NAM1 applies for a variation as he is unable to bail conditions

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Lawyers of the Chief Executive Officer of Menzgold, Nana Appiah Mensah have applied for a variation to the GH¢1 billion bail and related conditions given by the court.

It is reported that Nana Appiah Mensah (known in showbiz circles as NAM 1) has been unable to meet the bail conditions despite being granted bail by an Accra Circuit court last week. 

As a result, is still being held in police custody.

The court, presided over by Mrs Jane Harriet Akweley Quaye, on July 26 granted him bail in the sum of GH¢1 billion, with five sureties.

Per the bail conditions as ordered by the court, three of the sureties must be justified, while NAM 1 must also report himself to the Ghana Police Service every Wednesday.

he GH¢1 billion bail sum was received with surprise by Mensah, his lawyer, Mr Kwame Akuffo, and some of the sympathisers, who were in the courtroom.

Mr Akuffo pleaded with the court to reduce the amount but the presiding judge said under the circumstances and the amount on the charge sheet, she had been generous with the bail sum.

Background

Prosecutors have accused Mensah, his wife (Rose Tetteh), and his sister (Benedicta Mensah) of being the principal officers of Menzgold, and using the company as a tool to defraud more than 16,000 people of GH¢1,680,920,000.

The three accused, Menzgold and its sister company, Brew Marketing Consult Limited (both represented by NAM 1), have been slapped with 13 counts.

The counts are defrauding by false pretences, abetment to defraud by false pretences, carrying deposit business without licence, abetment of sale of minerals without licence, sale of minerals without licence, abetment to the unlawful deposit-taking, unlawful deposit-taking and money laundering.

Mensah pleaded not guilty to all the charges. His wife and his sister are, however, at large.

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ABOUT: Nana Kwesi Coomson

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An Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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