Gov't delegation to Dubai fails to bring back NAM1

The delegation, which included the a Deputy Attorney General, security and legal officers, landed in Ghana Friday without Appiah Mensah.

READ MORE: NAM1 to be prosecuted in Dubai

They were sent to Dubai after news broke that NAM1 has been arrested last Sunday extradite him to Ghana.

He is wanted in Ghana for defrauding by false pretense after his gold dealership firm, Menzgold, failed to pay monies owed customers.

Authorities in Dubai say he is being prosecuted for misdemeanour and that he will be made available to Ghana upon final determination of the matter.

“It is the understanding of the Ghanaian delegation that Mr. Mensah faces misdemeanour charges in the UAE and will be made available to Ghana upon the final determination of his current matter in the UAE. His case is next due for court on February 2, 2019” a statement signed by Director General of Public Affairs at the Ghana Police service, ACP David Eklu, read.

The statement adds that the fugitive Menzgold CEO has been engaged by EOCO and the Ghana Police Service representatives in Dubai and has provided an extensive statement to the security agencies which will be used for investigations into claims of fraud leveled against him by Ghanaians who invested with Menzgold.

His arrest in Dubai coincided with a bench warrant that was issued by a Circuit Court in Accra for his arrest for failing to pay back monies owed to investors in his gold dealership firm.

Menzgold promised clients monthly interest of between 7% and 10% on their "gold collectibles" deposited with the company.

However, the operations of the company was deemed illegal by the Security and Exchange Commission (SEC) for falling to meet regulatory requirements.

READ MORE: Hold celebs accountable for misleading people to invest in Menzgold- Financial analyst

Meanwhile, hundreds of customers have their monies locked up in the rogue company.

They have been staging demonstrations nationwide, demanding that the government steps in to compel Nam1 to pay them either their principal or dividends.