\n
The Convenor of Proud Menzgold Customers, Maurice Ampaw, has averred that the outcome of the court proceedings involving the Chief Executive Officer of embattled gold dealership firm, Nana Appiah Mensah, otherwise known as NAM1 will not serve in the interest of customers.<\/p>\n
He stated categorically that prosecuting NAM1 will not help retrieve their locked-up funds, hence, the need for the government to support him to get his investments from Horizon Diamond in Dubai.<\/p>\n
The legal luminary further said it was prudent for both customers and the government to believe in the vision of Nana Appiah Mensah.<\/p>\n
Speaking at a press conference held in Accra on Friday, January 5, 2024, Maurice Ampaw said, \u201cGranted that the matter before the court, the prosecution of NAM1 will end up in two things. Either NAM1 will be convicted and sentenced. The sentence can come in two forms, can be a fine, can be a custodial sentence, it can be a pardon\u2026 or NAM1 will be acquitted and discharged. \u201c<\/p>\n
\u201cIn both scenarios, it does not serve our interests. It doesn\u2019t bring back our money so to us, what is happening in the court does not serve the prime interest of the Menzgold customers because if NAM 1 is incarcerated, we will not get our money back. If he is acquitted and discharged, we will not get our money back. What will make us get our monies back is to continue to believe in what NAM1 stands for,\u201d he added.<\/p>\n
In his view, monies from the Dubai investment can settle the debt owed customers.<\/p>\n
NAM1 has been slapped with 39 counts of defrauding by false pretense, engaging in gold trading without a license, and money laundering.<\/p>\n
Meanwhile, the Minister of Justice and Attorney General, Godfred Yeboah Dame, has said justice will be served all Menzgold customers.<\/p>\n
It would be recalled that in 2018, Menzgold was asked, by the Securities and Exchange Commission (SEC), to suspend its gold trading operations with the public.<\/p>\n
According to SEC, Menzgold had been involved in the purchase and deposit of gold collectables from the public and issuing contracts with guaranteed returns to clients without a valid license from the Commission.<\/p>\n
This was in contravention of \u201csection 109 of Act 929 with consequences under section 2016 (I) of the same Act,\u201d according to the SEC.<\/p>\n
Source:\u00a0<\/strong>www.ghanaweb.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Convenor of Proud Menzgold Customers, Maurice Ampaw, has averred that the outcome of the court proceedings involving the Chief Executive Officer of embattled gold dealership firm, Nana Appiah Mensah, otherwise known as NAM1 will not serve in the interest of customers. He stated categorically that prosecuting NAM1 will not help retrieve their locked-up funds, […]<\/p>\n","protected":false},"author":1,"featured_media":136875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-136874","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"\n
Prosecution of NAM1 does not serve interest of Menzgold customers \u2013 Maurice Ampaw \u2013 - 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\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prosecution of NAM1 does not serve interest of Menzgold customers \u2013 Maurice Ampaw \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Convenor of Proud Menzgold Customers, Maurice Ampaw, has averred that the outcome of the court proceedings involving the Chief Executive Officer of embattled gold dealership firm, Nana Appiah Mensah, otherwise known as NAM1 will not serve in the interest of customers. He stated categorically that prosecuting NAM1 will not help retrieve their locked-up funds, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-06T09:49:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/01\/image_2021-01-12_133436.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"397\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Prosecution of NAM1 does not serve interest of Menzgold customers \u2013 Maurice Ampaw \u2013\",\"datePublished\":\"2024-01-06T09:49:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/\"},\"wordCount\":392,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/image_2021-01-12_133436.png\",\"articleSection\":[\"Top News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/\",\"name\":\"Prosecution of NAM1 does not serve interest of Menzgold customers \u2013 Maurice Ampaw \u2013 - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/image_2021-01-12_133436.png\",\"datePublished\":\"2024-01-06T09:49:56+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/image_2021-01-12_133436.png\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/image_2021-01-12_133436.png\",\"width\":600,\"height\":397},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/01\\\/06\\\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Prosecution of NAM1 does not serve interest of Menzgold customers \u2013 Maurice Ampaw \u2013\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Prosecution of NAM1 does not serve interest of Menzgold customers \u2013 Maurice Ampaw \u2013 - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/","og_locale":"en_US","og_type":"article","og_title":"Prosecution of NAM1 does not serve interest of Menzgold customers \u2013 Maurice Ampaw \u2013 - Ghanamma.com","og_description":"The Convenor of Proud Menzgold Customers, Maurice Ampaw, has averred that the outcome of the court proceedings involving the Chief Executive Officer of embattled gold dealership firm, Nana Appiah Mensah, otherwise known as NAM1 will not serve in the interest of customers. He stated categorically that prosecuting NAM1 will not help retrieve their locked-up funds, […]","og_url":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/","og_site_name":"Ghanamma.com","article_published_time":"2024-01-06T09:49:56+00:00","og_image":[{"width":600,"height":397,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/01\/image_2021-01-12_133436.png","type":"image\/png"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Prosecution of NAM1 does not serve interest of Menzgold customers \u2013 Maurice Ampaw \u2013","datePublished":"2024-01-06T09:49:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/"},"wordCount":392,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/01\/image_2021-01-12_133436.png","articleSection":["Top News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/","url":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/","name":"Prosecution of NAM1 does not serve interest of Menzgold customers \u2013 Maurice Ampaw \u2013 - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/01\/image_2021-01-12_133436.png","datePublished":"2024-01-06T09:49:56+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/01\/image_2021-01-12_133436.png","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/01\/image_2021-01-12_133436.png","width":600,"height":397},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/01\/06\/prosecution-of-nam1-does-not-serve-interest-of-menzgold-customers-maurice-ampaw\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Prosecution of NAM1 does not serve interest of Menzgold customers \u2013 Maurice Ampaw \u2013"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/136874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=136874"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/136874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/136875"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=136874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=136874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=136874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}