The leadership of Menzgold Ghana’s dissatisfied customers will meet with the Ghana Police Service today, Monday, October 23, to negotiate the release of GH¢5 million by the company’s CEO, Nana Appiah Mensah, for onward distribution.
Menzgold said that payment will only be made to clients who followed the guidelines throughout the settlement procedure in a statement announcing the cash’s release, which would be overseen by the police.
Frederick Forson, the convenor on behalf of the disgruntled customers, asserted that the police meeting will provide clarification on the future steps.
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“He deposited GH¢5 million at the CID headquarters and per our checks, that money has been sent to the Bank of Ghana,” Forson said, adding, “We are yet to be briefed on the note accompanying the money and as of now, we don’t know what he actually wants the money to be used for.”
“The case is in the High Court now and I am sure the police if any action is taken at all, have to come from the Attorney General, but until we meet with the police, I will not know what he wants the money to be used for,” he added.
Following Menzgold’s 2018 closure, clients have started demanding their money back. The company has been charged with running a Ponzi scheme ever since.
Nana Appiah Mensah, better known as NAM1, is also being tried for fraud.
