NAM 1 Faces Critical July 10 Decision: Walk Free or Defend Himself

by Louisa Afful
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Nana Appiah Mensah, widely known as NAM1, will face a pivotal moment in court on July 10, where his fate will either see him walking free or compelled to mount a defence. This critical juncture hinges on the court’s assessment of the prosecution’s evidence against him. NAM1, the former CEO of Menzgold Ghana Limited, stands accused of defrauding customers by flouting a Bank of Ghana directive that prohibited Menzgold from accepting deposits.

During a recent court session, defence lawyers led by Kwame Akuffo filed a no-case application, arguing the nine prosecution witnesses did not prove their client’s guilt. Akuffo questioned the low number of alleged victims in court and claimed the charges of money laundering and defrauding by false pretences are mutually exclusive. He presented documents showing NAM1 paid taxes and argued the prosecution failed to prove NAM1 lacked a license to sell gold.

The prosecution countered that Brew Marketing Consult was not registered with the Minerals Commission to purchase or export gold and that Menzgold was only licensed to purchase and export minerals, not to operate as a deposit-taking business without a Bank of Ghana license. They emphasized NAM1’s misleading advertisements featuring celebrities and argued that even one witness could be enough to convict him. They noted the defence inadvertently provided evidence of defrauded customers.

NAM1, who is presently out on bail totalling GH¢500 million and secured by four sureties, has entered a plea of not guilty to all charges. His forthcoming court appearance on July 10 holds the key to his subsequent legal proceedings.

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