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Home / General News / NAM1 won’t be able to pay back his customers because Menzgold’s investment source has collapsed – online investor colleague of NAM 1 claims
Nana Appiah Mensah (CEO of Menzgold Gh Ltd)

NAM1 won’t be able to pay back his customers because Menzgold’s investment source has collapsed – online investor colleague of NAM 1 claims

Nana Appiah Mensah (CEO – Menzgold Company Ltd)

When issues with Menzgolds operations began, many customers feared that their monies might never be given back to them. These fear keep on inching closer to reality everyday as new revelations are showing that monies of Menzgold customers have indeed gone down the drain. 

During an interview on Kofi TV, one Ghanaian based in the USA, Eric Pope Akaah who is into online investments has revealed that the crypto currency platform, Bitworld Center, where he shared the same platform with Menzgold CEO, Nana Appiah Mensah has collapsed. And according to him, Menzgold’s predicaments began the very night Bitworld Center and another one Cryptoworld collapsed. 

Narrating things to Kofi TV, Mr. Akaah said that these two financial institutions provided mouth-watering yields up to 2.9% per night over investments or as much as 3 times the seed money to its customers, but ended up defrauding several people, one of whom he suspects to be the Menzgold CEO, Nana Appiah Mensah.

He added that those who lost money in this scam were those who kept on investing more of their profits. And with Menzgold’s modus-operandi, he suspects that NAM1 invested the company’s money into the ‘dubious’ business.

He said “…what happened in Ghana is unfortunate. There was this platform called Bitworld Center. The higher the number of people you bring, the higher your returns. Whatever you put in at the end of the night, you’ll be given 2.9%”.

READ ALSO: The NAM1 mission is for a better Ghana – Sarkodie

“I realized NAM1 was also on the platform. Menzgold collapsed a day after Bitworld center collapsed and Cryptoworld followed suit. I don’t know if NAM1 is saving elsewhere but I’m not sure NAM1 can get Ghanaians’ money for them because his source of investment has crushed”, he added. 

“One day, we woke up only to find out that the two companies were no more in existence. Just like that. If you even trace their domain name on google, you would find nothing,” he stated.

READ ALSO: BoG and SEC had no business in Menzgold operations – Bulldog sets the records straight

A bench warrant for the arrest of NAM 1 and other directors of Menzgold has been issued, due to agitations from aggrieved customers of the gold dealership company’s inability to pay its customers their dividends and principals. 

He is to face charges including defrauding by false pretence and money laundering.

Watch Mr. Akaah’s full interview on Kofi TV below; 


About Kwamina DEXTRO

I believe that everything in this world is possible. The question is “how can it be done?” I am a reserved individual who likes to research on diverse topics, so as to build my knowledge bank and I love to write.

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