EOCO invites Menzgold boss for questioning
The Economic and Organised Crime Office (EOCO) has invited the owner of gold buying firm Menzgold Ghana Limited, Nana Appiah Mensah for questioning
Executive Director of the Economic and Organised Crime Office (EOCO), K.K. Amoah confirmed the invitation when contacted by Graphic Online but declined to comment on the reasons for the invitation when quizzed if it is related to the description by the Bank of Ghana (BoG) that the activities of illegal.
The Bank of Ghana (BoG) in a notice on August 6, 2018 stressed that Ghana Limited is not licensed and has no authority to engage in the solicitation, receipt of money or investments and the payment of dividends or returns to its clients which is captured in Section 6 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
The BoG in the notice also hinted of impending sanctions, saying after several cautions to , it has started discussions with relevant regulatory authorities to sanction them for breaching the law.
However, in a response to the BoG notice, Mr Mensah branded the central bank a joke for attempting to use his business as a cover-up for the collapse of banks in the country.
"TODAY'S JOKE: Bank of Ghana, so now you dey do propaganda?😀😀😀 I beg "Tell Ghanaians exactly what happened with the 5 or so collapsed banks you duly LICENSED & SUPERVISED for years. Please don't attempt to use our dear Menzgold to cover up😎. I bmake we think!," Mensah posted on Twitter.
Aside Menzgold, Mr Mensah also owns entertainment company Zylofon Media Company Limited which has artists including Stonebwoy, Becca, Shatta Wale, Joyce Blessing, Kumi Guitar, and actors Benedicta Gafah and Toosweet Annan on its books.
He also reportedly owns Brew Marketing Consult Co. Limited, Espana S.L, T.I.A. Holdings (USA), Brew Energy Company Limited, Brew Realty Company Limited, and Cheetah Security Co. Limited.