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Angry Menzgold customers call for immediate arrest of NAM 1
The Coalition of Aggrieved Customers of Menzgold (CACM) Ghana has called for the immediate arrest of Chief Executive Officer (CEO) of Menzgold Company Limited, Nana Appiah Mensah (NAM1).
CACM has also urged government to confiscate all assets of NAM1 and Menzgold, including the CEO’s landed and moveable assets.
The call comes on the backdrop of a lavish signing ceremony of a new artist, Tiisha, over the weekend while, according to them, “victims of Menzgold continue to record deaths with current figure not less than 55.”
At a news conference in Accra yesterday, the General Secretary of CACM, Samuel Odartey said “ we are very much appalled by the bravado and open disregard for the laws of the land seeing NAM1, a man who has been slapped with 61 criminal charges, including money laundering, still signing financial contract and being escorted by macho men.
“If, indeed, our laws are working, which we believe it’s working, then we call on His Excellency the President to order the National Security to cause the arrest of NAM1 immediately without delay,” he added.
Also, Mr Odartey said the claim by NAM1 to have paid GH₵9.6 million to customers was false and criminal thereby challenging the CEO of the defunct Menzgold Company Limited to publish the names of those paid and indicate the amount paid with dates.
He alleged that Mr Mensah was throwing dust into the eyes of the unsuspecting public, adding that “his new scheme Payboy, which was noted to be another scam, had succeeded in scamming hundreds of customers.
The General Secretary said, according to their sources, the $39 million awarded him after winning a court case in Dubai last year had been received by NAM1, stating that the said money belonged to the customers and should be paid to them.
He stated that government’s decision to pay customers of other collapsed banks had made them come to the conclusion that their locked up investments should be paid into the consolidated fund and released to them without delay.
“Menzgold customers’ plight should be treated as an emergency national security issue to avert more deaths among customers, and that as government has decided to pay customers of other collapsed banks and fund management, we request that the same decision should be taken to pay us, since Menzgold was also closed down by government,” he said.
Source: Ghanaian Times
![Mrs Georgina Quaittoo [third from right] pose with some members of the Association Photos Okai Elizabeth.](https://spectator.com.gh/wp-content/uploads/2026/03/Mrs-Georgina-Quaittoo-third-from-right-pose-with-some-members-of-the-Association-Photos-Okai-Elizabeth.jpg)
THE Times Ladies Association, a group consisting of female staff of the New Times Corporation (NTC), on Monday commemorated this year’s International Women’s Day with a call on women to empower themselves through education, unity and healthy living to contribute meaningfully to national development.
The event, held at the NTC’s boardroom, was attended by management members and staff of the corporation and was to celebrate the achievements of women and reflect on their role in society.
In her address, the President of the association, Mrs Georgina N.M Quaittoo, said the global celebration, marked annually on March 8, recognised the economic, political and social achievements of women while raising awareness about gender equality.
Although the international celebration fell on Sunday, she explained that the association decided to mark the occasion on March 9 to enable members to participate fully and commemorate the day in their own way.
Speaking on this year’s theme: ‘Rights. Justice. Action. For All Women and Girls,’ and the global campaign theme: ‘Give to Gain,’ she the association had over the years worked tirelessly to support the growth and progress of the corporation despite the challenges they faced.
Urged members to commit themselves to deeper service to humanity and the advancement of women. She said women were unique, resilient and invaluable to society, stating that they deserved respect, appreciation, kindness and love for the vital roles they played in families, workplaces and communities.
According to her, members of the President, who is also the Editor of The Spectator newspaper, encouraged members to empower themselves academically and take advantage of opportunities to improve their lives and careers.
She also urged them to maintain healthy lifestyles by going for regular medical check-ups, exercise regularly, get enough rest and support one another.
Moreover, she advised members to accept leadership positions when given the opportunity and to exhibit qualities such as hard work, confidence, patience, compassion and responsibility in both their homes and workplaces.
Contributing, the Chanel Marketing and Circulation Manager, Mr Alfred Koomson, said women played critical roles in society and deserved to be supported and appreciated.
He urged men to recognise that they were often vulnerable species without the care, support and contributions of women in their lives.
He, therefore, commended women for the invaluable roles they play as mothers, caregivers, professionals and leaders, stressing that society would be incomplete without them.
By Esinam Jemima Kuatsinu
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GHANA celebrated her 69th Independence Anniversary last Friday with colourful parades across all 16 regions of the country.
This year’s theme: ‘Reflect, Review, Reset,’ emphasised the importance of reflecting on the nation’s journey, assessing its current state, and planning for a brighter future.
At the Jubilee House, dignitaries present were President John Mahama, Vice President Prof. Naana Jane Opoku-Agyemang, former Presidents, Akufo-Addo and John Agyekum Kufuor, behalf of the President, former President of Tanzania, and other distinguished guests.
The President, John Dramani Mahama, addressed the nation at the seat of government whiles Metropolitan, Municipal and District Chief Executives addressed their various assemblies on.
As part of the celebrations, school children paraded and displayed their marching skills whiles others performed cultural and other social activities to mark the day across the regions.
