"Stop Lying, We Know Where You Make Your Money From": Maurice Ampaw Warns Bills' Founder
- Maurice Ampaw, a Ghanaian lawyer, has cautioned businessman Richard Nii-Armah Quaye against peddling falsehoods about his source of wealth
- The Ghanaian lawyer alleged that the founder of Bills Microcredit does not make money from his numerous businesses
- He claimed that he had known Mr Armah Quaye for many years and was aware of his source of wealth
- YEN.com.gh spoke to a lawyer to comment on Maurice Ampaw’s claims and whether such public allegations could have legal consequences.
Ghanaian lawyer, Maurice Ampaw, has reacted to a recent interview by businessman Richard Nii-Armah Quaye.
During an interview with Bola Ray, a renowned media personality, Mr Armah-Quaye, founder of Angels Credit Limited, an investor company with many subsidiaries, opened up about his source of wealth.
Source: UGC
According to him, he worked as a kitchen porter in the UK, washing about 5,000 plates a day to make ends meet.
Before relocating abroad to hustle, Richard Nii-Armah Quaye, the owner of Bills Microcredit, also said he sold local gin, otherwise known as Akpeteshie, at James Town in Accra.
These claims made by the Ghanaian business mogul sparked conversation on social and mainstream media.
Reacting to this, Lawyer Maurice Ampaw said the young businessman lied about the source of his wealth.
Speaking on Wontumi TV, the Ghanaian lawyer said he knew how Richard Nii-Armah Quaye made his money, adding that he saw the beginning of his struggles with his ex-wife.
"Life begins at 40, but if God has blessed you, and life begins at 20 for you, when you were struggling with your wife some of us were aware. So, it's not true that he washed 5,000 plates. I don't want to go there. Don't talk about those things. Where you make your money from, we know, some of us know," he said.
Richard Armah Quaye's account frozen
Richard Nii-Armah Quaye has been dealt a big blow after the accounts of a number of his companies were frozen.
The decision to freeze the company accounts of Bills Micro-Credit, Quick Credit and Investment Micro-Credit was made by the Financial Intelligence Centre.
YEN.com.gh earlier also reported that the accounts of Richard Armah Quaye and those of Bills' CEO, Romeo-Richlove Kweku Seshie, have been frozen.
A letter making rounds online disclosed that the directive was issued on March 21, 2025.
This news comes after the Ghana Revenue Authority indicated that Richard Armah Quaye was undergoing a personal income tax assessment.
The assessment by the GRA was part of routine regulatory oversight carried out with the aim to ensure that the entrepreneur complies with his tax obligations.
The Bugatti Chiron luxury car he recently purchased was one of the assets cited by reports.
Bills Credit issues a statement about its founder
Bills Credit also released a press statement setting the record straight on the lifestyle of its founder.
The company stressed that its business operations were different from the personal financial operations of Richard Armah Quaye.
The company claimed it did not finance or support the founder's private purchases or events.
Watch the video below:
Richard Nii-Armah Quaye's lavish 40th birthday party
The Bills Microcredit founder turned 40 on Friday, March 21, 2025, marking four decades of life on earth.
To mark the day, the Ghanaian businessman held what is arguably the biggest birthday party ever to be held in Ghana.
Held on Saturday, March 22, 2025, at the Black Star Square, the birthday party was graced by some of the creme de la creme in Africa, ranging from entertainers, and politicians to business moguls.
Source: Instagram
Some of the high-profile guests at the plush event included Nigerian Afrobeat artiste, Davido, actress Ini Edo, Toke Makinwa, East African musician guru, Diamond Platnumz, Ghanaian Afrobeat stars, KiDi, King Promise, rapper Sarkodie and Afro-dancehall star, Stonebwoy, among other dignitaries.
Ahead of the birthday party, Mr Armah Quaye bought a Bugatti Chiron and a private jet as gifts to himself.
YEN.com.gh exclusively spoke with Lawyer Bernard Obiri, who gave comments on the legal consequence of what Lawyer Maurice Ampaw said. According to him, if there is no corroborating evidence to the claims, Lawyer Ampaw may face a defamation lawsuit.
From a legal standpoint, Maurice Ampaw’s public allegations against Richard Nii Armah Quaye could raise concerns about defamation if they are not backed by evidence. Under Ghanaian law, making unverified claims that harm someone's reputation could lead to civil or even criminal liability, he said.
However, if Ampaw has substantial proof to support his statements, he may be protected under fair comment or justification in defamation law, he added.
Richard Nii-Armah Quaye searches for love
Earlier, YEN.com.gh reported that Richard Nii-Armah Quaye opened up about his relationship status in an interview with Bola Ray ahead of his 40th birthday party.
The business mogul said he was single after the collapse of his 10-year-old marriage.
Consequently, Mr Armah Quaye stated that he was in the relationship market searching for a woman to marry.
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Proofreading by Samuel Gitonga, copy editor at YEN.com.gh.
Source: YEN.com.gh
Salifu Bagulube Moro (Human-Interest Editor) Salifu Bagulube Moro is a Human Interest Editor at YEN.com.gh. He has over five years of experience in journalism. He graduated from the Ghana Institute of Journalism in 2018, where he obtained a Bachelor’s Degree in Communication Studies with a specialization in Journalism. Salifu previously worked with Opera News as a Content Management Systems (CMS) Editor. He also worked as an Online Reporter for the Ghanatalksbusiness.com news portal, as well as with the Graphic Communications Group Limited as a National Service Person. Salifu joined YEN.com.gh in 2024. Email: salifu.moro@yen.com.gh.
Samuel Gitonga (Copy editor) Samuel Gitonga is a Copy Editor at YEN.com.gh. He holds a Bachelor of Broadcast Journalism Degree from the Multimedia University of Kenya. He has over 7 years’ experience in the digital journalism industry. He started out his career at the Kenya News Agency and proceeded to work for several reputable media outlets in Nairobi.
