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Video: NAM1 motivates Menzgold customers with Yaw Sarpong's song

By Mutala Yakubu
Nana Appiah Mensah aka NAM1
Nana Appiah Mensah aka NAM1

CEO of embattled gold dealership firm Nana Appiah Mensah aka NAM1 has posted a song from veteran gospel artiste Yaw Sarpong to motivate his customers.

The CEO posted Yaw Sarpong & the Asomafo Group's song 'Oko Yi' which translate to 'The battle' in english to tell the agitated customers to keep calm.

He posted the video on Instagram with the caption: Oko Yi by YawSarpong&theAsomafo

“I will have mercy on whom I have mercy, and I will have compassion on whom I have compassion." #Oh my soul magnify the Lord almighty

Menzgold over a year have been in hot waters after folding up and been unable to pay customers their locked up funds.

After several back and forth, they have begun a validation of claims as they are hoping to pay their customers by the end of the year.

READ ALSO: Gov't considers Menzgold's plea to help them retrieve $39m?

Menzgold last week announced outlets in the various regions for their customers to go and verify their documents in order for payments to be effected to them.

Menzgold folded up last year after the Securities and Exchange Commission (SEC) ordered it to suspend its operation with the public. Several efforts by the customers targeted at the company to get their monies have failed to yield any positive results.

According to the Commission, Menzgold did not have the license to trade in gold collectibles and that doing so was in contravention of the Securities Industry Act, 2016 (Act 929)

NAM1 says he has tried all means to get cash and pay the aggrieved customers and one of such plans led him to UAE where he was arrested.

READ ALSO: Menzgold begins validation of claims

After several months, the court in the UAE ruled that Horizon Diamonds should pay NAM1 some $39 million for gold supplied.