I’ve paid over GH¢9.6M to Menzgold customers – NAM1 confirms

Nam1 and Chy Mall
Nam1 and Chy mall

The Chief Executive Officer of gold dealership company, Menzgold, Nana Appiah Mensah, popularly known as NAM1, has dispelled claims that he has neglected persons he owes to sign a new artiste onto his Zylofon Music record label.

READ ALSO: Between Health Minister Kwaku Agyeman And Prez Akufo Addo Who’s Deceiving Ghanaians?

In an open letter, NAM1 stated that Menzgold and Zylofon are two different entities and that comparing the two is an “incredible display of intellectual deficiency or bankruptcy.”

NAM1 also noted that he is still paying customers whose investments got locked up in his defunct Menzgold company.

“As of now, we hold documentary evidence, clearly showing that we have paid over ninety-six (96) billion old Ghana cedis (GHC 9.6 M) even in our state of dormancy and continue to humbly make payments every now and then,” he wrote.

NAM1 has for the past few days been mauled by a section of the public after an unveiling event held in Accra on June 12, 2020, to announce the signing of a new artiste, Tiisha.

See also  MenzGold CEO, Nam1 Fingered In CHY Mall Brouhaha - Full Gist

People who saw videos and photos of NAM1 at the event wrote on social media that he was insensitive to the plight of the Mengzgold customers, by signing a new artiste.

In response, NAM1 stated in his latter that the only way he can pay the customers is to engage in other profitable ventures.

“In any case, if one is indebted and does not get productive, how is he or she expected to generate income to service or pay off their debt?” he asked.

The Zyfolon Music record label became moribund after their bankroller, Menzgold got closed by the Securities and Exchange Commission for not having the right documents.

See also  Dear Papa No: I Want To Be John Mahama's Second Wife To End The 'Papa No' Rumours – Lady Cries

READ ALSO: Video: John Mahama and Prophet Nigel Gaisie Were All Chasing One Girl – Kennedy Agyapong Reveals

The company is therefore expected to pay off all the people whose investments got stuck at the gold dealership company.

See post below:

View this post on Instagram

To whom it may concern?.

A post shared by Nana Appiah Mensah ⚖⚔☀️⚓️ (@nana_appiah_m) on


Source: TheBBCghana.Com

Previous articleHighlife Music Legend Nana Tuffour Died Of Coronavirus
Next articleWhich Of These Celebrity’s DEATH In 2020 Came To You As a SHOCK