Menzgold’s Month-Long Verification Of Customers Begins

As promised by defunct gold collectibles firm, Menzgold, a process to verify its customers to make way for the payment of their locked up investments begun this morning.

Outlets in Mile 7, and Osu in Accra; Kasoa in the Central Region and Bogosso in the Ashanti region opened for the process to begin, today the 28th of October.

It is scheduled to be completed on the 28th of November. Menzgold has promised that once the verifications are completed, it will start payments in December.

It is not clear if the defunct company owned by Nana Appiah Mensah, alias NAM 1, is in position to pay close to GHC 1.68billion that prosecutors have claimed in court that the company owes some 16,000 stranded customers.

Menzgold has however refuted the claim that it owes GHC 1.68billion saying it owes just a little over GHC 200million.

It is not clear if it is this disparity in the figures within the public domain that has informed the firm’s decision to conduct an audit of its customers, given that it ought to have database of its customers.

Today, the process took off to a rocky start with customers of the upstart firm which was branded a Ponzi Scheme by government and closed down were constrained to queue in the baking October sun at the various Outlets.

At the Osu outlet, some shy customers, who are apparently not enthused about being openly associated with the company and their investment style which the Finance Minister has called greedy tried to hide in plain sight from journalists who hawked for news.

When owners of the defunct firm first announced that they were starting verification for the purpose of paying back customers, some of the customers had expressed doubts, explaining that verification is a familiar nine-day wonder they have experienced with Menzgold in the past. However, the company has promised that it will start effecting payments in December after the verifications are co0mpleted.


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