News

Home / (Page 21)

Court suspends auction of Menzgold’s Amakom properties

The Kumasi Metropolitan Assembly’s Circuit Court has put on hold the auctioning of properties of gold dealership firm, Menzgold Ghana Limited after a claimant challenged its ruling. The court in December 2018 granted a request by one of the aggrieved customers of the company who was demanding the release his locked up investments. The court had directed the ...

EOCO freezes NAM1’s accounts; goes after his assets

The Economic and Organized Crime Office, EOCO, has frozen some accounts of embattled Chief Executive Officer of gold dealership firm, Menzgold, Nana Appiah Mensah, popularly known as NAM1. Citi News sources at EOCO say accounts belonging to Menzgold and other related businesses owned by Nana Appiah Mensah, who has an arrest warrant on his head, are […]

PURC to announce new electricity tariffs in February

Ghanaians may be paying more for electricity after the Public Utilities Regulatory Commission (PURC) announces new tariffs in February. The Chairman of the PURC Technical Sub-Committee, Ishmael Edjekumhene, said the major tariff review to be implemented by the Utility Service Providers will be announced just in time for it to take effect in February. “The […]

‘My office was almost forgotten in 2019 budget’ – Amidu

The Minister for Finance, Ken Ofori-Atta in November 2018, announced a GH¢180 million budgetary allocation to the Office of Special Prosecutor to help it effectively undertake its mandate in 2019. However, that wouldn’t have happened if the Special Prosecutor, Martin Amidu had not been persistent and taken personal initiatives in that regard. Mr. Martin Amidu, ...

Menzgold CEO, NAM1 arrested in Dubai

Nana Appiah Mensah, the Chief Executive Officer of gold dealership company, Menzgold, has been arrested. He was picked up in Dubai on Saturday by Interpol. His arrest, according to Citi News sources, is not in relation to the scandal in Ghana, in which his company, believed to be a ponzi scheme, is unable to pay back thousands […]

Fresh violence erupts in Yendi; Yaa-Naa funeral stalled

The funeral of the late Yaa-Naa has been held up again following fresh trouble in Yendi on Friday afternoon. This is after police had said it will focus on ensuring the funeral of  Yaa-Naa Yakubu Andani II passes without any more violence. Reports indicate that several houses have been burnt and gunshots were heard within the town. Many […]

Martin Amidu yet to prosecute a year after his appointment

Today, January 11, 2019 marks exactly a year since President Nana Akufo-Addo named former Attorney General, Martin Amidu as the first Head of the newly created Office of the Special Prosecutor. Martin Amidu’s appointment was positively received by many Ghanaians due to his public position as a man with a no-nonsense stance on corruption. Nicknamed the “Citizen ...

Menzgold customers laud gov’t for NAM1 arrest warrant

Customers of troubled gold dealership company, Menzgold Ghana Limited, have applauded the government for stepping in to get an arrest warrant for the company’s CEO, Nana Appiah Mensah. Lawyer for the aggrieved customers, Amanda Clinton in a Citi News interview said they are excited that the government now appears interested in ensuring justice for the numerous ...

Court issues warrant for arrest of NAM1

An Accra Circuit Court has issued a warrant for the arrest of embattled founder of Menzgold Ghana Limited, Nana Appiah Mensah. He has been accused of the offense of defrauding by false pretense contrary to section 131 of Act 29/60. Two other individuals, Benedicta Appiah and Rose Tetteh,  are also to be arrested by the […]