179 customers of defunct Menzgold have passed away– Convenor

According to Fred Forson, the Menzgold Customers’ Convener, 179 of the customers have passed away since the company’s demise.

He claims that numerous other people have likewise had various illnesses.

On Tuesday, he said on the Super Morning Show on Joy FM, “It’s unfortunate that we’ve lost some people and 179 people have already died and many more are down with various degrees of injuries.”

Since the Securities and Exchange Commission shut down the company in 2018, the irate customers have been seeking to recover their deposits (SEC).

179 customers of defunct Menzgold have passed away– Convenor

The SEC stated in a letter dated September 7, 2018, that it had carefully examined Menzgold’s operations and discovered that the company is owned by Nana Appiah Mensah and does not possess a license to deal in gold collectibles from the general public.

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Since then, the clients’ attempts to get their money back have been ineffective.

Their despondency grows by the day as a result of their accusations that the Ghanaian government failed to safeguard investor monies, but they remain optimistic that their money would be recovered.

“The money is not lost but it is sad we lost all those people,” the convenor of the group bemoaned.


Nearly three years ago, the Attorney-General commenced the prosecution of Menzgold’s Chief Executive Officer, Nana Appiah Mensah.

He is accused of defrauding thousands of customers through his gold dealership firm over millions of cedis.

Yet not a single ‘victim’ has testified in the case, which has witnessed more than 20 adjournments.

Meanwhile, some sources within the A-G’s office say there are aspects of the case that require fine-tuning, hence, the delay.

The Customers are calling for the prosecution of the founder of the firm, NAM 1, to be suspended.

They want the case to be made a civil one, instead of a criminal case; to enable them to lead the prosecution themselves.

They are of the view this will fast-track the process of retrieving their monies.

Akosua Boatemaa

I'm Yours Truly, Blogger Akosua Boatemaa. I'm here to feed Your eyes and Ears with Authentic News Updates.

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