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Rev. Minister Sues Menzgold Over Locked Investment   
 
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10-Oct-2018  
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A Reverend Minister has dragged gold trading firm Menzgold Ghana Limited, and its Managing Director, Nana Appiah Mensah to court for breach of contract in relation to an investment of Gh₡24,000 in the company’s gold business.

Reverend Joseph Appiah Odei of Tabora in Accra, is claiming general damages for breach of contract and misrepresentation.

He is also claiming interest on the total sum of Gh₡24,000 which he deposited with Menzgold on April 20, 2018.

Rev Odei filed the suit on October 5, 2018 at the Accra High Court.

According to the statement of claim accompanying the writ, Rev Odei states that on April 20, 2018, he deposited 12 pounds of gold estimated at Gh₡24,000 for a period of 12 months and paid a non-refundable commission of Gh₡1200 to Menzgold.

Menzgold on Monday October 8, 2018 announced that customers who wished to terminate their investment could do so after January 9, 2019.

It is only then that the company will pay them the value of their gold traded [initial investment] in the gold vault market.

Meanwhile, the company has said it will no longer pay extra value [dividend] to customers because of the challenges and difficulties it is facing "with its Bankers arising from instructions and actions of certain government institutions."

In a press statement signed and issued by Nii Amarh Amarteifio, Head of Communications, the company said it has noted that the principal concerns of its customers were for the return of their primary value of gold traded with the company.

It has therefore agreed and "proposes to pay and return to every customer the full value of gold traded, in ninety days (90), commencing from Tuesday, 9th October 2018."
 
 
Source: Daily Graphic
 
 

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COMMENTS




Name: Osimpo
aaaaaa, whe it is coming , it is doing. The same way US Tilapia did. court cases , and then everything, fonfraannnn
 
Name: Aboooche
First of all, what is the definition of the word reverend? To cry out loud , that word does not come cheep. He could be a leader of a church somewhere but not reverend. In any case, if asserts that the man is bold to go to court then why didnt you add his church name.
 
Name: wola hwe. eeben asem yin
spir*itual is a barred word. mo nso so!!! all the barred slots had the word sp*iritual. put them in and complete the read.
 
Name: NSEM HUUNU
greedy so called rev minister. any reverend minister no matter his/her status who invested in menzgold has a questionable character, because he/she is a greedy person and has also missed the Holy Spirit's direction making him/her a suspect as a ***barred word*** leader who has a flesh-controlled personality (CARNALITY). any minister in this condition must check his/her ***barred word*** life and evn apologise to the flock he/she leads telling them he/she has failed them by being a carnal "***barred word***" leader. PERIOD!!! where on earth do any straight thinking person perceive a genuine investment that will yield an annual 120%. as greedy as humans are any investment that promises you 120% means the promisor is making not less that 360% on the investment before he'll promise you the 120% and that would even have been a very linient promisor. folks it never works like that SHINE YOU BRAINS!!!
 
Name: Agbeli
The church members of the Rev. should demand their hard earned tithes, offerings from him. I believe the money does not belong to him. Did he inform his church of such an investment. We have the local commercial banks why invest in an unusual high yielding interest rate scheme if not for greed. He deserves what he has gotten and leave Menzgold alone.
 
Name: KOO NIE
I PITY ALL THE CUSTOMERS. BELIEVE IT OR NOT (UNLESS MENZGOLD HAS A CAPITAL COMPONENT WITH BANK OF GHANA AS REQUIRED BY BOG FROM WHERE AT THEY CAN CALL ON THE BOG AFTER SOME LEGAL ARRANGEMENT) IT IS GOING TO BE LIKE WHAT HAPPENED DURING PYRAM AND R5 ERA IN 1994. REMEMBER??? THE DIRECTORS ARE GOING TO PLAY THE HIDE & SEEK, HIDE & SEEK WAGADRI TACTICS UNTILL FINALLY YOU WOULD HEAR THAT THEY HAVE VANISHED INTO THIN AIR. THAT IS WHAT HAPPENED TO PYRAM & R5 CUSTOMERS. UNFORTUNATELY FOR MY GREEDY CUSTOMERS, YOUR INVESTMENTS IS VERY GREAT DANGER IF SOMETHING IS NOT DONE AS SOON AS POSSIBLE. ESPECIALLY WHEN MENZGOLD HAS POSTPONED PAYMENTS TO JANUARY 2019. THE EARLIER THE AUTHORITIES KEEP A CLOSE MARKINGS ON THEIR MOVEMENTS THE BETTER AND SAFER FOR THE CUSTOMERS BECAUSE THAT WAS WHAT EXACTLY HAPPENED DURING PYRAM AND R5 CUSTOMERS IN 1994/95. MEDAASE.
 
Name: BIG BOYE
Why should Reverend Minister be so greedy, using church members money for your own benefit, this serves you right, next time think twice and be a true Reverend Minister, give us a break.
 
Name: atac
the investors were told the truth years ago but unfortunately many people started commenting on what they know nothing about.
 
Name: Part Time job
Start part time job online usinginternet and earn cash join at http://doearning.com/?id=73266
 



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