Private Jet Owner Richard Quaye’s Accounts Blocked …As FIC Target 50 More Companies
The Financial Intelligence Centre (FIC) has blocked all bank accounts of Richard Nii-Armah Quaye, alias RNAQ, the Ghanaian business mogul who recently bought for himself a private jet and a Bugatti Chiron to celebrate his 40th birthday.
The FIC has also blocked the financial accounts of some of RNAQ’s companies including Bills Micro-Credit, Quick Credit and Investment Micro-Credit.
Reports say the FIC blocked the accounts in accordance with Section 56(1) of the Anti-Money Laundering Act, 2020.
Meanwhile, the GRA is also said to be looking into the dealings of RNAQ in the areas of tax compliance and Tax Assessment of his businesses and financial dealings.
Some 50 other companies operating in Ghana in the areas of cement production, agribusiness, the petrochemical sector, mining, pharmaceuticals, and construction among others are said to be on the watchlist of the FIC over suspicious financial transactions.
The owners and directors of the said companies are likely to be invited to help in investigations in the coming weeks.
The New Publisher reported on Monday that as part of government’s efforts at combating corruption and making it unattractive in Ghana, the FIC has thrown its searchlight on some 57 companies and 25 entrepreneurs believed to have been involved in suspicious financial transactions.
The Center, after painstaking analysis of the said financial transactions have reason to believe the management of the said 53 companies and their owners should have questions to answer.
A management source hinted The New Publisher that apart from the investigative analysis to establish that truly the financial laws of Ghana have been flouted therefore the law must take its course, the persons and companies found guilty would be named and shamed in the media to serve as a deterrent.
“Some of these companies look beautiful and holy on the outside but an analysis of their books revealed a lot of financial infractions in huge volumes. If our analysis reports gets proven in court, many would be jailed”, the FIC source noted.
Meanwhile, the Office of the Special Prosecutor has announced that his office is all set to cooperate with the FIC to fight corruption.
Mr. Kissi Agyabeng, the Special Prosecutor has said as part of efforts to reinforce collaboration in the fight against corruption and financial crimes, his office has reached out to the new leadership of the FIC, headed by the Chief Executive Officer, Kwadwo Twum Boafo – man with an allergy for acts of corruption.
#RNAQ40 Party
Richard Nii Armah Quaye, on Saturday March 22, celebrated his 40th birthday party in a style that has been described as the biggest and most expensive birthday party in Africa.
The party attracted some 1,500 guests including business tycoons, musicians, celebrities, influencers, traditional authorities and what happened there topped social media trends for days.
The celebration, dubbed #RNAQ40, was held at the Independence Square in Accra in an indoor doom that was set up for the party. The set up alone too two weeks and comprised of 5 interlinked domes
Multibillionaire musicians, Diamond Platnumz, from Tanania was flown to Ghana to perform at #RNAQ40
Nigerain superstar Davido was also from Lagos to Accra to perform at #RNAQ40.
A tall list of Ghana’s best of musicians including Stonebwoy, King Promise, Kidi, Sarkodie among others were all in live performance at the #RNAQ40 party
Bills Disclaimer
Barely some 48 hours to the #RNAQ40 party, Bills Micro Finance issues a public statement to clarity that the company is not sponsoring the private event.
The statement said though Richard Nii Armah Quaye is the founder of the Bills Micro Finance, his private expenses are not paid for by the company.
The statement further emphasized that Richard Nii Armah Quaye is not the Chief Executive of Bills Micro Credit Limited, announcing that Romeo Richlove Kweku Seshie, is the Chief Executive Officer and the company has a management team overseeing all operational and financial matters.
“Recent public discussions have linked Mr. Quaye’s personal affairs, including his birthday celebrations, to Bills Micro Credit Limited. While the company extends its good wishes to him as its Founder, Chairman, and Majority Shareholder, we categorically affirm that Bills Micro Credit Limited has not funded, sponsored, or facilitated any of his events or acquisitions” the statement by management read.
The statement further added that Bills Micro Credit Limited remains committed to upholding the highest standards of corporate governance, transparency, independence, and financial integrity.
“Any actions or transactions undertaken by Mr. Quaye in his capacity are entirely separate from the operations, financial dealings, and obligations of the company” the statement added.
Comments are closed.