FIC freezes Bills Micro-Credit Founder and CEO’s personal and company accounts

All company accounts of Bills Micro-Credit and Quick Credit and Investment Micro-Credit have been frozen by the Financial Intelligence Centre.

Fresh details emerging also indicate that all personal accounts of the companies’ Founder, Richard Nii Armah Quaye, and CEO, Romeo-Richlove Kweku Seshie, have also been frozen.

The action was taken by the FIC in accordance with Section 56(1) of the Anti-Money Laundering Act, 2020 (Act 1044).

A confidential letter sighted by Citi News revealed that the directive was issued on March 21, 2025, and took immediate effect – pending further directives and information gathering.