Government To Help Menzgold Customers Get Some Percentage Of Their Investments [Details]

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Menzgold Customers may be getting some percentage of their investments with the company as government has taken a decision to sell off all assets and personal investments of the company and that of Nana Appiah Mensah to reimburse the customers.

According to the report on, EOCO will be applying for court permission to sell off some of these assets to help pay back some percentage of Menzgold customers’ investment.

The Economic and Organized Crime Office has been tasked with the duty of ensuring they track the properties acquired by NAM 1 and so far, EOCO has reportedly seized a number of lands in prime areas in Accra, Kasoa and Prampram; including six luxurious houses and 43 cars including Mitsubishi Pajeros, Range Rovers, Mercedes Benz, Toyota land cruiser V8 among others.

EOCO has disclosed that some of the properties and cars they initially believed belongs to NAM 1 were later discovered to have been leased, details of these properties are sketchy.

Again from January 10th, 2019 to date, a number of bank accounts totaling six have been frozen by EOCO with two of these accounts having relatively significant balances.

Nana Appiah Mensah

Sources have claimed that some prominent and not-so-prominent political and social figures in Ghana contracted personal loans from NAM 1 for which he tasked his mother Eve Brew and sisters to chase and collect. EOCO is expected to apprise itself of more details once they have access to NAM 1 or his siblings.

His mother who was not part of those declared wanted remains in the country but has refused to cooperate with investigative agencies
NAM1, as he is popularly known, reportedly left Ghana in December 2018 to ‘chase’ a $31 million owed him, but was later arrested in the United Arabs Emirates (UAE) over an alleged scandalous $51 million deal involving an Emirati firm named Horizon Royal Diamonds.

According to Joseph Dindiok Kpemka, Deputy Attorney General, NAM1 was arrested in Dubai on December 7, 2018, in connection with the alleged fraud case.

Mr. Kpemka led a Ghanaian security delegation to the UAE to meet NAM1 recently.


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