The outgoing Managing Director of SIC Insurance Company Limited, Hollistar Duah-Yentumi, has reportedly refused to hand over to his successor, James Agyenim-Boateng.
Reports suggest that Mr. Agyenim-Boateng is unable to access the office because it has been locked, with the keys in Hollistar’s possession.
President John Mahama appointed Mr. Agyenim-Boateng on January 24, 2025, marking a significant shift in the leadership of one of Ghana’s premier insurance firms.
In an interview on Accra-based Citi FM, Mr. Agyenim-Boateng revealed that he visited the headquarters to officially introduce himself to the management.
“On January 24, 2025, I was named by His Excellency the President. Afterward, I was in touch with the office and proceeded there. It must have been on a Thursday when I met with the management team.
“When I went there, I had a very good introductory meeting, but it was obvious I could not access the office, which I needed to work from. Therefore, for the most part, I have worked offsite, dealing with critical issues of SIC from another location,” he stated.
However, his predecessor did not attend the meeting, which was expected to facilitate a smooth transition.
“It has become apparent that the real difficulty regarding why I have not been able to access the office is because the person before me, the predecessor, has actually locked up the office and bolted with the keys. It is strange.
“As I speak to you, I haven’t seen any handing-over notes from this outgoing MD. I have seen the handing-over notes of the previous MD,” he added.
Meanwhile, reports suggest that Miss Duah-Yentumi is in court challenging her removal and seeking a restraining order against Mr. Agyenim-Boateng as Acting MD.
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