Cletus Ibeto is a Nigerian entrepreneur, manufacturer and philanthropist. He is the founder and Chairman of Ibeto Group, the largest conglomerate in the Eastern part of Nigeria. His humanitarian gestures have lifted thousands of people from poverty and his success story is truly that of from grass to grace.
Ibeto Cletus through Ibeto Cement Company Limited recently closed financing with a New York Private Equity Firm, Milost Global Inc. The deal is a $850 million financing of which $500 million is in equity and $350 million debt.
Background of Cletus Ibeto
Cletus Ibeto was born on the 6th of November, 1952 in Nnewi city of Anambra State, a city best known for their entrepreneurial endeavours.
Dare To Dream
Young Cletus Ibeto always dreamt of going to secondary school and looked forward to it. He even got admission into Crusader Secondary School, Isingwu Amachala, Umuahia at the age of 13. On the day he was supposed to resume school with his elder brothers; Cyril Ibeto and Louis Ibeto (who were already in secondary school), his dream of going to secondary school was shattered by his father’s decision.