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General News of Monday, 21 January 2019


Ibrah One exposes ‘lies’ behind NAM1’s prosecution in Dubai on February 2

Ibrahim Dauda and Nana Appiah Mensah Ibrahim Dauda and Nana Appiah Mensah

Young Ghanaian millionaire, Ibrahim Dauda, popularly known as Ibrah One, has rubbished reports claiming Menzgold CEO, Nana Appiah Mensah, was going to be on trial in Dubai before being sent to Ghana.

In a series of social media posts, Ibrah One, known for his many attacks on NAM1, indicated that there were some untruths in the case involving the embattled CEO of Menzgold.

According to him, the report that NAM 1 was going to be on trial in Dubai on February 2, 2019, was not true because no court in UAE country opens on weekends since it falls on a Saturday.

Ibrah One went on to prove with photos indicating that courts in Dubai were even closed on Fridays; probably due to the fact that they were a Muslim nation and held Jumu'ah on that day.

Ibrah One has been on the neck of NAM 1 for a very long time. The millionaire noted some months back that the private jet purported to be owned by NAM 1 was rented.

He also exposed the gold trading hub Menzgold, by indicating that investors were not going to get back their funds because NAM 1 had used it to sign actors and musicians.

NAM 1 however hit back at Ibrah One by posting documents to the effect that he had bought and paid for the private jet.

In recent times, NAM1 and his gold trading firm, Menzgold Ghana Limited, have taken center stage and have been in many discussions following an order from Security and Exchanges Commission to halt its operations.

Investors have had their monies locked up following the order and have explored a number of alternatives with the hopes of getting their monies back.

Following many unrests, security agencies in the country, issued a warrant for NAM1's arrest and sent same notice to Interpol.

It however came to light that NAM 1 had already been arrested in Dubai in December 2018 following a business deal gone bad and was set to face trial in court.

A delegation was however sent from the government to have NAM1 brought back to Ghana to face trial for many charges brought against him including defrauding y false pretenses.

The UAE nation however refused to release the Menzgold CEO who also doubles as the CEO of Zylofon Media.

According to the Emirati authorities, NAM1 would only be released to come back home after he has faced trial in Dubai for a botched gold deal.

The issue has however been tainted with politics as the ruling New Patriotic Party (NPP) and opposition National Democratic Congress (NDC), have thrown jabs at each over the locked up investments.