Tag: Nana Appiah Mensah
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Frustrated Menzgold customers to petition international community over locked up funds
The Coalition of Aggrieved Customers of Menzgold has reiterated its intention to appeal to the international community to help with the retrieval of their locked up investment. The company since its collapse in 2018 following a suspension order from the Securities and Exchange Commission, has been struggling to refund monies invested by its customers. A…
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Menzgold will bounce back — NAM1 begs gov’t to unfreeze accounts
Nana Appiah Mensah, CEO of gold dealership firm Menzgold Ghana, has revealed that the ability of the company to settle the debt owed his customers is dependent on government willingness to amongst other things help the company retrieve some US$39 million debt owed him by a Dubai company Royal Horizon. This was made known at…
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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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Bank of Ghana’s warning ‘unfortunate’ – Menzgold
The management of trading company Menzgold Ghana Company Limited has expressed grave concerns over the Bank of Ghana’s (BoG) threat of taking punitive actions against them. The company said the BoG’s warning was ‘unfortunate.’ The central bank had indicated that it was moving against Menzgold. According to the regulator, Menzgold, which is known as a…