– Finance Minister, Ken Ofori-Atta, has hinted of the arrest of Nana Appiah Mensah, the president of Menzgold Ghana Limited – He added that he however has information that Mensah, also known as NAM1 is currently out of the country – According to him, greed compelled some people to invest with Menzgold The minister of finance, Ken Ofori Atta, has revealed plans to ensure that the president of Menzgold Ghana Limited, Nana Appiah Mensah, is questioned about the Menzgold saga. According to him, his latest checks reveal that Mensah, better known as NAM1, is out of the country. He however indicated that the national security apparatus are closely monitoring his movements and will soon get in touch with him.
Menzgold has been in the news in recent times as a result of the nature of its business, and issues with some regulatory agencies. The Bank of Ghana (BoG) and the Security and Exchanges Commission (SEC) have warned Ghanaians not to trade with Menzgold, revealing that it is unlicensed and its shady business needs the urgent attention of the regulators. The firm allegedly assured its clients of a 10% interest on their gold collectibles invested with them. NAM1 recently assured the customers that the company will protect and pay up their dividends. He also asked the regulators to “correct” them as they are ready to cooperate with SEC to put things right. Ofori-Atta noted that Menzgold’s customers were spurred on by “greed”, and therefore ignored all signs which pointed out that the gold firm’s transactions were absurd. In his opinion, the customers should have known better and with a little hesitation, would have saved their monies.