NAM 1 will not return to Ghana anytime soon – Sources close up

General News on Friday, April 12, 2019

Source: mynewsgh.com

2019-04-12

Security agency sources have revealed to MyNewsGh.com that it was not impossible for the chairman and CEO (CEO) of distressed gold distribution company Menzgold, Nana Appiah Mensah , aka NAM 1, to return to Ghana as soon as possible.

The company's clients have felt a great jubilation this week following the announcement of his acquittal of criminal charges in Dubai, UAE, where he has been in detention for months. for a bad deal.

What would have triggered the jubilant would have been that the NAM 1 would also have benefited from more than 30 million dollars, amount that the court should have paid him.

However, he was not released because Interpol, acting on a previous red alert issued by Ghana, is holding him back and has not yet officially communicated with his Ghana counterparts.

Even if that is done, it would seem that the Emirati gold company at the origin of his arrest has a maximum of 30 days to appeal. He can leave only after the expiry of this period and, if they do, he must wait to review the procedures. the appeal until a final decision is rendered.

New problems with the win resulted in ephemeral bliss from customers who were anticipating earlier arrival to settle their blocked money.

This week, a Dubai court allowed Nana Appiah Mensah, aka NAM1, to complain about her wrongdoing in a case against him by the Emirati firm Horizon Diamonds.

It will be recalled that after being released on bail by Ghana's Office of the Fight against Organized and Economic Crime (EOCO) in Ghana somewhere last year, NAM 1 has quietly escaped of the country in the hope of getting money from other contracts in order to pay blocked investments of its customers.

NAM 1 is expected to have gone to Dubai in the hope of recovering $ 39 million owed to Menzgold by a Dubai-based company, Horizon Royal Diamonds DMCC, for the supply of gold.

His intention was to use the money to settle Menzgold's investors, following the closure of the company by the Security and Exchange Commission (SEC) following a territorial war with the Bank of Ghana.

Sources close to the story had said that in 2016, an unidentified EOCO official had recommended Menzgold to Horizon Royal Diamonds officials for the supply of huge quantities d & # 39; gold. This recommendation came from the fact that, according to sources, the Dubai company had already been duped by Ghanaians.