The Registrar of Companies in the United Kingdom has served notice of a possible dissolution of Menzgold England.
The Registrar said in the notice that “unless cause is shown to the contrary, at the expiration of 2 months from the above date [12/02/19] the name ofMenzgold England Limited will be struck off the register and the company will be dissolved.”
Upon dissolution, all property and rights vested in, or held in trust for the company will be taken over by the English crown.
Menzgold England is the UK subsidiary of Menzgold Company Limited, owned by Nana Appiah Mensah, known popularly as NAM1.
NAM 1, who has been declared wanted in Ghana, was recently according to his Spokesperson pronounced not guilty by Dubai court
Nana Appiah Mensah, is said to have landed in Dubai sometime in December hoping to retrieve some $39 million owed to Menzgold by the Dubai-based company, Horizon Royal Diamonds DMCC, for the supply of gold. He was arrested following a report to security authorities by a Dubai based company that he could be connected to an alleged botched gold business with a Ghanaian company, one of whose officials was known to him.
However, the court ordered the company that filed the fraud case against NAM1, Royal Horizon to pay him his USD39 million.
Many, especially Menzgold customers whose investments have been locked up in the collapsed gold dealership, hailed NAM1’s acquittal. They pray he will return to Ghana with enough cash to settle them.
ALSO READ: Menzgold clients want to be part of NAM1 asset liquidation committee
Official records show at least GHS 200 million is locked up in Menzgold.
The Finance minister Ken Ofori-Atta revealed this during a durbar with army officers in which the President, Nana Akufo-Addo, was present.
The information, which was in response to a question, reveals for the first time the extent of loss Menzgold customers have been exposed to after an undisclosed number of them bought into the business pitch of paying 7% to 10% returns on special gold collectibles bought and deposited with the company.
