Menzgold to start paying customers very soon
Gold dealership firm Menzgold Ghana limited after cries, curses and threats from its customers for years has finally started initiating plans to commence payment of locked up cash of its customers from December 20, 2021. These payments are scheduled to run till June 30, 2022.
It was revealed that the said company was almost with an audit that showed some questionable claims from customers.
The company indicated this by saying “We note that a great number (about 45%) of claimants/transactions supporting documents are either incomplete, fraudulent, inconsistent comparative to dates, figures and amounts received as returns on the gold collectibles trades with the agreed sum stipulated in the signed and sealed ‘Gold Sale and Purchase Agreements’, most unbelievably, trading Agreement dates that reflects periods when our Company was not in operations and so on,” the statement noted.
Menzgold also revealed that some of the customers transacted through “unethical Menzgold and Brew Marketing Consult staff members and in other instances via referrals, mostly close relations, who took delivery of their funds under the pretext of signing them unto the Menzgold ‘Gold Vault Market’ but ended up engaging in the many cryptocurrency products on sale on the Ghanaian market instead”.
Traders and claimants will be interviewed to fully ascertain facts, scrutinise discrepancies and irregularities as part of the final phase of the audit.
Invitations would be extended to some individuals between October 3, 2021, December 6, 2021, for interactions “in a bid to justify discrepancies or irregularities”.
Following this, it plans to petition the Criminal Investigations Department for further investigations and possible prosecutions.
In the meantime, it said, “strategic significant payments have already been made to some deserving Gold Vault Market traders/Clients in camera.”
Menzgold as part of efforts to ensure a smooth and fair process also plans to publish the list of persons eligible.
However, Fred Forson, spokesperson of the Aggrieved Menzgold Customers, said they have petitioned Parliament over the matter and urged the company to present its findings to the lawmaking body as a show of good faith.
“Menzgold should stop dancing and hand over all this work it is doing to Parliament,” he said.
Mr Forson also called on the state to take an interest in this development and the claims.
“In fact, the state should take over all these things that he [Nana Appiah Mensah] claims he is doing.”
Menzgold customers have in the past bemoaned the lack of commitment on the part of the government to have their monies paid to them.
They are also not enthused about the delay in the prosecution of Menzgold’s Chief Executive Officer Nana Appiah Mensah.
Read the full statement below.
By: Stella Annan | myactiveonline.com Twitter @activetvgh
