1.8 million Ghanaians Invested $200Million In Menzgold – Amanda Clinton - 233Ghana
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1.8 million Ghanaians Invested $200Million In Menzgold – Amanda Clinton

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A report by Class News has it that a private legal practitioner, Amanda Clinton, who is serving as Counsel for several aggrieved investors of troubled gold-trading firm Menzgold Ghana Limited, has revealed that as many as 1.8 million Ghanaians invested in the firm during its five-year operations.

And within that period, at least $200 million dollars were invested – the highest single investment being $6 million.

Since August 2018, the company, owned by 32-year-old Nana Appiah Mensah, has not been able to pay extra values earned on investments to its clients nor their principal capital, after the Securities and Exchange Commission (SEC) asked Menzgold to stop its gold vault market operations over regulatory infractions.

In Ms Clinton’s view, the government of Ghana must, in a way, intervene in the debacle by giving Ghanaians a full report about how a company that was given several warnings by the regulators to stop operations over the five years, still managed to attract so many customers and have so much money pass through its vaults as an “unregulated” business.

She told Samson Lardi Anyenini on Multi TV Saturday, 29 December 2018 that the SEC should have stopped Menzgold from operating “within the first week”, since, according to her, there were too many red flags to ignore.

“Before $200 million was pumped into an unregulated company, the first week, Menzgold should have been shut down for three reasons. The first reason is they’ve opened as a bank twice; the same people opened as a bank twice and then they come to you with a different name and then you try to look into them, that’s a red flag because you are the same people and you’re trying to take deposits. The second issue, February of 2017, the Chairman of the finance committee of parliament comes out and says: ‘Look, as of February 2017, we had a meeting with Menzgold and we told them they are an illegal outfit. And, so, an illegal outfit as of February 2017 categorically isn’t shut down immediately?” Ms Clinton wondered.

READ  Menzgold to begin clients payment on....

Finance Minister Ken Ofori-Atta, who referred to the Menzgold clients as “greedy” people on, at least, two different occasions, has already said the government will not spend a pesewa of state funds in paying the locked-up funds.

Menzgold petitioned parliament’s select committee on finance to mediate an amicable resolution of its differences with the regulators, but the lawmakers said there was nothing they could do to help the situation.

The ranking member of the committee, Cassiel Ato Forson, urged the state to confiscate all assets of the company and its CEO Nana Appiah Mensah, sell them off and use the proceeds to pay off the clients.

Nana Appiah Mensah is currently out of the country – his whereabouts unknown.

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Anas Aremeyaw Anas partner Ahmed Hussein-Suale shot dead

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Anas Aremeyaw Anas partner Ahmed Hussein-Suale shot dead

Tiger Eye Private Investigatons team member and partner of undercover investigative Journalist Anas Aremeyaw Anas, Ahmed Hussein-Suale, has been shot dead by some unknown assailants.

Ahmed Hussein-Suale is said to have been shot three times, twice in the chest and one in the neck late Wednesday night at Madina in Accra while driving home by unidentified gunmen riding motorbike.


The undercover investigative Journalist Anas Aremeyaw Anas confirmed the sudden demise of his core team member to Graphic Online.

Many has linked his death to Member of Parliament for Assin South, Kennedy Agyapong mainly because he made a statement publicly that the Late Ahmed should be dealt with by anybody for a handsome reward when his photographs with him was circulated in his ‘who watches the watchman’ anti-Anas video documentary.

He was shot dead and all his cash and other valuable items were intact.

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WATCH VIDEOS: Lead Investigator of Anas’ Tiger Eye PI allegedly sh0t D£AD in Madina

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An investigator with Anas Aremeyaw Anas’ Tiger Eye PI has allegedly been shot dead by gunmen in Madina.

The investigator, Ahmed Hussein-Suale, was notably exposed by Assin Central MP, Kennedy Agyapong in the aftermath of the #Number12 exposé on corruption in Ghana football.

He was reportedly killed by two gunmen on a motorbike who shot into the car he was driving.

