Help us retrieve our $39m from Dubai firm – NAM1 to gov’t

Nana Appiah Mensah, CEO of gold dealership firm, Menzgold Ghana Limited says the ability of his firm to settle debts owed his customers is among other things dependent on government’s willingness to help the company retrieve some $39 million debt owed him by a Dubai company, Royal Horizon.

He said this at a press conference on Monday.

“We respectfully pray the Ghanaian authorities to cooperate with us to achieve the following; to assist us to make a full recovery of the amount owed Menzgold by Horizon Royal Diamond in Dubai. As an act of good faith, we are willing to engage the Attorney General’s office on the best possible way for them to aid Menzgold by employing international law and diplomatic relations to ensure we achieve this objective”.

At the press conference, Nana Appiah Mensah, also known as NAM1, justified the legitimacy of his company and called on the government to unfreeze his account and that of Menzgold to enable him to settle his debt.

He said the company wished “to utilise these as vehicles to get productive in order to meet our liabilities, owed to our customers and some business associates in our bid to resolve our liabilities immediately.”

The Economic and Organised Crime Office (EOCO) froze the bank accounts of Mr. Appiah Mensah in January.

It also secured a court order to freeze properties of Menzgold Ghana Limited as well as other associated companies.

The Menzgold Office Complex, Zylofon Art Complex, Brew Marketing Consult, Star Madrid Football Club, Zylofon Music and media company, Brew Energy Company Limited, G-Tech automobile service were affected by EOCO’s action.

EOCO also listed two properties located at Trassaco Valley, as well as a plot of land near Oak Street at Trassaco Valley, and an uncompleted residence and a 510 acre of land.



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