Omanghana
Official registration documents filed with Ghana’s Office of the Registrar of Companies have confirmed that Joana Quaye was an original co-founder, shareholder, and director of Bills Micro Credit Limited, formerly known as Quick Credit & Investment Micro-Credit.
The records, which date back to the company’s incorporation in December 2011, indicate that Quaye held 100,000 shares, representing a 10 percent stake in the business. Her former husband, Richard Nii Armah Quaye (RNAQ), held the remaining 900,000 shares, equivalent to a 90 percent ownership interest. The documents also list the pair as the company’s only two founding directors.
Dispute Forms Part of High Court Case
The corporate records have come under scrutiny as part of an ongoing legal dispute before the Commercial Division of the Accra High Court.
In a fresh writ filed by her lawyers, Dame & Partners, Joana Quaye is challenging changes allegedly made to the company’s ownership and directorship structure, while seeking multiple court orders against Richard Nii Armah Quaye and Bills Micro Credit Limited.
Allegations of Unauthorized Changes
According to the court filing, Quaye alleges that her former husband unlawfully altered the company’s official records without her knowledge or consent.
She claims that she was removed as a shareholder in 2017 and later as a director in 2021 without the approval of a general meeting or any authorization from her.
The lawsuit further alleges that her 10 percent shareholding was transferred to a third party, Kobina Awuah, without her consent. Quaye is asking the court to declare the alleged transfer null and void and to direct the Office of the Registrar of Companies to remove Awuah’s name from the company’s records.
Claim for Share of Company Profits
In addition to challenging the ownership changes, Quaye argues that she provided the company’s initial seed capital from her personal savings in 2009, prior to its formal incorporation.
Based on that claim, she is seeking a court order compelling Richard Nii Armah Quaye and Bills Micro Credit Limited to pay her 10 percent of all profits generated by the company since its incorporation in December 2011.
Case Linked to Divorce Proceedings
The legal action is the latest development in the ongoing dispute between the former spouses, extending issues arising from their divorce into a broader commercial and corporate legal battle.
The court is expected to determine the validity of the disputed share transfers, directorship changes, and the financial claims raised in the suit. As of the time of publication, the defendants have not publicly responded to the allegations contained in the latest court filing.
Source: Omanghana
