hehehe. Why you dey thank am? Lmao |
| Re: The Ibru(s) by KunleMax(m): 7:24pm On Sep 30, 2023 |
[img][/img] KunleMax:
Wait oh!! When you talked about the new kids on the block that would casually put the Ibrus to shame when it's a Matter of cash, na Jowi zaza you dey talk about? Oluwa oh 😂 😂. Jowi zaza and Ibru family in the same sentence, how nah? Omo see wetin Social media doings don cause oh. Dem no even born him papa.
Make I no too reason am...make I give you benefit of the doubt believe say na just Obaro & Jowi you dey strictly compare sha. Omo!! Go watch Nenesi Ibru wedding videos make you see true wealth and class. You think say na about sponsoring and sleeping with Lagos IG baddies or to dey loud on social media we dey discuss here? mteew No be only Jowizaza and captain Okunbor heir. Wetin be the level of the company/investment wey Dem and their papa dey control? Tell us wetin Dem get. Big bosses like Cletus Ibeto na Ibrus tenant for Apapa sef. FYI We are discussing a certain "cadre" of wealth here. No be Jowizaza matter or him papa level. |
| Re: The Ibru(s) by KunleMax(m): 9:48am On Oct 01, 2023 |
ChidiKalu:
I totally agree Twitter Igbo vs Yoruba is a crazy affair. |
| Re: The Ibru(s) by KunleMax(m): 9:52am On Oct 01, 2023 |
ChidiKalu:
Lol. Bro Make we no turn this thread to tribal war abeg. We've seen enough on Twitter. Thank you. That Twitter Yoruba vs Igbo war is always politically motivated. Mad people. |
| Re: The Ibru(s) by KunleMax(m): 10:01am On Oct 01, 2023 |
|
| Re: The Ibru(s) by KunleMax(m): 3:08pm On Oct 01, 2023 |
KunleMax:
[img][/img] Go watch Nenesi Ibru wedding videos make you see true wealth and class. You think say na about sponsoring and sleeping with Lagos IG baddies or to dey loud on social media we dey discuss here? mteew
No be only Jowizaza and captain Okunbor heir. Wetin be the level of the company/investment wey Dem and their papa dey control? Tell us wetin Dem get. Big bosses like Cletus Ibeto na Ibrus tenant for Apapa sef.
FYI We are discussing a certain "cadre" of wealth here. No be Jowizaza matter or him papa level. This na Oil & gas coy co-owned by a third generation Ibru (Chris). This is not part of the Ibru family conglomerate oh, na him personal business. Oya tell us which bussiness Jowi zaza get or dey control wey dey make una dey always over hype am say him get funds. Their main bussiness na Nipco. How much revenue does Nipco make? We dey Apapa...we know people wey dey run Apapa. Social fame & Doings no be wealth!! 
|
| Re: The Ibru(s) by KunleMax(m): 3:24pm On Oct 01, 2023 |
KunleMax:
This na Oil & gas coy co-owned by a third generation Ibru (Chris). This is not part of the Ibru family conglomerate oh, na him personal business.
Oya tell us which bussiness Jowi zaza get or dey control wey dey make una dey always over hype am say him get funds. Their main bussiness na Nipco. How much revenue does Nipco make? We dey Apapa...we know people wey dey run Apapa.
Social fame & Doings no be wealth!! we dey talk about the the Ibrus, the Folawiyos, the Dangotes, the Rabius, the Adenugas and Dantatas of this world, the 1% of the very 1% and you dey bring Jowizaza & Okunbor pikin into the conversation 😂😂 una dey off me for nairaland walai. Una no get respect. No wonder naija flying doctor on Twitter said Nigerians don't understand money beyond $10m. Once the person get Hilux and escorts for Nigeria...he's termed a billionaire. Nonsense!! |
| Re: The Ibru(s) by KunleMax(m): 3:37pm On Oct 01, 2023 |
FSBoperator:
The Ibru family from Ughelli, Delta state own Sheraton Hotel, Ikeja, Guardian Newspapers , Aerocontractors, several high brow business buildings and high rise in Lagos Island and VI. The family owns substantial jetty real estate in Apapa which served as their first fishing business jetties and cold room. The West Minister cold room and fish processing factory that ohus now occupy to sell their imported second hand cheap home appliances is owned by Ibru family.
The Ibru family is the only surviving family business dynasty in Nigeria. The only other family that comes close is the Dantata group which Dangote is descended from.
Okiete Ibo JuJu that is very common among Anambra business folk will not see wealth translate beyond the life of the one who mortgaged his soul to Ekwensu aka Satan does not come close to the real honest wealth of the Ibru family dynasty .
If the Patriarch Ibru was heebo we for no hear word.
Silent honest and humble billionaire family that has kept wealth in the loop because they do honest business. Now I get why FSBoperator sounded this way earlier but ChidiKalu thought he was being tribalistic. Nigerians (especially the Igbos) over hype shit...na social fame & loud doings Dem understand. People truly don't understand WEALTH. 3 Likes |
| Re: The Ibru(s) by KunleMax(m): 10:22pm On Oct 01, 2023 |
Hedonisco:
Abeg make I laugh. Even some top level yahoo boys would dust his azz in that same Dubai.
