Menzgold Continues Customer validation Exercise


Gold dealership firm Menzgold, is continuing its ongoing validation process for customers, as a part of efforts to finally discharge its financial obligations to customers.

The process which commenced on October 28, is on till November 28, 2019. It starts at 9am and ends at 4pm each working day.

A press statement issued by the company, mentioned designated outlets for customers in Accra as Osu; Opposite the Osu Police Station, behind Glory Oil Filling Station, Dansoman; after Dansoman Roundabout, Bechem Bus stop, Odokor; Opposite Anointed Electricals Company, Mile 7; Adjacent ECOBANK.Madina; Madina-Tamale Lorry Station and Awoshie; Opposite Victory Bible Church.

In the Central Region,  the Walantu Junction, after Justap Clinic at Kasoa is the validation center while those in the Ashanti Region are visiting the Melcom store at Adum and the Bremang Park, adjacent Church of Christ in Kumasi to have their documents examined.

The statement signed by Nii Amarh Amarteifio, the Head of Communications for MenzGold, said that in the Western Region, the Multi Credit office at Bogoso, is where the exercise is ongoing.

The statement said “all customers are expected to visit their respective outlets within the hours of 9:00am to 4:00pm each working day and submit photocopies of their Gold Trading Agreement, Receipt of Gold Traded Purchase, Gold Trading Commission Receipt, Valid National ID Copy and Evidence of Gold Re-trade (s); Receipts or Agreements”.

It advised “We urge all our cherished customers to fully participate in this imperative exercise to achieve the desired outcome. 5. For any further information or clarification, kindly call the following numbers: 0202-404097, 0202-404074, 0271920784, 0270193446”.

Meanwhile, the Director of Communications, has dismissed reports suggesting that the company’s ongoing validation process for customers, is a decoy to distract the pending court case.

Speaking on Anopa Kasapa on Kasapa 102.5 FM, Nii Armah, intimated that the legal battle should not impede the payment of customers’ locked-up funds.

“We have solid defence to mount when we have our day in court. We have a problem to solve. The case can still go on in court, while we initiate process to get our customers paid,” he told sit-in host Akwasi Nsiah.

On the first day, hundreds of customers of the troubled gold dealer, Menzgold, massed up at the Kumasi and Accra offices of the firm, to validate their claim documents.

Menzgold in a statement last week announced the process of verifying claim documents from customers as part of an elaborate process to settle their locked-up funds.

Meanwhile, Menzgold CEO, Nana Appiah Mensah, is still on his bail bond of GH¢1billion with five sureties.

Nana Appiah, has pleaded not guilty to all 13 charges levelled against him by the state.

He was charged with abetment of crime, defrauding by false pretences, carrying on a deposit-taking business without license, sale of minerals without license, unlawful deposit-taking, and money laundering.

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