Home News Court orders all properties of Menzgold to be sold

Court orders all properties of Menzgold to be sold

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Nana Appiah Mensah’s Menzgold would surely blacklist the year 2018 from their memory so the company is not reminded of what happened to the once vibrant and money making firm for most Ghanaians.

Looks like now their aggrieved customers can at least relax a bit as the Kumasi circuit court has ordered that all properties of the troubled firm be auctioned.

The court ruled that properties of the firm in Amakom, all personal properties in the office of Menzgold ltd in Amakom, all personal properties in Menzgold office at Patase, all in the Kumasi be sold at a public auction.

Also Read: “I was signed by Zylofon, not Menzgold, I am not a banker”-Joyce Blessing

Recently a staff of Menzgold accused the management members of living extravagant lifestyles notwithstanding the company’s woes and difficulty to clear investments of customers locked up with the firm.

“Our loyalty to both company and clients led to four months with no pay so as to bring an end to this crisis while they (management) live lavishly without remorse” the staff noted in a statement.

Also Read: Menzgold to organize party for its customers

The staff of Menzgold were recently asked by the CEO, Nana Appiah Mensah (NAM1) to proceed on leave until 20 December 2018, while the recently migrated online platform has also been halted.

The staff also in their statement disclosed that management members are secretly selling off assets of the company and keeping the proceeds for themselves, with the intention of relocating outside the country to enjoy their booty.

“We also wish to inform clients that management has started selling off assets for personal gain and to also settle their close friends. We confirm the travel plans of management members outside the country. Some tried and have been deported”, the staff said.

Also Read: Meet the 13 management members of Menzgold selling assets and leaving Ghana

Management members, according to staff have fraudulently acquired properties such as luxury houses, schools, flashy and luxury cars and many more to dwindle the finances of the company urging EOCO to investigates them.

“It is unfortunate to say that aside from certain external forces which caused this crisis, internal misappropriation is a key factor”, they claimed.

SEE MORE: Police arrest aggrieved customers of Menzgold

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