Embattleld CEO of Menzgold , Nana Appiah Mensah also known as Nam1 is set to remain in jail untill the conditions on his bail terms are met, the court, presided over by Jane Harriet Akweley Quayeon on July 26th, 2019 granted Nana Appiah Mensah a GH¢1Billion bail, which he is yet to pay.

Mr Appiah Mensah has been charge by the court on two counts of abetment to defraud by false pretense and two counts of abetment to carry out banking business without a license, contrary to Section 6(1) of the Banks and specialised Deposit taking Institutions Act, he is said to have defrauded 16,001 customers to the tune of Gh¢1.68Billion !

His lawyers have also applied to the court for a variation of his bail conditions, hoping the court will lower the bail conditions.

Mr Appiah Mensah is set to appear in court again on 12 August 2019

 

 

 

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