Nana Appiah Mensah, CEO of embattled Menzgold has emerged victorious over fraud allegations which caused his arrest in Dubai. This was revealed by Stanley Kodia in a live video posted on Facebook.
NAM 1 as he is popularly known is said to be heading home with the hope of paying all customers their principals in order to clear his name. He infact plans to do that on 15th April 2019 and has dubbed the day Redemption and Restoration Day.
The Menzgold saga
Menzgold Ghana, a company trading in gold collectibles, was directed to shut down by the Securities and Exchange Commission for not having a permit to operate.
The SEC wrote to the company, demanding that all trading in gold without licence be ceased. It asked the company not to take new contracts (investments) and also halt broadcast and publishing of all its adverts.
This was after the Central Bank warned customers and the general public from transacting business with Menzgold stating emphatically that it’s unlicensed and any individual who dealt with it did so at his or her own risk.
WATCH THE VIDEO BELOW