Audio Attachment:Listen to Allotey Jacobs on Peace FM's 'kokrokoo' programme. |
Former Central Regional Chairman of the opposition National Democratic Congress (NDC), Bernard Allotey Jacobs has alleged that the ruling New Patriotic Party (NPP) is shielding the CEO of Menzgold, a gold collectible firm, Nana Appiah Mensah.
“The NPP is running away from their shadows,” he stated.
According to him the NPP are now trying to disassociate themselves from businesses they have held with the ‘runaway’ CEO of Menzgold popularly known as NAM 1.
“NPP are hiding the guy, he’s around and hiding in Ghana and spewing statements . . . He’s walking within the corridors of power, they are all in his pocket . . . he’s going scot free and people are crying, people are dying . . . it has never happened in this country . . .” he told sit-in host Nana Yaw Kesseh on Peace FM’s ‘kokrokoo’ programme on Wednesday.
“If they tell me that he jumped bail that’s a big lie. Where was he arrested? Which police station arrested him and who bailed him out?” he asked.
He alleged that NAM 1 has said himself that he invested Ghc20m into NPP’s 2016 election campaign, but failed to prove it when asked where he said it.
He added that the government must comfort the affected investors as their ignorance shouldn’t be used against them.
"The government should speak to it," he said.
The Chief Executive Officer of troubled gold firm Menzgold, Nana Appiah Mensah has reportedly breached his bail conditions and absconded, Gabby Otchere Darko has claimed.
It is unclear when state agencies held the CEO of the firm over the locked up investment but Mr. Otchere Darko in a Facebook post called for the rearrest of Mr. Appiah Mensah.
“I understand the owner of Menzgold, Nana Appiah Mensah, has breached his bail condition and absconded. We can’t allow those who allegedly dupe people with such impunity to get away with it that easily. Let’s smoke them out, wherever they are, and throw the book at them! While I will not want a pesewa of my tax money to be involved with this ponzi matter, I believe majority of Ghanaians will agree with me that the law must come down heavily on those who use such schemes to destroy the lives of many people,” he posted.
The customers of Menzgold since July last year, have been demanding the payment of their principal investments after the gold dealership company was instructed by the Securities and Exchange Commission to halt their gold trading operations.
SEC orders Menzgold to shut down
Earlier, the Securities and Exchange Commission ordered gold trading firm, Menzgold Ghana Limited, to suspend their operations with the public with immediate effect.
In a letter dated September 7, SEC said it has thoroughly investigated the activities of Menzgold and has found that the Nana Appiah Mensah-owned firm does not have the license to trade in gold collectibles from the public.
The statement explained that interactions with representatives of Menzgold confirmed to SEC the view that the aspect of Menzgold’s business which involves purchase and deposit of gold collectibles and guaranteed returns is a capital market activity under Act 929 without a valid license issued by SEC which contravenes the law.
The statement added that subsequent requests have been made by SEC to Menzgold’s lawyers to furnish SEC with specific detailed information on the operations of the firm.
Finance minister rules out bail-out for Menzgold customers
Finance Minister Ken Ofori Atta also stressed that government has no intention of bailing out customers of beleaguered investment company, Menzgold.
“It is not in the place of government to refund or get your money for you,” he said.
The comment was the strongest indication yet shown by the government following growing calls by some customers for compensation from the government if Menzgold fails to refund investments.
Source: Alex Ofei-Kwayisi/Peacefmonline.com/Ghana
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Alottey Jacobs opayin kwatito!!! me tse d3 aka nyasa sem da.
John Mahama was never had a photograph with the founder of DKM, the DKM founder was never invited to the flaggstaff house yet JDM and his wife were accused by the NPP of being a part of it. What then do we say about this old dwarf who invited this scammer to his office, exchanged handshakes and took a photo with him?
Yao what has ndc got to do with dkm during 2016, wo to adu bone a ebi ka wano
When Menzgold was shut down, this same NDC were crying and shouting for the govt. to open it because they thought govt were destroying existing businesses. Now the same NDC is accusing NPP of hiding NAM 1. What a shame.
The need is never BOLD enough to take any decision though it will see and oversee the rot and wrong doings but let another person correct it than they will start with their theories and apprehensions. When HIPC was starring at Ghana they kept quiet, when it was obvious that Ghana airways has collapsed they kept quiet, when the basic education has become the terminal point for most basic school leavers, when the banking and the financial sector was getting rotten they kept quiet. When Menzgold started operating where was the NDC they kept quiet. GHANAIANS CAN NEVER LOOK UP TO THE NDC TO DO ANYTHING GOOD. CLUELESS, VISIONLESS AND INCOMPETENT.
Allotey, stop apportioning blame ooooo ton!!! Menzgold was established under NDC. Some of your ministers and NDC sympathisers invested in it with the S T o L E N cash and when BOG started warning customers, your party was the first to react against BOG. Now that the truth has come out, you are here attributing wrongdoing to NPP. Please if you have nothing to say, just shut the hell up. There is too much E D I O C Y on the part of NDC. Please learn sense small
Brainl.ess mammal!!
Look at this Fante boy who thinks he is smart. Menzgold was established during NDC era and none of the so called socialist was able to identify the ponzi scheme until NPP came into office.Allotey Jaconbs should stop his ***barred word***.
you see your life... when this thing came up first you people said NPP is destroying existing businesses. now that it is obvious that this firm is fake you the NDC are turning around to stand holy as if you never criticized the NPP...omg
nam ponzi.... period