• sicinfo@sic-gh.com
  • (+233) 30 278 0600/9
  • Location: GL-046-1458

logo
Menu
  • About Us
    • History of SIC
    • Corporate Identity
    • Our Re-Insurers
    • Board of Directors
    • Executive Management
    • Functional Heads
    • Equity Investments
  • Policies
      • Motor Insurance
      • Fire & Allied Perils
      • Travel Insurance
      • General Accident
      • Workmen's Compensation
      • Engineering & Construction
      • Marine Insurance
      • Aviation Insurance
      • General Bonds
      • Campus Secure
  • Claims
    • Motor Claim Procedure
    • Non-Motor Claim Procedure
  • Branches
    • Branch Offices
    • Insurance Agents
  • Blogs
    • News Blog
    • Insurance Highlights - Videos
    • Insurance Industry News
    • Customer Reviews & More
    • Staff Features & More
    • Campaigns & Activities
    • Campaigns - Videos
    • SIC in the News - Videos
  • Financials
    • Annual Reports
    • Interim Financial Statements
  • Downloads
    • Proposal Forms
    • Brochures & Flyers
  • Contact
logo
  • Home
  • Corporate Identity
  • Digital Channel
  • Video Blog
Contact Info
#
  • SIC Head Office Building (Nyemitei House)
  • (+233) 30 278 0600/9
  • sicinfo@sic-gh.com
  • Opening Hours: 8.00 AM – 5.00 PM

Supreme Court upholds SIC Insurance’s case against Ivory Finance Company.

  • Home
  • Blogs /
  • Insurance Industry News
The Supreme Court in a unanimous decision upheld SIC’s appeal against Ivory Finance Company Ltd regarding a credit guarantee case which has been in court over the last five years. The Highest Court of the land made orders remitting the substantive matter of fraud to be heard on its merits by the High Court.

In November 2013 IVORY sued SIC to recover guarantee bond amount of GH¢19.3 million SIC issued in favour of Ital Construct, a construction firm.  In a bizarre twist, Ivory Finance obtained a consent judgment which SIC believed was procured fraudulently and for which SIC dismissed its then Managing Director, Doris Awo Nkani.

 

The Insurance giant, has been seeking for the consent judgment to be set aside and its alleged case of fraud in the acquisition of a consent judgment to be heard on its merits.
Commenting after the Supreme Court orders, the Management of SIC Insurance Company noted that they had always believed in their case and remained faithful in the rule of law and in the judiciary system of Ghana. The Management of SIC took the opportunity to thank its numerous stakeholders for keeping faith through the trying times and to assure the public that SIC is focused on delivering on its promise to serve the insuring public and to provide the needed leadership in the industry.

Blogs
News Blog
Insurance Highlights - Videos
Insurance Industry News
Customer Reviews & More
Staff Features & More
Campaigns & Activities
Campaigns - Videos
SIC in the News - Videos
Footer Logo
  • SIC Head Office Building (Nyemitei House)
  • (+233) 30 278 0600/9
  • sicinfo@sic-gh.com
  • Opening Hours: 8.00 AM – 5.00 PM

RECENT POSTS
New Acting MD of SIC Insurance PLC Receives Handing over Notes
New Acting MD of SIC Insurance PLC Receives Handing over Notes February 12 2025
Sic Insurance Plc holds successful AGM, declares dividend
Sic Insurance Plc holds successful AGM, declares dividend December 17 2024
Newsletter

Sign-up to receive regular news and products updates from SIC Insurance PLC. You can opt out anytime you so wish

  • HOME
  • About Us
  • Policies
  • Claims
  • Branches
  • Blogs
  • Financials

© 09 May, 2025 - SIC Insurance PLC / powered by: DOTHOUSE