General News of Tuesday, 16 June 2020Source: Daily Guide NetworkClaims by Nana Appiah Mensah, aka NAM1, that he has paid about GH¢9.6 million to customers of defunct Menzgold Ghana Limited have sparked outrage. NAM1 adamantHis recent actions enraged supposed clients of the defunct Menzgold, but NAM1 in the open letter said there was a difference between Menzgold and Zylofon, which had signed the artistes on to its label. According to the statement, Payboy was to negotiate and facilitate the payment of the investment of Menzgold’s customers whose investments remain unpaid. Firing MenzgoldHowever, the arrest of some of its officials by EOCO forced Payboy to say it has terminated its agreement with defunct Menzgold Ghana Limited. His companies – Menzgold Ghana Limited and Brew Marketing Consult Limited – have also been charged with seven counts of defrauding by false pretences and carrying on deposit-taking business without licence.

Source: GhanaWeb June 16, 2020 09:22 UTC