Let’s resolve NAM1 issue amicably – Menzgold to government

Troubled gold firm, Menzgold Ghana Limited, has appealed to the government of Ghana to stand down its Interpol red alert on the company's embattled CEO, Nana Appiah Mensah (NAM1), to enable the young businessman recover some $39 million owed his firm by a Dubai gold company, Horizon Royal Diamonds, so that he can return home to Ghana, from the throes of the Emirati legal system, to pay his thousands of aggrieved clients whose investments have been locked up in Menzgold since August 2018.

A statement issued by the Head of Communication of Menzgold, Nii Amarh Amarteifio on Monday, 3 June 2019, said the current Interpol albatross is frustrating the CEO’s efforts to mobilise funds to pay his customers.

A removal of the Interpol red alert, Menzgold noted, will enable the company’s CEO to “freely communicate and meet with our global business associates and partners, who have expressed preparedness following our favourable judgment in the Dubai Court on the 9th April 2019, to assist financially and for us to adequately settle our cherished customers/company debt liabilities as soon as possible, as we seek to resolve and give immediate closure to these disturbing matters of the past few months and in order to go ahead with our business as Ghana’s gold hub.

“We are hoping that the government will make a decision regarding these disturbing issues soon, to make way for an immediate amicable resolution in its best interest and that of our cherished customers, staff body, the company and the general public at large, as we seek to continue to contribute our bits to national development”, the statement added.

Read the full statement below:

RECOVERY OF FUNDS FROM DUBAI, INTERPOL ARREST AND THE CONTINUED DETENTION OF OUR CHIEF EXECUTIVE OFFICER

All customers and the general public should be advised that our Emirati, English, American and Ghanaian lawyers have forwarded a comprehensive communication to the Government of Ghana regarding the recovery of company funds from a Dubai Gold Company called Horizon Royal Diamonds.

The facts of the appeal and more importantly, the unjustifiable Interpol arrest and continued detention of the Chief Executive Officer of our company via the Interpol Red Alert Order by the Ghanaian Government.

Among other pertinent factual issues raised with supporting documents, we urged the government to respectfully revoke the Interpol Red Notice Order or agree to a bail bond for the immediate release of our Chief Executive Officer of Menzgold to:



1. Continue to pursue the 750kg of gold, now worth $39 million from Horizon Royal Diamonds legally without this justice obstruction and funds from other debtors worldwide.

2. For the CEO to freely communicate and meet with our global business associates and partners, who have expressed preparedness following our favourable judgment in the Dubai Court on the 9th April, 2019, to assist financially and for us to adequately settle our cherished customers/company debt liabilities as soon as possible, as we seek to resolve and give immediate closure to these disturbing matters of the past few months and in order to go ahead with our business as Ghana’s Gold Hub.

3. We are hoping that government will make a decision regarding these disturbing issues soon, to make way for immediate amicable resolution in its best interest and that of our cherished customers, staff body, the company and the general public at large, as we seek to continue to contribute our bits to National development.

Thank you.

Signed

Nii Amarh Amarteifio Head of Communications, Menzgold Ghana Ltd.