NAM1 to speak publicly for the first time on Menzgold 'Collapse'

The acting PRO of gold trading company in Ghana Menzgold, Nii Armah Amarteifio has revealed that the life of the company’s CEO, Nana Appiah Mensah is currently in danger.

Speaking on Accra FM on Wednesday, January 9, 2019, he explained that for that reason, NAM1’s present location is only known to only a few people.

Read Also: Menzgold Saga: When your celebrities fail you because of hunger and greed

Nana Appiah Mensah and wife, Rosy

Nii Amarteifio further affirmed that Menzgold is an authorized company registered under the laws of Ghana, and can therefore not be a Ponzi scheme as being alleged by some Ghanaians.

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Read Also: 6 Menzgold customers arrested for an attempt to lock up Zylofon office

His explanations follow stories of hurdles recently facing Menzgold with respect to the paying of extra values or principal investments of its 1.8 million clients since August 2018.

The challenges believe to have been started after Securities and Exchange Commission (SEC) ordered the company to pause its gold vault market operations due to regulatory breaches.

Since then, Nana Appiah Mensah has not been seen in Ghana, and he allegedly only tweets or speaks to his radio station, Zylofon FM, via telephone.

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Information gathered by disclosed that NAM1 is allegedly in South Africa, after passing through Togo and Nigeria borders.

However, after a serious demonstration by aggrieved clients of the company in Kumasi on Tuesday, January 8, 2018, Gabby Asare Otchere-Darko tweeted that Nana Appiah Mensah has breached his bail condition and has absconded.

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Also, with government’s previous statement on the matter, the finance minister, Ken Ofori-Atta, earlier described customers of Menzgold as greedy and added that the government will not compensate aggrieved clients of the company.

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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: Do well to follow him on all his social media handles below and have A-Z news update on all trending issues