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Aggrieved Menzgold customers call for swift prosecution of NAM 1
Menzgold customers nationwide are demanding swift legal action against the Chief Executive Officer (CEO) of the now-defunct Menzgold Company, Nana Appiah Mensah (NAM1).
In a statement issued on Tuesday, January 9, the Coalition of Aggrieved Customers of Menzgold Ghana firmly endorsed the efforts of the Attorney General, Minister of Justice, and Director of Public Prosecutions in seeking justice for Menzgold customers.
“We fully support the decision by the Attorney General, Minister of Justice, and Director of Public Prosecutions to pursue justice for MenzGold customers.”
The aggrieved customers also underscored the importance of Nana Appiah Mensah making the Dubai judgment public, stating that it is a “public document.”
Mr Appiah Mensah has been charged with 36 counts of offences including abetment, defrauding by false pretences, carrying on deposit-taking business without license, unlawful deposit-taking, money laundering among others.
The Attorney General, Godfred Yeboah Dame commenced the prosecution of NAM 1 in 2019 where he was accused of defrauding thousands of customers through his gold dealership firm over millions of cedis.
On Wednesday, August 30, 2023, Mr Dame revised the charges against the CEO of the now-defunct Menzgold gold trading enterprise, introducing fresh allegations.
The new charges come after Mr Mensah announced plans to release locked-up funds to Menzgold customers after a payment of roughly GH₵650 for verification.
Mr Mensah was released on bail on September 19, 2023, after pleading not guilty to the 39 counts of fraud and money laundering.
The bail conditions were pegged at GH¢500 million and four sureties. He also had to surrender his passport to the court registry.
However, on September 20, 2023, the Deputy Attorney General, Alfred Tuah Yeboah applied for daily hearing in the case.
He said this would be done during the case management stage and prayed the court to grant the same. According to him, this is due to the nature of the public interest expressed in the prosecution.
“We are of the humble opinion that this is a matter that we must apply to the courts for an expedited hearing, so, at the case management, we will put up that application and request to the court, subject to the court’s convenience, to have this matter heard on a daily basis.”
Source: Myjoyonline.com
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
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Prophet Courage Heavens set to launch ‘Predestination’ book on March 23
Prophet Courage A. Heavens is set to launch the much-awaited book titled ‘Predestination’ on Sunday, March 23, 2025 at 5:00PM.
The launch, which is expected to impact lives, will take place at Crossgates Ministries, Flattop, off N1 Highway, opposite Angel Hauz.
The book is aimed at addressing the way people struggle to understand how free will and destiny align.
It is also aimed at providing clarity on God’s sovereignty and one’s place in His divine plan.
The various chapters of the book address various issues through scriptures and personal stories.
Committed to impacting society, part of the proceeds from the book will go into Courage Heavens Education Legacy (CHEL), an educational foundation transforming lives.
CHEL is dedicated to providing financial support and mentorship to brilliant but needy students, ensuring they have access to quality education and opportunities for a better future.
Prophet Courage Heavens is a prolific writer and previously authored Eli Eli Lama Sabachthani, a powerful book that encourages unwavering faith in times of trials.
In addition, he has written seven more prophetic and life-changing books that are yet to be published.
He is dedicated to raising the next generation for impactful ministry. As the leader of Crossgates Ministries, he nurtures believers in faith and purpose.
