Nii Armah Quaye's ex-wife sues over disputed Bills Micro-Credit shares

A dispute over ownership of shares in Bills Micro-Credit Limited has moved to the Commercial Division of the High Court in Accra, with Joana Quaye asking the court to restore what she says is her 10 percent stake in the company.

Ms Quaye, former wife of businessman Richard Nii Armah Quaye, has sued him, Mr Kobbina Awuah, Bills Micro-Credit Limited and the Office of the Registrar of Companies over an alleged transfer of her shares.

The writ was filed on June 10, 2026, by her lawyers, Dame & Partners.

She wants the court to declare that she remains the legal and beneficial owner of 10 percent of the issued shares of Bills Micro-Credit Limited.

She is also asking for a declaration that the alleged transfer of those shares to Mr Awuah is null and void.

The suit seeks an order directed at the Office of the Registrar of Companies to remove from its records the disputed share transfer instrument and related entries showing Mr Awuah as holder of the shares.

Ms Quaye is further demanding an account of profits made by the company from its establishment in December 2011 to the date of judgment.

She wants Richard Nii Armah Quaye and Bills Micro-Credit Limited to pay her the portion of those profits she says she is entitled to, together with interest.

According to her statement of claim, the company was established during her marriage to Mr Quaye in 2011 under the name Quick Credit and Investment Money Lending Company Limited.

She says the company later changed its name to Quick Credit and Investment Micro-Credit Company Limited and subsequently to Bills Micro-Credit Limited.

Ms Quaye alleges that the name changes were done without complying with the Companies Act.

She also says she was both a shareholder and director of the company from the beginning.

According to her, she contributed to the business, including debt recovery activities, while Mr Quaye handled the day-to-day management of the company.

Her case is that she first became aware of the alleged transfer of her shares during divorce proceedings on March 13, 2024.

She says Mr Quaye testified during those proceedings that her shares had been transferred to Mr Awuah.

Ms Quaye claims searches later conducted at the Office of the Registrar of Companies confirmed that the shares had been registered in Mr Awuah’s name.

She denies authorising the transfer.

She also says she did not sign any instrument transferring her shares and received no consideration for the alleged transaction.

She argues that the transfer was done without her consent and in breach of legal requirements.

The suit also challenges her removal as a director of the company.

Ms Quaye says she and Mr Quaye were the original directors at incorporation.

She alleges that her name was later removed from the company’s records without her resignation or a shareholders’ resolution.

She is asking the court to invalidate the disputed changes to the company’s shareholding and directorship records.

She also wants subsequent appointments of directors set aside, arguing that they were made without her participation as a shareholder and without a duly convened general meeting.

In all, she is seeking 14 reliefs.

These include general damages against the defendants and damages for fraud against Richard Nii Armah Quaye.