We demand to be part of NAM1 asset liquidation committee – Menzgold clients

Aggrieved customers of the defunct gold dealership firm, Menzgold Company Limited, are demanding to be part of the committee set up to oversee the liquidation of assets belonging to the company and its CEO Nana Appiah Mensah (NAM1).

The customers have also called on the government to publish in the media, all the assets of NAM1 and the company which the state has so far confiscated to defray the debt owed its customers.

According to the disgruntled customers, their intelligence suggests that the committee may not be truthful with the sale of the property.

The customers said these when they picketed the premises of the Securities and Exchange Commission (SEC), the Economic and Organised Crime Office (EOCO) and the Attorney General’s office today, Tuesday, 2 April 2019 over what they describe as government’s feet-dragging attitude towards their plight.

The customers said the picketing is part of the measures they have at their disposal to pile pressure on the government and state agencies to help them retrieve their locked-up funds.

The embattled company has not been able to pay its thousands of clients’ extra values and principals since August 2018 after SEC shut it down over regulatory infractions.



Several demonstrations by the frustrated clients have led state authorities to issue a warrant for the arrest of the CEO, Nana Appiah Mensah.

The Ashanti regional secretary to the Coalition of Aggrieved Menzgold Customers in February this year said ten of their colleagues had died following the collapse of the company.

According to him, others have also suffered a stroke and are unable to walk due to the loss of their investments.

To that end, he called on the state to expedite action to deal with the directors of the firm and ensure that the customers retrieve their money.