EOCO goes after Shatta Wale’s Ship House, Becca’s Spa and others

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The Economic and Organized Crime Office (EOCO) has turned it’s attention on the celebrities signed unto the Nana Appiah Mensah owned Zylofon Media and the thousands of Cedis assets given to these celebrities in an attempt to have the assets seized, Ghpage.com has gathered.

According to reports reaching Ghpage.com, EOCO has expressed interest and seizing not just the assets of Nana Appiah Mensah aka NAM1, they want to seize all the assets of his sister company, Zylofon Media.

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With this intent, Zylofon artists may likely get their properties seized. Shatta Wale’s Ship house Mansion, Becca’s Beauty Spa, Stonebwoy’s 3 bedroom mansion as well as all the assets given to Joyce Blessing, Kumi Guitar, Obibini, Jame Gardiner, Toosweet Annan, Benedicta Gafah, Bibi Bright and Zynell Zuh risk being seized by EOCO.

Shatta Wale explains how he met Nana Appiah Mensah & why he joined Zylofon [+Photos]
Nana Appiah Mensah, CEO of Zylofon Media with Shatta Wale during Shatta’s signing
From what Ghpage.com has gathered, EOCO can have these assets seized if they are able to obtain the warrant because as stated in the contract signed by these celebrities, the assets stated in their respective contract will be in the name of Zylofon Media until their contract is over. Only then will the property deeds be changed into their names.

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So technically, Shatta Wale’s mansion, Becca’s Spa which Ghpage.com gathers was funded by Zylofon Media, the luxurious cars and others are the properties of Zylofon Media.

Already EOCO has frozen the accounts of Nana Appiah Mensah and has urged the public to come forward with any knowledge of accounts opened by NAM1 with different names.

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The Executive Director of EOCO, Mr. K.K Amoah told the media:

“What we are telling the public is that anyone with information on his other accounts should let us know because we believe he might have used different names to open such accounts and so friends, the family should let us know about other accounts.”

Stay with Ghpage.com for more updates soon

SEE ALSO: Don Little advises government and Menzgold customers

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RASHADhttps://www.ghpage.com/
Rashad is a seasoned entertainment and lifestyle journalist who holds a Bachelor of Arts certificate in Social And Development Administration. He is also an award-winning publicist and social media enthusiast. For all your adverts, services and any related needs, you can reach Rashad on +233203713877 WhatsApp +233245475186 Email: rashad@ghpage.com Do well to follow him on all his social media handles below and have A-Z news update on all trending issues

2 COMMENTS

  1. The EOCO they are villagers. They didn’t go to school or at least they are illiterate graduates. If a business is a separate entity from it’s owner, how much another business standing on it’s own as a separate entity called Zylofon media. Depending on the type of partner(if it is a partnership business) NAM1 is, then can you determine if you can seize his private assets as well. And any Business university graduate who knows every business is a separate legal entity also knows Zylofon Media does not come in here. This action will only be taken by illiterates of our old traditional era without the knowledge of what a business is. It’s not even as if it like Ndoum Groups of Companies but are totally differently registered companies. Plus attempting to seize properties of signed artistes as if the artiste’s are office furniture shows the debt of your ignorance. Artistes sign contracts and in exchange obtain those properties and make sure to satisfy given targets by the record label. From then onwards the property no longer belongs to the Label the artiste’s private property which is not affiliated to the record label any more. All s/he legally owes the record label is the service of his talent to earn the record label their investment at a Profit or loss at the end of the term of contract or even if the company shuts down, the contract has been completed. EOCO does not understand business law in the first place attempting to cross from MenzGold over to Zylofon Media in the name of sister company. What is bullshit is sister company in business law? You sabotag the man without hard evidence that he was engaging in fraudulent acts when no customer was complaining about their returns until you came in. Though it was apparent from the high interest rates that the man was doing something illegal to make that possible, you are yet to bring any empirical/efficacious evidence to prove that. Yet you go ahead to shut down the business for months, not even fully but half by saying they shouldn’t take deposits but pay interest. Which Bank in the world can do that? Bank of Santa Claus?No logically reasoning person will suggest this. You take and give. You don’t give give give give as if it’s a Non for profit charity organization. Bullshit. Even J.H.S can students can do this lousy job by the EOCO and Bank of Ghana.

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