The leadership of Menzgold Ghana’s disgruntled customers will meet with the Ghana Police Service today, Monday, October 23, to address the company’s CEO Nana Appiah Mensah’s release of GH5 million for future payment.
Menzgold stated that payment will only be made to customers who have adhered to the predetermined processes during the settlement process in a statement announcing the transfer of the monies, which will be under police supervision.
Frederick Forson, the organizer for the irate customers, asserted that clarity on the appropriate course of action will emerge after the meeting with the police.
“He deposited GH¢5 million at the CID headquarters and per our checks, that money has been sent to the Bank of Ghana,” Forson said, adding, “We are yet to be briefed on the note accompanying the money and as of now, we don’t know what he actually wants the money to be used for.”
“The case is in the High Court now and I am sure the police if any action is taken at all, have to come from the Attorney General, but until we meet with the police, I will not know what he wants the money to be used for,” he added.
After Menzgold’s activities were halted in 2018, the irate clients have been demanding the return of their monies. Since then, the business has been charged with operating a Ponzi scam.
The fraud case against Nana Appiah Mensah, better known as NAM1, is now in court.