Richard Nii Armah Quaye’s Personal And Company Accounts ‘Frozen’ After Lavish Birthday Bash

All company accounts of Bills Micro-Credit and Quick Credit and Investment Micro-Credit have been frozen by the Financial Intelligence Centre.

Fresh details emerging also indicate that all personal accounts of the companies’ Founder, Richard Nii Armah Quaye, and CEO, Romeo-Richlove Kweku Seshie, have also been frozen.

The action was taken by the FIC in accordance with Section 56(1) of the Anti-Money Laundering Act, 2020 (Act 1044).

A confidential letter sighted by Citi News revealed that the directive was issued on March 21, 2025, and took immediate effect – pending further directives and information gathering.

This clarification came in response to recent public discourse linking the company to Mr. Quaye’s personal affairs, including his birthday celebrations.

While recognizing Mr. Quaye as its founder, chairman, and majority shareholder, the company firmly dismissed any financial ties to his personal expenses.

Source: Citinewsroom