SIC Insurance M.D. asked to step aside

Doris Awo Nkani SIC Managing DirectorMRS. Doris Awo Nkani, the Managing Director (MD) of SIC Insurance Company Limited, has been directed by the com-pany’s board to proceed on leave, for her alleged credit guarantees  to  property and construction firm, ITAL, without the full  approval of the board.

ITAL Property is said to have taken funds from Ivory Finance, a member of the CDH Group, for the construction of some property.

Sources at the company say the Board’s directive to the MD to proceed on leave, resulted from her unsatisfactory handling of a recent embezzlement of some 1.1 million dollars and GH¢700,000 belonging to the company.

The sources said Ms Nkani was expected to start her accumulated leave on Friday after handing over to her Deputy, Mr. Kwei Mensah Ashidam.

Meanwhile, the board and management of SIC has met the leadership of the staff and formally communicated the decision to them and also briefed them on measures being instituted to protect and improve the company.

By Times Reporter

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