Founder of Menzgold Company Limited, Nana Appiah Mensah (NAM1), has reacted to the controversy surrounding the operations of his gold-dealership firm.
In a tweet on Wednesday, 28 November 2018, Mr Mensah bemoaned the fact that his cronies have fallen for the “misconceptions” about his business and have further denigrated his name and the Menzgold brand.
“Instead of us being resolute, you've fallen for the misconceptions and further denigration of my name & the brand. We shall do the needful now. God knows we defended our collective cause.#Posterity #Hail! Menzgold Global🌎,” his tweet said.
Mr Mensah’s tweet comes a day after customers of Menzgold staged a demonstration against the company.
The angry customers belonging to a group calling itself Coalition of Aggrieved Customers of Menzgold said after several months of promises to pay them 15 per cent of their locked-up investment principal, the company has failed to live up to expectation.
The customers petitioned the Bank of Ghana (BoG) and government to order Menzgold to pay them their investment.
Menzgold is battling the Securities and Exchanges Commission (SEC) and BoG over its operations. The company has dragged SEC and the BoG to court to stay away from its business but the state agencies insist Menzgold does not have the licence to conduct business in the manner it was doing by paying dividend to clients.
The SEC, thus, asked Menzgold to shut down its operations until it complies with the laws regulating the industry.
Some customers of Menzgold have also called on Mr Mensah to meet and address them face-to-face on plans he has to refund their investments and stop addressing issues by tweets.
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Nana Appiah Mensah, we, the genuine customers of Menzgold, are aware of the plot by The Finance Minister, BoG, SEC and the government to seize, loot and share your properties, assets and investments. We the genuine customers of Menzgold are solidly behind you and will not allow the government to infiltrate our ranks to achieve her selfish ends. The leader of the Aggrieved members of Menzgold said he wanted you to pay him back his invested capital. If so, why was he asking government to close down the Gobal Platform you recently launched? It is so clear that the government is using them to achieve her sinister plans. The genuine members of Menzgold will not sit aloof for government to collapse your genuine business.Long live NAM1! Long live Menzgold!
Pay them their money and stop this long talk. Fraudster
THE GAME IS UP FOR YOU. JUST PAY US OUR PRINCIPALS. WE ARE EXPERIENCING HUNGER AND PSYCHOLOGICAL TRAUMA BY STANDING "RESOLUTE" WITH YOU WHILE YOU JUNKET TO WORLD CAPITALS, SLEEP IN THE BEST HOTELS AND EAT THE BEST MEALS. YOU ARE RELIABLY UNRELIABLE, JUST PAY US OUR MONIES AND STOP THE CONCERT OKAY ?
Massa pay your clients monies (Principal) to them and stop this communist inferior tactics you are using. People are having sleepless night and you are tweeting use.less messages. Can't any of clients take legal action against this entity to retrieve their investments. Your legs has been tied and you are using your hands to untie them. Pay your clients now! #payusnow
People want their money and you are there talking resolute.
Massa this is no longer the time for big grammar and emotional psychology you have played on your clients since. Pay their monies to them. If you were resolute, you would have paid the promised 15% by now. Stop the tricks before time catches up on you. Whatever hole you are hiding in, you’ll be smoked out very very soon so have that in mind..