The Financial Intelligence Centre (FIC) has frozen the financial accounts of Bills Micro-Credit, Quick Credit, and Investment Micro-Credit, all owned by business mogul Richard Nii Armah Quaye.
In addition to freezing the accounts of these companies, the FIC has also frozen the personal accounts of Quaye and the CEO of the companies, Romeo-Richlove Kweku Seshie. The decision was made in line with Section 56(1) of the Anti-Money Laundering Act, 2020.
This action comes amid an ongoing income tax assessment by the Ghana Revenue Authority (GRA) to ensure that Mr. Quaye is in compliance with his tax obligations.
The GRA has clarified that it has not frozen Quaye’s accounts, as previously reported, but is instead conducting a standard audit process.
As part of this audit, the GRA has also issued an assessment for the import duty on Quaye’s luxury Bugatti Chiron, which he has already paid.
These actions come shortly after Quaye celebrated his 40th birthday in grand style at Accra’s Black Star Square.
The star-studded event, dubbed #RNAQ40, saw many influential figures from both the business and entertainment worlds in attendance, including government officials, business elites, and international personalities such as Nigerian singer Davido and Ghanaian rapper Sarkodie.
