Beleaguered Chief Executive Officer of troubled gold dealership company, Menzgold Ghana Limited, Nana Appiah Mensah (NAM 1) is receiving medical attention, his management have disclosed.
They say the ‘excruciating nine-month ordeal’ suffered by NAM 1 in Dubai and Ghana has taken a toll on his health, hence his inability to address his customers on the way forward on their investments since his return to the country.
In a statement, the company said, “We wish to inform the public that the CEO is currently receiving urgent medical attention following the excruciating nine-month ordeal in Dubai and Ghana. In the face of the incessant calls for the CEO to address the public, we wish to assure our cherished customers that in due course he will address them on the way forward.”
Meanwhile, the company has called for calm among its agitated customers assuring that its next line of action will be determined once NAM 1 bounces back in good health in the days ahead.
“We entreat all our customers to stay calm while we await the next steps to be announced by Nana Appiah Mensah in the coming days.”
Many of the aggrieved customers of Menzgold are anxious to hear from NAM1 after he came back to Ghana from Dubai where he was facing some criminal charges.
Earlier, the company’s PRO, Nii Armaah Amarteifio told Citi News that after his boss gets some rest, a meeting will be held to among other things, outline the way forward for Menzgold and also deliberate on how customers of the company can be paid their investments.
Nana Appiah Mensah was released from police custody after meeting the bail requirements on the back of the variation of his bail conditions by an Accra Circuit court on Tuesday.
The Circuit court reviewed the bail conditions earlier given to the embattled CEO after it imposed on NAM1 a GH¢1 billion bail condition with 5 sureties, three of whom must be justified.
This was after his lawyers claimed the bail conditions were unfair and pleaded with the court for a review.
‘NAM 1’s wahala’
The woes of NAM1 has seen him in various legal battles since the last quarter of 2018 when the Securities and Exchange Commission (SEC) descended on his gold dealership company and ordered him to stop taking up new clients, a move that supposedly hindered cash-flow and affected the company’s operation.
NAM1 is still 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).
He has been accused of defrauding his customers of about GHC1.68 billion.