mamamia!!; red-eyed MENZGOLD customers refresh anger…claim institution is owned by government



The dragging of government’s feet on the criminal trial of the CEO for MENZGOLD Nana Appiah Mensah hence the dropping of 61 charges which were slapped on him has triggered a lethalic suspicion.

Red-eyed customers who until now have not received their locked-up funds are saying that the NPP led government’s “lackadaisical attitude” in prosecuting NAM 1 and it’s lukewarmness in helping customers to get back their monies clearly suggest that the CEO of the financial institution is being supported by the state “and that indeed MENZGOLD is owned by the government”.

“The happening in the court and more especially the attitude of government clearly shows that the government is not interested in prosecuting NAM 1”, aggrived customers told the media during a press briefing held on Tuesday in Kumasi.

“One can cite current examples where Nam 1 having 61 charges slapped on him was allowed and provided with state security in blatant disregard for our laws to sign on new Artistes and being guarded by national security operatives and macho men.”, Spokesperson for Coalition of Aggrieved Customers of MENZGOLD Ghana Baffour Amankwa underlined.

He again gave reference to the event of Payboy Company which he claimed is owned by the same NAM 1 “…which was founded by EOCO as another scam just a couple of months ago is still fresh on our minds. Currently there is another company Metallica Refinery situated on the same premises of MENZGOLD in East legon -Accra believed to be associated with Nam 1.


Ivex and Gold Fm are all outlets the government has allowed Nam 1 to open and operating”, he disclosed in his statement to the press.

Peeved customers based on the foregoing have challenged government to pay them from the consolidated fund before the end of October 2020 and add the payment of their monies in the 2020 mid-year budget for payment before October 31.

They are again calling on government to properly confiscate and sell all assets of Nam 1, sell it and return the proceed to the state coffers.

By Enock Akonnor; Editor-in-chief

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