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General News of Wednesday, 16 January 2019

Source: Graphic.com.gh

Cabinet meeting not an emergency, not on NAM1 - Eugene Arhin

The Director of Communications at the Presidency, Eugene Arhin, says a cabinet meeting scheduled for Wednesday, January 16, is not an emergency one.

It is a normal cabinet meeting to deal with cabinet matters, he says, explaining that it is also not about the arrest in Dubai of Nana Appiah Mensah, the Chief Executive Officer of Menzgold, contrary to an earlier Graphic Online report.

Nana Appiah Mensah, the embattled Menzgold CEO, is currently in the custody of the Emirati authorities following his arrest in Dubai in connection with a fraudulent gold business deal.

Thousands of customers of the company have been calling for government's intervention to retrieve their locked up investments with the company.

Why NAM1 was arrested in Dubai

It will be difficult to get NAM1 extradited from Dubai- Law Lecturer 'I was told NAM1 had room full of money to pay us' – Menzgold client A delegation of government officials and Nana Appiah Mensah's father was expected to travel to the Persian Gulf country to negotiate his release, however government sources say arrangements for the trip are yet to be consumated.



Graphic Online has also learnt authorities in Dubai are insisting on a firm commitment on the part of Ghanaian security authorities to investigate, and bring to book persons involved in the swindling of the Dubai based company of a whopping $51 million, as well as their refund of the money.

"Now they are holding him as a bargaining chip and the government itself to ransom, insisting that the security apparatus hasn't showed much interest in looking for the swindlers. They want their money, that is all they are demanding," the source said.