The Chief Executive Officer has positioned himself as the main victim of the entire scandal in the current Menzgold affair, where victims are tenaciously pursuing justice for their missing assets.
Nana Appiah Mensah, commonly known as NAM 1, has acknowledged that he is the one suffering the most as a result of the situation as calls for accountability continue.
The basis for NAM 1’s claim is the alleged personal losses he says he suffered as a result of Menzgold’s failure.
He highlighted that the failure of the firm had stripped him of everything.
“If you want to crown the biggest loser in all of this, I am the one, because I lost everything: I lost all my properties, and I don’t even have a car of my own in this country.” He said during the
contentious discussion on social media.
On August 22, 2023, a Twitter Space chat revealed this information.
Despite the accusations made against him, Nana Appiah Mensah utilized the opportunity to make it clear that he had not personally benefited from the clients’ money.
“If one person has lost that one account, it means good has to come the biggest loser of the Biggest Loser. My mom invested, my sister’s invested, my wife invested, my in-laws invested. Right? All my friends invested, I invested, I have really great relations in Spain and in Europe and elsewhere who invested and refered other people to invest. So it is not like the transactions, like I said yesterday, the company packs the money to gives it to me and then I take it to my house on day to day basis. It doesn’t work like that.”
He recognized that he has been the central figure of blame and scapegoating in the convoluted story behind Menzgold’s failure in response to reports that impacted customers have perished with others suffering blows to relationships, health, and finances while drowning in debt.
Nana Appiah Mensah expressed regret for not acting sooner to stop the problem from worsening while sympathizing with those who have been negatively touched by the financial chaos brought on by Menzgold’s shutdown.
“Yes, I sympathize with what has happened, and if I have my own way, I would fix it. And I’m making an effort,” he added.
He emphasized that when the validation is carried out, payment would start on October 20, 2023.
The firm has stated that around 5,000 consumers have received reimbursements thus far, but the CEO refrained from revealing the exact number of clients still owing money, saying that is the purpose of the current validation process.