Nana Appiah Mensah aka NAM1
Embattled Chief Executive Officer of Menzgold Ghana Limited, Nana Appiah Mensah popularly known as NAM1 has slammed his critics who feel he is harbouring political ambition.
He told journalists in Accra on Monday August 19, 2019 that he was not having any political ambition as has been rumoured.
“I have no political ambition. I am a missionary not a mercenary,” he fired.
He likened the rise of Menzgold to the likes of Facebook, Uber, Snapchat, which he claimed had to break rules from their humble beginning.
According to him, Menzgold’s subsidiary, Zylofon Media was not in competition with any organization in Ghana because for him its operations were centered around Information Technology (IT) and media.
“Our competitors are not in Ghana; They are far away in the Silicon Valley, California,” he said.
NAM 1 was recently released from police custody after an Accra High Court reviewed his earlier GH¢ 1 billion bail condition.
He was earlier standing trial in Dubai after his arrest there in connection with an alleged fraudulent gold deal.
Menzgold Ghana has been facing legal battle since the Securities and Exchange Commission (SEC) ordered it in September 2018 to halt its ‘illegal’ deposit taking business with the public.
NAM1 is believed to have traveled to the Emirates to retrieve the $39 million accordingly owed him by the Dubai firm to settle Menzgold clients.
Unfortunately, he ended up being arrested and has been standing trial in Dubai.
BY Melvin Tarlue