Zylofon Properties, a subsidiary company belonging to Zylofon Media and Menzgold CEO, Nana Appiah Mensah, has began packing out some office properties from its Dzorwulu Branch in Accra.

Some persons were seen packing items including furniture and air conditioners from the office into some pickup trucks Thursday afternoon.

It is still not clear if or not the development is closely related to the recent scandal that has hit its sister company; Menzgold Company Ltd.

A close source from the company however insists the move was resultant of a robbery attack that happened at the Dzorwulu Branch of the company some weeks ago.

According to him, the company was ransacked by some unknown persons while workers were away and made away with some valuables.

Subsequently he maintained, management resolved to moving remaining valuables to the Zylofon Headquarters where it can be closely monitored to avoid any further theft or damages.



About Zylofon Properties

Zylofon Properties, a new business venture in the direction of Real Estates was officially launched by Nana Appiah Mensah in August 2018.

The company, among other things, deals in sales and acquisition of houses, lands and other valuable properties.

The company seeks to empower the average Ghanaian to own a property all by themselves. With Zylofon Properties, you’ll pay half of the amount for a house and you’ll be allowed to move in, then you pay the rest of the money over a period of 5 years after which the house will be all yours.

Zylofon properties is located at 4 Nii Ako Nortei Street, Blohum Road – Dzorwulu in Accra.


Background

The customers of Menzgold since July last year, have been demanding the payment of their principal investments after the gold dealership company was instructed by the Securities and Exchange Commission to halt its gold trading operations.

Aggrieved customers have since been protesting to demand for their ‘locked up’ cash from the gold firm.

The latest incident was that which happened in Kumasi Tuesday January 8 where several customers besieged the company’s branch in the region. They among other things blocked access to Adum from Amakom road and burnt several tyres to relay their frustrations and demand for their monies.

Several others have issued threats on some major news outlets to register their seriousness about the issue. Some threats indicated a ‘no vote’ for President Nana Akufo-Addo in the 2020 elections if government does not take control of events and ensure their monies are returned.

A known member of the New Patriotic Party, following that particular threat took to his Facebook page to reveal that the businessman had violated his bail terms and was on the run and called for his rearrest.

“I understand the owner of Menzgold, Nana Appiah Mensah, has breached his bail condition and absconded. We can’t allow those who allegedly dupe people with such impunity to get away with it that easily. Let’s smoke them out, wherever they are, and throw the book at them! While I will not want a pesewa of my tax money to be involved with this ponzi matter, I believe majority of Ghanaians will agree with me that the law must come down heavily on those who use such schemes to destroy the lives of many people,” he wrote.



NAM1 absconds

Businessman Nana Appiah Mensah is believed to have jumped his bail condition and relocated first to Nigeria through the Togo Border and then to South Africa where his family has been since the news of the Menzgold scam broke.

He is believed to have jumped his bail condition and relocated first to Nigeria through the Togo Border and then to South Africa where his family has already been since reports of the gold firm’s shady deals emerged.

It is confirmed has breached bail conditions and has not reported three times in a row while his phone and other forms of contacts are unreachable.