Supreme Court rejects NAM1’s bid to halt Menzgold trial
Nana Appiah Mensah
The Supreme Court has dismissed an application seeking to stop the trial of Nana Appiah Mensah, popularly known as NAM1, the Chief Executive Officer of the now-defunct Menzgold Ghana Limited. NAM1 faces multiple charges related to alleged fraud and financial misconduct.
The application, which sought to overturn a High Court directive requiring him to open his defence, had previously been rejected by both the High Court and the Court of Appeal.
NAM1, along with his companies Menzgold Ghana Limited and Brew Marketing Consult Ghana Limited, is facing 39 counts, including operating a deposit-taking business without a licence, selling gold without a licence, inducement to invest, defrauding by false pretence, fraudulent breach of trust, and money laundering. The alleged offences are linked to customer losses amounting to over GH¢340 million between 2016 and 2018.
He has pleaded not guilty to all charges and is currently out on bail set at GH¢500 million, with four sureties.
The High Court had previously ruled that NAM1 should open his defence after a no-case submission was dismissed. His legal team filed appeals at both the Court of Appeal and the Supreme Court seeking to stay proceedings, but both courts have now rejected the requests, clearing the way for the trial to continue.
The Supreme Court has dismissed an application seeking to stop the trial of Nana Appiah Mensah, popularly known as NAM1, the Chief Executive Officer of the now-defunct Menzgold Ghana Limited. NAM1 faces multiple charges related to alleged fraud and financial misconduct.
The application, which sought to overturn a High Court directive requiring him to open his defence, had previously been rejected by both the High Court and the Court of Appeal.
NAM1, along with his companies Menzgold Ghana Limited and Brew Marketing Consult Ghana Limited, is facing 39 counts, including operating a deposit-taking business without a licence, selling gold without a licence, inducement to invest, defrauding by false pretence, fraudulent breach of trust, and money laundering. The alleged offences are linked to customer losses amounting to over GH¢340 million between 2016 and 2018.
He has pleaded not guilty to all charges and is currently out on bail set at GH¢500 million, with four sureties.
The High Court had previously ruled that NAM1 should open his defence after a no-case submission was dismissed. His legal team filed appeals at both the Court of Appeal and the Supreme Court seeking to stay proceedings, but both courts have now rejected the requests, clearing the way for the trial to continue.
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