Joana Quaye, the former wife of businessman Richard Nii Armah Quaye (RNAQ), has filed a suit at the Commercial Division of the High Court in Accra against her former husband, Mr. Kobbina Awuah, Bills Micro-Credit Limited and the Office of the Registrar of Companies, challenging the alleged transfer of her shares in Bills Micro-Credit Limited.
The writ, filed on June 10, 2026 by her lawyers, Dame & Partners, seeks 14 reliefs, including 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 Mr. Awuah is null and void.
She is also asking the court to direct the Office of the Registrar of Companies to remove from its records the disputed share transfer instrument and related entries identifying Mr. Awuah as the holder of the shares.
In addition, the plaintiff is seeking an order compelling Richard Nii Armah Quaye and Bills Micro-Credit Limited to account for the company’s profits from its establishment in December 2011 to the date of judgment.
She is also seeking payment of the portion of those profits she claims she is entitled to, together with interest.
Basis of the suit
In her statement of claim, Ms. Quaye states that she and her ex husband established a company in 2011 during their marriage under the name Quick Credit and Investment Money Lending Company Ltd.
She alleges that the company’s name was subsequently changed to Quick Credit and Investment Micro-Credit Company Ltd and later to Bills Micro-Credit Ltd without complying with the requirements of the Companies Act.
She further states that she was both a shareholder and director of the company and contributed to its operations, including debt recovery activities, while Mr. Quaye managed its day-to-day affairs.
According to the statement of claim, she became aware during divorce proceedings on March 13, 2024, that Mr. Quaye had testified that her shares had been transferred to Mr. Kobbina Awuah.
Ms. Quaye says subsequent searches at the Office of the Registrar of Companies confirmed that the shares had been registered in Mr. Awuah’s name.
She contends that she neither authorised nor executed any instrument transferring her shares and did not receive any consideration in relation to the alleged transfer. She argues that the transfer was effected without her consent and in breach of the applicable legal requirements.
Directorship dispute
Ms. Quaye also disputes her removal as a director of Bills Micro-Credit Limited.
According to her, she and the first defendant were the company’s original directors at incorporation. She alleges that her name was later removed from the company’s records without a shareholders’ resolution or her resignation.
She is asking the court to declare the disputed changes to the company’s shareholding and directorship records invalid and to set aside subsequent appointments of directors that she alleges were made without her participation as a shareholder or without a duly convened general meeting.
The plaintiff is also seeking general damages against the defendants and damages for fraud against Richard Nii Armah Quaye.
Read Also:
