Ibru gets entrepreneurship recognised

Industrialist and leading player in the hospitality industry, Mr. Goodie M.  Ibru, has been conferred with an award of Doctorate of Entrepreneurship (Honoris Causa) by Joseph Ayo Babalola University, Ikeji-Arakeji in Osun State.

Ibru was the sole honorary awardee, at the institution’s fifth convocation ceremony which held recently.

According to the Chancellor of the University, Pastor Wemimo Odunaiya, the award was based on Ibru’s achievement as a foremost achiever in Nigeria’s hotel industry.  He described Ibru as an entrepreneur “worthy of emulation, who has earned a good name for himself and the larger Ibru family.”

Speaking at the conferment ceremony, Ibru identified wealth creation as the only alternative to bail Nigeria out of its economic doldrums.

“Wealth creation is not necessarily synonymous with having huge investible funds.  It starts with the commitment to grow a small business idea from infancy to viability, which requires nothing but discipline, hard work, networking and courage to take viable business risk,” he submitted.

Ibru advised the fresh graduates of the university to be enterprising, shun corruption and embrace hard work in their endeavours.

Italian Court Upholds Seizure against Saipem in Nigeria Case
An Italian Appeals Court said yesterday that it had upheld a £24.5 million ($27.8 million) seizure and a £600,000 fine against oil services company, Saipem, in a case related to alleged corruption in Nigeria.

The sentence was read out during a public hearing.
Saipem, which is 43 per cent controlled by Eni, had no immediate comment.
The company was found guilty of international corruption over Nigerian contracts in July 2013 and received the £24.5 million seizure penalty.

At the time, Saipem’s lawyers said they were stunned by the verdict and the company said it would appeal.