Generally I don't need to mention some heavy names but trust me, 'ordinary' Jowi, Captain Okunbor's heir, and many more will run Obaro out of own.
Shut Up joor!! You said some contemporary kids on the block would put the Ibrus to shame when it comes to cash. ChidiKalu say make you mention dem you dey call Jowi zaza and Okunbor heir. So Jowi Zaza & Okunbor heir is more liquid than the Ibrus?Wetin be their source of liquidity? Now you don also bring in top yahoo boys. You See wetin social media show off and loud doings don do to una mentality for this country? (But make I give you benefit of the doubt say na just Obaro you dey compare JowiZaza with no be the Family). Na so people dey argue on Instagram and Twitter say Obi cubana rich pass Dangote, obviously because of public doings and showoff. Now Mr. Hedonisco for nairaland dey compare Jowi Zaza and Ibru. Una be Mumu!! Make I ask you one question, how many times you don see Dangote, Rabiu & Adenuga children dey loud lavishingly for social media or public space In the name of doings? Abi Dem sef no get access to new cash too? Make i tell you something, if you want really know how true wealthy kids dey ball, you get dey inside their circle, if you no dey...you no fit ever Sabi. Na private/exclusive club membership levels. No be nonsense Wbar, quilox or cubana doings. Stupid Yeye show show mentality. |
| Re: The Ibru(s) by KunleMax(m): 12:12pm On Oct 02, 2023 |
ChidiKalu:
I came back to this comment cos I screenshoted and shared on my WhatsApp and the comments were absolutely hilarious.
Obaro Ibru have been balling since birth. Baba is now about 50 and still living la vida da loca in UAE - 5 decades and counting...
But you are mentioning Fraud boys that just came into money maybe 2-5yrs ago that also blow their "lick" fast and go broke within a short time? They should try ballin for atleast 3 decades consecutively let's see how "long" and "solid" their money are. How long has Jowi and Osahon Okunbor been on the conspicuous lifestyle scene? Lmao.
The Ibrus are generally quiet people. The most conspicuous/reckless Ibrus were Obaro & Tive Ibru alongside their squad which consisted of other wealthy kids like Paddy & Jide Adenuga. But these people are now past 40yrs, some of them are now even married with kids. That youthful exuberance and energy is no longer there. Even the Adenuga boys left the scene and went low-key. Are you saying they went quiet because the Adenuga family lacks liquidity today? Tive Ibru was even cut off from the family finances due to his irresponsible & reckless lifestyle (he's a druggie).
PS: Captain Hosa Okunbor left behind about 11 kids (most of them are young), Osahon Okunbor will have to do a lot of work taking care of those kids, he's 36 now, let's see if he can maintain the money he inherited for another ten years.
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| Re: The Ibru(s) by KunleMax(m): 12:17pm On Oct 02, 2023 |
ChidiKalu:
I came back to this comment cos I screenshoted and shared on my WhatsApp and the comments were absolutely hilarious.
Obaro Ibru have been balling since birth. Baba is now about 50 and still living la vida da loca in UAE - 5 decades and counting...
But you are mentioning Fraud boys that just came into money maybe 2-5yrs ago that also blow their "lick" fast and go broke within a short time? They should try ballin for atleast 3 decades consecutively let's see how "long" and "solid" their money are. How long has Jowi and Osahon Okunbor been on the conspicuous lifestyle scene? Lmao.
FYI The Ibrus are generally quiet people. The most conspicuous/reckless Ibrus were Obaro & Tive Ibru alongside their squad which consisted of other wealthy kids like Paddy & Jide Adenuga. But these people are now past 40yrs, some of them are now even married with kids. That youthful exuberance and energy is no longer there. Even the Adenuga boys left the scene and went low-key. Are you saying they went quiet because the Adenuga family lacks liquidity today? Tive Ibru was even cut off from the family finances due to his irresponsible & reckless lifestyle (he's a druggie).
PS: Captain Hosa Okunbor left behind about 11 kids (most of them are young), Osahon Okunbor will have to do a lot of work taking care of those kids, he's 36 now, let's see if he can maintain the money he inherited for another ten years.
my own be say I want make him mention the major bussinesses/investments the Jowizaza guy & Okunbor heir dey control (family or personal). Make we see the weight and how relevant e dey for the economy. How much captain Hosa Okunbo sef get before him die? Person wey no even get money reach One Ibru!! Mteew. Una problem be say una dey feel say na person wey dey always dey in the NEWS or get social fame na him rich pass. If you are more visible or louder...then you are richer (Nigerian mathematics). |
| Re: The Ibru(s) by KunleMax(m): 2:25pm On Oct 03, 2023 |
Hedonisco:
Haba. By the Ibrus I mean their kids na. How many first generation Ibrus are still alive? Is it Michael, Felix, or... Emm (what's his name) the one who owned Guardian and Sheraton?
