NAM1 bail: Court reviews conditions of bail; GH¢1bn still stands
- Embattled businessman and CEO of Menzgold, Nana Appiah Mensah has over the last two weeks been in court over various suits filed against him
- He was given a bail condition of GH¢ 1 billion with 5 sureties, three of whom must be justified
- His lawyers however managed to get the conditions reviewed
An Accra Circuit court has reviewed bail conditions earlier given to the embattled CEO of Menzgold Ghana Limited, Nana Appiah Mensah, also known as NAM1.
About a week ago, the court imposed a GH¢ 1 billion bail condition with 5 sureties, three of whom must be justified on NAM1.
Making a case for the review of the bail condition, lawyers of NAM1 argued that the bail conditions were unfair and needed to be reviewed.
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The prosecution in the case did not oppose the plea for the variation of the bail condition, they however disagreed with the fact that NAM1’s lawyers were giving their own figure.
The judge however maintained the GH¢1 billion bail condition but varied the surety conditions.
Judge Harriet Naa Akweley Quaye ruled that NAM1 is supposed to provide five sureties but none to be justified suggesting that he must only show properties worth GH¢ 1 billion and report to the police every Wednesday after meeting the bail conditions.
The case has been adjourned to September 3, 2019.
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In other news, business mogul, Alfred Agbesi Woyome, has pleaded with the Supreme Court to suspend the sale of his properties to offset the GHS47.2 million he owes the state.
He put in writing, an application to prevent an order by the court for the sale of his properties.
Woyome pledged to immediately pay GHc10 million and pay GHc4 million every three months till he completes paying his debt to the state instead of his properties being sold to offset the debt.
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Source: YEN.com.gh
