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Menzgold protesters say life is unbearable since the company closed eight months ago
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Many Menzgold clients have regularly threatened the government with their blocked investments in the activity described as a Ponzi scheme.
They have a song to accompany the threat: "Borborlibobor".
It is thus that very many distressed investors have sung and danced on this song that basically reminds us of the personal fear of the day of judgment.
"Adaa Yesu b3ba no wrong since boboliboboThey walked and danced. A fanfare beating the beats that unconsciously provides energy to continue dancing.
They are victims of a company that, in good times, has made them the winner of the financial problems of life.
Promised between 7% and 10% monthly returns on investments, a Menzgold customer could generate returns of 120% per year. Good time.
But the regulators eventually intervened after several warnings against depositing money with the so – called gold distribution company, which they said had no permits. ; operating.
The Securities and Exchange Commission has ordered it to halt its gold dealership business.
Everything has collapsed since that day in September 2018. The clients, who include respected professionals, blame the government and state institutions for tolerating the business for over four years already.
They want to get their money back. But CEO Nana Appiah Mensah (NAM1), a high-profile social figure, is no longer in the country despite bail conditions that not allowed trips.
He is in Dubai where he is being tried for a case that went wrong, government I said.
With the man not found, government is to have to bare the weight of customers anger.
This is the third demonstration in three months. January 8th 2019 Kumasi, the regional capital of Ashanti, before the president's visit to the region.
In February 19, 2019, in western regional city, Tarkwa, where artisbad miners, illegal miners, laid-off miners have made a fortune.
then in On April 2, 2019, customers began another demonstration in Accra.
This time, the Bureau of Combating Organized and Economic Crime was supposed to keep an eye on NAM1 but failed. he late.
They want the badets of Nana Appiah Mensah to be sold to pay for them. Finance Minister Ken Ofori-Atta revealed that at least 200 million cedis remained locked up in the company.
He said the badets belong to the company and his CEO is being liquidated.
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