Menzgold

Menzgold: ’NAM1 Induced Public With Celebrities’ – Investigator
11 Mar

Menzgold: ’NAM1 Induced Public With Celebrities’ – Investigator

Wontumi1News,
The investigator in the trial of Nana Appiah Mensah alias NAM1, the CEO of defunct Menzgold Ghana Limited, has told a High Court in Accra that the accused used celebrities to induce members of the public to invest in his companies which were engaged in illegalities. According to Deputy Superintendent of Police (DSP) Charles Nyarko, their investigations revealed that neither NAM1 nor his companies – Menzgold and Brew Marketing Consult were licensed by the Minerals Commission to sell gold or gold products to the general public, indicating that “the accused persons were involved in illegalities from the start. He also…
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NAM1 Pulled Gun On Us When We Demanded Our Interest – Witness Who Invested GH¢760k In Menzgold Tells Court
23 Jan

NAM1 Pulled Gun On Us When We Demanded Our Interest – Witness Who Invested GH¢760k In Menzgold Tells Court

Wontumi1News,
The fifth prosecution witness in the trial of Nana Appiah Mensah, aka NAM1, has testified that after investing GH¢760,000 in Menzgold, the accused assaulted her when she demanded her returns. Priscilla Adu-Boateng, a trader and a single mother with four children, alleged that on January 8, 2020, NAM 1 pulled a gun when she went to his house at Trassaco in Accra with other aggrieved customers to demand for their monies. “I am a single mother with four children, and these investments were made in furtherance of their education. “My business is not thriving, and I am in the process…
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NAM1, Companies Failed To Honour Dividends — Witness
17 Jan

NAM1, Companies Failed To Honour Dividends — Witness

Wontumi1News,
The second prosecution witness in the trial of Nana Appiah Mensah, aka NAM1, has told the Accra High Court that NAM1’s two companies failed to pay him the dividends due him after he had invested over GH¢1 million with the companies. Appearing before the court presided over by Justice Ernest Owusu-Dapaah, a Justice of the Court of Appeal sitting as an additional High Court judge, Edward Otu Larbi, was led by the Director of Public Prosecutions (DPP), Yvonne Atakora Obuobisa, to give his evidence in chief. The witness, a sales manager, who was under the cross-examination of counsel for the…
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Menzgold: Heavy Security At Court As NAM1 Set To Plead To Fresh Charges
08 Dec

Menzgold: Heavy Security At Court As NAM1 Set To Plead To Fresh Charges

Wontumi2News
Security at the entrance of the Financial and Economic Division of the High Court in Accra has been enhanced following court directives. This was after lawyers of the accused had earlier informed that court that his client’s company’s PRO was previously struck with an object by one of the customers at one of the sittings. Justice Ernest Owusu-Dapaah, a Justice of the Court of Appeal sitting as an additional High Court judge, consequently, ordered the Registrar of the Court for an enhanced security anytime the case came up. EIB Network’s Legal Affairs Correspondent, Murtala Inusah is reporting that, ahead of…
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NAM1 Gave Police GH¢2.5M Not GH¢5M – Godfred Dame
15 Nov

NAM1 Gave Police GH¢2.5M Not GH¢5M – Godfred Dame

Wontumi1News,
The government has denied claims by the Chief Executive Officer of defunct Menzgold Ghana Limited, Nana Appiah Mensah, also known as NAM1, that he deposited GH¢5 million at the Ghana Police Service. NAM1 in a statement indicated that an amount of GH¢5 million had been handed over to the Ghana Police Service on October 20 to be distributed to customers of the collapsed firm. He clarified that the money was meant to be paid to customers who successfully went through a verification process conducted by the company, including a GH¢2.5 million judgment debt. But answering questions on the floor of…
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Menzgold To Start Payment Today
20 Oct

Menzgold To Start Payment Today

Wontumi1News,
Defunct gold dealership firm, Menzgold Limited is set to officially commence client payments today, Friday, October 20th, 2023, per information gathered by DGN Online. After months of uncertainty and concern, the gold-deposit company has pledged to address each and every individual with utmost care, as the critical process begins at the Police Head Office this morning at 9am. The milestone announcement represents a significant stride forward in resolving the enduring issues surrounding Menzgold Limited’s clients, who were left with investments held captive due to unforeseen circumstances. Nana Appiah Mensah, spearheading the initiative to reimburse clients, emphasized the importance of strict adherence…
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BoG Advised Me To Streamline Menzgold Operations – NAM 1 To Court
20 Sep

BoG Advised Me To Streamline Menzgold Operations – NAM 1 To Court

Wontumi1News, ,
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 on Tuesday, September 19, that his client did not circumvent the Banking and Specialised Deposit-Taking Institutions Act, 2016 (Act ) as alleged by the prosecution to enable him to carry out the operations of Menzgold. Mr Akuffo claimed that it was officials of the Bank of Ghana (BoG)…
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Favourable Outcome Expected From Fresh Charges Against NAM 1 – Menzgold Customers
06 Sep

Favourable Outcome Expected From Fresh Charges Against NAM 1 – Menzgold Customers

Wontumi2Business
The Coalition of Aggrieved Customers of Menzgold Ghana anticipates positive results from the new charges filed against NAM 1, the CEO of the defunct gold dealership company. According to Public Relations Officer, Timothy Binob, any favourable information about Menzgod is welcomed. He stated that they were hoping that the fresh accusations filed against NAM 1 would result in a favourable outcome. He also stated that they had constantly petitioned the Attorney General’s office with their concerns. “The Attorney General’s Office is a public institution, so we are happy that the office has said we deserve justice and have filed new charges against…
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Attorney General Files 39 Charges Against NAM1
31 Aug

Attorney General Files 39 Charges Against NAM1

Wontumi2Business,
The former Chief Executive Officer for MenzGold, Nana Appiah Mensah (NAM1), has been charged by the Office of the Attorney General after three years and more than 35 adjournments of his trial. Court documents sighted by GhanaWeb indicate that the Office of the Attorney has slapped NAM1 with 39 charges. The charges include 25 counts of “Defrauding by false pretence contrary to sections 131(1) of the Criminal Offences Act, 1960 (Act 29); and seven counts of “Fraudulent breach of trust contrary to section 128 of the Criminal Offences Act, 1960 (Act 29)”. The other charges are seven counts of “Money Laundering contrary…
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NAM1 Can’t Be Walking Around And Misbehaving, Arrest Him – A-Plus
28 Aug

NAM1 Can’t Be Walking Around And Misbehaving, Arrest Him – A-Plus

Wontumi2Showbiz, ,
Ghanaian entertainment and political pundit, Kwame A Plus has called for the arrest of former Menzgold CEO, Nana Appiah Mensah, popularly known as Nam1. NAM1 faced backlash from the general public when customers who had their monies locked up with the defunct gold investment scheme were asked to pay an amount of GH¢650 for verification or risk losing their funds. The directive was later scrapped and all those who had paid were assured of a refund. Speaking on the United Showbiz Show on Saturday, August 26, Kwame A Plus questioned why NAM1 was still walking about free when suspected fraudsters in developed countries would have…
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