Latest update coming in is that NAM1 has been granted bail of GH¢500 million with four sureties.
The CEO of the defunct Menzgold Ghana Limited, Nana Appiah Mensah, has been granted bail of GH¢500 million with four sureties, none of whom are required to be justified. Additionally, he has been instructed to regularly report to the CID headquarters every Thursday.
The CEO of the defunct Menzgold Ghana Limited, Nana Appiah Mensah, has been granted bail of GH¢500 million with four sureties, none of whom are required to be justified. Additionally, he has been instructed to regularly report to the CID headquarters every Thursday.
This is a significant development in the case, as it means that Mensah will be able to await his trial outside of prison. It is also worth noting that the bail amount is very high, which suggests that the court takes the allegations against him very seriously.
It is important to remember that Mensah is presumed innocent until proven guilty. However, if he is found guilty of the charges against him, he could face a significant prison sentence.
All you need to know about the CEO of the defunct Menzgold Ghana Limited, Nana Appiah Mensah
Nana Appiah Mensah, popularly known as NAM1, is a Ghanaian businessman who is the CEO of the defunct Menzgold Ghana Limited. He is also the founder of Zylofon Media, a multimedia company.
NAM1 was born in Accra, Ghana, on May 16, 1984. He attended Adisadel College, a prestigious secondary school in Cape Coast. After graduating from secondary school, he studied at the University of Ghana, where he obtained a degree in Business Administration.
After graduating from university, NAM1 started his own business, Brew Marketing Consult. In 2013, he founded Menzgold Ghana Limited, a gold dealership and investment firm. Menzgold promised customers a 10 percent monthly return on their investments.
In 2018, the Securities and Exchange Commission of Ghana (SEC) ordered Menzgold to shut down its operations because it was operating without a license. Menzgold customers were unable to withdraw their investments, and many of them lost their money.
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NAM1 was arrested in Dubai in 2018 and extradited to Ghana in 2019. He is currently on trial for fraud and other charges related to the collapse of Menzgold. The latest update on this is that NAM1 has been granted bail of GH¢500 million with four sureties.
Here are some other facts about Nana Appiah Mensah:
- He is married to Rose Mensah, who was also charged with fraud in connection with the Menzgold collapse.
- He is a controversial figure in Ghana, with some people praising him for his entrepreneurial spirit and others criticizing him for his involvement in the Menzgold scandal.
- He is a fan of football and is the owner of the Ghanaian football club, Medeama SC.
It is important to note that NAM1 is still on trial and has not been convicted of any crime.