GENERAL NEWS

Judge threatens to free NAM 1 over lack of progress in trial

The Accra circuit court presided over by Her Honour Evelyn Mensah has warned prosecution in the case in which the Chief Executive Officer (CEO) of defunct gold dealership company Menzgold, Nana Appiah Mensah is facing 61 charges that, should nothing substantial come up at the next court date, the case would be struck out.

In court on Thursday, when the case was called, the prosecution led by ASP Sylvester Asare told the court that he has instructions from the Attorney General to ask for time while the docket is being worked.

The court did not take it lightly with the prosecution’s reason for the case to be adjourned.

The court, however, warned that it would be the last time such an excuse would be entertained and that if they fail to come with anything substantial at the next adjourned date, she will discharge the accused person.

Background

Nana Appiah Mensah has been charged with 61 counts including money laundering, unlawful deposit-taking and sale of minerals.

The plea of the accused person has since not been taking and prosecution keeps coming to court with excuses of dockets being worked on by the AG’s office.

Until the AG’s advise on the docket is received for the next line of action to be made known the prosecution, the trial cannot progress but the judge has warned prosecution that if nothing but same excuse is giving to the court, she will strike the case out.

The Securities and Exchange Commission (SEC) in September 2018 asked Menzgold to cease its gold derivative business as that amounted to deposit-taking which it was not licensed to do and since that time NAM 1, has embattled the way to paying the numerous of Menzgold customers who are demanding their locked up cash.

The case has been adjourned on April 7, 2020.

 

Source: starrfm.com.gh

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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