Police deposit GH₵2.5m received from NAM1 at BoG



The Ghana Police Service says it has deposited the GH¢2.5 million it received from Nana Appiah Mensah, the Chief Executive Officer of the defunct gold dealership firm Menzgold, at the Bank of Ghana.

The service made the announcement in a statement dated October 24, 2023.

“The Police, on the advice of the Office of the Attorney-General (AG), on Friday, October 20, 2023, received an amount of GH₵2.5 million from the founder of the defunct Menzgold company, Nana Appiah Mensah, popularly known as NAM 1. The said amount has been deposited in the Police Exhibit account at the Bank of Ghana (BoG) for the attention of the Court.”

The police service said the amount 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.

“We would like to state that the decision on the disbursement of the money would be determined by the court,” the police service added in its statement.

The CEO of defunct Menzgold Ghana Limited, was on September 19, granted bail to the tune of GH¢500 million with four sureties, none to be justified after he was dragged to court for allegedly defrauding his clients.

He was also directed to deposit his passport at the court registry as part of the bail conditions.

This follows his plea of not guilty to 39 counts of fraud and money laundering charges which he is standing trial for together with Menzgold Ghana Limited and Brew Marketing Consult.

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