It has emerged that embattled Chief Executive of troubled gold dealership firm, Menzgold, Nana Appiah Mensah was planning to take photos with some African leaders.
The move by Nana Appiah Mensah was to give credibility to his company which was paying outrageous interest to customers.
The African leaders revealed by Captain Smart, host of Fabewoso, an anti-corruption segment on Adom FMs Morning Show “Dwaso Nsem” are Presidents of Nigeria, Tanzania, South African, Rwanda and Kenya.
His plan, however, did not materialise after the Securities and Exchange Commission (SEC), issued a stern warning to the gold firm.
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Talking of Menzgold being a Ponzi scheme to a larger extent makes a little bit of sense and it seems Nana Appiah Mensah, popularly known as NAM1 had a perfect game plan right from the onset.
It has been revealed that, some Ghanaians who invested hugely with some taking loans, selling family houses and properties did so due to the huge endorsements by some very important, wealthy, powerful and influential people in Ghana.
Nana Appiah Mensah within a short time met wealthy, powerful and influential people in society which to a larger extent convinced the majority of Menzgold customers that the business was very genuine and viable hence took the risk to invest.
This turned out to be one of his plans to get people to invest in Menzgold.
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While some reports indicate that NAM 1, has been arrested in Dubai over a botched gold transaction, others report that he is calling shots and diffusing tensions in Ghana his hideout.
Meanwhile, authorities have remained tight-lipped, leaving the public to speculate.
Listen to Captain Smart’s full report on Fabewoso above