Menzgold appoints Payboy to negotiate payments with customers

Menzgold appoints Payboy to negotiate payments with customers

Menzgold Ghana Limited has announced Payboy Company Limited as a third party to negotiate debt settlement with its numerous aggrieved clients.

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"... we’re happy to introduce PAYBOY COMPANY LIMITED, a digital payments marketing and promotions company, headquartered at No. 34 Nii Ako Nortei Street, Blohum Road, Dzorwulu, Accra, as the appointed third party entity with the capacity to negotiate ‘Debt Settlement Agreements’ and to facilitate payments of same, in our committed resolve to ensure the eventual full debts settlements by Menzgold within the shortest possible time," portions of Menzgold's statement read.

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On April 22, 2020, the Coalition of Aggrieved Customers of Menzgold (CACM) described Payboy Company Limited, an alleged offshoot of the defunct gold-trading company, as a Ponzi scheme and cautioned its members against doing business with the firm.

It followed calls to customers by Payboy Company to pay an amount of money in order to retrieve their locked-up funds from the defunct gold-trading company.

In a statement issued by the Coalition signed by the leadership of CACM on Wednesday, April 22, 2020, the group advised its members “to stay away from Payboy Company Limited.”

According to the Coalition, information reaching them indicates that about 319 customers have fallen prey to the latest scandal by Payboy.

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Many of the customers of Menzgold have received invites, adverts, and messages asking them to partake in the Payboy scheme.

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