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Exposé on NAM1, why government ‘desperately' wants him jailed

Comment: EKOW TAYLOR IS A DISGRACE

Author:
SARPONG
Date:
2019-07-23 04:01:47
Comment to:
BE VERY AFRAID OF NPP


In Ghana, every fool who can utter a sentence in English is deemed a Journalist. Is this Kevin Ekow Taylor educated? I am asking this question because he is trying to deal with an issue he has no clue about. Is this Ekiw Taylor aware NAM1 is in jail not because of the issue he is talking about?

The issue Slow Taylor is talking about has nothing to do with Ghana government. NAM1 has a licence to export gold and if he has a problem with a client that results in his being arrested in Dubai, it has nothing to do with the government. If the client did their investigation by contacting EOCO and Security Exchange in Ghana about NAM1 legitimacy in gold export and those two bodies affirmed it, it was right because NAM1 has licence to export gold.

NAM1 trouble with Ghana government concerns his accepting deposits and acting like a Bank and investment firms which he has no licence to do. Even in that, the government demanded from NAM1 information concerning where he is investing customers money to enable him pay between 7%-12% and NAM1 could not provide that information because he was using new customers deposits to pay old customers interest and that is an illegitimate business called pongo scheme.

When Government stopped NAM1 not to accept any more deposits because he's no licence for that business, he couldn't pay old customers because there was no influx of new money.

This Kevin Ekow Taylor needs to educate himself with financial issues before he writes about them.

This article is closed for comments.

07-23 01:26
 
 
 
 
EKOW TAYLOR IS A DISGRACE
SARPONG
07-23 04:01