Home NEWS Customers of Menzgold Pleads Parliament in order to recover frozen Funds

Customers of Menzgold Pleads Parliament in order to recover frozen Funds

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Customers of Menzgold are requesting the intervention of Parliament in order to recover frozen Funds
Customers of Menzgold are requesting the intervention of Parliament in order to recover frozen Funds

Customers of Menzgold Company Limited, a defunct gold dealership firm, are urging Parliament to probe the company’s closure three years after it went bankrupt.

They also demand an investigation into the circumstances surrounding the alleged disappearance of 400 kg of gold bars during the closing of the company by the Economic and Organized Crime Office (EOCO).

Customers lamented the government’s lack of commitment to having their money returned to them. They are also dissatisfied with the delay in the prosecution of Menzgold’s Chief Executive Officer (CEO), Nana Appiah Mensah, also known as Nana Appiah Mensah Mensah.

Fred Forson, a spokesperson for the dissatisfied customers, told journalists at a press conference in Accra:

“We demand that Parliament investigate Menzgold’s closure, including the role of the SEC and EOCO, as well as the CEO and board members’ bank accounts at Menzgold and Brew Marketing Companies. It’s also worth looking into the location of around 4000 kg of gold assets.”

Following a suspension order from the Securities and Exchange Commission (SEC), Menzgold Ghana Limited has struggled to reimburse its customers since the company’s bankruptcy in 2018.

Customers have been assured that the company will pay them their locked-up cash, which have been in arrears for the past three years, but this has yet to materialize.

Customers feel that this time, Parliament’s intervention will put an end to their long-standing problems.

“Ghana should handle the unsolved Menzgold situation as an emergency national tragedy as soon as possible. We urge the government to cooperate closely with the august house in the spirit of collaboration that is blowing in parliament to find an equitable solution to the predicament that customers are facing. Finding a solution will save the lives of over a million Ghanaians who are on the verge of extinction.

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