We have about 60,000 clients, not 1.8 m - Menzgold

We have about 60,000 clients, not 1.8 m - Menzgold

Embattled Menzgold Ghana Limited has cleared the air on the actual number of clients it had before its woes started.

According to the acting communication director of the company, Nii Armah Amarteifio, the company had about 60,000 customers.

This was in a sharp rebuttal to a claim made by a lawyer for some aggrieved Menzgold customers, Amanda Clinton, that the number of customers was 1.8 million.

READ ALSO: Court issues bench warrant for arrest of NAM1 and all Menzgold directors

She added that the company also held up to $200 million of its clients’ investments within its five years of operation.

However, Nii Amarteifio, reportedly told Class FM on Wednesday, 9 January 2019 that: “It’s not true that we have a clientele base of 1.8 million; I don’t know where she got that figure from”.

“I had corrected that figure on my Facebook wall and on all the interviews I have granted on the various media platforms. I have said that our clientele base is around 60,000 or so."

“And even as I speak to you now, you know we started the 15 percent to 100 percent payment. Some of the customers, as far as I know, have been given their full payment, 100 percent has been given to them, so, the number of customers we have has even diminished at this point in time, so, I don’t even know where she got that number from that we have 1.8 million customers. I don’t know where she got that from,” he stressed.

READ ALSO: Revealed: All Menzgold directors are NAM1’s wife and younger sisters

Menzgold has been struggling to pay its customers after it was asked to stop operation its gold vault market by the Securities and Exchange Commission (SEC) over regulatory infractions.

In a more recent development, an Accra Circuit Court has ordered for the immediate arrest of Nana Appiah Mensah and three other directors of the company.

The directors, YEN.com.gh has learnt, were his wife, Rose Tetteh, Benedicta Appiah, and Abigail Mensah, his younger sisters.

Earlier, YEN.com.gh also reported the announcement made by high profile NPP member, Gabby Otchere-Darko, that whoever knew the whereabouts of NAM 1 should report it.

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Source: Yen.com.gh

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