Following his jail stint in the United Arab Emirates and brief detention back home, CEO of Ghana’s controversial gold dealership firm, Menzgold, has finally addressed a press briefing today, August 19.
Nana Appiah Mensah, known by his alias NAM1 was recently released by a court in the capital Accra after his bail conditions were met. He was detained by authorities upon his return from Dubai jail in July.
NAM1 addressed a wide range of issues that had occurred in his absence while appealing to government for help to enable his outfit pay customers who have been living in fear of losing their investments.
He gave three conditions which his outfit could settle all financial obligations owed to its thousands of customers.
All three had to do with government assistance and directives.
The first being assistance to help Menzgold recover money owed it by Horizon Royal Diamond – a Dubai based firm, Second, to unfreeze the company and its CEO’s accounts and assets.
Finally, to give clear direction as to which government agency has jurisdiction to regulate the activities of gold collectibles trade in Ghana.
Hundreds of Menzgold customers have in the past months protested in different parts of the country demanding his deportation from Dubai and retrieval of their monies.
Menzgold started off as Menzbank changed to Menzbanc after BoG red flag and finally to Menzgold – posing as a mineral collectibles agency and was said to be promising outrageous returns.