I’m Coming Back For My Money – NAM1 Tells Ghana Police

Nana Appiah Mensah, the former Chief Executive Officer of the now-defunct Menzgold, has declared his intention to revisit the police in order to reclaim the money he had entrusted to them.

His surprise stemmed from the revelation that the GH¢5 million, designated for distribution to verified customers, had been placed in the Bank of Ghana with the Court’s attention. This arrangement contradicted the understanding he had with the police, prompting his decision to pursue the return of his funds.

In a tweet shared by broadcast journalist Serwaa Amihere, he expressed, “I am surprised the money has been deposited at the Bank of Ghana. I will go back to the police and ask them to give the money back to me because that was not the arrangement we had.”

NAM1’s statement follows the police’s announcement that the GH¢5 million has been placed in the police exhibit account at the Bank of Ghana for the court’s attention.

The police have made it clear that the court will determine the allocation of the GH¢5 million to the affected customers.

Nana Appiah Mensah faces 39 charges, including allegations of defrauding by false pretense, conducting gold trading without proper licensing, and money laundering.

Meanwhile, the Attorney-General and Minister of Justice, Godfred Yeboah Dame, has assured that justice will be delivered to all Menzgold customers.

It’s worth noting that in 2018, the Securities and Exchange Commission (SEC) directed Menzgold to halt its gold trading activities with the public.

The reason for this directive was Menzgold’s involvement in the acquisition and deposit of gold collectibles from the public, along with the issuance of contracts promising guaranteed returns to clients, all without a valid license from the Commission.

This was in contravention of “section 109 of Act 929 with consequences under section 2016 (I) of the same Act,” according to the SEC.

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