Gov't won't pay customers of '419 Menzgold'
Image source: StarrFM

Gov't won't pay customers of '419 Menzgold'


Summary short_text

"Menzgold is not a licensed financial institution. We are talking about licensed financial institutions but if you set up your 419 institution and the Bank of Ghana warned repeatedly that people should not do business with Menzgold because they were not a licensed financial institution you can't use taxpayers' money to pay locked-up funds of an institution that is not a licensed financial institution," Dr Bawumia told Techiman-based Link89.
Mahama accuses Akufo-Addo of shielding Menzgold CEO. Flagbearer of the National Democratic Congress John Mahama says he will pursue the Chief Executive Officer for Menzgold Nana Appiah Mensah popularly known as NAM 1, to retrieve held up investment of customers if he wins the December polls.
NAM 1 TRIAL. The Circuit Court in Accra presided over by Her Honour Ellen Asamoah on September 7 adjourned the case in which Chief Executive officer of Menzgold Nana Appiah Mensah has been adjourned to October 1, 2020.


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