Embattled SIC Boss was Interim MD, not substantive

It has emerged that the ousted Managing Director of the state-owned SIC Insurance Company, Hollistar Duah-Yentumi who currently in court fighting against her sack, was an Interim MD and not the substantive MD.

In a letter dated April 16, 2024, signed by the then Executive Secretary to the then President Nana Addo Dankwa Akufo-Addo, the Presidency said Hollistar Duah Yentumi’s appointment was to be interim MD of SIC and not the substantive one as was being circulated then.

Hollistar Duah-Yentumi filed a writ at the Supreme Court on February 4, 2025 seeking to prevent Jame Agyenim-Boateng, who was appointed as the new MD weeks ago by President John Mahama, from taking over from her.

In her lawsuit, the plaintiff is seeking an order from the court to prevent James Agyenim Boateng (2nd defendant) from holding himself as MD of SIC (1st defendant) and also seeking to prevent SIC from referring to James Agyenim Boateng as the MD.

Weeks after President Mahama announced the appointment of James Agyenim Boateng as the new MD for SIC, he has not been able to operate in new office because he has no access to the office.

The ousted MD was reported to have locked her office doors and left with the keys.

But unconfirmed reports had it that she claimed she tried to reach the new MD and do a proper handing over but to no avail.

Those reports also claimed that access to her office is via a biometric details and not a physical key, so her credentials could be deactivated and a new one can be created for the new MD to access the office.

However, James Agyenim Boateng has been telling Techfocus24 that he has been SIC to hold a meeting with the management and he gave reasonable notice before going so it is untrue that the MD cannot have access to him.

“I have been to SIC to hold a meeting with management; I gave them reasonable notice before that meeting convened. I have subsequently been in constant touch with the office and operated off site because I have no access to the office,” he said.

Moreover, the ousted MD has subsequently filed a lawsuit against his taking over from her, so it could not be the case that she is unable to locate him and do a proper handing over.

But the new information indicates she is not even the substantive MD.

Source: techfocus24.com