The Coalition of Aggrieved Customers of MenzGold (CACM) is urging the Acting Chief Justice to urgently resume and expedite the long-delayed criminal trial of MenzGold CEO, Nana Appiah Mensah, also known as NAM1. In a statement marking seven years since the collapse of MenzGold on Friday, September 12, the group expressed deep frustration with the slow progress of the ongoing prosecution. They cautioned that “justice delayed” is intensifying the suffering of thousands of affected customers both in the country and abroad.
“The ongoing criminal prosecution, although initially starting as a speedy trial, has recently progressed at a painfully slow pace,” the statement read. “We call on the respected Chief Justice and the courts to ensure that the trial resumes daily so that justice can be served within a reasonable time.”
According to CACM, the lack of advancement in court proceedings has worsened the emotional and financial trauma experienced by the victims of the scheme, with the human toll continuing to mount. “It is, however, tragic to report that since the collapse of MenzGold seven years ago, at least 240 customers have lost their lives—some through suicide—while many others are suffering from various illnesses and diseases,” the statement emphasized.
Meanwhile, the Court of Appeal in May, this year dismissed an application filed by NAM1, which sought to halt his ongoing criminal trial. The application was filed pending the determination of an appeal challenging a High Court ruling that ordered him to open his defence. In 2024, the High Court directed NAM1 to open his defence in a criminal case in which he faces multiple charges, including the sale of gold without a licence, fraudulent breach of trust, defrauding by false pretence, and money laundering.
His legal team subsequently filed an appeal at the Court of Appeal, seeking to overturn the High Court’s ruling.
Source: Citi Newsroom
