Fraud, crook NAM1’s document verification just another scam – Social media users

Nana Appiah Mensah is Chief Executive Officer of Menzgold Ghana Ltd.

NAM 1 may have a tough time clearing the ‘fraud, scam’ title Ghanaians have bestowed upon him following the Menzgold debacle. 

The gold trading firm CEO had insults flying at him from all angles following the shutdown of his company by the Securities and Exchange Commission (SEC) after it was found out that it didn’t have the license to trade in gold collectibles from the public. 

He was arrested in Dubai for six months and subsequently released from custody to Ghana after he won a court case brought against him by Dubai-based company, Horizon Royal Diamonds. 

Shortly after his arrival in Ghana in July, he held a presser in September to clear the air on his plans on paying back his customers. 

If government unfreezes his assets he said, he will pay his customers.

Barely a month after this announcement, the company has indicated plans to begin a document verification process as part of efforts to pay back aggrieved customers. 

“As part of our efforts to finally discharge our financial obligations to our cherished customers, we have tabled down the following schedule to commence the process of validation in order to settle all verified claims of our customers. Validation of documentation starts from 28th October to 28th November, 2019 from 9am to 4pm each working day.” the statement read. 

But on social media, some Ghanaians will hear none of this ‘new plan’ to restore their locked-up funds. While a number of them are relatively appeased by the news, others stick to their guns, for them, it is just another ‘smart’ move by NAM 1. 

Here’s a few reactions from social media:


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