Vice-President Dr. Mahamudu Bawumia has been congratulated by the Coalition of Angry Menzgold Customers on his election as the ruling New Patriotic Party’s presidential candidate.
The Menzgold customers, who are still demanding the payment of their frozen investments, have stated in a statement signed by coalition executives and convener Fred Forson that they anticipate the election of Bawumia as the NPP flagbearer will benefit the majority of Ghanaians.
“As CACM, it is our expectation that next election will evolve ideas and messaging that will make provision for the welfare of all Ghanaians irrespective of socio-political background and that this democracy will fulfil the dreams of our fore bearers,” the statement read in part.
Meanwhile, Nana Appiah Mensah, also referred to as NAM1, the troubled CEO of Menzgold, is facing new charges from the Attorney General’s Office.
In addition to bringing the new charges at an Accra High Court today, the state attorney withdrew all of the previous ones against him.
Yvonne Atakora, the director of prosecution, gave an explanation of how changes to some of the figures (amounts involved) in the case required the filing of new charges.
She went on to say that the pursuit of justice was the driving force behind this choice.
The matter has been postponed until December 4, 2023, so that NAM1’s attorneys have enough time to examine the additional allegations.
On September 19, the CEO of the now-defunct Menzgold Ghana Limited was granted bail totaling GH¢500 million with four sureties—none of which were deemed necessary—after he was brought before the court on charges of defrauding his clients.
NAM1 recently revealed that Menzgold has paid 5,000 of its clients. Initially, the business had asked clients for all relevant paperwork to speed up the payment validation process. But the company later explained in a communication that a large percentage of the claims that were submitted had errors in them, making sixty percent of the claims unsuitable for settlement.
Furthermore, the now-defunct business suggested that clients with funds in escrow should enroll for 650 cedis to find out if they qualify for reimbursements.
