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Customers of troubled gold dealership company, Menzgold Ghana Limited, have applauded the government for stepping in to get an arrest warrant for the company’s CEO, Nana Appiah Mensah.

Lawyer for the aggrieved customers, Amanda Clinton in a Citi News interview said they are excited that the government now appears interested in ensuring justice for the numerous customers of the company whose investments have been locked up and the CEO is nowhere to be found.

“The system is unbelievably delayed in terms of EOCO’s formal criminal complaint from the 14th of August, but we are very grateful that the government appeared to have moved past the posture of greedy people to bringing people to justice,” she said.

An Accra Circuit Court on Wednesday issued a warrant for the arrest of the embattled company founder, who is popularly known as NAM1.

He has been accused of the offense of defrauding by false pretense contrary to section 131 of Act 29/60.

Two other individuals, Benedicta Appiah and Rose Tetteh, are also to be arrested by the police.

According to private legal practitioner, Gabby Asare Otchere Darko, who’s a known figure in the governing New Patriotic Party, Mr. Appiah Mensah was arrested earlier, but absconded while on bail.

The issue of the warrant comes on the back of a demonstration in the Ashanti Regional capital, Kumasi, by some angry Menzgold customers who burnt vehicle tyres and blocked a major road.

There is currently no details about his whereabouts, but earlier reports said he moved with his family to South Africa in December 2018, and may have moved to Nigeria subsequently.

Menzgold’s challenges

In 2018, over two hundred customers of Menzgold customers besieged the premises of the company’s head office at Dzorwulu to demand payment of their locked up investments.