{"id":671081,"date":"2019-08-03T16:02:58","date_gmt":"2019-08-03T16:02:58","guid":{"rendered":"<br><div>\n\t\t\n<p><strong>Nana Appiah Mensah aka NAM1<\/strong><\/p>\n\n\n\n<p>The embattled Chief Executive Officer (CEO) of\nMenzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, has filed an application at\nan Accra Circuit Court begging it to reduce the GH\u00a21 bi"},"modified":"2019-08-03T16:02:58","modified_gmt":"2019-08-03T16:02:58","slug":"nam1-begs-judge-to-review-gh%c2%a21bn-bail","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/08\/03\/nam1-begs-judge-to-review-gh%c2%a21bn-bail\/","title":{"rendered":"NAM1 Begs Judge To Review GH\u00a21bn Bail"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Nana Appiah Mensah aka NAM1<\/strong><\/p>\n<p>The embattled Chief Executive Officer (CEO) of<br \/>\nMenzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, has filed an application at<br \/>\nan Accra Circuit Court begging it to reduce the GH\u00a21 billion bail granted him.<\/p>\n<p>According to an affidavit in support of the<br \/>\napplication deposed to by Yvonne Akuffo-Addo of Kwame &amp; Co. Unlimited law<br \/>\nfirm, \u201cNAM1 himself is not worth GH\u00a21 billion and it would, therefore, be<br \/>\ndifficult for him to execute it.\u201d<\/p>\n<p>The application said that the bail granted NAM1<br \/>\nis the largest that has ever been granted in the history of the nation in<br \/>\ncriminal proceedings and this, it said, is tantamount to the court refusing to<br \/>\ngrant him bail.<\/p>\n<p>The application wants the bail to be reduced<br \/>\nfrom GH\u00a21 billion to GH\u00a25 million.<\/p>\n<p><strong>Trial<\/strong><\/p>\n<p>The trial of NAM1 commenced at an Accra Circuit<br \/>\nCourt where he together with his wife Rose Tetteh and his<br \/>\nsister Benedicta Appiah (both at large) are facing a total of 13 counts of<br \/>\ndefrauding by false pretences, money laundering, abetment and carrying on<br \/>\ndeposit-taking business without licence.<\/p>\n<p>His companies \u2013 Menzgold Ghana Limited and Brew<br \/>\nMarketing Consult Limited \u2013 have also been charged with seven counts of<br \/>\ndefrauding by false pretences, and carrying on deposit-taking business without<br \/>\nlicence.<\/p>\n<p>NAM1 pleaded not guilty to all the charges and<br \/>\nthe court presided over by Jane Harriet Akweley Quaye granted him bail to the<br \/>\ntune of GH\u00a21 billion (about $185 million) with five sureties, three of which<br \/>\nare to be justified.<\/p>\n<p>Additionally, he was ordered by the court to<br \/>\nreport to the police every Wednesday.<\/p>\n<p>Checks by <strong><em>DAILY GUIDE<\/em><\/strong> indicate that NAM1 is<br \/>\nstill in the custody of the police while his legal team and staff are fervently<br \/>\nworking to get him out.<\/p>\n<p><strong>Statement<\/strong><\/p>\n<p>A statement issued by his company indicated<br \/>\nthat as of last Friday when the bail was granted to NAM1, his team had been<br \/>\nable to get all five sureties and the three to be justified had also submitted<br \/>\nvarious documents to prove ownership. <\/p>\n<p><strong>Variation<\/strong><\/p>\n<p>However, his lawyers have now filed an application saying that \u201cunder the circumstances and considering the fact that 3rd accused\/applicant (NAM1) made a voluntary return to the jurisdiction, it is respectfully prayed that the bail bond be reduced to five million (GH\u00a25,000,000) which is a realistic and reasonable burden to impose on the 3rd accused\/applicant\u00a0\u00a0 whose entire assets and revenue streams have been taken over by the government.\u201d<\/p>\n<p><strong>BY Gibril Abdu Razak<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nana Appiah Mensah aka NAM1 The embattled Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, has filed an application at an Accra Circuit Court begging it to reduce the GH\u00a21 billion bail granted him. According to an affidavit in support of the application deposed to by Yvonne Akuffo-Addo of Kwame [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":665118,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-671081","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NAM1 Begs Judge To Review GH\u00a21bn Bail - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/08\/03\/nam1-begs-judge-to-review-gh\u00a21bn-bail\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NAM1 Begs Judge To Review GH\u00a21bn Bail - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Nana Appiah Mensah aka NAM1 The embattled Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, has filed an application at an Accra Circuit Court begging it to reduce the GH\u00a21 billion bail granted him. 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