Anas, in a message on Facebook announced the death, saying Ahmed was hit three times; twice in the chest and once in the neck following which he died on the spot.

This is the third of such an incident in which an individual has been shot and killed by unknown assailants where nothing was taken from the deceased.

The most recent case was the killing of the Public Affairs Manager of the Tema Port, who was found stabbed and killed in her bedroom last Sunday.

In a war of words with the investigative journalist in July 2018, Mr. Agyapong went on a show on the TV station he owns, the Madina-based Net 2 TV, and urged residents to beat up Ahmed whenever they saw him.

A photo of Ahmed was also revealed on the show. Citi News sources say he was the lead investigator of the Tiger Eye PI team in the Number 12 exposure on corruption in Ghana football.

He is reported to be the investigator who arranged the meeting with former GFA President Kwesi Nyantakyi in Ghana and abroad.

But no link has been drawn between the MPs call to violence and the Wednesday evening murder.

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Anas Aremeyaw Anas, in a video on his Facebook page, presented the announcement of his colleague’s murder within the context of Mr. Agyapong urging residents of Madina to go after Ahmed.

The journalist has also spoken to Graphic Online about the incident

“He was just shot and killed, nothing was taken from him”, another member of the Anas’ team told Graphic Online.

The police is however yet to comment on the matter, although his remains have been deposited at the Police Hospital.

Mr. Agyapong has been criticised for inciting violence against Anas and his team.

The MP accused the investigator of being corrupt and evil in the wake of his probe into Ghana football.

He also said Anas deserved to be hanged for his purported corrupt deeds.

Reporters Without Borders came out to say it was alarmed by threats to the life of Anas.

The Ghana Journalists Association (GJA) at the time also called for 24-hour protection for Anas.

By: Delali Adogla-Bessa | citinewsroom.com

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WATCH VIDEO: 15 Powerful Celebs Who Invested Millions in MenzGold Exposed! Captain Smart,Sarkodie, Asamoah…[Alleged]

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Finally the list of  Ghanaian Celebrities who invested with Menzgold and the amount they invested has been released according to a news shared on Ghpage.com

Many customers of Menzgold including some top Ghanaian celebrities are crying over their locked fans.

The Information Minister of the ruling Gov’t has publicly stated that they cannot and will not refund Menzgold customers of their monies a move that is currently causing a lot of stir on social media.

As it stands now, over a million citizens has had their monies summing up to $200M locked down with the embattled company led by Zylofon Media boss, Nana Appiah Mensah and they have been left to their fate to recover their debt.

Below is the list of personalities and how much each invested with Menzgold

1.Asamoah Gyan (Captain of Ghana Blackstars) – GH¢1.5 million
2.Captain Smart (Adom FM, Presenter) – GH¢300,000
3.Emelia Brobbey (Kumawood actress) – GH¢70,000
4.Abeiku Santana (Despite Group journalist) – GH¢100,000
5.Sarkodie (Musician) – GH¢500,000
6. Tracey Awurama ‘Sarkcess’ (Wife of Sarkodie)– GH¢200,000
7.Shatta Wale (Musician) – $700,000

Although Shatta Wale had stated in one of his videos that he invested over 5 million dollars in Menzgold in reality, he has a little over 700,000 locked up.

We are told he was advised to invest part of the money Zylofon used to sign him at Menzgold by Nana Appiah Mensah. Every artist who was signed invested part of their money with Menzgold at better conditions than the 10% given ordinary Ghanaians. Only Zylofon artist, Stonebwoy’s name is not on the list.

READ  Menzgold to begin clients payment on....

8. Jackie Appiah (Actress) – GH¢180,000
9.Becca (Musician) – GH¢200,000
10. Okyeame Kwame (Musician)- GH¢150,000
11. Joselyn Dumas (Media Person/Actress) – GH¢170, 000
12. Obibini (Musician) – GH¢50,000
13. Joyce Blessing (Musician) – GH¢100,000
14. Kumi Guitar (Musician) – GH¢100,000

These are the list of Celebrities shared via Ghpage.com

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