This comes after the young man celebrated his 40th birthday with an extravagant celebration.
His bank accounts were frozen, although the cause has not yet been determined.
The Ghanaian business tycoon's source of wealth has been questioned by many Ghanaians, who wonder how he got so wealthy.
Despite Richard Nii Quaye's numerous responses to Ghanaians' questions in interviews with radio and television stations, Ghanaians have swept them under the rug because they don't think it makes sense.
In the meantime, the business magnate's extravagant birthday celebration has sparked internet debate.
