The CEO of Menzgold Nana Appiah Mensah popularly known as NAM1 has won his court case in Dubai and he is set to return to Ghana soon.
According to Starrfmonline, the court pronounced judgment on Tuesday, April 9 and ordered the company, with which he had had issues, to pay him all outstanding debts.
Sammy Flex on "Showbiz Agenda" on Zylofon FM today, April 9 also confirmed that NAM1 has been set free and will soon return to Ghana.
Lawyers for NAM1 are expected to soon put out details of the case.
Police sources according to Graphic Online disclosed that since there is an INTERPOL alert on NAM1, it is expected that he would be handed over to Ghana Police for him to face criminal charges against him in Ghana.
NAM 1 has been in Dubai cell since November 2018 over a gold deal gone bad.
PRO of MenzGold Nii Armah also shared a post on Facebook suggesting that NAM1 has been victorious in his court case.
A Dubai-based businessman reported NAM1 for fraud in May 2018. Unaware that he was on the Dubai police’s wanted list, NAM1 went to the Emirates with the hope of receiving a huge amount of money due him as a result of his earlier transactions with the Emirati, only to be arrested when he presented his passport to undergo immigration formalities.
Several customers of his defunct gold firm have on several occasions demonstrated in Accra, Takoradi and Tarkwa calling on government to intervene and help them retrieve their locked up cash.
MenzGold saga: NAM1 granted bail but has been rearrested in Dubai
The Criminal Investigations Department of the Ghana Police Service has last week revealed that embattled CEO of Menzgold Nana Appiah Mensah, NAM1 has been rearrested in Dubai.
The Director-General of the CID, DCOP Maame Yaa Tiwaa Addo-Danquah addressing journalists at a press conference on Tuesday, 2nd April 2019, said " On the 4th of March, NAM1 was granted bail and there were some conditions for the bail, on March 25, he was able to execute the bail and his lawyers obtained a letter for his release"
"Due to the red alert notice from The International Criminal Police Organization,(INTERPOL), he was rearrested on the instructions of INTERPOL, the Dubai Police arrested him again and is still in their custody, the case hasn't ended and he will be handed over to Ghana if they are done with him"
Menzgold customers storm EOCO; demand asset liquidation
Some aggrieved customers of defunct Menzgold Ghana Limited have stormed the office of the Economic and Organised Crime Office (EOCO) in Accra.
The customers who served notice earlier to embarked on series of demonstration to demand their locked up investments, after the death of some of their members, asked for the liquidation of the seized assets of the company.
According to the customers, the government institution has not been able to come clear on the state of the seized properties.
EOCO early in 2019, secured a court order to freeze properties of Menzgold Ghana Limited as well as seven other associated companies including Menzgold’s Office Complex, Zylofon Art Complex, Brew Marketing Consult, Star Madrid Football Club, Zylofon Music and media company, Brew Energy Company Limited, G- Tech automobile service.