NAM1 finally released

The embattled Chief Executive Officer of Menzgold, Nana Appiah Mensah aka NAM1, has been released from police custody after meeting his bail conditions.

NAM1 was freed at about 4 pm on Tuesday, August 6, 2019, according to the Public Relations Officer (PRO) of Menzgold, Nii Amarh Amarteifio.

He told us that his boss was released around 4 pm after five persons guaranteed his bail as sureties at the Accra Circuit Court Registry.

The Accra Circuit Court on Tuesday morning varied the bail conditions of NAM1 by removing the condition that the sureties must show evidence of owning properties worth the bail sum of Gh¢1billion.

The court, however, did not change the bail sum of Gh¢1 billion.

NAM 1 is standing trial over allegations of defrauding more than 16,000 people of Gh¢1.6billion.

The court presided over by Mrs Jane Harriet Akweley Quaye, varied the bail terms Tuesday morning – August 6, 2019 – following an application by counsel of NAM 1, Mr Kwame Boafo Akuffo.

Bail

On July 26, 2019, the court granted NAM 1 bail in the sum of Gh¢1billion with five sureties, three to be justified.

He was also ordered to report to the police every Wednesday.

-Graphic

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ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

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