“I confirmed that it has been running for five years and a worker from Menzgold assured me that even if things go wrong, NAM1 has an air-conditioned room full of money and, so, ‘You will have your money (investment) back once there are issues’”, she told Moro Awudu on Class91.3FM’s Executive Breakfast Show on Monday, 8 October 2018. She said Menzgold has been using its regulatory tussle with the SEC to excuse its failure to pay the clients their investment benefits and principal. Ms Asante is one of several thousand clients of Menzgold whose investments are locked up with the firm. The company closed its offices on Friday and rescheduled payment of extra values for the third time. Mr Amarteifio assured the customers that their investments are safe and their extra values will be paid appropriately.
Source: GhanaWeb October 08, 2018 11:37 UTC