‘You Never Learned Lessons From NAM 1’ – Atik Fires ‘Billionaire’ Richard Nii Armah Quaye
Atik Mohammed has backed the Financial Intelligence Centre (FIC) freezing the personal and company accounts of entrepreneur, Richard Nii Armah Quaye.
The accounts of Richard Nii Armah Quaye, founder of Bills Micro-Credit and Quick Credit and Investment Micro-Credit, were frozen right after he threw a lavish party at the Black Star Square to mark his 40th birthday.
He claimed to be a billionaire and had purchased a private jet.
The freezing of Richard Nii Quaye’s accounts by the FIC is said to be in accordance with Section 56(1) of the Anti-Money Laundering Act, 2020 (Act 1044).
Reacting to this latest development, the socio-economic analyst, Atik Mohammed, on Peace FM’s “Kokrokoo” morning show, stated the FIC has done nothing wrong but executing their duties as expected of them.
To him, it is appropriate that the source of Richard Nii Quaye’s wealth and business transactions with regard to his access to forex as he quoted his gains in US Dollars are investigated in the interest of his customers.
“Those running savings and loans institutions have bought a private jet but you who owns a micro-finance firm. Certainly, the Central Bank will be interested and we have had a history where people mismanaged deposits of” customers, he said, noting the Bills Micro-Credit founder has shot himself in the foot.
“His own explanation of his ownership of companies, now he is a suspect. On the one hand, he says he owns companies; on the other hand, he has shares and on the other hand, I’m just representing someone. If you put yourself in trouble, you will suffer”, he expounded.
In his concluding remarks, he wondered why Richard Nii Armah Quaye learned no lessons from Nana Appiah, formerly the Chief Executive of Menzgold, and popularly called NAM 1’s situation.
“NAM 1 started like this and he (Richard Nii Quaye) has not learned from NAM 1.”
Source: Ghmessenger.com
