General News of Friday, 10 January 2020Source: hotfmghana.comNAM1 told us he sponsored NPP government with our cash - Menzgold customersNana Appiah MensahPresident of the Coalition of aggrieved Menzgold customers, Timothy Binab has alleged that, embattled CEO of now-defunct gold dealership firm Menzgold, Nana Appiah Mensah(NAM1) told them he used part of their locked-up cash to sponsor the Nana Addo-led government. NAM1 and Menzgold have not been able to pay back the customers’ investments since August 2018 after the Securities and Exchange Commission (SEC) ordered the company to stop operations over regulatory infractions. On Wednesday, 8th January 2020, the aggrieved customers of the company besieged the Trasacco residence of NAM1 with the hope of getting their locked-up funds from him. Scores of the customers were arrested by the police for besieging the CEO’s residence and attempting to gain entry unlawfully. Speaking on the issue in an interview with Boamah Darko on Accra-based Hot 93.9FM, the President of the Coalition of aggrieved Menzgold Customers, Timothy Binab alleged that NAM1 once told them he used part of their locked-up cash to sponsor the current government.

Source: GhanaWeb January 10, 2020 05:42 UTC