NAM1 wins court case in Dubai as Royal Horison ordered to pay him $39m

NAM1 wins court case in Dubai as Royal Horison ordered to pay him $39m

- Nana Appiah Mensah also called NAM1 has reportedly won his case in Dubai

- The Dubai high court has ordered his Arabian debtors, Royal Horison, to pay NAM1 an amount of $39m

- The embattled Menzgold CEO will also be paid compensation for his arrest in Dubai

Information gathered by YEN.com.gh has it that the embattled Menzgold CEO, Nana Appiah Mensah popularly known as NAM1, has won his appeal court case in Dubai.

According to a report seen by YEN.com.gh on Graphiconline.com, NAM1's Arabian debtors, Royal Horison, has been ordered by the court to pay NAM1 a sum of $39m.

The court at its sitting on Tuesday, July 2, 2019, over an appeal filed by Royal Horison also ordered the company to pay NAM1 compensation for the period he has been kept in Dubai.

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The court's ruling followed an appeal filed by Royal Horison when the Dubai court ruled in favour of NAM1 in April 2019.

But the appeal has been overturned because the court says it lacked merit, therefore, upholding the earlier ruling that NAM1 should be paid.

The Menzgold CEO had been arrested in Dubai for an alleged wrong gold deal with Royal Horison.

But it has turned out that he was innocent and was doing genuine business.

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His brother, popularly known as KOD has revealed that NAM1 has now been cleared to return to Ghana.

KOD added that plans are being made for NAM1's return together with payment plans for all Menzgold customers.

In an earlier report by YEN.com.gh, NAM1 had earlier said he could not run away with any investor's money, and at the right time, he would pay all amount he owed, and it seems the time has come.

YEN.com.gh is following up on this development and will update readers with new information when they come in.

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Source: Yen

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