Finance Minister, Ken Ofori-Atta has hinted that the Bureau of National Investigations (BNI) will soon apprehend the President of Menzgold, Nana Appiah Mensah over the Menzgold saga.
Nana Appiah Mensah, popularly called NAM 1, who founded the gold firm to trade in gold collectibles by awarding 10 percent of interest to the company’s customers investing their golds in the firm.
The Bank of Ghana and the Security and Exchanges Commission (SEC) have warned Ghanaians not to trade with Menzgold, revealing that it is unlicensed and the business is shady which needs urgent attention of the regulators.
Recently, Nana Appiah Mensah in an interview with Zylofon FM, assured the customers that the company will protect and pay up their dividends.
He also asked the regulators to “correct” them as they are ready to cooperate with SEC to put things right.
Speaking in an exclusive interview with host Kwami Sefa Kayi on Peace FM’s “Kokrokoo” Friday morning on the 2019 Budget statement, Ken Ofori-Atta did not sapre customers of Menzgold saying they were spurred on by “greed”, therefore ignored all signs which pointed out that the gold firm transactions were ridiculous.
“Our own greed led us to it. If you take a critical look at the international gold prices which go up by 1 or 2 percent a year and somebody says he will give you 10% and it’s also unlicensed; it’s difficult to understand. But it’s not only illiterate people who invested but the elite too, people from the Bank of Ghana, Ministry of Finance and the Police among others. Sometimes, you wonder how all these many Christians in the country would make such decisions to invest their money in this shoddy business”, he stated.
To him, the customers should have known better and with a little hesitation would have saved their monies.
However, all hope is not yet lost as the Finance Minister disclosed that they will ensure Nana Appiah Mensah “grabbed” faces prosecution.
“The last time I checked, he had a certain plane and is off to Italy but we'll make sure we grab him. So, the National Security is working on it”.
Source: Ameyaw Adu Gyamfi/Peacefmonline.com/Ghana
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Ken you guys should not make the mistake of arresting this NAM 1 fraudster. That is all he wants so that it now becomes the "government's" problem and not his. Use the SEC to force him to pay his clients first before arresting him. We cannot afford to use Tax payers money AGAIN to pay for the greed of others. Don't give him an excuse by arresting him please.
I think it is better that you do not rope in the Gov't on this. You mentioned that they have been in existence for 5 years, the gov't is almost 2 years so why do you blame them? I do not want to defend the gov't in anyway but I think this had more to do with common sense. These people came to my office and some of our staff fell for it, I thought about it quietly and though am not a finance person, I saw that this could be a sham and true it has been. Sometimes, as human beings we only need to be a bit sensible. The Finance Minister is right - greed got us this far.
Ghanaians are people who never learn[that is why they are even thinking of welcoming the biggest th1-ef to have ever become president back to power]After Pyram,R5,Dkb one would have thought that people have learnt their lessions ;but no.Where in the world and in what business would someone take your deposit and give you 10% every month ie. 120% a year . ?How? People were up in arms fighting government when it moved to ask these people to regularise their business.Now these same people are asking for help from government, and the f001s who still haven't realised that this was nothing but a sophisticated Ponzy Scheme are shifting blame and reading politics into it.
this is ***barred word***, u knew the guy is not genius person and u politicians where inviting him to the Flagstaffs house to dine and wine together?? Now he has used ur fame and has stolen our money ur there talking trash, Mr president if u want dont fight for us but we shall fight this same guy for our money and we will also show u the ***barred word*** exist door coming election, this is ***barred word*** u knew this guy is bad and u allowed him to operate in this country for good 5 years ? so now what has changed ? anyways dont worry i pissed and ashamed i campaigned for u and voted for u as well
Data bank was losing all it's cash flow and their customers to menzgold so menzgold had to go down by any means necessary. Even paa kwesi nduoms gold coast securities was not spared. He won't even admit that they have created unnecessary panic in the indigenous banks. God is watching! Look at the number of people who have been affected by your wickednesss.
PLEASE HOW ARE WE GOING TO GET OUT MONEY.THANKS
KEN OFORI ATTAH QUOTES“Our own greed led us to it. If you take a critical look at the international gold prices which go up by 1 or 2 percent a year and somebody says he will give you 10% and it’s also unlicensed; it’s difficult to understand. But it’s not only illiterate people who invested but the elite too, people from the Bank of Ghana, Ministry of Finance and the Police among others. Sometimes, you wonder how all these many Christians in the country would make such decisions to invest their money in this shoddy business”,.......WHEN PASTORS ARE SHOUTING TO CHRISTIAN EVERYDAY THAT YOU WILL MAKE IT YOU WILL MAKE IT WITHOUT WORKING....GHANAIAN ARE TOO GREEDY BUT THEIR ALWAYS PRETEND.