The CEO of the defunct Menzgold Company Limited, Nana Appiah Mensah, also known as NAM1, has reportedly handed over GH₵5 million in cash to the Ghana Police Service for the repayment of customers whose funds are locked up after the company’s closure. This development elicited mixed reactions from the public.
Entertainment pundit, Kwame Obeng Asare, known as A Plus, criticized NAM1 for the delay in repaying Menzgold customers, leading to tragic outcomes. He labelled NAM1’s enterprise as “criminal.” Conversely, Bullgod, the former Artiste and Repertoire Manager at Zylofon Music, a subsidiary of NAM1’s enterprises, defended NAM1, denying that he is a thief. Bullgod argued that NAM1’s move to settle Menzgold customers contradicts the thief label, urging A Plus to apologize for his derogatory comments about NAM1.
This argument emerged during the United Showbiz program aired on UTV on Saturday, October 21, 2023, hosted by MzGee.
NAM1 reportedly personally handed over the GH₵5 million to the Ghana Police Service, initiating the repayment process to Menzgold customers, as per a 3news.com report. This follows Menzgold’s announcement to begin the payment of matured investments on Friday, October 20, 2023.
The company urged eligible customers to strictly adhere to the given dates while completing necessary forms to ensure a smooth and effective disbursement of their funds.
— UTV Ghana (@utvghana) October 23, 2023