Business mogul and chairman of the Ibru Organisation, Olorogun Oskar Ibru, has died at the age of 67.

His family, in a statement reported by Arise News on Wednesday, said he passed away after a brief illness. Details surrounding his death were not disclosed.

A prominent figure in Nigeria’s corporate world, Ibru was one of the most notable heirs of the Ibru dynasty. He played a key role in sustaining and expanding the conglomerate founded by his late father, Olorogun Michael Ibru, whose vast business empire spanned shipping, oil and gas, real estate, and commerce.

His passing comes less than a decade after the death of the family patriarch in 2016. Funeral arrangements are expected to be announced soon.

Reacting to the news, media entrepreneur and Ovation International publisher, Dele Momodu, described Ibru as “an extremely friendly gentleman and a socialite per excellence.”

In a tribute shared on Instagram, Momodu wrote:

“News has just reached me in the skies that one of Nigeria’s most recognisable businessmen, OLOROGUN OSKAR IBRU, has passed on… He was an extremely friendly gentleman, and a socialite per excellence, who was loved so passionately by family and friends… He was the son of the business Titan, OLOROGUN MICHAEL IBRU… Rest in peace, dear Brother…”