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Embattled Chief Executive Officer (CEO) of Menzgold, Nana Appiah Mensah alias NAM 1 has been granted bail by an Accra Circuit Court

NAM 1, who was arrested with a warrant and driven straight to the CID Headquarters when he touched down on an Emirate Airline on July 12, 2019 has today been grated bail of Ghc1 billion with 5 sureties.

The artiste Manager for Zylofon Music, Bulldog celebrated the news of bail of Menzgold Boss.

He posted on his Facebook timeline a while ago ” He just made bail…god is good”

Dance hall icon Shatta Wale also shared in the news of NAM 1's bail.

Nana Appiah Mensah was charged for defrauding  by false pretence and two counts of abetment to carry out banking business without licence, contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

Two of his companies — Brew Marketing Consult and Menzgold Ghana Limited — represented by him, have each been charged with defrauding by
false pretence, contrary to sections 20 (1) and 13 (1) of the Criminal Offences Act, 1960 (Act 29).

He had been in custody in Dubai since last year but he recently won his court case against Dubai-based gold dealership firm, Horizon
in the $39 million gold trial.

The circuit court in Accra today saw desperate customers of Menzgold, patrol the premises with harrowing life stories of their investments gone bad.


Last modified on Friday, 26 July 2019

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