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Menzgold customers besiege NAM1’s residence to demand locked up cash

Customers of gold dealership firm, Menzgold Ghana Limited have forced their way into Trasacco Estate where the embattled company’s CEO, Nana Appiah Mensah, is believed to reside, to demand of their locked up cash.

The customers who are made up of those from Kumasi and Takoradi were prevented from entering the premises until they overpowered the security personnel.

, the customers who say the action has become necessary due to the uncertainties regarding the payment schedule put out by the company vowed not to leave the place if Nana Appiah Mensah fails to meet them.

However, police personnel are trying to maintain order at the place.

Since the collapse in 2018 of the troubled gold dealership company, Menzgold Ghana Limited, following a suspension order from the Securities and Exchange Commission (SEC), it has been struggling to reimburse its customers for their losses.

Management of the company later announced that it will from Friday, December 27, 2019, begin paying the customers their locked-up funds which have been in arrears for the past three years. However, this has yielded no positive results.

However, lawyers for the company, on December 18th, 2019 said they do not have the “capacity” to pay customers’ the locked up cash though management had instructed its lawyers to make payments to customers.

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By: Naa Anyema

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