So really. Who are the current "Ibrus"? Is it Oskar? Oboden? Obaro? Bet mind the smaller kiddos. They can't compete with the contemporary kids on the block.. Facts. You just dey shout facts without facts, dey display ignorance. Olorogun Oskar is super wealthy and extremely liquid. Even some of your popular fave rich men dey twale & dobale. No dey zuzu...wetin you no Sabi no talk put. Thinking about it, It is Oskar's networth that should be put at an estimated $500m-$700m, not the FAMILY fortune. To quote "Channel 4", a reputable British media outlet - "Oskar Ibru is a billionaire whose wealth is akin to Aristotle Onassis". Oboden dey oversee the Ibru family interest in Midwestern Oil & gas, he is currently CEO of the company. He's also a power & finance sector player. E say na contemporary kids on the block!! No be only!! Name their companies and investments. |
| Re: The Ibru(s) by KunleMax(m): 2:45pm On Oct 03, 2023 |
Hedonisco:
Even Tunde Folawiyo alone is wealthier than the Adelekes. But he is dead silent.
That said, it is ridiculous to say that the Ibrus are wealthier than Dangote. Not anywhere close to close. Forget old name. In fact, a lot of the new kids on the block with access to new money schemes (related or unrelated to government funds) would casually put the Ibrus to shame when it is a matter of cash. Even their previously conspicuously extravagant children (Obaro and Co) have been forced into hiding because they simply lack contemporary liquidity and can no longer compete! "alot of the new kids on the block with access to new money schemes (related or unrelated to govt funds) would casually put the Ibrus to shame when it is a matter of cash"? Nonsense talk!! Mteew The Ibrus are invested in real estate, Agriculture, media, hospitality, aviation, education, Oil & Gas, shipping, banking, Port operations, etc. Even govt funds sef follow (Subsidy). The only relevant "new sector" I know they are not invested in currently is Telecoms. How can you be more liquid (cash) than people who run daily port operations, receive shipping, terminal & jetty fees in dollars, plus commercial warehousing fees? They own arguably the biggest warehouse in Nigeria & the largest indigenous shipping fleet. A family that controls almost the entire coastline of tin can? Just dey play oh !!! So no vex, name the "new money schemes" you dey talk about. Thank you. 1 Like |
| Re: The Ibru(s) by ChidiKalu: 9:19am On Oct 09, 2023 |
KunleMax:
You just dey shout facts without facts, dey display ignorance. Olorogun Oskar is super wealthy and extremely liquid. Even some of your popular fave rich men dey twale & dobale. No dey zuzu...wetin you no Sabi no talk put. Thinking about it, It is Oskar's networth that should be put at an estimated $500m-$700m, not the FAMILY fortune. To quote "Channel 4", a reputable British media outlet - "Oskar Ibru is a billionaire whose wealth is akin to Aristotle Onassis".
Oboden dey oversee the Ibru family interest in Midwestern Oil & gas, he is currently CEO of the company. He's also a power & finance sector player.
E say na contemporary kids on the block!! No be only!! Name their companies and investments.
I stopped taking the conversation serious when he made that ignorant comment. He has no fucking idea how wealthy Oskar is, plus the fact that he's been wealthy since forever. But off course, it is PR that sells in Nigeria. |
| Re: The Ibru(s) by ChidiKalu: 9:27am On Oct 09, 2023 |
KunleMax:
If na Emmanuel Ibru you dey talk about (Osaze Odewingie's boss), then you dey correct. The man is "perhaps" the most prominent indigenous player in the Oil palm industry. Owns over 15k hectares of plantation in Nigeria. Na proper billionaire.
Cadidlady na you start this thread oh. Where you even dey sef? He's the one I am talking about and I know he's really wealthy. I agree with you on him being the most prominent indigenous player in the palm oil sector btw. He heads the sector and has done so for years. PS: The casualobserver guy who claimed to be knowledgeable about the palm oil sector had never heard of him or the most powerful palm oil cabal in the country (which he heads). But he thinks he knows the Ibrus and their business operations. Laughing my ass off!!! |
| Re: The Ibru(s) by ChidiKalu: 9:49am On Oct 09, 2023 |
KunleMax:
"alot of the new kids on the block with access to new money schemes (related or unrelated to govt funds) would casually put the Ibrus to shame when it is a matter of cash"? Nonsense talk!! Mteew
The Ibrus are invested in real estate, Agriculture, media, hospitality, aviation, education, Oil & Gas, shipping, banking, Port operations, etc. Even govt funds sef follow (Subsidy). The only relevant "new sector" I know they are not invested in currently is Telecoms.
How can you be more liquid (cash) than people who run daily port operations, receive shipping, terminal & jetty fees in dollars, plus commercial warehousing fees? They own arguably the biggest warehouse in Nigeria & the largest indigenous shipping fleet. A family that controls almost the entire coastline of tin can? Just dey play oh !!!
So no vex, name the "new money schemes" you dey talk about. Thank you. The Ibru port complex alone would put to shame whatever investment that he would name. This family has significant stake in atleast four oil & gas companies, and also has an wholly owned company (Ibafon Oil limited). What fucking new money schemes is he talking about? 
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