First batch of verified Menzgold customers successfully paid - Nam 1

Chief Executive Officer of embattled gold dealership firm, Nana Appiah Mensah has announced that the first batch of customers who recently went through a verification process have received payments of their investment.

Nam 1 who is currently battling charges of fraud amongst others made the announcement on his Instagram page around 4:00pm Friday, December 27, 2019.

“I note with excitement that, the first batch from the first category of the Menzgold payment schedule has been successfully made today; 27th December 2019 by the “third party” appointed,” He wrote.

He also noted in the post how slow the payment schedule has been, which he said was in the face of bank accounts freeze, assets preservation and the huge sum of debts owed his firm overseas.

He assured of commitments to make payments in the weeks ahead with speed.

Menzgold recently released a payment schedule for customers whose investments got locked up after the company became entangled with the Bank of Ghana on regulatory issues.

The company amongst other things was accused by the central bank of operating without proper licencing.

Nana Appiah Mensah known as Nam 1, who doubles as the owner and CEO of Menzgold is also battling it out in court with the state over charges of fraud, money laundering and others, all in relation with the operations of his gold dealership firm.

View this post on Instagram

I note with excitement that, the first batch from the first category of the Menzgold payment schedule has been successfully made today; 27th December, 2019 by the “third party” appointed. I admit that, the momentum is not as fast as we desire in the face of; the bank accounts freeze, assets preservation and more importantly, huge sum of debts owed Menzgold overseas not yet recovered, but we’re committed to providing payment service with speed in the weeks ahead, as we endeavor to overcome these impediments in the best interest of all customers, stakeholders and for the good people of our dear republic. Kindly accept my best compliments of this festive season.????#Ghanashallprosper????????

A post shared by Nana Appiah Mensah ?????? (@nana_appiah_m) on Dec 27, 2019 at 9:02am PST