NAM1 finally released

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The embattled Chief Executive Officer of Menzgold, Nana Appiah Mensah aka NAM1, has been released from police custody after meeting his bail conditions.

NAM1 was freed at about 4 pm on Tuesday, August 6, 2019, according to the Public Relations Officer (PRO) of Menzgold, Nii Amarh Amarteifio.

He told us that his boss was released around 4 pm after five persons guaranteed his bail as sureties at the Accra Circuit Court Registry.

The Accra Circuit Court on Tuesday morning varied the bail conditions of NAM1 by removing the condition that the sureties must show evidence of owning properties worth the bail sum of Gh¢1billion.

The court, however, did not change the bail sum of Gh¢1 billion.

NAM 1 is standing trial over allegations of defrauding more than 16,000 people of Gh¢1.6billion.

The court presided over by Mrs Jane Harriet Akweley Quaye, varied the bail terms Tuesday morning – August 6, 2019 – following an application by counsel of NAM 1, Mr Kwame Boafo Akuffo.

Bail

On July 26, 2019, the court granted NAM 1 bail in the sum of Gh¢1billion with five sureties, three to be justified.

He was also ordered to report to the police every Wednesday.

 

-Graphic

 

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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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