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State withdraws old case against NAM1, slaps him with fresh charges
In a significant development in the case against Nana Appiah Mensah (NAM1), the Chief Executive Officer of the defunct gold dealership company Menzgold, the state attorney has withdrawn all previous charges against him. Instead, new charges have been filed in the court today, November 17, 2023.
The Director of Prosecution, Yvonne Atakora, explained that an amendment had been made to some of the figures (amounts involved) in the case, necessitating the filing of new charges.
She further stated that this decision was made in the best interest of justice.
This adjournment was requested by NAM1’s legal team and agreed upon by the state attorney.
Meanwhile, the presiding judge has instructed the court administration to enhance security measures at the court entrance.
This directive follows a request from NAM1’s lawyers, who reported that their Public Relations Officer (PRO) was struck on the forehead after the previous court hearing.
The courtroom was packed to capacity with security personnel both inside and outside the premises.
Aggrieved customers of the company have been clamouring for the release of their funds after Menzgold suspended operations in 2018. The company has since been accused of running a Ponzi scheme.
Nana Appiah Mensah is currently on trial for allegedly defrauding over 16,000 people of GH¢1.68 billion.
The government earlier denied claims by NAM1 that he deposited GH¢5 million at the Ghana Police Service.
NAM1 in a statement indicated that an amount of GH¢5 million had been handed over to the Ghana Police Service on October 20 to be distributed to customers of the collapsed firm.
But answering questions on the floor of Parliament earlier this week, the Attorney General and Minister for Justice, Godfred Yeboah Dame, disclosed that only GH¢2.5 million was received from NAM1 and not the reported GH¢5 million.
“The record I have before me indicates that an amount of GH¢2.5 million was paid, so the claim of GH¢5 million having been paid to the Ghana Police Service is untrue. It was only GH¢2.5 million that was paid to the Ghana Police Service by the accused person.”
The Ghana Police Service has subsequently deposited the money with the Bank of Ghana.
Source : Citinewsroom.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.
