Menzgold scandal: I am a victim but I will get my money when the dust settles - Kumi Guitar

Menzgold scandal: I am a victim but I will get my money when the dust settles - Kumi Guitar

- Ghanaian highlife musician, Kumi Guitar, has stated that he invested money with Menzgold Ghana Limited

- He added that he believes he will get his money back

- Kumi Guitar also added that he intends to stay with Zylofon Music despite the current challenges facing its sister company, Menzgold Ghana Limited

Zylofon musician, Kumi Guitar, has revealed that he also invested money at Menzgold Ghana Limited.

He however expressed optimism that he will get back his money when the dust settles.

In two interviews, he disclosed that his signing fee upon joining Zylofon Media, was $100,000 and he invested part of the money at Menzgold.

READ ALSO: Warrant issued for NAM1's arrest is fake - Maurice Ampaw

According to, he explained that he believed it was a good investment, so he decided to put part of his money there and make profits.

Kumi Guitar also mentioned that Zylofon Music has been very good for his career and he does not intend to leave the label despite the controversies.

Thousands of customers have their monies locked up in the embattled gold trading firm, following the Securities and Exchange Commission (SEC) directive to the company to shut down for trading without appropriate licenses.

The aftermath of the shutdown has been fraught with complaints, demonstrations and agitations leading to the issuance of warrant for the arrest of Nana Appiah Mensah, and all the directors.

READ ALSO: Ghanaians boil with anger as Shatta Wale and others are blamed for the Menzgold scandal

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