Chief Executive Officer (CEO) of defunct gold dealership firm, Menzgold, Nana Appiah Mensah, popularly known as NAM 1, reportedly returning coming back home soon, possibly before the end of April.
It is however unclear if the embattled CEO will spend Easter in Ghana.
The news of NAM 1’s likely appearance in the country is premised on reports this morning that he has won his court case in Dubai.
The court, which pronounced judgement on Tuesday, 9 April 2019, also ordered Horizon Diamonds, the said company which had issues with the embattled Menzgold CEO, to pay him all outstanding debts.
Head of Communications at Zylofon Media, Samuel Atuobi Baah, popularly known as Sammy Flex, confirmed the reports in an interview with Peacefmonline.com a short while ago.
“Yes, i have confirmed reports that Nana Appiah has won the court case in Dubai….it certainly is good news….i cannot exactly say when he will be back in Ghana…he has a few things to put in order…hopefully next week, we might get to know when he is due to arrive…,” he stated.
Nana Appiah has been in the custody of the Dubai authorities since November 2018 over a gold deal that went bad.
He was charged with fraud.
NAM 1 was being held for a misdemeanour charge over a US$23-million deal gone bad. On the 4th of March, 2019, he was granted bail but due to the red alert notice on him, he was rearrested on the instructions of INTERPOL in Dubai.
A Dubai-based businessman reported Mr Mensah for fraud in May 2018. Unaware that he was on the Dubai police’s wanted list, he went to the Emirates with the hope of receiving a huge amount of money due him as a result of his earlier transactions with the Emirati, only to be arrested when he presented his passport to undergo immigration formalities.
The Director-General of the Criminal Investigations Department (CID) of the Ghana Police Service, COP Maame Yaa Tiwaa Addo-Danquah, at a press briefing last week, revealed that Nana Appiah Mensah cannot be extradited to Ghana.
According to the CID Boss, NAM 1 can only be brought to Ghana after the completion of his trial in UAE.
There have been several demonstrations by aggrieved customers demanding for the release of locked up investment with Menzgold.