Madam Priscilla Adu-Boateng, a trader, says, she is in the process of selling her house, to fend for her family, because of her locked-up investment with defunct Menzgold firm. Madam Adu-Boateng, was in Court to testify about her engagement with Nana Appiah- Mensah aka NAM1 and his gold dealership companies.
The fifth prosecution witness, said NAM1, pulled a gun on aggrieved customers on January 8, 2020, when they went to his home to demand their monies. The single mother of four, said her investment is seven hundred and sixty thousand cedis from July 2017.
During her testimony, Madam Priscilla Adu-Boateng, told the Court, that Nana Appiah- Mensah asked all customers to do a validation and tender all their deposit receipts, to show that their monies were indeed with his companies, which she and other customers did.
She said, the instructions by NAM1, did not yield any returns, but they were rather assaulted by him. The witness said she made a number of investments from 2017 to 2018, at the Kasoa branch of Menzgold, and said the investments were in furtherance of her children’s education. She said Menzgold asked depositors to pay 5% of their existing investment to migrate their investment online but that also proved futile.
Further, in 2020, customers were again asked to join a company known as pay boy, but it also failed to repay them their monies. Priscilla Adu-Boateng prayed the Court, to ensure that Menzgold, Brew Marketing and Nana Appiah Mensah pay her locked-up investments, because her business, is not thriving and she is struggling to make ends meet and to support her family.
