NAM 1 Accuses Police Of Breaching Agreement Over Money Disbursement

The Chief Executive Officer of Menzgold Ghana Limited, Nana Appiah Mensah known as NAM 1 has accused the police of breaching agreement for the disbursement of customers’ investment into the defunct company.

According to him, the GH2.5 million was left with the police to ensure security in its disbursement to verified customers and not to await an order from the court.

He said he agreed with the police to establish a desk at the headquarters where entitled persons would collect their money.

“The intent was not to give money to the police to distribute. We went to the police because we wanted security. The agreement with the police was to have them provide a desk where we could distribute the money,” he is quoted to have said in an interview on Starr FM.

According to him, the decision to deposit the money at the Bank of Ghana pending court order is a surprise and against their initial agreement. He therefore disclosed his determination to go back for the money.

“I am surprised the money has been deposited at the Bank of Ghana. I will go back to the police and ask them to give the money back to me because that was not the arrangement we had,” he added.

Receipt Confirmation
The police in a statement on October 24 confirmed an amount of GHC2.5 million had been received from NAM 1.

The statement said, the money “is part of investigations into petitions received from some customers of MenzGold Ghana Company Limited and Brew Marketing Consult Limited, currently before the Accra High Court against suspect Nana Appiah Mensah, popularly known as Nam 1.”

The amount, it therefore said has been deposited into the Police Exhibit account at the Bank of Ghana (BoG) for the attention of the Court.

The Service further underlined that the disbursement of the money will be at the discretion of the court.