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Former Central Regional Chairman of the opposition National Democratic Congress (NDC), Bernard Allotey Jacobs has alleged that the ruling New Patriotic Party (NPP) is shielding the CEO of Menzgold, a gold collectible firm, Nana Appiah Mensah.

“The NPP is running away from their shadows,” he stated.

According to him the NPP are now trying to disassociate themselves from businesses they have held with the ‘runaway’ CEO of Menzgold popularly known as NAM 1.

“NPP are hiding the guy, he’s around and hiding in Ghana and spewing statements . . . He’s walking within the corridors of power, they are all in his pocket . . . he’s going scot free and people are crying, people are dying . . . it has never happened in this country . . .” he told sit-in host Nana Yaw Kesseh on Peace FM’s ‘kokrokoo’ programme on Wednesday.

“If they tell me that he jumped bail that’s a big lie. Where was he arrested? Which police station arrested him and who bailed him out?” he asked.

He alleged that NAM 1 has said himself that he invested Ghc20m into NPP’s 2016 election campaign, but failed to prove it when asked where he said it.   

He added that the government must comfort the affected investors as their ignorance shouldn’t be used against them.

"The government should speak to it," he said.

The Chief Executive Officer of troubled gold firm Menzgold, Nana Appiah Mensah has reportedly breached his bail conditions and absconded, Gabby Otchere Darko has claimed.

It is unclear when state agencies held the CEO of the firm over the locked up investment but Mr. Otchere Darko in a Facebook post called for the rearrest of Mr. Appiah Mensah.

“I understand the owner of Menzgold, Nana Appiah Mensah, has breached his bail condition and absconded. We can’t allow those who allegedly dupe people with such impunity to get away with it that easily. Let’s smoke them out, wherever they are, and throw the book at them! While I will not want a pesewa of my tax money to be involved with this ponzi matter, I believe majority of Ghanaians will agree with me that the law must come down heavily on those who use such schemes to destroy the lives of many people,” he posted.

The customers of Menzgold since July last year, have been demanding the payment of their principal investments after the gold dealership company was instructed by the Securities and Exchange Commission to halt their gold trading operations.