Fortuna Sitard announced Oliseh was suspended allegedly over his poor relationship with both players and officials.
But Oliseh said he would rather walk away along with his assistants than be jailed for going against the law.
“It is better to part ways like this. I won’t want to be in jail,” he said in an interview on Brila FM radio. “My lawyers are handling the case now.”
The former Nigeria coach, who only recently led the club to a record seven straight wins, would not wish to disclose the crux of the matter, but rather hinted on owed salaries and wrangling within the club.
“We have to be compensated for what we are owed, it’s not only in Nigeria that they owe money,” he said
“The Turkish owners also got the players to say they are unhappy with me.”
The former Juventus and Ajax Amsterdam midfield star also maintained that even in the event that his suspension is overturned, he would rather move on.
“It has been 14 great months coaching this club, we set records like winning seven straight games, we are looking at the top league, but should my suspension be rescinded, I won’t go back to the club,” he said.
“We have made a name for ourselves, I believe there will be job opportunities and I pray it is something better than the last one.”