EOCO obtains approval to sell Menzgold properties, including 2 Trassacco homes owned by NAM 1

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The Economic and Organized Crime Office (EOCO) has been granted express permission by the Financial and Economic Crimes Division of the Accra High Court, presided over by Justice Afia Serwaa Asare Botwe, to sell properties belonging to suspected fraudster Nana Appiah Mensah.

The order came in response to a motion filed by EOCO requesting permission from the court to auction the defunct company’s assets.

Brew Energy, G-Tech Automobile Service, Zylofon Art Complex, Brew Marketing Consult, Star Madrid Football Club, and Zylofon Music and Media Company Limited are among the companies that will be sold along with their assets.

Additionally, the court froze two properties in Trassaco Valley, an unfinished residential property, and 510 acres of land allegedly belonging to NAM 1.

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On January 18, 2021, Mr Abu Issa, an attorney for EOCO, testified that EOCO and other law enforcement agencies investigated Menzgold and discovered that it had committed money laundering and other serious offenses.

He explained that the motion was based on Sections 2 and 3 of the EOCO Act, 2010 (Act 804), which empowered the law enforcement agency to take such action.

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As a reminder, Nana Appiah Mensah aka NAM1 is a notorious con artist who founded Menzgold, a gold dealership and investment firm that promised customers a 10% monthly return on their investments.



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