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NAM1 defrauded 16,000 people of GH¢1.68bn – State prosecutors

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Menzgold boss, Nana Appiah Mensah arrives in Ghana

The Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, is said to have defrauded 16,000 people of GH¢1.68billion according to state prosecutors.

State prosecutors are alleging that the CEO of controversial gold dealership firm, Menzgold defrauded about 16,000 people of GH¢1.68 billion on the name of investing their monies.

It is the case of the state that the embattled CEO, who returned to Accra on Thursday July 11, 2019 after months of detention in Dubai in the United Arab Emirates, contravened sections of the Banks and Specialised Deposits Taking Act, 930 and the Criminal Offences Act while operating Menzgold and its sister company, Brew Marketing.

Particulars of the offences

A charge sheet sighted by Graphic Online’s Mary Mensah in charge of the crime beat stated that between January 2017 and September 2018, Brew Marketing Consult and Menzgold defrauded one Francis Agodzie and 16,000 others of more than GH¢1.68 billon.

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It further accused the two entities of carrying out an illegal deposit-taking business during the same period.

The charge sheet explained that Mensah, Appiah and Tetteh aided Brew Marketing Consult and Menzgold to defraud the customers of the GH¢1.68 billon.

With regard to the charge of abetment to carrying out deposit-taking business without licence, the three suspects are accused of aiding the two companies to illegally carry out a deposit-taking business.

Meanwhile, the Accra Circuit Court has remanded Nana Appiah Mensah aka NAM1, into police custody to reappear before the court on July 26, 2019.

He has also has 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).

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Source: Graphic.com.gh

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Davido Inks Partnership with UnitedMasters For His Nine+ Records Venture

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Davido Inks Partnership with UnitedMasters For His Nine+ Records Venture

Making yet another major power move, three-time GRAMMY® Award-nominated Nigerian global superstar and Afrobeats pioneer Davido has inked a deal with UnitedMasters for his recently launched label Nine+ Records.

In this groundbreaking collaboration, Davido will spearhead artist development, A&R, and behind-the-scenes curation, nurturing a pioneering lineup of artists across the continent under Nine+ Records. United by a shared vision, the teams will work together to introduce and foster talent, amplifying Davido’s influence and extending his reach even further. This partnership marks a pivotal moment in shaping the future of African and world music.

Together, the teams will collaborate closely in order to not only introduce, but cultivate career talent. It only expands Davido’s influence and reach.

Read Also: Davido gifts fan $50k to payoff student loans

Of today’s announcement Davido said, “I couldn’t be more proud to partner with Steve and the team at United Masters, this announcement represents an exciting new chapter for developing and established artists around the world.”

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Steve Stoute, Founder and CEO of UnitedMasters states, “Over the last 2 years, we’ve proven our commitment to Africa investing in artists, education, and technology. Today, we are doubling down. With this new venture with Davido & the launch of Nine Plus Records, we reinforce our mission in becoming a bridge for artists on the continent. Together we’ll identify & develop new artists while supporting them with brand and synch opportunities.”

Nine+ Records will be announcing more artists and partners in the future.

Last night, Davido just sold out one of the most iconic venues in the world, headlining Madison Square Garden in New York City. He ignited the stage with what will be remembered as a historic set, bringing Afrobeats to the Big Apple in the biggest way possible. In advance of the show, he extensively spoke to Billboard who praised how “Performing in New York has also become a special ritual” for him.

This news also arrives on the heels of various major company announcements for UnitedMasters. The company locked down a high-profile alliance with SymphonyOS and Groover. Plus, it hosted its annual “A Celebration of Independence” GRAMMY® Concert at the Palladium in Hollywood, CA. The show boasted an all-star lineup, including headliner Davido, Uncle Waffles, Tokischa, Donavan’s Yard, and NLE Choppa. Of the latter, The Source wrote, “This marked the first time UnitedMasters featured international acts, solidifying its impact and representation within the global independent artist movement.”

Stay tuned for a whole lot more soon

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Court Orders Service Of Notice For DNA Test To Mohbad’s Wife

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The Chief Magistrate Court in Ikorodu has granted approval to serve a notice for a DNA test to the wife of late singer Ileriouluwa Oladimeji Aloba, known as Mohbad, at her last known address. (more…)

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Ghana’s New Train from Poland Crashes During Test Run

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Reports reaching Ameyaw Debrah Media indicate that the recently imported train from Poland, designated for the Tema-Mpakadan railway route, has encountered an accident. (more…)

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I got into music because my crush always associated with musicians – Tiwa Savage

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Nigerian songstress turned filmmaker, Tiwatope Savage has disclosed that she became a musician because she had a crush on a “guy” who was always around musicians.

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Mr. Drew Addresses Allegations in JAMROCK EVENT CENTRE’s Lawsuit

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DREW

Renowned Ghanaian singer and dancer, Andrew Nii Commey Otoo, known by the stage name Mr. Drew has vehemently denied accusations of failing to perform at the Easter Dance Party organized by JamRock Event Centre. (more…)

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I must win Artiste of the Year again – Okyeame Kwame

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Ghanaian rap icon, Kwame Nsiah-Apau, widely known as Okyeame Kwame has boldly declared his determination to reclaim the coveted title of TGMA (Telecel Ghana Music Awards) Artiste of the Year. (more…)

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