It has been revealed that the former Managing Director of SIC Insurance Company Limited, Ms Hollistar Duah-Yentumi, is demanding a full salary and benefits for her unexpired term of the contract.
Hollistar Duah-Yentumi has run to court after refusing to hand over after she was booted out of office by President John Mahama and replaced with newly appointed MD, Mr. James Agyenim-Boateng.
According to the lawsuit Hollistar Duah-Yentumi is challenging her contract termination as unlawful.
She asserted in her suit that her termination did not follow due process, as it should have been decided by the company’s Board of Directors or the shareholders.
The former SIC MD is demanding full payment of her salary and benefits for the unexpired term of her contract.
The benefits include:
- A monthly salary of GHS 70,000
- Payment of Social Security and National Insurance Trust (SSNIT) and provident fund contributions
- Official accommodation or an equivalent allowance of GHS 15,000 per month
- A 10% annual basic salary increase
- Membership fees for professional and social clubs
- Health insurance coverage for her and her family
- Provision of an official vehicle and fuel allowance of 450 litres per month
- Severance benefits, including six months’ salary for every year of service if terminated before contract expiration
