Menzgold readies to pay customers

Menzgold Company Limited is finally prepared to honor its financial obligations to its aggrieved customers.

The company has come under severe scrutiny after its customers hit the streets on several occasions to protest and demand the release of their investments with the company.

Subsequently, there were demands that assets of the gold dealership firm CEO, Nana Appiah Mensah be frozen. Following this, the Economic and Organised Crime Office (EOCO) announced that bank accounts of NAM1 had been frozen and there were plans to acquire a court order to all the seizure of all other assets.

NAM 1 has however since July 12, been going to court, having been charged with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without licence, contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

A statement signed by Head of Communications at Menzgold, Nii Amarh Amarteifio and issued on 23rd October, 2019 said the company will begin a document validation process on the 28th of October to 28th of November as part of efforts to settle all verified claims of customers.

“As part of our efforts to finally discharge our financial obligations to our cherished customers, we have tabled down the following schedule to commence the process of validation in order to settle all verified claims of our customers

Validation of documentation starts from 28th October to 28th November, 2019 from 9am to 4pm each working day.”

Read the full statement below: