Menzgold Boss Nana Appiah Mensah jumps bail, relocates to South Africa

Menzgold Boss Nana Appiah Mensah jumps bail, relocates to South AfricaBusinessman Nana Appiah Mensah is believed to have jumped his bail condition and relocated first to Nigeria through the Togo Border and then to South Africa where his family has already been since the news of the Menzgold scam broke.

Nana Appiah Mensah was first invited in October 2018 for questioning at the EOCO. Later on Wednesday, November 21, he was picked up by the Bureau of National Investigations where he was granted bail under certain conditions. Our source refused to disclose the full conditions. It is now believed that he has jumped bail and has not reported three times in a row while his phone and other forms of contacts are unreachable. is reliably informed government intends to use all available state resources at its disposal to ensure NAM 1 is brought to justice for duping unsuspecting Ghanaians. Another source at the Economic and Organized Crime Office (EOCO) with knowledge on the matter hinted this portal that NAM1 broke his bail about 8 days ago and a one-week ultimatum was given him.

After this, it is expected that the government will use whatever resources at its disposal to smoke him out from wherever he will be hiding in the world. Our source refused to state whether NAM 1’s passport was actually seized or not.

While this news came to our attention about a week ago, our source warned against publication as it had a potential of causing Menzgold customers to react in a disturbing way following their notification of police of their protests in Kumasi, and in Tarkwa this week.

But influential Nephew of President Akufo-Addo active in government but without a portfolio, Gabby Asare Otchere-Darko has now confirmed for the public the news of the NAM’s running away.

“I understand the owner of Menzgold, Nana Appiah Mensah, has breached his bail condition and absconded. We can’t allow those who allegedly dupe people with such impunity to get away with it that easily.” He said.

“Let’s smoke them out, wherever they are, and throw the book at them! While I will not want a pesewa of my tax money to be involved with this Ponzi matter, I believe majority of Ghanaians will agree with me that the law must come down heavily on those who use such schemes to destroy the lives of many people.” He added.

It is suspected that NAM 1 first moved to Nigeria via Togo with the help of some immigration officials and from Nigeria, he found his way back to South Africa where his wife and children are.

NAM1’s mother, sister, wife and son

Currently, his mother and sister are in Ghana doing some asset recovery with some particular clients of Menzgold. They were last sighted at Nima Police Station where they had caused the arrest of one customer over breach of contract.

He has however moved his nuclear family out of Ghana for fear of their safety as authoritatively reported.

Mr Appiah Mensah moved his son and wife, Roselyn out of Ghana to South Africa where he owns a stream of real estate.

His wife’s fashion and jewellery shop, Rozy’s Collections in Accra has been closed and items emptied. Neighbours say the shop was emptied by a team who came around at night with 3 Tundras and one KIA pickup about two weeks ago to pack the shop wares.

His mother, Mrs Eva Brew and sister, Abigail Mensah who played prominent roles in the business are however in the country chasing their own debtors, learnt. Nana Appiah Mensah is believed to have named Brew Marketing Ltd, where Menzgold customers bought their fake gold, after his mother, Mrs Eve Brew.

Menzgold bosses ‘selling off assets, planning to relocate outside Ghana’ – Menzgold Staff

Menzgold bosses 'selling off assets, planning to relocate outside Ghana' – Menzgold StaffStaff of troubled gold-trading firm, Menzgold Company Limited, have accused the management members of the tottering firm of living extravagant and profligate lifestyles even as the company is in crisis and struggles to find money to pay several thousands of aggrieved clients whose investments are locked up with the firm.

The staff, who were recently asked by the CEO, Nana Appiah Mensah (NAM1) to proceed on leave until 20 December 2018, said in a statement that: “Our loyalty to both company and clients led to four months with no pay so as to bring an end to this crisis while they (management) live lavishly without remorse”.

According to the staff, the management members are secretly selling off assets of the company and keeping the proceeds for themselves, with the intention of relocating outside the country to enjoy their booty.

“We also wish to inform clients that management has started selling off assets for personal gain and to also settle their close friends.”

“We confirm the travel plans of management members outside the country. Some tried and have been deported”, the staff said.

Apart from the warnings and directives from the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) which led to Menzgold’s shutdown, thus, the crisis, the staff said the management members of the company are partly to blame.

Related: George Quaye appointed PRO for MenzGold Ghana

“It is unfortunate to say that aside from certain external forces which caused this crisis, internal misappropriation is a key factor”, they claimed, explaining:

“Management members have fraudulently acquired properties such as luxury houses, schools, flashy and luxury cars and many more to dwindle the finances of the company. We, therefore, wish that EOCO investigates them”.

The staff also said while they believed in Menzgold and had confidence in its operations, and, so, invested heavily in the gold collectables product, the management members did not demonstrate the same confidence since they invested relatively negligible amounts in the same product.

“It is also sad to note that while staff believed in the product of the company, management members did not. An investigation into the trading pattern of management showed they had very little transactions even compared to most staff who invested heavily into the company. Some comments of management members such as: ‘I have acquired enough to live a good life should the company fold up’, and many more in recent times depict their intention”.

As far as the payment of clients’ locked-up investments is concerned, the staff revealed that:

“We confirm that management members are secretly paying off clients without a proper schedule and assurance to other clients. This makes their act suspicious and unfair whenever money is made available. Research conducted reveals that the powers in governance are aiding persons to retrieve funds but these same powers are reluctant in seeking the best solution for all”.

Menzgold, Zylofon Media CEO purchases $66m Gulfstream G650 private jet

The Chief Executive Officer (CEO) of Menzgold Ghana Limited and Zylofon Media (sister company), Nana Appiah Mensah, has raised the bar freaking high for the rich and powerful in Ghana with the purchase of a state of the art private jet.Menzgold, Zylofon Media CEO purchases $66m Gulfstream G650 private jetThe new jet, a Gulfstream G650, is valued at $66.5m and is capable of near speed of sound flight.

Appiah Mensah, the young Ghanaian CEO who is working to revolutionize indigenous industries, unveiled the lavish new property on Instagram.
He expressed gratitude to God as he showed off his new possession. Savage to his enemies, as usual, he captions the video “Too noisy in the presence of ma enemies though…”

“Weeping may last for the night but, joy cometh in the morning. He truly makes ALL things beautiful in his own time.”

In another post, he captioned a photo saying: “Unveiling….90%Destiny may be delayed, but can never be changed. God is involved. light at the end of the tunnel”Menzgold, Zylofon Media CEO purchases $66m Gulfstream G650 private jet

Check out a video of the Gulfstream jet below.

Source: Samcilla/