Arrest of NAM1 in Dubai: Prez Akufo-Addo calls emergency cabinet meeting

• Posted on January 16, 2019
• by Ellsamwise King
• Comment

President Nana Akufo-Addo has summoned an emergency cabinet meeting over the ongoing Menzgold dealership saga.

The meeting, Graphic Online gathers, is aimed at weighing the options available to the government to get the Chief Executive Officer (CEO) of the embattled gold dealership firm, Nana Appiah Mensah, popularly known as NAM 1, who is currently in the custody of the Emirati authorities back to Ghana.

Thousands of customers of the company have been calling for the government’s intervention to retrieve their  locked up investments with the company.

A delegation of government officials and Nana Appiah Mensah’s father was expected to travel to the Persian Gulf country to negotiate his release, however, government sources say arrangements for the trip are yet to be consummated.

Graphs Online has also learned authorities in Dubai are insisting on a firm commitment on the part of Ghanaian security authorities to investigate and bring to book persons involved in the swindling of the Dubai based company of a whopping $51 million, as well as their refund of the money.

“Now they are holding him as a bargaining chip and the government itself to ransom, insisting that the security apparatus hasn’t shown much interest in looking for the swindlers. They want their money, that is all they are demanding,” the source said.