Customers of Menzgold are pleading with President Nana Addo Dankwa Akufo-Addo to help in recovering their frozen funds, even while criminal procedures against the collapsed company’s CEO, Nana Appiah Mensah, continue.
The irate consumers called after the state filed a new charge sheet against Nana Appiah Mensah.
Nana Appiah Mensah, also known as NAM1, is suspected of scamming thousands of Ghanaians who utilized his gold dealership company. He has been charged with 39 charges of defrauding by false pretense, operating in gold dealing without a license, and money laundering.
In an interview with Citi News, Fred Forson, Convener of the Menzgold Customers, guaranteed that steps are being done to remedy the issue.
“His Excellency, the President, on compassionate grounds, should also give action to the petition that we submitted to him. That he should order a bailout for affected customers while the criminal proceedings run in court,” he said.
“We want to say that customers should be rest assured that leadership is doing everything possible to ensure that we retrieve the very principle that we invested in Menzgold. We want them to keep heart,” he stated.
Meanwhile, Godfred Yeboah Dame, the Attorney General, has guaranteed consumers of the defunct gold trading business Menzgold Ghana Limited of justice.
Dame called the bankrupt dealership corporation a Ponzi scam that had left many of its victims homeless, with shattered marriages, and in some cases, dead.
He stated this during his keynote talk at the 40th International Symposium on International Crime.
“It called itself Menzbank and metamorphosed into a number of names before eventually taking up the name Menzgold. It dealt with the purchase of gold collectables from the public and issued contracts with guaranteed returns to the public without a license from the relevant authorities. I am happy to state that after painstaking investigations, criminal prosecutions have commenced into the perpetrators,” he stated.
