Seize NAM1's $39M From Dubai - Inusah Fuseini
Seize NAM1's $39M From Dubai - MP to Government

Inusah Fuseini, a Member of Parliament (MP) for Tamale Central has called upon the government of Ghana to seize Nana Appiah Mensah, NAM1’s $39 million locked up in a Dubai company coming into the country. (Audio below)

Nana Appiah Mensah is the CEO of embattled gold dealership firm, Menzgold Ghana. Menzgold Ghana is to be awarded an amount of $39 million from a deal made with a Dubai company, Horizon Royal Diamonds.

According to Inusah Fuseini, by seizing the said amount which is coming in from Dubai, the government will be protecting the interest of Ghanaian depositors who traded with the company.

Seize NAM1's $39M From Dubai - MP to Government
Inusah Fuseini

To this end, government would have to take the necessary action to ensure that it retrieves whatever money including the $39 million locked up in a Dubai firm in the interest of paying the customers. “I get the impression that the government doesn’t want to create an impression that it has a responsibility towards ensuring that Ghanaians who have invested their money do not suffer. Government has no interest in Menzgold but should rather focus on the customers and how to retrieve their monies.

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“And so I want government to quarantine the $39 million locked in Dubai when it’s retrieved so it can disburse to the customers,” he stated on Joy News’ AM show.

NAM 1 at a press conference on Monday said the ability of his firm to settle debts owed his customers is among other things dependent on government’s willingness to help the company retrieve some $39 million debt owed him by Royal Horizon.

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Seize NAM1's $39M From Dubai - MP to Government
Nana Appiah Mensah

He also called on the government to unfreeze his account and that of Menzgold to enable him settle debts he owes customers.

But, the Tamale Central MP said he has never believed in the gold firm since its inception.

He said he does not know why the CEO of Menzgold, NAM1 decided to engage in a press conference, a situation he said means he is exposing himself to more trouble.

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