NAM1 didn’t give Police GH¢5m – Godfred Dame reveals

The Chief Executive Officer of the now-defunct Menzgold Ghana Limited, Nana Appiah Mensah, popularly known as NAM1, claimed to have deposited GH¢5 million to the Ghana Police Service; however, the government has refuted his allegations.

In a statement, NAM1 said that the Ghana Police Service had received GH¢5 million on October 20 to be given to the clients of the bankrupt company.

He said that the funds were intended to be disbursed to clients who cleared the company’s verification procedure, which included a GH¢2.5 million judgment obligation.

NAM1 didn’t give Police GH¢5m – Godfred Dame reveals

However, in response to inquiries on the floor of Parliament, Godfred Yeboah Dame, the Attorney General and Minister for Justice revealed that, instead of the GH¢5 million that was stated, only GH¢2.5 million was received from NAM1.

“The record I have before me indicates that an amount of GH¢2.5 million was paid, so the claim of GH¢5 million having been paid to the Ghana Police Service is untrue. It was only GH¢2.5 million that was paid to the Ghana Police Service by the accused person.”

Customers who were wronged by Menzgold’s 2018 business suspension have been demanding their money back. Since then, the business has been charged with operating a Ponzi scam.

NAM1, also known as Nana Appiah Mensah, is presently undergoing a fraud trial.

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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