Video: Shatta Wale wades into Menzgold-BoG brouhaha, calls on the youth to support NAM1

In recent days Zylofon Media boss Nana Appiah Mensah has come under intense fire from the Bank of Ghana ranging from his source of money as well as the operations of Menzgold.

On Tuesday, August 7th, 2018, Bank of Ghana released a statement to the public that it is in discussions with relevant regulatory authorities to sanction Menzgold Company Limited for engaging in “solicitation, receipt of money or investment and the payment of dividends or returns to its clients” without a license to do so.

read also: Sumsum Ahuofedua claims Nana Appiah Mensah has given him a Menzgold Chain (Video)

In the statement, the Bank once again reiterated its warning that Menzgold is not licensed to take deposits from Ghanaians and that whoever does business with them does so at their own risk.

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It has been pointed out that Menzgold does not take deposits and the central bank is conflating deposit-taking with their gold trading to sully their name.

read also: Menzgold – Bank of Ghana brouhaha; EOCO invites NAM1

Many have defended Menzgold in the wake of BoG warning; Sarkodie’s wife, Tracy Sarkcess schooled the BoG on the activities of Menzgold and the latest to do so is Shatta Wale, the self-acclaimed ‘dancehall king’ signed to Nana Appiah Mensah’s label Zylofon Music.

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According to Shatta Wale in a self-recorded video, Nana Appiah Mensah is rich but he has not used his wealth to purchase houses or asset outside Ghana as many rich dudes had been doing and called on the youth to rise up and build their nation.

Watch the video below…

read more: This is what Shatta Wale’s daddy did to him when he stole his car

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