Chuks Udo Okonta, Lagos: The Chartered Insurance Institute of Nigeria (CIIN) has announced plans to host the investiture of its 49th President, Eddie Efekoha.
The Chairman of the Investiture committee, Sunny Adeda, who disclosed this today at a press parley in Lagos, stated that the event will hold on Tuesday, July 24, 2018 at the Intercontinental Hotel, Victoria island Lagos.
Adeda stated that the event will be chaired by Professor Bruce Onobrakpeya MFR and will be attended by over 500 colleagues, friends and well-wishers of Eddie from all walks of life.
He noted that Efekoha, has the right values and industry pedigree required to ensure the institute continues to play a relevant role in the insurance sector, describing him as a visionary leader whose years of experience in Insurance will be brought to bear on the institute and to the insurance sector as a whole.
He noted that Efekoha has served the Institute in various capacities since becoming a member in 1988, stressing that He was at various times the, Deputy President of the Institute; Governing Council Member since 2005; Treasurer of the Institute; Chairman Education Committee; Deputy Chairman, Membership Committee; Member, Merit Award Committee and Chairman, Board of College of Insurance and Financial Management.
Adeda maintained that as part of the Investiture Ceremony, a golf tournament has been put together by the Golfer friends of Efekoha, adding that the special golf event will hold on July, 28th 2018 at the Ikeja Golf Club.
“The choice of Ikeja is preferred because the current Captain is a past President of our Institute. About 150 golfers from various clubs will be teeing-off in the morning to celebrate the new President of our Institute.
“There will be a closing dinner on the same day after the golf tournament. This event is aimed at bridging the gap between Insurance Practitioners and the Consumers of Insurance,” he said.
He noted that the Institute prides itself as having a robust succession plan which has continued to ensure a seamless and rancor-free transition from one President to another, stressing that potential candidate to the office of the President is expected to have moved through the leadership ladder without blemish.
“The journey to the Institutes presidency engenders commitment, hard work and consistentmembership of the Governing Council. Continuous membership is essential, but not adequate to make anybody the President of the Institute. We ensure that such persons must be fit and proper and possess outstanding qualities as well as an uninhibited zest to serve selflessly,” he added.
Deputy Director General of the Institute Mrs Uju Ndubuisi Chukwu, who represented the Director General, pointed out that the President’s passion for the industry had seen him rise through the ranks to become Managing Director of Consolidated Hallmark Insurance.
A representative for the journalists present and Vice Chairman, National Association of Insurance and Pension Correspondents (NAIPCO) Chuks Udo Okonta, reinforced the position of the earlier speakers by saying that Efekoha had endeared himself to the media through purposeful leadership and quality service delivery in all the positions of leadership he has occupied.
He charged the incoming president not to rest on his oars, but to continue the good work going on at the institute in order to ensure he leaves an indelible mark on the industry.
Okonta pledged on behalf of colleagues to support the President by projecting his administration’s activities in-depth reportage.
Profile of Eddie Efekoha
Eddie Agberia Efekoha was born on the 16th of August 1959 to the family of Chief Temisa Efekoha (late) and Madam Omotesiri Erhuvwoarho of Egbo-Uhurie in the Ughelli South Local Government Area of Delta State. He attended Anglican Primary School Egbo-Uhurie and Agbassa Primary School Warri from where he obtained his First School Leaving Certificate in 1971. He proceeded to Nana College, Warri, a Teacher Training College, between 1974 and 1979 from where he obtained the Teacher Grade II Certificate.
As a trained teacher, Eddie taught briefly before joining Warri Refinery & Petro- Chemical Company in 1979 as a Plant Operator. It was during his stay with the Refinery that he studied as a part-time student and passed the GCE Advanced Level in Geography and Economics.
Eddie was a pioneer student of Economics at the then Bendel State University, now Edo State University, Ekpoma but spent just one academic session before accepting his admission to study Insurance at the University of Lagos in 1982. He graduated in 1985 with a Bachelor of Science degree, Second Class Upper Division, and in 1995 obtained a Master Degree in Business Administration from the same university.
Mr Efekoha became an Associate of the Chartered Insurance Institute of London by examination in 1987 and Fellow of the same Institute in 1991, specialising in property insurance. He was consequently elected a Fellow of the Chartered Insurance Institute of Nigeria in 1995. Earlier this year, 2018, Mr Efekoha was admitted as a Fellow of the Institute of Directors, Nigeria.
His work experience in the insurance industry started with Everyman Insurance Brokers Ltd, Ilorin in 1985 where he did his national youth service and was later retained as a permanent staff. He worked briefly with Hogg Robinson Nigeria (1986-1988) from where he left for Glanvill Enthoven & Co (Nigeria) as an Assistant Manager. Due to the versatility, hard work and extra-ordinary capacity which Mr Efekoha brought to bear on each assignment given to him he enjoyed rapid promotions and in 1997 the Board appointed him Executive Director in charge of its technical operations.
Mr. Efekoha left Glanvill Enthoven & Co in 1997 to spearhead the turnaround of Fountain Insurance Brokers Ltd as its MD & CEO. The company enjoyed tremendous goodwill and reputation for professional broking services and it attained a top ten position in less than five years. The entrepreneurial drive of Mr. Efekoha led him again to champion another turnaround in 2003, this time in the underwriting sector of the insurance industry when he and others acquired the then Metropolitan Trust Insurance Company Ltd. The company was immediately renamed Consolidated Risk Insurers Plc. (CRI) and Mr. Efekoha became its Executive Vice Chairman and CEO.
The regulatory induced recapitalisation of insurance companies in 2007 led CRI to merge with Hallmark Assurance Plc and Nigerian General Insurance Company Ltd to form Consolidated Hallmark Insurance Plc where he emerged as Managing Director.
Consolidated Hallmark under his direction has significantly grown its revenue base over the years and has since diversified into other aspects of financial services through the establishment of subsidiaries including Grand Treasurers Limited (GTL), a Finance Company fully licenced by the Central Bank of Nigeria and Hallmark HMO, a Health Maintenance Organisation
Mr Efekoha is an alumnus of both Lagos (CEP 14) and Harvard Business Schools and was until recently the Deputy President of the Chartered Insurance Institute of Nigeria (CIIN) and Chairman of the Board of the College of Insurance & Financial Management, a subsidiary of the CIIN. For several years in the Lagos insurance market, Eddie assisted in preparing students for both the CII London and CIIN professional examinations in property, pecuniary and business interruption insurances. Mr Efekoha joined the Governing Council of the Chartered Insurance Institute of Nigeria in 2005 and since then to-date he has served in various capacities including but not limited to being the Chairman of the Education Committee, Hon. Treasurer (June 2014 – June 2017) and member of several other ad-hoc and standing committees.
Mr. Efekoha is the Immediate Past Chairman of the Nigerian Insurers Association (NIA) and Member of the African Insurance Organization Book Review Committee. He chairs the Boards of Sephine Edefe Nigeria Ltd., CHI Capital Ltd, Grand Treasurers Ltd and Planet Capital Asset Management Ltd.
He is an avid golfer and member of the Ikeja Golf Club, Ikoyi Club 1938 (Golf Section) and IBB International Golf & Country Club, Abuja.
Mr. Efekoha is a devout Christian and an active member of the Catholic Church of the Resurrection, Magodo, Lagos. He is happily married to his best friend and soul mate, Oghenenyoreh and their marriage is blessed with three children, Ejiroghene, Oghenetejiri and Avwerosuoghene.