Following the news release by Economic And Organised Crime Office (EOCO) on receiving authority from the High court to confiscate all the landed properties and vehicles of Menzgold Company and all it’s subsidiaries including that of NAM 1’s personal assets, one of the subsidiaries affected by this development, Zylophon Media, have also come out to release a statement to halt it’s entire operations by the 30th of January 2019.
The statement was issued by the Communications Manager, Samuel Atuobi Baah. It states that as a law abiding entity, it was only necessary for them to suspend their operations to allow due legal process to follow.
The media giant was only in operation for 13 months and thanked all it’s various stakeholders for their support within this period. They have however not ruled out their possible return after every case involving Menzgold is resolved amicably.
Below is the statement making waves in the media landscape :
Nsemwoha News wishes Zylophon Media and all it’s affiliates a speedy return.