The Chief Executive Officer of Menzgold Nana Appiah Mensah popularly known as NAM 1 is expected to spend the weekend in custody as the police begins verification process for documents of properties his lawyers have supplied to meet the GHC1 billion bail bond placed on him by the court.

According to Starr News sources, the police is verifying the authenticity of the documents from agencies including the lands commission.

During the Court sitting today, the 26th of July 2019, the plea of Nana Appiah Mensah (NAM1), was taken on everyone of the thirteen counts preferred against him and four others, two of which are at large namely Rose Tetteh and Benedict a Appiah. NAM1 pleaded not guilty to all 13 counts simply by responding “I am not guilty your lordship” to all the counts as read to him. The Police initially changed the accused persons with eight (8) counts but have added five move to bring the total charges to thirteen (13).

The prosecuting officer, Assistant Supretendant of Police (ASP) Sylvester Asare, took the floor to read the brief facts of the case to the hearing of the parties in Court. He indicated at the end of his submissions that investigations are still on going into the matter.

Lawyer for the accused person, Kwame Boafo Akuffo in his nearly 20 minutes submission for bail for his client put up a strong case why NAM1 should be admitted to bail after being in custody for 9 months in and out of the Ghanaian Jurisdiction in pursuit of some 39 million dollars owed him in the United Arab Emirates (Dubai).

He further argued that in setting the bail conditions if the Court so desires, the Court should be minded that his client has already surrounded his passport to the State and several of his assets and properties including 70 vehicles have already seized by the State. “With this I yield back my lady” Kwame Boafo Akuffo stated in Court.



Judge Jane Harriet Akweley Quaye, in her ruling admitted NAM1 to bail. The bail conditions were 1 Billion Ghana Cedis with five (5) sureities, three(3) of which must be justified. The accused person the Court also indicated must present himself to the Police ones every week on Wednesday. She subsequently adjourned sitting to the 12th of August 2019.

The the Security detail at the court premises as well as those who accompanied the accused person to Court due to the huge presence of supposed Menzgold customers at the entrance of the Court, managed to get NAM1 out of the Court Premises through the back door.