Accra High Court to issue orders regarding auctioning property of NAM 1

Nana Appiah Mensah, alias NAM 1.
Nana Appiah Mensah,.

The Financial and Economic Division of the High Court will today issue orders regarding properties of the Chief Executive Officer of Menzgold Ghana Limited, a Gold dealership firm, Nana Appiah Mensah, alias NAM 1.

This was after the Director of the Economic and Organized Crime Office, (EOCO) moved a motion for the properties of the embattled NAM1 and Menzgold to be auctioned.

Lawyer for EOCO, Abu Issah, who moved the application for the auctioning of some properties, said, “we have a motion on notice for the discharge of confirmation and further prayer for official auction of the properties of respondents being (Menzgold) and NAM 1”.

The application was filed on November 19, last year. Counsel said EOCO and other corroborative agencies found out that the respondents had engaged in money laundering and other serious offenses contrary to relevant Economic and Organised Crime legislation.

The Court presided over by Justice Afia Serwah Asare-Botwe said the orders of the Court will be ready today.

In January 2019, EOCO froze some accounts of NAM1. It also froze some landed properties belonging to the CEO and his firms, and then directed all its Regional Directors to look out for such assets in the various regions where Menzgold and its related businesses operated.

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