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.
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.
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.
Information gathered by Ghanapage.com 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.
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.