Cletus Madubugwu Ibeto Net Worth And Biography

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Cletus Madubugwu Ibeto is a Nigerian businessman from the industrial city of Nnewi. He is head of The Ibeto Group, the largest business enterprise from Nnewi, a city unique for its entrepreneurial spirit.

How much is ibeto worth?

Cletus Ibeto is currently worth an estimated $3.7 billion.

Who is the owner of Ibeto cement?

Dr. Cletus Ibeto OON

Cletus Ibeto

Dr. Cletus Ibeto OON, CON
BornNovember 6, 1952 Nnewi, Anambra State, Nigeria
NationalityNigerian
OccupationBusinessman
Known forAutomotive spare parts, Cement manufacturing

Who is the CEO of ibeto group?

Cletus Madubugwu Ibeto

Cletus Madubugwu Ibeto is the Chairman/CEO of The Ibeto Group. He is a renowned and acknowledged industrialist, who has advanced the cause of international goodwill and understanding through his extensive international business undertakings and network.

How old is ibeto?

69 years (6 November 1952)

Cletus Ibeto / Age

Who is the owner of ibeto hotel in Abuja?

Cletus Ibeto

Cletus Ibeto, his company directors and hospitality experts were able to break the ground in 2012 on a year long historical development of its facility.

What happened to Ibeto Cement Company?

Ibeto Cement Company Limited has announced a historic reverse merger through its acquisition of Century Petroleum Corporation, a United States (U.S.) publicly-traded petroleum exploration and production company.

Why did ibeto cement stop?

Last year, the Presidency, under Chief Olusegun Obasanjo, ordered the closure of Ibeto Cement in Port Harcourt. The accusation was that Ibeto was not manufacturing but instead was re-bagging cement. The closure order came at a time when some ship-loads of bulk cement were on their way to Nigeria for Ibeto Cement.

Where is Cletus M ibeto?

Nnewi

Cletus Ibeto / Place of birth

Nnewi is a commercial and industrial city in Anambra State, southeastern Nigeria. It is the second largest and second most populated city in Anambra State located in the southern part of the state. Nnewi as a metropolis has one local government area, which is Nnewi North.

Who is the owner of ibeto hotel in Abuja?

Cletus Ibeto

Cletus Ibeto, his company directors and hospitality experts were able to break the ground in 2012 on a year long historical development of its facility.

Cletus Ibeto Biography

Born Cletus Madubugwu Ibeto better known as Cletus Ibeto is a Nigerian billionaire business mogul from the commercial city of Nnewi, Anambra State, Nigeria, Where he was given birth to on 6th, November, 1952. The billionaire business magnate is currently 68 years old as of the time of this post. He is head of The Ibeto Group, the largest business enterprise from Nnewi.

Cletus Ibeto Business Career

Cletus Ibeto started out as a spare parts import dealer, In March 1988 he stopped direct importation of lead-acid automotive battery and plastic motor accessories, and establish his own factory in Nnewi, Nigeria. By 1995 The Ibeto Group had grown to become one of the largest auto spare parts manufacturing outfits in Nigeria, Then the market was not highly competitive and He took advantage of that to grow wider.

On October 2, 1996, he established Ibeto Petrochemical Industries Ltd. which primarily engaged in the blending of oil lubricants as well as the production of various types of petroleum products for local and international markets. He is also the owner of a popular indigenous cement known as Ibeto Cemet. Aside Dangote and BUA, Ibeto is one of the most widely used cement for construction work in Nigeria.

Who Cletus Ibeto Married To?

Cletus Ibeto was formally married to a woman who had three children for, However they both got separated, He is currently married to Augustina Ifeyinwa Okpala who he got married to in December 2012.

What happened to Ibeto Cement Company?

Ibeto Cement Company Limited has announced a historic reverse merger through its acquisition of Century Petroleum Corporation, a United States (U.S.) publicly-traded petroleum exploration and production company.

Why did ibeto cement stop?

Last year, the Presidency, under Chief Olusegun Obasanjo, ordered the closure of Ibeto Cement in Port Harcourt. The accusation was that Ibeto was not manufacturing but instead was re-bagging cement. The closure order came at a time when some ship-loads of bulk cement were on their way to Nigeria for Ibeto Cement.

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About Shedrach Uzogazie 160 Articles
Shedrach Uzogazie ( AKA Shedi ) is the founder and CEO of Shedi.com.ng, he is a web designer and a blogger from Anambra state. This website is designed to bring to you Entertainment and Music

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