The ex-wife of Richard Nii Armah Quaye alias RNAQ, Joana Quaye, has filed a writ at the commercial division of the High Court seeking 10% of Bills Micro Credit profits since 2011.
Reports suggest Joana Quaye, in her writ filed on her behalf by Messrs Dame & Partners, the Plaintiff-shareholder, seeks the Court to undo what she terms as fraudulent transfers of her shares and stake in the company since its creation in 2011.
Thelawplatform. online, in a report filed, stated, “In demonstrating fraud perpetrated by the 1st and 3rd Defendants on her in her part-ownership of the company, Mad. Joana Quaye avers at paragraph 16 of her writ filed on the 10th day of June, 2026 as follows:
“a. It is not in doubt that plaintiff was the owner of 100,000 shares (10%) of the shares in Quick Credit and Investment Moneylending Company Limited.
b. The plaintiff has never agreed to a transfer of her shares to anybody.
Neither has she received any consideration for the purported transfer.
c. The 1st defendant executed a transfer of the plaintiff’s shares through an instrument which was not the act or deed of the plaintiff.
d. The plaintiff has never signed any instrument or document transferring her shares to anybody including the 2nd defendant.
e. The 1st defendant, without any lawful authorisation by the plaintiff or excuse, made an instrument by which he assigned the shares of the plaintiff to the 2nd defendant.
f. The purported transfer of the plaintiff’s shares was neither pursuant to any resolution stipulated by the Companies Act of Ghana nor in fulfilment of any of the requirements of Ghanaian law.
g. The purported alteration of the records of the company through the unlawful transfer of her shares and the unlawful entry of the 2nd defendant as a shareholder occurred as a result of a fake deed of transfer made by the 1st defendant and the falsification of the plaintiff’s signature.”
“The Plaintiff thus seeks declarative reliefs from the commercial court that she holds 10% shares of the 3rd Defendant, Bills Micro Credit Limited and thus, entitled to 10% of profits of the company.
She further seeks the court to order her ex-husband and Bill Micro Credit, the crown jewel of the successes of Mr. Quaye to account to her all profit made since December 2011. She further seeks orders directed at RNAQ and Bills Micro Credit for the payment of her share of the profit with same at an interest rate of the prevailing bank rate”.
In related news, Mrs. Joana Quaye, the ex-wife of Ghanaian businessman and self-acclaimed billionaire Richard Nii Armah Quaye (RNAQ), has filed an application for injunction at the Divorce and Matrimonial Division of the High Court in Accra seeking to restrain him from selling, transferring, disposing of or in any way alienating shares in a long list of companies, luxury vehicles, and expensive properties until an appeal over their divorce settlement is finally determined.
The embattled ex-wife of RNAQ is asking the court to temporarily ‘freeze’ the disputed assets and shares owned by the couple in various companies acquired during the course of the marriage in order to prevent the businessman from disposing of them before the Court of Appeal decides whether she is entitled to a larger share of the wealth acquired during their marriage.
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