Bishop Kwabena Boakye Asiamah, the founder of the Ajagurajah Movement, has claimed Richard Nii Armah Quaye (RNAQ), a Ghanaian business mogul, may not be clean.
Ajagurajah alleged that RNAQ’s wealth might be tied to spiritual backing, citing the red ring often seen on RNAQ’s finger in photos to argue his case.
In a post on X, a netizen sharing the news wrote, “Ajagurajah has suggested that businessman Richard Nii Armah Quaye’s wealth may not be clean, adding there could be a spiritual backing to it.
In a TikTok video, he pointed to a red ring often seen on RNAQ’s finger in photos and used it to support his view.
He said that for someone around 40 years old to have built such wealth, there must be something beyond what people see, especially after, as he claimed, checks by the Ghana Revenue Authority and EOCO did not find anything wrong with his source of income.
“The GRA, EOCO, and others have checked his source of wealth and found nothing dubious.
“A 40-year-old person has managed to become so rich, and you think there is nothing behind his wealth? Wise up!
“Let me show you something. He does not go anywhere without his ring, watch it well,” he said.
He also dismissed suggestions that the ring is just for fashion, saying people should pay attention to what he is explaining.
Ajagurajah later showed a similar ring and said the red stone in it has a spiritual meaning”.
In related news, Richard Nii Armah Quaye, a Ghanaian business mogul, has revealed that his wealth is so large that he can’t even spend 2% of it.
According to Richard Nii Armah Quaye, he used to spend about 20% of his income, and now he cannot even he used to spend about 20% of his wealth.
Speaking in a video shared on X, Richard Nii Armah Quaye, while delivering a speech, stated, “As you continue to grow, your income begins to increase, so the 20% will also continue to increase for you. As I speak to you now, I am still spending below 20% of my income”.
“In fact, looking at where I am in life and where I started, I was around the 20% mark. But as you move forward and your worth becomes bigger, now I take about 2% of my worth, and I can’t even spend it,” he added.
Meanwhile, Kwadwo Twum-Boafo, the CEO of Financial Intelligence Centre (FIC), has said Richard Nii Armah-Quaye should not have drawn attention to himself.
According to the FIC CEO, his agency looked into the operations of Richard Nii Armah-Quaye’s businesses and taxes and noted the former BILLs CEO shouldn’t have attracted attention.
In a post on X shared by CDR Africe, the FIC CEO has stated, “We did a thorough investigation into Richard Nii Armah-Quaye’s operations, businesses and taxes, and we found that perhaps what he shouldn’t have done was attract attention”.
Kwadwo Twum-Boafo’s remarks follow, the FIC clearing both Daniel McKorley, popularly known as McDan, and Richard Nii Armah-Quaye of any wrongdoing.
The two Ghanaian businessmen have been cleared following detailed investigations into their financial transactions.
Ing. Kwadwo Twum Boafo, in an interview with GHOne TV, stated, “McDan’s issue has been resolved. That is why I keep saying we don’t do personal vendettas. You can speak with him… His accounts are unfrozen.
“The accounts of Richard Nii Armah-Quaye were frozen, but they have been unfrozen now because there was a determination that there was no need for it to go forward,” Ing. Boafo said.
Ing. Kwadwo Twum Boafo detailed that both men cooperated fully with investigators during the process.
He explained, “He came here, sat down with us and gave a thorough explanation of what he does, and there was no problem. We deal with people fairly, there are no personal vendettas”.
See the post below:
🚨🇬🇭Ajagurajah has suggested that businessman Richard Nii Armah Quaye’s wealth may not be clean, adding there could be a spiritual backing to it.
— Jasper Ziggle 🥷🇬🇭 🇺🇸 (@JasperZiggle) April 16, 2026
In a TikTok video, he pointed to a red ring often seen on RNAQ’s finger in photos and used it to support his view.
He said for… pic.twitter.com/ZOmnoOxCMV