You Inspired Me To Fix Menzgold Quickly – Nam1

You Inspired Me To Fix Menzgold Quickly - Nam1
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The founder of the defunct Menzgold Ghana Limited claims his social media following give him a “urge” to turn his company’s fortunes around and bring it back in operation within a year.

Nana Appiah Mensah, also known as NAM 1, said this on his birthday, May 16, 2022, in an Instagram post.

On his official Instagram page, he posted a video of himself wearing a black suit and dancing to Akwaboah and Sarkodie’s ‘Megyen Mani.’

A comment accompanied the video, implying that he has been encouraged by his well-wishers to act rapidly to save his firm.

“A Knight templar is truly a fearless knight and secure on every side. For his soul is protected by an arm of faith, just as his body is protected by an arm of steel. He is thus deeply armed and need fear neither demons nor men”. Behold! the light is reborn. Thanks to y’all for the best wishes. Y’all gives me an urge; a good reason to want to FIX Menzgold swiftly like the speed of light. I’m motivated. God willing, we shall have clean slate a year by now. #GospelCrusader #GhanaShallProsper.”

Menzgold Ghana Limited was a gold dealing and investment company that guaranteed consumers monthly profits of 7-10%.
It was shut down by the Ghanaian government after it was shown to be “fraudulent.”

Due to Bank of Ghana cautions regarding using the word “bank” as a business name for a non-banking institution, the corporation was reportedly first known as Menzbank, then altered to Menzbanc, and eventually to Menzgold.

The Ghana Securities and Exchange Commission shut down its activities in September 2018.

The company’s operating license, which was given in 2014 but was canceled by Ghana’s Minerals Commission, was primarily for gold dealing and export.

However, as allegations of a high-yield gold investment plan began to emerge, the Bank of Ghana began to issue cautions, advising individuals to be careful of interacting with the business and cautioning the firm against accepting cash deposits.

Customers who have deposited money with Menzgold have been locked out and unable to access their funds since the closure, resulting in protests outside the company’s different locations.
The Ghanaian Economic and Organized Crime Office obtained a court order freezing all landed properties in January 2019.

Customers who have deposited money with Menzgold have been locked out and unable to access their funds since the closure, resulting in protests outside the company’s different locations.

The Economic and Organised Crime Office of Ghana obtained a court order in January 2019 freezing all landed assets and vehicles belonging to Nana Appiah Mensah, the beleaguered Chief Executive Officer of Menzgold Ghana Limited.


Menzgold Ghana Limited, Menzgold Office Complex, Zylofon Art Complex, Brew Marketing Consult, Star Mad Football Club, Zylofon Music and Media Company Limited, Brew Energy Company Limited, and G. Tech Automobile Service are among the landed assets.

Nana Appiah Mensah was detained and sued by a Dubai-based firm named Horizon Royal Diamond when he travelled to Dubai to retrieve part of his money to pay his clients.

He won the lawsuit and was released, with the court ordering that he be reimbursed $39 million.
He returned to Ghana, where he was apprehended by the Ghana Police Force and eventually freed on 1 billion Ghana Cedis bail.
Nana Appiah Mensah is now putting out a payment schedule for his clients.

On Wednesday, January 8, 2020, a group of Menzgold Ghana Limited clients gathered at Nana Appiah Mensah’s home to negotiate repayment of their frozen cash.
Nana Appiah Mensah opened fire to appease his enraged clients.

On Wednesday, January 8, 2020, a group of disgruntled Menzgold Ghana Limited clients gathered at the home of Nana Appiah Mensah to negotiate the release of their frozen cash.
Nana Appiah Mensah fired rounds to fend off his irate clients, feeling scared by their boisterous presence.