Nana Appiah Mensah, popularly known as NAM1, who called the bluff of the government to cease using his company, Menzgold, for deposit taking from clients, because it has not been licensed to do so, has finally broken his license.
After calling the Bank of Ghana a joke, and with his long stay in Dubai jail and subsequent struggles to meet his bail conduction in Ghana, he surprisingly called a news conference in Accra yesterday, under tight security, to rather set conditions for the same government to fulfill, if he is to raise money to pay his clients.
The Chief Executive Officer and founder of defunct Menzgold Ghana Company Limited and sister companies, said he can only pay customers and business associates if the government assists him to recover the USD$39,000,000 owed by Horizon Royal Diamond in Dubai.
In fact, the embattled Menzgold CEO said: “As an act of good faith, we are willing to engage the Attorney General’s office on the best possible way for them to aid Menzgold by employing international law and diplomatic relations to ensure we achieve this objective.”
Similarly, he wants the state authorities to unfreeze his companies’ personal bank accounts and assets to give him some breathing
NAM1, addressing the media in Accra said: “As of now, Brew Marketing
Consult, Menzgold and I cannot credit or debit any bank account in
Ghana.
“This is why it is highly imperative to consider this kind request, as I
believe government shares in our resolve and would do all that which is
needful in our quest to satisfy the populace, who are our customers.”
He claimed that Menzgold is a new business module, which is neither a
securities company nor a financial firm, hence queried actions of
government the agent or agency that has an oversight jurisdiction over a
‘gold collectible/jewellery trade’ in the county.
To him, the government should supply him with an answer, so that the he
can do the right thing by applying for the necessary processes and
certifications to legitimise his business of collectible/jewellery
trade.
“As we have publicly demonstrated, we are open to fair supervision and
are opposed to no supervision, misconceived supervision or supervision
with malicious intents, respectfully,” he stressed.
It would be recalled that NAM1, at the genesis of the brouhaha called
Bank of Ghana (BoG) a joke and flexed his muscles at the Securities and
Exchange Commission (SEC). His quick u-turn to call on the government to
help him recovery 750kgs of gold money comes as a surprise.
Nevertheless, he has compared the situation to founders like Facebook’s
Mark Zuckerberg, SnapChat’ Evan Spiegel, Bobby and Reggie, Alibaba’s
Jack Ma, Amazon’s Jeff Bezos and many others who suffered similar fate,
while trying to breakthrough.
According to him, these personalities fought several oppositions in
order to make their mark on the global map and can now be described as
multibillion companies.
He, however, finds the current situation a setback, which are just
symptoms of disruptive business ideas, adding, “Menzgold is today
characterised by same traits and I have no doubt in mind that our
company is on the path to greatness and global prominence.”
Mr Appiah Mensah averred that, “if these three propositions are reviewed
and considered, we shall confidently proceed to make the necessary
arrangements to start paying our customers immediately under my watch.
This I say with my personal guarantee.”
Detention in Dubai
NAM1 talked of his sorrowful experience while under detention in Dubai.
He described it harrowing, daunting, terrific and horrific experience.
According to him, the detention has affected his health that resulted
swellings-blood clots in his pelvic region and knees with excruciating
pains following a past surgical procedure.
The experience, he said has refined him and feels much older than his 36
years age, stating “I am fulfilled and ready for greater exploits,
highly motivated to add up to our previous gain. I am happy about the
disruption, a key trait about a successful business prospect in this
information age, is the ability to scale.”
