15
Sun, Sep

NAM1 APPLAUDS GOVERNMENT FOR ACTING ON MENZGOLD

Business & Economy

Nana Appiah Mensah, chief executive officer of the defunct gold dealership Menzgold, has praised the government for the actions it has taken to ensure that businesses operate within the ambit of the law.

Nana Appiah Mensah, chief executive officer of the defunct gold dealership Menzgold, has praised the government for the actions it has taken to ensure that businesses operate within the ambit of the law.

 

Addressing a press conference yesterday, NAM1, as he is affectionately called, said his firm appreciates the message being sent out by the government.

“To the Government of Ghana, we applaud you for not ‘sparing the rod and spoiling the child’. We’ve got your message; we’ve grown and are ready to take up responsibility, if any,” he said.

He however implored the Attorney General’s Department to help him retrieve a debt of US$39 million owed his firm by Horizon Royal Diamond in Dubai.

Unfinished business

Claiming he has an unfinished business in which the youth and aged alike share a common vision, he assured fans and critics that, given a second chance to organise his affairs over again, he would do nothing differently, except to grow in business prosperity.

“To the many Ghanaian and African youth, as well as the aged who believe in me and the NAM 1 Mission, we shall continue to contribute [our quota] for the benefit of those in authority, for [the] creation of the new Ghana and the new Africa for the new Ghanaian and the new African, in the new African socio-economic front,” he said.

Philosopher?

Waxing philosophical, Mr Appiah Mensah also said, using a rather unfortunate metaphor: “I am well aware that many of you crave African posterity so to you all I ask: the Egyptian who conceived the idea of the pyramid and actually built it had same natural abilities we have with less access to information than we do today, yet succeeded.

Which African would build the next ‘Egyptian pyramid’?”

He was grateful to the governments of both Ghana and the United Arab Emirates for the consular services extended to him during his eight-month-long detention in Dubai.

Mr Appiah Mensah insists he has been acquitted and discharged by the UAE’s law courts and hopes that Ghana and the national security agencies as well as the courts of law here take notice of that, protecting his name unless and until proven guilty.

“God’s affliction”

Winding down, he thanked his workers, including over 1,000 staff of Menzgold, Zylofon Media and Brew Marketing Consult, for their unwavering support.

He said, “Since the unfortunate events of the past few months … you made a good choice which would be well rewarded by God Almighty, especially Mr Kwame Boafo.
“Like the biblical Moses, you chose to side and share in the affliction of God’s people, instead of enjoying the temporary pleasures of sin …”

Defence

Using the occasion to clear his name and operations, he said Menzgold had embarked on a drive for international expansion into Madrid, London and Lagos when they were hit by a “shutdown” which affected business, staff, customers and shareholders, all at one go.

He however assured Menzgold clients that he would do everything in his power to change this “sad tale” into a “happy narrative with God on our side”.

Mr Mensah was granted bail by an Accra court on Tuesday August 6 after he met reviewed bail conditions.

He is facing 13 counts of defrauding by false pretences, money laundering, abetment and carrying on deposit-taking business without licence, contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act 2016 (Act 930).

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