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Menzgold Suspends Payment To Customers Following Attack On CEO   
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Management of the defunct gold trading company, Menzgold says they are halting payment to aggrieved customers following the attack on their CEO, Nana Appiah Mensah, popularly known as NAM 1.

According to them, it will help them to restrategize their payment plan and know their way forward with respect to their customers.

Speaking on Okay FM’s 'Ade Akye Abia' program, PRO for Menzgold, Nii Armah Amarteyfio explained that they were surprised about the attitude of some of their customers.

He added that they have been discussing with them their payment plan and the necessary arrangement they have put in place to secure funds to pay them so they were very much surprised to hear that they have stormed the house of their CEO, Nana Appiah Mensah.

"However, we are appealing to Menzgold customers to exercise restraint and be patient . . . It is only proper for them to understand that going to the house of the CEO will not bring back their locked-up funds, they should just follow our payment plan," he added.

Watch Interview Below

Aggrieved customers of ‘defunct’ gold collectibles firm, Menzgold Ghana, stormed the private residence of Nana Appiah Mensah aka NAM1, Chief Executive Officer (CEO) of the company.

Their mission to his residence on Wednesday morning, January 8, 2020, in Accra, was to demand the payment of their locked up funds with Menzgold Ghana.

One of the customers observed that “We are here to collect our monies. That is why we are here. We are not here to damage anything or to harass anybody. We are here peacefully for our invested monies. That is the reason we are here.”

They forced their way into NAM1’s Trasacco Estate, demanding their money.

Security Overpowered

Initially, the customers, numbering over 500 from different parts of the country, were denied entry into the premises of NAM1.

But they overpowered the security personnel there and made their way to the residence of the once-famous NAM1.

They had converged at Shiashie, a suburb of Accra in the early morning of Wednesday before heading to NAM1’s residence.


Police personnel were later deployed to the residence and some of the aggrieved customers were arrested.


Menzgold Customers have embarked on several protest actions since the inception of the company’s woes, beginning from September 7, 2017.

Source: Isaac Kwame Owusu/Peacefmonline.com/[email protected]

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