Hollister Duah-Yentumi, former Managing director of State Insurance Company(SIC) has withdrawn the lawsuit she filed against the company and the newly appointed acting managing director, James Agyenim-Boateng, opting for an out of court settlement.
James Agyenim-Boateng replaced Hollister Duah through a presidential appointment on January 27th, 2025 as acting Managing Director of SIC Insurance. However, Hollister argues that termination of her contract was unlawful as it only ends on January 1, 2028. The lawsuit also explains that her contract could only be terminated by the Board of Directors or all shareholders through an annual meeting.
In her lawsuit, she demanded a declaration of unlawful dismissal, a salary payment for the unexpired duration of her contract and other perks the office comes with.
Duah-Yentumi has withdrawn the lawsuit, but her reasons for the action remains unknown.
Written by: Cindy Adasah Boamah
