Connect with us

Buzz

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

Published

on

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.

Advertisement

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).

Advertisement

Source: Graphic.com.gh

Advertisement

Buzz

GRIDCo reduces power supply to parts of Accra – ECG

Published

on

dumsor 1

The Electricity Company of Ghana (ECG) is pointing in the direction of the Ghana Grid Company Limited (GRIDCo) for the erratic power supply (dumsor) in some parts of the Greater Accra region.
(more…)

Continue Reading

Buzz

Olivetheboy denies writing ‘Goodsin’ song for Ayra Starr

Published

on

olive

Ghanaian Afrobeat singer and songwriter, Joel Ofori Bonsu, professionally known as Olivetheboy, has debunked claims his hit song “Goodsin” was composed to express his affection to Nigerian songstress, Ayra Starr. (more…)

Continue Reading

Buzz

THE RECENT INTERNET BLACKOUT AFFECTED MY STREAMS – KiDi

Published

on

kidii

Multiple award-winning Ghanaian artiste, Dennis Nana Dwamena, well-recognized by the stage name KiDi recently expressed frustration over the recent internet blackout in the country, highlighting its adverse impact on his streaming numbers and online engagement.  (more…)

Continue Reading

Buzz

Burna Boy calls out foreign media over old shaved beard photos

Published

on

Burna Boy

Nigerian artiste Burna Boy has publicly criticized foreign online media platforms for sensationalizing an image of him without his signature beard. (more…)

Continue Reading

Buzz

Nurse Verification Fee: NMC suspends newly approved verification Fee

Published

on

nurseees 1

The Nursing and Midwifery Council of Ghana (NMC) NMC) has suspended with immediate effect, the implementation of the newly approved fees imposed on nurses pending its review. (more…)

Continue Reading

Buzz

Watch: Ghanaian filmmaker Kofi Asamoah hosts star-studded birthday dinner

Published

on

Screenshot 20240328 120806 Instagram

Ghanaian filmmaker Kofi Asamoah marked his birthday in grand style at the luxurious Kempinski Hotel on March 27, 2024. (more…)

Continue Reading

Trending