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Menzgold: NAM 1 fraud case adjourned to November

The court hearing the supposed misrepresentation argument against Nana Appiah Mensah, otherwise known as NAM 1 and two others has deferred the issue to November 4, 2020. 

This was after the investigator Assistant Superintendent of Police (ASP) Sylvester Asare told the court that the indictment required more opportunity to put forth a defence and prompt the court on the issue. 

NAM1 is the Chief Executive Officer of old gold vendor firm, Menzgold and as of now dealing with indictments of cheating by affectation in court. 

In his application for dismissal at the circuit court today, (Thursday, October 1, 2020) ASP Asare told the court that the indictment was trusting that the preliminary would begin in the new legitimate year. 

The court, directed by Ms Evelyn Asamoah deferred the case to Wednesday, November 4, 2020. 


The arraignment had blamed Nana Mensah, his significant other, Ms Rose Tetteh, and his sister, Ms Benedicta Mensah, of utilizing Menzgold as a device to swindle in excess of 16,000 individuals of GH¢1.68 billion. 

His better half and his sister are, be that as it may, on the loose. 


The realities, as introduced by ASP Asare, are that in October 2018, the police got a grievance from around 16,000 individuals that Menzgold had persuaded them to put GH¢1.68 billion of every a gold buy plot that yielded 10% month to month intrigue. 

As per him, the complainants said their cash was secured and that they couldn't discover Nana Mensah and the other chief officials of the organization. 

The examiner said examinations uncovered that Menzgold and Brew Marketing Consult were consolidated as restricted risk organizations in 2013 and 2016, separately. 

Menzgold, he stated, acquired a permit from the Minerals Commission in August 2016 to buy and fare gold from little scope excavators, and that so as to effectively take part in the business, Nana Mensah established Brew Marketing Consult to be a gold purchasing operator. 

ASP Asare said despite the fact that Menzgold was authorized to buy gold, it was not authorized by the Minerals Commission to exchange gold. 

Despite the absence of such a permit, he stated, Menzgold opened up to the world after its consolidation and welcomed general society to store cash for a fixed period with enthusiasm, on the affection of gold buying. 

The investigator said further examinations uncovered that the three charged people were the chiefs and chief officials of Menzgold and Brew Marketing Consult. 


NAM 1 was delivered from police care on August 17, 2019, in the wake of meeting his reexamined bail conditions. 

Prior, the court had shifted the bail conditions to take into account five guarantees to ensure his bail without demonstrating proof of having properties worth the GH¢1 billion bail aggregate. 

The court, notwithstanding, declined a solicitation by counsel for Nana Appiah for a decrease in the bail entirety from GH¢1 billion to GH¢20 million. 

Heretofore, the court had requested, on July 26, 2019, that three of the five guarantees should show avocation, which means they should show verification that they had properties or interests worth the GH¢1 billion bail aggregate. 

As a component of the bail conditions, the Menzgold CEO was requested to report himself to the Ghana Police Service each Wednesday.

Content created and supplied by: Pebihwe (via Opera News )

Evelyn Asamoah Menzgold Nana Appiah Mensah Rose Tetteh Sylvester Asare


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