Richest Families In Nigeria: Who Owns Ibafon Oil Nigeria?

Ibafon Oil Limited is a massive oil storage farm and a part of one of Nigeria’s largest conglomerates known as the Ibru Organization of the multi-billionaire Niger delta Ibru family headed by respected late Olorogun Micheal Ibru and Cecilia Ibru of now-defunct Oceanic Bank. The company was incorporated in Nigeria on 10th of March 1998 and commenced business in 1999 with its area of core competence being construction & leasing of oil and gas tanks.

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Late Olorogun Micheal Ibru

Ibafon Oil Limited presently runs 31 million litre capacity Tank Farm at Ibru Jetty Complex located at Apapa, Lagos, Nigeria for the storage and marketing of select petroleum products. It also operates service stations in Ibadan, Oyo State and in Kaduna. The company is currently run by Mamemo Ibru who sits as the managing director and is one of the 16 children of late Micheal Ibru.

Managind Director Ibafon Oil
Mamemo Ibru


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