Menzgold customers to get their monies back as government begins process to sell off seized assets of NAM 1

Some assets belongoing to Nana Appiah Mensah
Some assets belongoing to Nana Appiah Mensah

Information reaching indicates that the government has taken a decision to track down and confiscate all assets and personal investments of embattled CEO of Menzgold Nana Appiah Mensah, sell them off and pay monies owed to customers of the gold dealership company. 

The government is very firm in its decision not pay Menzgold customers with the tax payers’ money, hence their decision to generate money from NAM1’s assets. 

The Economic and Organized Crime Office is making plans to apply to the court for permission to auction some of his assets. In the mean time, EOCO is reported to have seized a number of lands in Kasoa, Accra and Prampram including six luxurious houses and 43 cars including Mitsubishi Pajeros, Range Rovers, a Mercedes Benz and Toyota land cruiser V8 vehicles among others.

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EOCO however revealed that some properties and cars they initially thought were for NAM 1 were later found out to be leased, but details of these properties are not clear.

Since the 10th of January 2019, EOCO has facilitated the freezing of six bank accounts with two of these accounts having relatively significant balances.

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Sources have also claimed that some prominent and non-prominent political, social and traditional figures in Ghana took personal loans from NAM 1 for which he tasked his mother, Eve Brew and sisters, to chase and collect. His mother has however refused to cooperate with investigative agencies.



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