EOCO Freezes NAM 1’s Assets

The Economic and Organized Crime Office, E.O.C.O, has frozen all properties of Menzgold Ghana Limited and other associated Companies.

According to a news release dated 29th January, 2019, a court order has been released confirming that all assets belonging to the embattled C.E.O of Menzgold Ghana have been frozen.

The releases indicates that, “all employees of the affected companies, relatives, and friends who are in possession of any such properties are to surrender same by authority of the High Court to the E.O.C.O’s head office in their own interest”.

Nana Appiah Mensah had been declared wanted over his company’s inability to pay investors their monies, together with two other directors of the company. An arrest warrant has been secured to have them brought before the law to answer a charge of defrauding by false pretense.

The Criminal Investigations Department of the Ghana Police Service had also indicated that it has sent notices to all 194-member states of INTERPOL to get him arrested wherever he would be found.

His whereabouts have been found as reports indicated that he was nabbed in Dubai in December over reports that a gold dealership company in Dubai, Horizon Royal Diamonds DMCC, had attempted to close a deal with Appiah Mensah involving 750 kilos of gold with the value of about US$51 million.

Nana Appiah Mensah is currently in the custody of the United Arab Emirates prisons.