NAM1 tasks government to oversee the sale of his properties

NAM1 tasks government to oversee the sale of his properties

- Nana Appiah Mensah has reportedly tasked the government to sell his assets to settle debts owed customers of Menzgold Ghana Limited

- The government has however insisted that he puts it in writing

- He is currently facing charges of fraud in Dubai

The beleaguered Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah, has reportedly given the government the greenlight to oversee the sale of his assets to settle his debts.

The Daily Guide newspaper reports that government is however hesitant about the move, and prefers NAM1 to put the request in writing before it acts on his request.

About 46,000 people are believed to have investments at the company, and some of them allegedly took bank loans to invest at Menzgold.

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The decision, YEN.com.gh has learnt, was based on the belief that they would obtain higher returns on their investments.

A joint statement issued by the Ghana Police Service (GPS) and the Economic and Organised Crime Office (EOCO) said NAM1 could only return home to face criminal justice in Accra after the Emirati authorities are done with him as far as a criminal case in which he allegedly duped an Arabian businessman in that country is concerned.

NAM1 was arrested in Dubai when he travelled there to demand payment for some $39 million worth of gold his company sold to an Emirati.

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However, Dubai officials filed fraud charges against NAM1, claiming he had been defrauded of $51 million by the Ghanaian, whose company has not been able to pay its clients their principal investments since August 2018, after the SEC shut down Menzgold’s gold vault market operations.

A high-powered delegation from the Ghanaian government followed up with the intention to having him repatriated to face justice back home in a totally different case, which also borders on fraud.

However, the police and EOCO said in their statement on Friday, January 18, 2019, that: “It is the understanding of the Ghanaian delegation that Mensah faces misdemeanour charges in the UAE and will be made available to Ghana upon the final determination of his current case in the UAE. His case is next due for court on 2 February 2019”.

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Source: Yen.com.gh

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