GhanaMotion

3 things NAM 1 demands from govt to help him pay Menzgold customers

3 things NAM 1 demands from govt to help him pay Menzgold customers

Intro

The embattled Chief Executive Officer of gold dealership firm, Menzgold Ghana Limited, Nana Appiah Mensah, aka NAM1 is demanding the government to help the trading firm pay back customers.

The Economic and Organised Crime Office (EOCO) early in 2019, secured a court order to freeze properties of Menzgold Ghana Limited as well as seven other associated companies including Menzgold’s Office Complex, Zylofon Art Complex, Brew Marketing Consult, Star Madrid Football Club, Zylofon Music and media company, Brew Energy Company Limited, G-Tech automobile service.

The customers who are not happy over the silence of EOCO on the seized properties wants the state agency to appoint a liquidator to oversee the equitable payment of their investments.

 

The court order for the freezing of properties and assets of Menzgold Ghana Limited includes that of associated companies affiliated to the embattled Menzgold CEO, Nana Appiah Mensah.

NAM1 has been accused of using Menzgold as a tool to defraud more than 16,000 people of GH¢1,680,920.

However, NAM1 at a press conference after he was released from police custody is demanding three things from the government on the way forward in dealing with clients of the beleaguered gold dealing firm as well as operation of the company.

He said all companies have liabilities and assets should be given back to him. He stated that the government must assist Menzgold to retrieve monies owed it by other foreign companies and also appealed to the government to unfreeze his account and that of Menzgold to enable him to settle his debts to depositors.

 

He has implored the Attorney General’s Department to aid him to retrieve a $39million debt owed his firm by Horizon Royal Diamond in Dubai.

He said retrieving the amount is one of the reasons that will help settle his numerous customers.

Source: ghanamotion.com

Original Story on: GhanaMotion
Scroll to Top