The lawyer for some aggrieved Menzgold customers, Amanda Clinton, has revealed that Interpol Global is yet to update the status of the now-fugitive Chief Executive Officer (CEO) of the gold dealership firm, Nana Appiah Mensah, on its website.

Speaking to Benjamin Akakpo on the Executive Breakfast Show (EBS) on Friday, 11 January 2019, Ms Clinton, who represents hundreds of Menzgold customers living abroad, said: “Interpol Ghana has not been given the authority to notify branches globally, so, we’re very happy that further to the decision, it seems like Interpol Ghana is going to notify.

“Interpol Global on their website hasn’t updated NAM 1’s status, so, we’re still waiting on that”.

She further expressed gratitude to the government for intervening, stating: “We’re grateful that the government is finally moving from the posture of greediness to speaking justice for someone who has taken so much money from the public."

A warrant has been issued for the arrest of all directors of Menzgold, including NAM1.

The warrant was issued on Wednesday, 9 December 2019 for the arrest of Nana Appiah Mensah (NAM1), Rose Tetteh, Benedicta Appiah, and Abigail Mensah, among others.

The court warrant explained that the accused persons are to help with investigations relating to “defrauding by false pretences contrary to section 131 of 29/60”.

Menzgold has been struggling to pay its customers after it was asked to stop running its gold vault market by the Securities and Exchange Commission (SEC) over regulatory infractions.



In a related development, Nii Armah Amarteifio, the acting Director of Communication of Menzgold Ghana Limited, has said the life of the CEO is under threat, thus, the opacity surrounding his whereabouts.

The troubled company, since August last year, has not been able to pay its clients’ extra values or principal investments, which, according to Ms Clinton is in the regions of $200 million.

Since that period, NAM1 has not been seen in Ghana. He only tweets or speaks to his radio station, Zylofon FM on the telephone.

There have been claims by some of the company’s aggrieved customers as well as certain people who claim to be close to NAM1 that he is hiding in South Africa or Nigeria.