Ghanaian journalist and co-host of Happy98.9 FM’s “Happy Morning Show”, Raymond Nyamador has expressed strong concerns about the recent actions and statements from Nana Appiah Mensah, popularly known as NAM 1, the CEO of Menzgold.
Mr. Nyamador who has been closely following the Menzgold saga, cautioned that NAM 1’s freedom has created fertile ground for fraudulent activities and investment jokes to thrive in Ghana.
“Some customers of Menzgold have had closure, so Nam1 shouldn’t be out here talking like that and stop playing. He is taking his customers for granted and, for that matter, Ghanaians. When he comes talking like that, he would get people angry. He clearly doesn’t have money to pay anybody anywhere,” Mr. Nyamador emphasized.
The backdrop to his remarks is the ongoing Menzgold crisis, which has left many customers with their investments locked up for years. However, on August 18 NAM 1 announced that customers must pay GH¢650 for their transactions to be verified before they are paid. This move was met with skepticism and frustration from many customers who had already been waiting for years to access their funds.
A recent attempt by a customer to follow the “pay before verification” process revealed a shocking timeline, as @CediRates cited that the locked-up funds would only be released by 2025, adding to the distress of Menzgold investors.
In a surprising turn of events, NAM 1, in a statement on August 20, declared that the “pay before verification” requirement would be halted, pending a review. This abrupt change in stance has further fueled skepticism and frustration among Menzgold customers.
This announcement also comes after his previous failed attempt with the launch of the “payboy” scheme for aggrieved customers to assess their money.
Raymond Nyamador’s critical remarks serve as a reminder of the deep-seated concerns and grievances held by Menzgold customers, who have been enduring financial hardship and uncertainty for years. As the Menzgold saga continues to unfold, many are eagerly awaiting a resolution that will provide clarity and closure to the investors who have been affected by the crisis.
By: Jude Tackie
