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Menzgold boss falls on Adisco boys for support

Nana Appiah Mensah who owns embattled gold trading investment firm, Menzgold Ghana Limited, is rallying support from his former school mates at Adisadel College in the face of threat by authorities to shut down his company.

There has been a longstanding controversy between the regulator, Bank of Ghana, and the firm over issues of licence.

The central bank has in several statements cautioned the public against doing business with Menzgold, saying it has no licence to operate.

But Nana Appiah Mensah, who owns a chain of businesses, has in the past treated the warnings with disdain.

The Securities and Exchange Commission  (SEC) joined the fray and ordered the company to shut down its operations in the country immediately.

It contends that Menzgold operations are in breach of Act 929 “as well as a threat to unsuspecting and uninformed investors”.

Read: SEC orders immediate shutdown of Menzgold

But management of Menzgold have come hard at SEC, accusing it of acting in “bad faith” for “needlessly” leaking details of confidential meeting between the two to the media.

Nana Appiah Mensah who has been vocal on social media platform, Twitter, is now falling on friends who attended Adisadel College known as Santaclausians to come to his aid in what appears to be a fight between David and Goliath.

He tweeted, “Up Santaclaussians! Fall in!!!!” on Wednesday with pictures of his triumphant entering into the school recently and when he was a boy in the school.

The tweet attracted varied reactions from his followers:

“Chief we are strongly behind you,no weapon form against you shall prosper in Jesus Name,” one of his followers replied.

Another said: “Make we fall in for what ? You de share share money dash dash cars you think of building house for adisco and name am nam 1 sef like our school won’t be used for double track system now fall in ?”

By Isaac Essel | 3news.com | Ghana

 

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