EOCO invites Menzgold CEO for Interrogation

The Economic and Organised Crime Office, EOCO has invited the CEO of Menzgold Nana Appiah Mensah over the operations of the gold investment company.

The Bank of Ghana (BoG) on Tuesday, August 7, 2018 issued a public notice that it is in discussions with relevant regulatory authorities to sanction Menzgold Company Limited for engaging in “solicitation, receipt of money or investment and the payment of dividends or returns to its clients” without a licence to do so.

EOCO has taken the issue up to investigate the dealings of the “Gold hub”. Sources close to the Executive Secretary EOCO, K.K. Amoah have told Starr FM that Menzgold CEO has been invited on several occasions “but has failed to honour the invitations.”

“We’re looking for him. We’re not getting him on phone, but we’ll pursue it,” the reliable source noted. However the Chief Executive Officer, Nana Appiah Mensah has described the Bank of Ghana (BoG) as a ‘joke.’

His remark followed a public notice by the central bank indicating that it was moving against Menzgold. According to the regulator, Menzgold, which is known as a precious minerals trading company, is carrying out unlawful transactions by taking deposits.

Aside Menzgold, Mr Mensah also owns entertainment company Zylofon Media Company Limited which has artists including Stonebwoy, Becca, Shatta Wale, Joyce Blessing, Kim Guitar, and actors Benedicta Gafah and Toosweet Annan on its books.

He also reportedly owns Brew Marketing Consult Co. Limited, Menzgold Espana S.L, T.I.A. Holdings (USA), Brew Energy Company Limited, Brew Realty Company Limited, and Cheetah Security Co. Limited.