Customers of defunct gold dealership firm, Menzgold, have appealed to the government to cause the Attorney General to initiate liquidation of embattled CEO Nana Appiah Mensah aka NAM 1’s businesses to pay them their locked investments.

Their latest appeal follows revelation by the Deputy Attorney General Joseph Kpemka that the plaintiff in the gold case involving Menzgold boss Nana Appiah Mensah has filed an appeal to the ruling that set the Ghanaian businessman free.

He said that explains why the Menzgold boss is still in detention in the United Arab Emirates, and not because the government of Ghana wants him behind bars.

The Deputy AG said NAM 1 will return to Ghana only after the case is ended.

The Spokesperson of aggrieved customers in the Ashanti Region, Amankwah Barfuor in an interview with Kasapa News said the government must intervene to save the several dying customers.

“The government should cause the Attorney General to trigger the liquidation act so that the various bank accounts of NAM 1 that have been frozen by EOCO are released. We appeal to the government that even if we the customers are not going to have all the monies invested in Menzgold back, at least if his business is liquidated and his properties auctioned there’ll be some money to pay customers some percentage of monies invested in Menzgold because several of them are dying due to unbearable hardship. The company told us that all the monies are there and they are ready to pay us. We believe the government can step in with this measure to save dying customers. At least paying some percentage of our investment to us will bring a lot of relief to most of us because times are really tough for us. State institutions should have compassion for us and help us. Investing in Menzgold does not make us greedy people.” 

Background

A Dubai-based businessman reported Mr Mensah for fraud in May 2018. Unaware that he was on the Dubai police’s wanted list, Mr Mensah went to the Emirates with the hope of receiving a huge amount of money due him as a result of his earlier transactions with the Emirati, only to be arrested when he presented his passport to undergo immigration formalities. Over $23 million is involved in the deal.

Several customers of his defunct gold firm have on several occasions demonstrated in Accra, Kumasi, Takoradi and Tarkwa calling on the government to intervene and help them retrieve their locked up cash.