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EOCO GOES AFTER SHATTA AND OTHER ZYLOFON ACTS

Entertainment News

News reaching MyNewsGh.com says that Ghana’s self-acclaimed King of Dancehall, the Zylofon signee Charles Nii Armah Mensah ‒ known in showbiz as Shatta Wale ‒ could soon lose his East Legon mansion and some of his cars.

News reaching MyNewsGh.com says that Ghana’s self-acclaimed King of Dancehall, the Zylofon signee Charles Nii Armah Mensah ‒ known in showbiz as Shatta Wale ‒ could soon lose his East Legon mansion and some of his cars.

The Economic and Organised Crime Office (EOCO) plans to confiscate them in line with measures to retrieve properties owned by Menzgold and its subsidiary companies.

According to sources, the building and cars are still in the name of the parent organisation, Zylofon Media, and can only be transferred to the name of the musician on completion of his contract, which is expected to end years from now.

There are moves to start seizing assets of the embattled gold dealership as officials make efforts to recoup the locked-up cash of customers who have been on the heels of the government to intervene in Menzgold’s collapse.

Track the cash

It is unclear when EOCO officials will start confiscating the properties, but a source says that some have been identified and background checks on their ownership done. This paves the way for the law-enforcement agencies to move in.

This week EOCO froze the known bank accounts of Nana Appiah Mensah, chief executive officer of Menzgold, and is seeking public support to locate other accounts, either locally or internationally, to do the same.

The move was made pending the outcome of investigations into allegations that he has defrauded certain people by false pretences.

The executive director of EOCO, K K Amoah, suspects NAM1 could be operating under many different account names. He has urged the public to volunteer information on these matters to his outfit in order to track such transactions under ongoing investigations.

Rolls-Royce

“What we are telling the public is that anyone with information on his other accounts should let us know, because we believe he might have used different names to open such accounts,” Mr Amoah urged on the Accra-based radio station Adom FM.

“And so friends, family, should let us know about other accounts,” he said.

In March last year, Zylofon Music offered Shatta Wale a juicy package worth $1.5 million, which came with a house and a Rolls-Royce.

Zylofon officials refused to confirm rumours about the package, saying the three-year contract includes a non-disclosure clause which prevents both parties from giving details of the deal.