NAM1 Slapped With Fresh Charges


In a new twist in the case against Nana Appiah Mensah, the CEO of Menzgold, the state has withdrawn all previous charges against him and filed new charges Friday, November 17, 2023.

The Director of Public Prosecution, Yvonne Atakora Obuobisa, explained that the amendment to some figures in the case necessitated the filing of new charges.

She emphasized that this decision was made in the best interest of justice.

The case has been adjourned to December 4, 2023, to give NAM1’s legal team enough time to review the new charges.

The adjournment was requested by NAM1’s lawyers and agreed upon by the prosecution.

In light of recent events, the presiding judge has instructed the court administration to enhance security measures at the court entrance.

This follows an incident where NAM1’s Public Relations Officer was struck on the forehead after a previous court hearing.

The courtroom was filled with security personnel both inside and outside the premises.

Menzgold customers, who have been demanding the release of their funds since the company suspended operations in 2018, were present in large numbers at the hearing. Menzgold has been accused of operating a Ponzi scheme.

Nana Appiah Mensah is currently facing charges of defrauding over 16,000 people of GH¢1.68 billion.

Earlier, NAM1 claimed to have deposited GH¢5 million with the Ghana Police Service for distribution to the customers of Menzgold.

However, the Attorney General and Minister for Justice, Godfred Yeboah Dame, revealed in Parliament that only GH¢2.5 million was received by the police, contradicting NAM1’s statement.

The Ghana Police Service has since deposited the money with the Bank of Ghana.

By Vincent Kubi