Embattled gold dealership firm CEO during its days of glory received several endorsements from some of Ghana’s biggest entertainment personalities.
The celebrities, from music to entertainment, were either appointed ambassadors or publicly declared their endorsement of the company.
Becca
Currently, a court has issued a warrant for the arrest of Menzgold CEO Nana Appiah Mensah, popularly known as NAM1, who is accused of defrauding by false pretence and money laundering.
It comes months after angry customers agitated for the intervention of the state after all their efforts to retrieve their investments failed.
Okyeame Kwame
Menzgold has a wide range of clients who found the promise of 7% to 10% interest on their gold collectables deposited with the company, despite regular warnings from regulators not to do business with the company.
Stonebwoy
The customers are said to include bankers, small-scale miners, top military and police officers, clergymen and women and Ghanaians living abroad.
Jackie Appiah
During its lifespan as a gold dealership company, known celebrities including Okyeame Kwame, Becca, Joselyn Dumas, Jackie Appiah and Stonebwoy were seen on posters and billboards as ambassadors of the company.
Joselyn Dumas
After the Securities and Exchange Commission (SEC) directed Menzgold to shut down its operations in September 2018, a number of personalities publicly declared their support for the company and its owner.
Nana Appiah Mensah and Sarkodie
Rapper Sarkodie declaring support for the company in a tweet said: “One man doing the most for our beloved country ?????? knowing him personally he genuinely cares about the country’s progress … might not know the ins and outs but one thing is for sure – the Nam1 mission is for a better Ghana ?? Bless @mn_appiah”.
The rapper’s wife, Tracey also wrote: “Menzgold doesn’t take deposit. They buy gold with the money you give them and work with that gold to give you a return on your investment. Which the last time i checked was around 10%. BOG should rather concentrate on the banks that are misappropriating people’s money rather than the ones actually making money for its people.”
During the heat of the unfolding drama, actress Benedicta Gafah, in a video, assured all customers of Menzgold to remain calm.
Controversial dancehall artiste, Shatta Wale, in his bit to calm the nerves of agitated customers, also announced that he had also invested in Menzgold.
Shatta Wale and Nana Appiah Mensah
Even though he did not disclose how much he had invested in the company, he said, “I’m very much [into investment]. I’m number one, the whole Ghana.”
The dancehall act called on the government to dialogue with the management of the gold dealership company a resolution to the impasse.
“It’s a problem where government and Menzgold need to sit down and come to an agreement,” Shatta Wale said.
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