The Chief Executive Office of defunct gold dealership firm, Menzgold said in a post on X, on Monday, November 20, 2023, that the said protest would take place across UAE’s various embassies abroad and in Ghana.
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NAM1 hints at 2,000-man protest to demand $30m compensation for arrest and detention
Nana Appiah Mensah, aka NAM1, has indicated that a 2,000-man protest is in the offing to demand $30 million in compensation for his arrest and detention by the government of the United Arab Emirates (UAE).
Nana Appiah Mensah, aka NAM1
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According to him, beyond the compensation, the protest would also demand the payment of arrears to the tune of $43.8 million owed him by a Dubai-based firm, Horizon Royal Diamond DMCC.
“Brace up friends, for a 2,000-man protest at the UAE embassy in Ghana and elsewhere overseas SOON, to claim a USD$43.8 million dollars (750kg of Gold) owed me and another USD$30 million dollars as compensation, for my unjustifiable detention by the Dubai Police in 2018/2019,” NAM1’s post read.
On January 14, 2018, Dubai authorities arrested NAM1 in connection with a gold deal that went bad.
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His arrest followed a Ghanaian court’s warrant after his company, Menzgold failed to reimburse the client for their money.
“His arrest in Dubai is to facilitate investigations into suspicions that he had involved in a gold trading deal gone bad within the Emirati jurisdiction,” Assistant Commissioner of Police, David Eklu who is now a DCOP, told the media then.
NAM1 is facing trial in Ghana for various charges bordering on fraud after investors in his defunct gold dealership company, Menzgold lost their investments.
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