Richard Quaye: Bills Credit Dissociates Itself From Founder's Jet, Bugatti, And Birthday Spending

• Bills Micro Credit has clarified the recent lavish spending of its founder, Richard Nii-Armah Quaye, ahead of his birthday celebration
• Quaye, who turns 40 on March 21, 2025, is planning a star-studded birthday bash in addition to a private jet and a Bugatti he bought as gifts for himself
• His actions have raised eyebrows, and now his company has come out to state it is not sponsoring its founder's lavish lifestyle

Bills Micro Credit, a leading microfinance company in Ghana, has reacted to chatter about the upcoming birthday of its founder, Richard Nii-Armah Quaye.

Nii Armah-Quaye will turn 40 on Friday, March 21, 2025, and is determined to have a memorable milestone birthday celebration.

Ahead of the birthday, the Bills Credit founder has purchased a Bugatti Chiron Sport, which arrived in Ghana last week. After the Bugatti, he announced he had acquired a jet. The aircraft, a Gulfstream G200 Galaxy, arrived at the Kotoka Airport a few days after the announcement.

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Aside from gifting himself these expensive birthday presents, Richard Quaye has rented the Black Star (Independence) Square to host a big birthday bash. A supposed guest list for the party, which surfaced online, suggests it will be attended by many high-profile personalities in Africa, including Nigerian singer Davido, Stonebwoy, and Tanzania's Diamond Platinumz. Others include Osei Kwame Despite and Aliko Dangote.

Below is a video of how the Black Star Square is being prepared for the party:

With the buzz generated by Quaye's acquisitions and the preparations for his birthday, there have been concerns about how he is funding his lifestyle. Some wondered if he was using proceeds from Bills Credit to support his lifestyle.

Bills Credit independent of Richard Nii-Armah Quaye

In a statement released on its Instagram page on Thursday, March 20, 2025, Bills Micro Credit assured its customers that the company was not funding the party of its founder.

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According to the statement, the company operates independently from the personal acquisitions and financial decisions of Richard Nii-Armah Quaye, who is the Founder, Board Chairman, and Majority Shareholder.

The statement explained that Quaye plays no direct role in the day-to-day affairs of the company since he is not the CEO. That responsibility lies with Romeo-Richlove Kweku Seshie, the CEO and a management team that oversees all of Bills' operational and financial matters.

"While the company extends its well-wishes to him [Richard Quaye], we categorically affirm that Bills Micro Credit Limited has not funded, sponsored, or facilitated any of his personal events or acquisitions.

"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 personal capacity are entirely separate from the operations, financial dealings, and obligations of the company."

See Bills Credit's statement on Richard Quaye's birthday celebration below:

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Bills Credit's disclaimer is a good move

Public Relations and Branding expert Bismarck Nii Ogbamey Tetteh weighed in on Bills Micro Credit's move to dissociate the company from Nii Armah Quaye's lifestyle.

In a chat with YEN.com.gh, Ogbamey Tetteh noted that perception counts for every organisation, especially financial institutions, where the slightest suspicion of misconduct could affect the company's survival.

"It is important for the company to assuage any fears arising from the lifestyle of Bills Micro Credit founder, which some people think has been overly opulent. For an institution whose work is basically about keeping people's money safe, you would want to be careful not to trigger any panic withdrawals because of the founder's lifestyle," he said.

He added that there has been an instance in the past, referring to the activities of Nana Appiah Mensah a.k.a. NAM1 and his Menzgold.

"The clarification is something I would approve if I were in charge of the comapny's communications becuase not too long ago, a similar thing happened with NAM1's Menzgold which led to many people lossing their investments. Therefore, it is prudent to show that people's monies are safe at Bills."

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Doubts over Richard Quaye's jet ownership

Meanwhile, YEN.com.gh earlier reported that details of Richard Quaye's private jet, which had emerged online, suggested he might not be the owner of the Gulfstream G200.

According to the findings, the jet was owned by Lion Aviation Group and had been leased to Elite Air, a rental company in the US.

Flight records indicated that it had flown from Cape Verde to Accra after operating between the US and Barbados a few days earlier.

Proofreading by Samuel Gitonga, copy editor at YEN.com.gh.

Source: YEN.com.gh