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GHANA WEATHER

SEC uncertain customers of Menzgold will get monies back

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Customers of Menzgold say they will not relent until their locked up funds with the defunct gold dealership firm is released to them.

They have consequently appealed to the government to fast track the sale of Menzgold assets so that they can get their money.

Customers on Tuesday (April 2) picketed in front of EOCO’s premises to demand the liquidation of the seized assets of Menzgold.

A section of the customers staged a demonstration in front of the offices of the Economic and Organised Crime Office (EOCO) in Accra and vented their fury on government for the delay in getting their money from Menzgold.

Accepting their petition, the Deputy Director of EOCO, Daniel Antwi said their cries will be forwarded to the appropriate quarters.

In a related development, the Director General of the Securities and Exchange Commission (SEC), Rev. Daniel Ogbarmey Tetteh said it will not be easy to get the funds of the customers back to them.

BACKGROUND

EOCO early in 2019, secured a court order to freeze properties of Menzgold Ghana Limited as well as seven other associated companies including Menzgold’s Office Complex, Zylofon Art Complex, Brew Marketing Consult, Star Madrid Football Club, Zylofon Music and media company,  Brew Energy Company Limited, G- Tech automobile service.

The customers who are not happy over the silence of EOCO on the seized properties want the state agency to appoint a liquidator to oversee the equitable payment of their investments.

Spokesperson of the group, Godfred Ankomah said, “So far, the way EOCO has handled the whole issue is a bit sluggish and lackadaisical in approach. It took customers to picket before we started getting information, it shouldn’t be so. It is almost a year since this thing happened and till now, there is no way forward.

The seizure of the assets happened long ago, yet no one is giving us any information.  They should disclose all information because people are dying”.

The court order for the freezing of properties and assets of Menzgold Ghana Limited includes that of associated companies affiliated to the embattled Menzgold CEO, Nana Appiah Mensah.

The associated companies which are stated in the news release are 7 in number, and they include; Menzgold Office Complex,  Zylofon Art Complex, Brew Marketing Consult, Star Madrid Football Club, Zylofon Music and media company,  Brew Energy Company Limited, G- Tech automobile service.

EOCO also listed two properties located at Trassaco Valley [Plot no. 315 and plot no. 337], as well as a plot of land near Oak Street at Trassaco Valley, and an uncompleted residence and a 510 acre of land.

The press release also called on all employees of the affected companies, relatives and friends of the Menzgold CEO who have in their possession any of the named properties to surrender all such assets to EOCO in their own interest.

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