NAM1 to announce “practical solutions” to revive his businesses

Embattled Ghanaian businessman Nana Appiah Mensah says he will on Monday announce “practical solutions” that will see all his defunct companies bounce back into business after almost a year of troubles.

Properties of the man popularly known as NAM1 were seized and his accounts frozen in January when he was declared wanted for allegedly defrauding hundreds of Ghanaians through the use of two of his companies, MenzGold Ghana Limited and Brew Marketing Consult.

MenzGold Ghana Limited, Brew Marketing Consult, Star Madrid Football Club, Zylofon Music and Media Company Limited, and Brew Energy Company among other subsidiaries of NAM have virtually collapsed for almost a year now.

Staff of these companies were laid off at the height of the MenzGold troubles, leaving only skeletal staff at the Zylofon TV and FM stations.

NAM1 who has since December 2018 been in detention in Dubai and Ghana took to Twitter for the first time after his release a week ago to announce he will be speaking to the media about the future of his companies on Monday.

“I will address the press on the 19th August,19, regarding the state of affairs of our companies, with final practical resolutions to all pending teasing matters, geared towards a highly possible rebound soon. Stay tuned to Zylofon fm & tv for updates.#GhanaShallProsper,” he tweeted.

It is not clear whether he will use the occasion to address the over 16,000 customers whose investments are locked up with his companies.

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