Joana Quaye sues RNAQ, Awuah and Bills Micro-Credit for fraudulent transfer of shares

The former wife of Ghanaian businessman Richard Nii Armah Quaye has filed a lawsuit at the Commercial Division of the High Court in Accra, challenging what she describes as the unlawful transfer of her shares in Bills Micro-Credit Limited.

Joana Quaye, in a writ filed on June 10, 2026, is seeking declarations that she remains the legal and beneficial owner of 10 percent of the company’s issued shares and that the alleged transfer of those shares to Kobbina Awuah is null and void.

The suit names Richard Nii Armah Quaye, Kobbina Awuah, Bills Micro-Credit Limited and the Office of the Registrar of Companies as defendants.

According to court documents, Quaye is asking the court to direct the Office of the Registrar of Companies to remove from its records the disputed share transfer instrument and all related entries identifying Awuah as the holder of the shares.

She is also seeking an order compelling Richard Nii Armah Quaye and Bills Micro-Credit Limited to account for the company’s profits from its incorporation in December 2011 until judgment, and to pay her the portion of the profits she claims she is entitled to, together with interest.

In her statement of claim, Quaye says she and her former husband established Quick Credit and Investment Money Lending Company Ltd during their marriage in 2011.

She alleges the company was subsequently renamed twice, eventually becoming Bills Micro-Credit Limited, without complying with the requirements of Ghana’s Companies Act.

She maintains that she was both a shareholder and director of the business and contributed to its operations, including debt recovery, while her former husband managed its day-to-day affairs.

Quaye says she first became aware during divorce proceedings on March 13, 2024, that her former husband had testified her shares had been transferred to Awuah.

Subsequent searches at the Office of the Registrar of Companies, she says, confirmed the shares had been registered in Awuah’s name.

She argues that she neither authorised nor signed any document transferring her shares, received no payment for the alleged transaction, and did not consent to the transfer.

The lawsuit also challenges her removal as a director of Bills Micro-Credit Limited.

Quaye contends she was one of the company’s original directors but was later removed from the company’s records without a shareholders’ resolution or her resignation.

She is asking the court to declare the changes to the company’s shareholding and directorship records invalid and to set aside subsequent appointments of directors, arguing they were made without her participation as a shareholder or without a properly convened general meeting.

In addition to declaratory reliefs, Quaye is seeking general damages against the defendants and damages for alleged fraud against Richard Nii Armah Quaye.