Founder and leader of Heaven’s Gate Ministries, Prophet Nicholas Osei, popularly known as Prophet Kumchacha, has revealed that former President Nana Addo Dankwa Akufo-Addo encouraged him to invest in the now-defunct gold trading company, Menzgold Ghana Limited.
Speaking during a discussion on Adom FM, Prophet Kumchacha revealed that prior to committing funds to the company, he sought counsel from the former president, who reportedly endorsed the decision.
“When I was about to invest my money in Menzgold, I consulted former President Nana Akufo-Addo, and he told me it was a good decision to invest there. He motivated me to go ahead with my investment in Menzgold. After I invested my money and it locked, I returned to him and he assured me that I would get my money back. However, to this day, I have not received it,” Kumchacha stated.
Prophet Kumchacha, who is believed to be among the many Ghanaians whose investments have been locked up since the company’s shutdown, has expressed immense disappointment with both the previous government and the company’s CEO, Nana Appiah Mensah, popularly known as NAM1.
Kumchacha further questioned NAM1’s integrity and spiritual standing.
“As for NAM1, I believe he won’t make it to heaven. The Bible says ‘Thou shall not judge,’ but in the case of Nam 1, I will judge him,” he said.
Menzgold was ordered to shut down its operations in 2018 by the Securities and Exchange Commission (SEC).
According to the regulator, the company was operating without the necessary licenses and in violation of the Securities Industry Act, 2016 (Act 929).
Numerous legal disputes and public outcry have been triggered in recent years by the shutdown of the gold trading company, which prevented hundreds of consumers from accessing their investment.
