Ghanaian Reggae artiste and Radio Personality Blakk Rasta has stated that if the CEO of Menzgold, Nana Appiah Mensah is going down, he won’t go down alone.
He explained that the businessman will “rise as an albatross around the necks” of every individual involved in matters surrounding Menzgold and his arrest in Dubai.
He said “If Nana Appiah Mensah goes down today, he would rise as an albatross around the necks of the SEC and BoG and the other people who played as compatriots in the game”.
“Eboboba…those other people who went behind him after introducing him to business in Dubai to sell gold, they went behind him and took the money.
Your names will be coming out soon so that ladies and gentlemen we will know that this is a hider hydra issue,” he added.
He made these statements on his show on Zylofon FM where he said that NAM1 was into a legitimate business until the Securities Exchanges Commission (SEC) got involved to disrupt the activities of Menzgold.
Operations of Menzgold were declared illegal by the Bank of Ghana (BoG) and the SEC, after which they were asked to halt their operations.
However, their inability to pay back dividends and principal investments to customers led to demonstrations and riots in Accra and Kumasi. These aggrieved customers have also petitioned President Akuffo-Addo to intervene and help them retrieve their locked up monies.
Nana Appiah Mensah was then declared wanted after an Accra Circuit Court issued a warrant for his arrest. But according to reports from Dubai, he has been under arrest since 9th December, 2018.