Thursday, 26 May

Court to rule on Menzgold, NAM1 assets auctioning Jan. 19

Menzgold CEO NAM1

The Financial and Economic Division of the Accra High Court will, on Wednesday, 19 January 2022, give its verdict on the auctioning of the properties of the now-defunct gold-trading company, Menzgold Ghana; and its CEO Nana Appiah Mensah’s (NAM1) assets.

This comes on the heels of a motion that was moved by the Economic and Organised Crimes Office, (EOCO) for some properties of the troubled company and its embattled CEO to be auctioned.

The counsel for EOCO, Mr Abu Issah, on Tuesday, 18 January 2022, moved the motion for the auctioning application signed on Friday, 19 November 2021.

According to EOCO, together with other collaborative agencies, it found out that the company was engaged in money laundering.

The presiding judge, Justice Afia Serwah Asare-Botwe, disclosed that tomorrow, Wednesday, 19 January 2022, the court will make its orders ready.

EOCO, in 2019, froze the accounts of NAM1.

It also froze some of the CEO's landed properties. 



Source: Adiku