On January 14, 2018, Assistant Commissioner of Police, David Eklu, in a statement confirmed the arrest of Chief Executive Officer of Menzgold Ghana Limited, Nana Appiah Mensah (NAM 1) by Dubai authorities in connection to a gold deal that “went bad”.

“His arrest in Dubai is to facilitate investigations into suspicions that he had involved in a gold trading deal gone bad within the Emirati jurisdiction,” He told the media.

A warrant for the arrest of NAM1 was issued by a court in Ghana following the failure of his gold dealership company to refund the client’s monies.

To date, aggrieved customers of Menzgold Ghana Limited have still not received their lock-up funds despite several demonstrations and appeal to the government.

Management of Menzgold on Friday, December 27, 2019, announced that customers will soon receive their monies. According to the Public Relations Officer for Menzgold, Nii Armah Armateifio, about 200 customers had been paid.

Customers have however denied claims of being paid and are calling for proof of payment.

Read the full story originally published on January 14, 2018, on Ghanaweb

The security authorities in Ghana have confirmed the arrest of the Chief Executive Officer of gold dealership firm, Menzgold Ghana Limited, Nana Appiah Mensah (NAM 1) in Dubai.

A statement issued by Assistant Commissioner of Police David Eklu, Director-General, Public Affairs of the Ghana Police Service on Monday, 14 January 2019, said NAM1 was arrested by Emirati officials in connection with some gold deal that went bad in that jurisdiction.

His arrest, according to the Ghana Police Service, coincided with an arrest warrant issued by the court in Ghana after customers of the firm agitated through demonstrations.

At the moment, the Ghana Police Service is liaising with authorities in Dubai over the embattled businessman.

Back home, the Ghana Police Service issued a warrant for NAM1’s arrest as well as that of two other directors of the company on Wednesday, 9 January 2019, on charges of defrauding by false pretences.

That same day, an Interpol alert was triggered to facilitate a search for him globally.

On Sunday, 13 January 2019, Ghanaian officials in Dubai were informed by the Emirati officials that they had already arrested NAM1 as of 7 December 2018.

“His arrest in Dubai is to facilitate investigations into suspicions that he had involved in a gold trading deal gone bad within the Emirati jurisdiction.

“Ghanaian officials have visited NAM1 in the custody of Dubai Police. Engagements with Dubai authorities on the next step have commenced and the police administration assures the public that due process will be followed,” the statement said.