Tag: NAM1
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Stay away from NAM1’s new land deal – Menzgold customers cautioned
The over 60,000 customers affected by the ongoing Menzgold saga are being cautioned against accepting a land deal being offered by CEO of the company, Nana Appiah Mensah. Leadership of the affected customers had earlier described the land deal as a second attempt by Appiah Mensah to defraud customers. Since 2018, Menzgold has struggled to…
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90 Menzgold customers arrested for besieging NAM1’s residence granted bail
Scores of customers of Menzgold who were arrested by the Police on Wednesday for massing up at the Trassaco residence of the company’s Chief Executive Officer (CEO), Nana Appiah Mensah, popularly known as NAM1, have been granted bail. This comes after they initially encountered challenges in meeting the bail conditions. About 90 of the customers…
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The financial sector reforms and the return of NAM1: A Citi Business News Review of 2019
This year has witnessed a number of interesting events and happenings that have in one way or the other shaped the local economy. These happenings have largely had an impact on the economies of individuals both positive and negative in some cases. The year started on quite a sour note for Heritage and Premium banks.…
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Nana Appiah Mensah remanded for two weeks
Nana Appiah Mensah, Chief Executive Officer of Menzgold, has been remanded to two weeks in Police custody. The embattled CEO is on trial for two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without licence, contrary to Section 6 (1) of the Banks and Specialised…
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Nana Appiah Mensah refused bail; spends night in cells
Embattled Chief Executive Officer of Menzgold, Nana Appiah Mensah aka NAM1, has been refused bail by the Criminal Investigations Department (CID) of the Ghana Police Service and is to spend the night behind bars. Mr. Appiah Mensah was picked up on Thursday afternoon at the Kotoka International Airport when he arrived from Dubai. Having spent…
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Nana Appiah Mensah arrested at Kotoka Airport
The Chief Executive Officer of defunct gold dealership company, Menzgold, Nana Appiah Mensah, popularly known as NAM 1, has been picked up by National Security operatives. He was picked up on the tarmac of the Kotoka International Aiport upon his arrival from the UAE. Nana Appiah Mensah, popularly known as NAM1 spent the last six…