Bills Micro Credit Limited has clarified misconceptions regarding its relationship with renowned Ghanaian entrepreneur Richard Nii Armah Quaye.
The company explained that, contrary to circulating reports, Mr. Nii Armah Quaye is its Board Chairman and Founder, not the Chief Executive Officer (CEO).
A statement signed by its management and dated March 20 emphasized that, although Nii Armah Quaye is the majority shareholder, Bills Micro Credit remains a distinct legal entity separate from the entrepreneur.
“Bills Micro Credit Limited wishes to unequivocally state that the company, as a distinct legal entity, operates independently from the personal acquisitions, financial decisions, and activities of its Board Chairman, Richard Nii Armah Quaye.
“Furthermore, we emphasize that Richard Nii Armah Quaye is not the CEO of Bills Micro Credit Limited. Romeo-Richlove Kweku Seshie is the Chief Executive Officer, and the company has a management team overseeing all operational and financial matters,” the statement explained.
This comes after recent public discussions linked Mr. Quaye’s personal affairs, including his birthday celebrations, to Bills Micro Credit Limited.
“While the company extends its well wishes to him as its FOUNDER, CHAIRMAN, AND MAJORITY SHAREHOLDER, we categorically affirm that Bills Micro Credit Limited has not funded, sponsored, or facilitated any of his personal events or acquisitions.
“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,” the statement emphasized.