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NAM 1’s Lawyers Challenge Bench Warrant

Chief Executive Officer of defunct gold dealership company MenzGold Ghana Limited, Nana Appiah Mensah, popularly known as NAM 1, says he has directed his lawyers to appeal a bench warrant issued for his arrest.

The Adentan Circuit Court in Accra on Thursday, November 4, 2021, issued a bench warrant for the arrest of the NAM 1 and two others for allegedly defrauding some people.

The court issued the warrant following the failure of the accused persons to appear in court.

NAM 1 in a statement on Friday however denied any wrongdoing and has subsequently directed his lawyers to appeal the ruling by the circuit court.

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According to NAM 1, he did not purchase, acquire or transact any business of any sort in connection with the purchase of some three vehicles, of which one has been paid for.

Nana Appiah Mensah in the statement indicated that his only role in the transaction was that of an arbiter, adding that he only came in as a third party to help resolve some issues concerning the two other vehicles upon the request of the two parties.

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It is unclear if the warrant is related to the collapse of Menzgold.

Mr. Appiah Mensah had previously been slapped with 13 counts of defrauding by pretenses, money laundering, abetment, and carrying on deposit-taking business without license contrary to Section 6 (1) of the Banks Specialised Deposit-taking Institutions Act, 2016 (Act 930).

This was after he was accused of defrauding 16,000 customers of about GHS 1.68 billion.

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Source: GhArticles.com

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