General News

NAM 1 will return to court on September 27.

The lawsuit against Nana Appiah Mensah, also known as NAM 1, the former CEO of Menzgold, a now-defunct gold dealership company, was postponed until September 27.

This was due to the judge’s absence at the time.

The prosecution informed the court during the most recent court session on July 16 that they are still awaiting the Attorney-General office’s opinion on the situation.

On February 21 of this year, Nana Appiah Mensah’s attorneys requested that the allegations against him be dropped if the prosecution was not yet prepared.

NAM1 has been appearing in court since 2019 on charges that include defrauding under false pretenses, but the trial has not yet started.

Background

NAM 1 was initially accused of 13 offenses, including money laundering, operating an illegal deposit-taking business, selling minerals without a license, and aiding and abetting criminal activity.

Later, the charges were changed to count 61, and he has not yet entered a plea to them.

The accused is accused of robbing consumers of various sums of money totaling GH1.6 billion.

The CEO of Menzgold, also known as NAM 1, was the subject of new accusations brought by the State against him in the Accra Circuit Court on June 24, 2020.

Then, DSP Sylvester Asare informed the court that he had been instructed to keep the new charges and the accused’s entering of a plea.

On July 26, 2019, the Circuit Court granted NAM1 bail in the amount of GH $1 billion cedis with five sureties, three of whom had to provide justification.

He had entered a not guilty plea to each of the State’s first 13 allegations. Since then, the state has changed its charged sheet, which has not yet been relocated.

Additionally, he must appear at the police every Wednesday at 10:00 a.m.

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