Founder of Menzgold, Nana Appiah Mensah aka NAM 1, who is standing trial for allegedly using the company to defraud over 16,000 people of GH¢1.6 billion, has denied circumventing the laws of Ghana in order to operate an illegal gold deposit taking business. Counsel for NAM 1, Kwame Akuffo, told the High Court in today […]
Tag: Menzgold
NAM1 slapped with 39 criminal charges
The Attorney-General and Minister of Justice, Godfred Yeboah Dame, has filed 39 counts of fresh criminal charges at the High Court against embattled Chief Executive Officer (CEO) of Menzgold Ghana Company Limited, Nana Appiah Mensah, popularly known as NAM 1. This comes after more than 36 appearances without a trial over three years, 11 months […]
Court fines Bulldog GHc48,000 for threatening Akufo-Addo over Menzgold saga
The Accra Circuit Court has fined artiste manager, Lawrence Nana Asiamah Hanson, aka Bulldog, Ghc48,000 for saying on tv that President Akufo-Addo will not finish his second term if he does not pay customers of Menzgold. Failure to pay the fine will land Bulldog 40 days in prison. Bulldog had pleaded not guilty to offensive […]
NAM 1 faces prosecution: Docket ready – Attorney-General
The Attorney-General and Minister for Justice, Godfred Yeboah Dame, has said the docket on the prosecution of the Chief Executive Officer (CEO) of the defunct Menzgold, Nana Appiah Mensah, is almost ready. “I’m happy to say that after painstaking investigations, the docket on that financial crime is almost ready for prosecution to commence,” he said. […]
Menzgold appoints Payboy to negotiate payments with customers
Menzgold has appointed a digital payment marketing and promotions company PAYBOY as third party entity to negotiate settlement with their unpaid customers. The company in a statement Tuesday said PAYBOY will negotiate and facilitate the payment of the investment of their customers whose monies are still stuck with them. “Following an advise given and subsequently […]
Take Responsibility and pay us our money: MenzGold customers to government
Aggrieved customers of MenzGold who have been chasing the folded up company for their locked up investments are calling on government to take responsibility of the crisis and pay them their money. The customers who say there is no difference between them and other customers of shut-down financial institutions hence there is the need for […]
Blame your too known for Menzgold fiasco-Abronye fires Menzgold customers
The Bono Regional Chairman of the ruling New Patriotic Party (NPP), Kwame Baffoe, Popularly known as Abronye DC has taken a dig at customers of collapsed gold trading firm Menzgold, telling them to blame themselves for their inability to retrieve their locked up investments from the company. According to him, the same customers who ridiculed […]
23 Menzgold customers dead so far; most bedridden
Since the shutdown of Menzgold Ghana Limited up till now, 23 customers have given up the ghost. “Most of them are also bedridden,” a customer has disclosed. He, therefore, called on the Chief Executive Officer of the defunct gold dealership firm to take frantic efforts to settle the remaining customers before the worst happens. The […]
NAM 1 to report on state of affairs of Menzgold in a media encounter on August 19
Embattled Chief Executive Officer of distressed gold trading firm, Menzgold, Nana Appiah Mensah is set to address the Ghanaian public via a media encounter on August 19, 2019. NAM 1 as the Menzgold boss is popularly called was released from police custody after meeting his bail conditions a couple of days ago. He was arrested […]
Just in: NAM 1 released from police custody after meeting bail requirements
Embattled CEO of Menzgold Company Limited, Nana Appiah Mensah (NAM1) has been freed from police custody following the completion of the requirements for his bail. Director of Communication of Menzgold, Nii Armah Amartefio, who confirmed NAM1’s release to Class 91.3FM said: “We met all the bail conditions, he is a free man now”. He added: […]
Senior police officer ‘wails’ on live radio over locked up retirement cash at Menzgold
A senior policeman was literally crying on live radio on Friday, July 26, 2019, over his locked up retirement benefits with troubled gold dealership firm, Menzgold. 62-year-old Chief Superintendent (retired) Sampson Addai Mensah revealed that he ploughed his retirement into the company based on the television and radio advertisements run by various media outlets coupled […]
NAM 1 arrives in Ghana; arrested at Kotoka International Airport
The Chief Executive Officer of gold derivative dealership company, Menzgold, Nana Appiah Mensah, has arrived in Ghana from Dubai. JoyNews sources say he is currently with the Criminal Investigations Department of the Ghana Police Service for interrogation. He had been in detention in Dubai since December 7, 2018 when he was arrested in that country […]