Menzgold saga :Angry customer petitions Ghana’s president

An angry Menzgold customer has petitioned President Akufo-Addo and five other key state institutions in a bid to retrieve his locked up cash from the embattled gold dealership firm.
The customer one Roger Knauf also sent the petition to the Attorney General, CID Headquarters, Interpol (Ghana), Economic and Organised Crime Office (EOCO), Financial Intelligence Center, Bank of Ghana, Securities and Exchange Commission and the Registrar General’s Department.

His Counsel, Amanda Clinton, of Clinton, Amoo Lamptey, Barnsbury Chambers, in the petition is asking the institutions to take steps to get CEO of Menzgold, Nana Appiah Mensah, to return to Ghana.

The lawyer claims Nana Appiah Mensah, known popularly as NAM1, has relocated to South Africa.
“We have it on good authority that Mr. Nana Appiah Mensah has flown on his private jet with his family to South Africa as this incident with his companies Menzgold Ghana Ltd/ Brew Marketing Consult Ltd worsens. We have also heard rumours that he may have returned briefly in order to liquidate assets” the statement read.
The client through his lawyers asked the Attorney General to work in conjunction with all other state institutions to bring Nana Appiah Mensah before the law.

“We humbly request that the Attorney General’s department works with all government departments included The President’s Office; CID Headquarters; Interpol (Ghana); EOCO; Financial Intelligence Center; Bank of Ghana; Securities and Exchange Commission and the Registrar General’s Department as well as our office so a coordinated attempt can be made to preserve Menzgold Ghana Ltd/Brew Marketing Consult Ltd’s assets; claw back money taken from Ghana; trace monies removed from the accounts in cash and coordinate with Interpol globally to claw back any remaining investors monies even whilst the criminal investigation is being conducted since this is standard protocol globally and in high profile public interest cases in Ghana”.

The statement also requested the presidency to engage Interpol offices throughout the world of Menzgold’s financial dealings.
“We also ask that your office determine whether Interpol (Ghana) should notify all Interpol offices throughout the world of the financial activities of Menzgold Ghana Ltd/ Brew Marketing Consult Ltd, and determine if Mr Nana Appiah Mensah has landed in their country (his private jet’s flight manifest will confirm this.)”

Aggressive and desperate clients of the investment firm on Thursday mounted another push for the payment of their monies ahead of Christmas.

Scores of customers besieged the company’s Dzorwulu office in Accra, a place that has become a scene of haggling between angry clients and desperate security men.

The firm had promised to pay 5% of locked up investments of clients who register for their new online trading platform.

The customers in November 2018, grabbed media headlines after they escalated their pickets to a demonstration in Accra.

Menzgold invites those with gold collectibles to deposit it at their vault with a mouth-watering promise of at least 7.5% returns monthly.

In effect, within a year, a client could make 90% returns on investments and at most 120%, a promise which SEC believes is – in the least – risky.