CEO of embattled Menzgold gold dealership, Nana Appiah Mensah also known as NAM 1 has been spotted in a video dancing to Tekno’s Diana hit song after tasting freedom after a long while of being in the custody of Dubai and Ghanaian authorities.
The Menzgold boss was granted a GHC 1billion bail with sureties and is supposed to report to the police every Wednesday while his case is pends judgment in court.
See the video below
NAM 1 was granted bail of Gh₵1billion with five sureties.
The court, presided over by Mrs Jane Harriet Akweley Quaye, ordered that three of the sureties must provide justification while NAM 1 must also report to the police every Wednesday.
Prosecutors have charged NAM1, his wife and sister and his two companies – Menzgold and Brew Marketing Consult with 13 counts ranging from abetment to defraud by false, pretense, defrauding by false pretense, engaging in money deposit business without license, dealing in gold without license and money laundering.
NAM 1 was granted bail after his lawyer Kwame Akuffo, moved a bail application
Counsel argued that his client was not a flight risk and would always avail himself to stand trial.
He also prayed the court to take into consideration when granting bail that almost all the assets of his client had been confiscated by the state and, therefore, the court should grant him bail in favourable terms.
NAM 1 appeared in court in a black suit and white shirt looking very quiet and occasionally smiling at lawyers and sympathizers in the courtroom.
Hundreds of customers of Menzgold and sympathisers also thronged the court premises.
They broke into a euphoria when NAM 1 appeared; with some of them shouting, “Free NAM1” while others shouted “Give is our money”.