Ex-SIC MD Challenges Dismissal In Court; Rejects Agyenim-Boateng As Successor

The former Managing Director of SIC Insurance Company Limited, Hollistar Duah-Yentumi, has initiated legal action against the company and its newly appointed Acting MD, Mr James Agyenim-Boateng.

The lawsuit follows her refusal to step aside after President John Dramani Mahama appointed Mr Agyenim-Boateng as her replacement on 27th January.

In her suit, filed on 4th February, Madam Duah-Yentumi contends that her appointment was contractually secured for a four-year term, set to expire on 1st January 2028.

She argues that any changes to her tenure must be sanctioned by the company’s Board of Directors or through a resolution by all shareholders at an Annual General Meeting.

According to her, the terms of her employment are strictly governed by her contractual agreement with SIC Insurance.

Madam Duah-Yentumi further insists that the termination of her employment is unlawful, as it contravenes the provisions of her contract.

She asserts that, under Clause 7 of the agreement, only the Board of Directors or the collective shareholders have the authority to end her tenure.

Consequently, she maintains that the appointment of Mr Agyenim-Boateng is both procedurally flawed and illegal.

As part of her legal reliefs, she is seeking a declaration from the High Court that the termination of her employment is null and void.

Additionally, she is requesting that the court overturn the appointment of Mr Agyenim-Boateng and reinstate her as the legitimate MD of SIC Insurance Company Limited.

Beyond reinstatement, Ms Duah-Yentumi’s legal team is demanding that the defendants be compelled to compensate her for the entire salary and benefits due for the remaining period of her contract.

Click to read full writ: SIC boss suit

Source: Myjoyonline