Nana Appiah Mensah

Nana Appiah Mensah (born c. 1984)[1] popularly known as NAM1 is a Ghanaian businessman known for Menzgold, gold dealership and investment firm that promised customers a 10 percent monthly returns on their investments.[2] NAM1 is also the Chief Executive Officer of Zylofon Media which has signed Ghanaian musicians such as Shatta Wale[3], Stonebwoy.[4][5], Becca, Joyce Blessing, Kumi Guitar, and movie stars such as Benedicta Gafah, Toosweet Annan.

Education

Mensah is an alumnus of Adisadel College .[6][7] He then furthered to the University of Ghana thus legon for his first degree.At the University, he studied degree programmes, including Economics & Business Management, Finance, Mining and Environmental Studies, Psychology, Law, African and World History and Theology.[8]

Life and career

On 9 January 2019, a circuit court issued a warrant to arrest Mensah for money laundering and fraud[9] causing the Criminal Investigations Department of the Ghana Police Service to trigger an Interpol red alert.[10][11] In September 2018, Menzgold took SEC and the BoG to court after its license was revoked by SEC.

Mensah is expected to return to Ghana after his arrest in December,

2018 for alleged botched gold business and stands trial in Dubai[12] to assist authorities payback all customers of MenzGold.

There has been a pronounced judgment by the court in Dubai to acquit and discharge him on the alleged fraud deal to pay him all outstanding debt.[13]

15 April 2019 has been set aside as redemption day for clients of the company.

According to a Ghanaian British citizen, Stanley Kodia, the government of Ghana is using inappropriate means to detain Mensah[14] in Dubai. He stated that according to his French lawyer who has made inquiries from Interpol Headquarters in France, a suspect is supposed to stay in the custody of Interpol for only 60days and released if not guilty of any charge. He says they are not being fair to the young multi millionaire as he has been detained more than the required duration.[15]

It was reported that, he is to be paid by order of Dubai court a sum of $39 million as payment of the Gold he supplied to Royal Diamonds in three weeks.[16] The company is to pay an addition to pay a compensation for wrongful incaceration.[17] He arrived in Ghana on 11 July to be interrogated by the Criminal Investigation Department of Ghana Police Service. Provisionally he has been charged with money laundering,unlicensed to take deposits and defrauding by false pretence.[18][19]

References
  1. emmakd (23 September 2018). "NAM1 and his Menzgold: When the dust settles, would he be Ghana's all-time Ponzi king?".
  2. "Menzgold saga: Ato Forson accuses gov't of running away from responsibility". www.myjoyonline.com.
  3. graphic.com.gh. "Shatta Wale signs three-year contract with Zylofon Media". Graphic Online.
  4. "Stonebwoy signs record deal with Zylofon Media – Entertainment 2017-06-15". www.ghanaweb.com.
  5. Hammond, Michael (17 August 2017). "Menzgold CEO, Nana Appiah Mensah named in alleged fraudulent dealings; reports of arrest emerge". Yen.com.gh – Ghana news.
  6. Online, Peace FM. "Profile Of Menzgold CEO, Nana Appiah Mensah". www.peacefmonline.com.
  7. "University of Ghana Alumnus Received Awards - University of Ghana Alumni Relations Office". ar.ug.edu.gh.
  8. "Profile of MenzGold CEO, Nana Appiah Mensah". www.ghanaweb.com. Retrieved 11 January 2020.
  9. "Police declares NAM1 wanted; secures warrant for his arrest". 9 January 2019. Retrieved 9 January 2019.
  10. "Nana Appiah Mensah Charged With Defrauding By False Pretence; warrant Issued For His Arrest". Modern Ghana.
  11. Zurek, Kweku. "NAM 1: The serial award winner now a fugitive?". Graphic Online.
  12. "Why NAM1 was arrested in Dubai". Graphic Online. Retrieved 30 March 2019.
  13. "Nam 1 wins case in dubai". www.graphic.com.gh. Retrieved 18 April 2019.
  14. "Ghana Govt is Using Illegal Means To Keep NAM1 in Dubai – Stanley Kodia". www.celebritiesbuzzgh.com. 30 May 2019.
  15. "Ghana Government is Using Illegal Ways To Keep Nana Appiah Mensah in Dubai – Stanley Kodia". www.africaparrot.com.
  16. Online, Peace FM. "Dubai Court Orders Royal Horison To Pay $39m To Nana Appiah Mensah". www.peacefmonline.com. Retrieved 11 July 2019.
  17. Yeboah, Isaac (11 July 2019). "NAM1 arrives in Ghana today". www.graphic.com.gh. Retrieved 4 September 2019.
  18. "Menzgold boss, Nana Appiah Mensah, is home! Due for court". www.myjoyonline.com. Retrieved 11 July 2019.
  19. "Menzgold boss, Nana Appiah Mensah, arrives in Ghana". www.ghanaweb.com. Retrieved 11 July 2019.


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