Prosecuting Nam 1 will be dangerous – Afenyo-Markins

The New Patriotic Party (NPP) Member of Parliament for the Effutu Constituency, Alexander Afenyo-Markin says prosecuting Menzgold’s boss, Nana Appiah Mensah could be dangerous.

He says such prosecution will make customers of the gold trading firm lose all their investments.

Speaking on Okay FM’s ‘Ade Akye Abia’ programme, he explained that it will not be in the interest of customers to pursue the matter as a criminal case because they may lose their monies eventually.

“[With] criminal prosecution, let’s tread cautiously. Even in advanced jurisdictions, the government will prefer to cut a deal to save a situation than to rush to court and begin a criminal prosecution,” he noted.

Afenyo-Markin, who is also the Board Chairman of the Ghana Water Company Limited, bemoaned the politicization of the Menzgold saga.

“For customers or clients of Menzgold, they should remain calm, their violent approach is needless. And for those who think they can politicize it, I tell them it is much ado about nothing,” he advised.

” . . If you prosecute the man, and you look at the Financial Task-force Regulation, there is a strong recommendation for a civil forfeiture procedure in matters as complicated as we find it now. Again, you wouldn’t get what you want,” he added.
 
Government has sent a high powered government to Dubai to press for the extradition of CEO of Menzgold, Nana Appiah Mensah.

The delegation includes Deputy Attorney General, Joseph Dindiok Kpemka, a representative from the Economic Organised Crime Office (EOCO), the Bureau of National Investigation (BNI) and National Security.

Nana Appiah Mensah, popularly known as NAM1, is wanted for defrauding by false pretence and an allegation of money laundering after his company failed to pay customers investments.

An Accra Circuit Court issued a warrant for his arrest last week but a press release by the police Monday indicates that NAM1 has already been arrested in the United Arab Emirates (UAE) capital on December 7 after “a gold deal gone wrong.”

 

ABOUT: Nana Kwesi Coomson

[email protected]

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.

View all posts by: Nana Kwesi Coomson  

Leave a Reply

Your email address will not be published. Required fields are marked *

ABOUT 233TIMES

233times is a Ghanaian media house which serves as a major source of exclusive interviews ,music and video downloads, news and more.

233times reports on major events,news covering entertainment, politics, sports, business, technology, etc from within Ghana, Africa and beyond.

We have a platform for the amateur artistes to portray their staggering talents ...more...

CONTACT US

For further enquiries, please contact us via our contact us page link: CONTACT

WE ON SOCIAL MEDIA. FOLLOW US


To advertise with us or make enquiries, please visit 233times.net/advertise or call Selorm (Selorm) | Selorm (Nana Kwesi)