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Menzgold saga: I don’t own anything in Ghana, not even a car – Nana Appiah Mensah
In the ongoing Menzgold controversy, where victims are relentlessly seeking justice for their vanished investments, the Chief Executive Officer has portrayed himself as the foremost casualty of the entire debacle.
As the demands for accountability persist, Nana Appiah Mensah also known as NAM 1, has admitted to being the one bearing the brunt of the crisis’ fallout.
NAM 1’s assertion stems from the personal losses he claims to have incurred due to the downfall of Menzgold.
He emphasized that the company’s collapse has left him bereft of all possessions.
In the heated conversation on social media, he declared that “If you want to crown the biggest loser in all of this thing, I am the one, because I lost everything: I lost all my properties and I don’t even have a car of my own in this country.”
This revelation was unveiled in a Twitter Space conversation on Monday, August 22, 2023.
Nana Appiah Mensah used the platform to clarify that, despite the allegations leveled against him, he has not personally profited from the customers’ funds.
“If one person has lost that one account, it means good has to come from the biggest loser of the Biggest Loser. My mom invested, my sister’s invested, my wife invested, my in-laws invested. Right? All my friends invested, I invested, I have really great relations in Spain and in Europe and elsewhere who invested and referred other people to invest. So it is not like the transactions, like I said yesterday, the company packs the money to give it to me and then I take it to my house on a day-to-day basis. It doesn’t work like that.”
Responding to claims that affected customers have died with others suffering blows to relationships, and health while drowning in debt, he acknowledged that he has become the focal point of blame and scapegoating in the complex narrative surrounding Menzgold’s collapse.
While empathizing with the individuals who have been adversely impacted by the financial turmoil stemming from Menzgold’s closure, Nana Appiah Mensah expressed his retrospective desire to have intervened sooner to prevent the escalating crisis.
“Yes, I sympathize with what has happened, and if I have my own way, I would fix it. And I’m making an effort,” he added.
He reiterated that payment will begin on October 20, 2023, after the validation is executed.
The company has indicated that about 5,000 customers have been reimbursed so far but the CEO fell short of stating how many customers were owed in total claiming that is the point of the ongoing validation process.
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.
