November 20, (THEWILL) – Insurance guru, Ephraim Fagha Faloughi has joined the octogenarian club. A co-founder of Sovereign Trust Insurance Plc, Ephraim turned 80 on Friday November 17. Having slowed down activities on his social calendar these past few years, coupled with age, he chose to celebrate the auspicious day with a thanksgiving service in his home surrounded by family, friends and loved ones. The service was officiated by authorities of the Cherubim and Seraphim Denomination (Aladura) where he is a staunch and committed member. He stood from the crowd of well-wishers in his worship white regalia. He would later change his outfit twice after the thanksgiving service ended, first in a purple regalia and later in an all-white ensemble. An Ijaw traditional dance group were on hand to serenade the celebrant and his guests. One of those who made it to the thanksgiving service were Peter Obi, Labour Party presidential candidate. Born of a Lebanese father and a Nigerian mother who was a petty trader, despite the circumstances surrounding his birth, by sheer dint of hard work and an unquenchable knack to succeed, Ephraim turned out good. Despite making a name for himself in the insurance industry, his business tentacles spread across manufacturing, real estate, medical care, hospitality, finance, etc. He founded NTCN, the first indigenous manufacturers of carpets in Nigeria.
But two areas he made sure not to delve into are the oil and gas industry and politics. He has since retired from the day-to-day business of running his insurance company even though he likes to say that he is in semi-retirement.
Ivory Ukonu is a versatile journalist with many years of experience, with entertainment and society reporting as her area of core competence.
