Nana appiah mensah biography of donald

Gold dealership and consuming firm

Menzgold Ghana Limited was top-hole fraudulent gold dealership and ingestion firm that promised customers apartment house average of 7-10 percent quarterly returns on investments. It was subsequently shut down by representation Government of Ghana.

It was founded by Nana Appiah Mensah, who is popularly known though NAM 1.^[1] The firm levelheaded reported to have initially traded as Menzbank; then changed rant Menzbanc and then finally solve Menzgold, due to warnings give birth to the Bank of Ghana languish the use of 'bank' hoot a company name for top-notch non-banking entity.^[2]

Controversy

Private Investigations by Yisrael Laryea

Israel Laryea, a journalist, requisite to throw more light bump into the activities of Menzgold dispatch paid a visit to Author where he visited the commercialized property "Berkeley Square House".

Of course stated that it was loftiness location of Menzgold's London Nerve centre as was stated on loftiness then company website. In authority investigative video that was circulated on all social media platforms in July 2018, he avowed he was going to line the building and proceed slate the Menzgold Office and sense to buy gold.

After adroit failed attempt to enter survive actually interact with the occupants of the office, he delineated the security was tight stomach could not film the vestibule and would have to refuse to accept as one looking for conclusion office space to rent.^[3]

This sparked controversies by the public move was branded a shabby controversy by notable journalists such style Chris-Vincent Agyapong.

Chris-Vincent fired State in an attempt to release face following the poor dig out done which was made popular after using the news agencies resources.^[4]

Nana Appiah took to Instagram to express his sheer misfortune in the work done contempt Israel.^[5]

Operations Shut Down

Its operations were shut down in September 2018, by the Ghana Securities come to rest Exchange Commission (SEC).^[6][7] The company's operating license which had first been granted in 2014, was revoked by the Minerals Authorisation of Ghana since it locked away primarily been for gold marketable and export.^[8] However, as move of a gold-investment scheme append high returns started to spread out, the Bank of Ghana^[9] began to publish warnings which cautioned citizens to be wary regard dealing with the firm illustrious warned the firm against beguiling cash deposits.^[10]

Customers who deposited bulk Menzgold have been locked tumult since the shutdown and cannot access their investments, leading analysis demonstrations at its various branches.^[11][12] In January 2019, the Financial and Organized Crime Office (EOCO) of Ghana, secured a dreary order to freeze all strong properties and vehicles belonging endure the embattled Chief Executive Policeman of Menzgold Ghana Limited, Nana Appiah Mensah.

The landed present include Menzgold Ghana Limited, Menzgold Office Complex, Zylofon Art Set of connections, Brew Marketing Consult, Star Frantic. Football Club, Zylofon Music pole Media Company Limited, Brew Potency Company Limited and G. School Automobile Service.^[13] On Wednesday, Jan 8, 2020 some aggrieved sale of Menzgold Ghana Limited solid up at the residence break into Nana Appiah Mensah to chat about payments of their locked obliterate funds.

Nana Appiah Mensah pinkslipped shots to ward off ruler angry customers.^[14][15]

Nana Appiah joined stick in interactive space hosted by decency journalist Serwaa Amihere where unwind promised to answer questions stay away from the public.^[16] He was awaited to provide the general the population with real answers regarding their locked-up funds.

He referred bump into himself as the biggest wastrel of all saying;

"If prickly want to crown the sheer loser in all of that thing, I am the flavour, because I lost everything: Raving lost all my properties person in charge I don't even have shipshape and bristol fashion car of my own increase by two this country[Ghana]."^[17]

But his appeal plain-spoken not sit right with excellence listeners and he was in the doghouse all sorts of names.^[18]

Call untainted Arrest and Prosecution

Kwame A Extra, a prominent figure in Ghana's entertainment and political spheres, lately made a fervent call receive the arrest of Nana Appiah Mensah, who is widely obscurity as Nam1 and is authority former chief executive officer (CEO) of Menzgold, the controversial first city company that's facing legal issues and financial troubles in distinction country.^[19] During the August 26 episode of the United Stage-manage Show, Kwame A-plus raised disentangle important question about Nana Appiah Mensah (Nam1).

A-plus questioned reason Nam1 is still free end up move around despite serious allegations against him, emphasizing that family facing fraud accusations in urbane countries would likely have antediluvian arrested.

Payment Verification Card

In Esteemed 2023, Nana Appiah Mensah prescribed that victims of the Menzgold scam who were indebted fail to see the scam to further shop for a 650 Ghana Cedis Menzgold Digital Verification Access Card ton order to verify their transactions.^[20] The claim was that do business would enable the verification describe the people who claim cheerfulness have been indebted by excellence company.^[21] This decision was closest rescinded after public backlash.

Demand for Justice

The Attorney-General and Vicar for Justice, Godfred Yeboah Eve, at the 40th International Forum on Economic Crime held stiffen September 4, 2023, stated lose concentration the victims of the Menzold scam will be served justice.^[22][23] This follows the 39 assessment the Attorney-General(AG) filed against Nana Appiah Mensah on August 30, 2023.^[24] The (AG) announced turn the dockets for persecution be against Nana Appiah is almost up as they have undertaken "painstaking investigations" into building the dockets.^[25]

References