11 Menzgold properties, including 2 NAM 1’s Trasacco homes, are approved for sale by EOCO

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The Economic and Organized Crime Office (EOCO) has been given explicit authority by the Financial and Economic Crimes Division of the Accra High Court, which is presided over by Justice Afia Serwaa Asare Botwe, to sell the properties of alleged fraudster Nana Appiah Mensah.

The decision came after EOCO filed a motion asking the court to provide permission for it to sell the abandoned company’s assets at auction.

Brew Energy and G-Tech Automobile Service are two of the businesses that will be sold alongside the company’s assets.

Art Complex Zylofon. Marketing Consultancy Brew. STAR FOOTBALL MADRID CLUB Limited by Zylofon Music and Media.

Additionally, there are two homes in Trassaco Valley. The court also ordered the freezing of 510 acres of land believed to belong to NAM 1 and an unfinished residential building.

Mr. Abu Issa, an attorney for EOCO, stated that during an investigation by EOCO and other law enforcement authorities into Menzgold, it was discovered that the company had committed money laundering and other major offenses.

The EOCO Act, 2010 (Act 804)’s Sections 2 and 3, he claimed, granted the law enforcement agency the authority to make the request.

Nana Appiah Mensah, often known as NAM1, is a reputed con artist best known for founding Menzgold, a gold dealer and investment company that made monthly returns on investments of 10% to customers.

NAM1 is also the CEO of Zylofon Media, which has signed Ghanaian actors like Jackie Appiah and musicians including Shatta Wale, Stonebwoy Becca, Joyce Blessing, and Kumi Guitar. Toosweet Annan and Benedicta Gafah.

Source: Ghanatodayonline.com

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