The Chief Executive Officer of Menzgold, Nana Appiah Mensah, popularly known as NAM1, has been granted a GH¢ 1 billion bail by an Accra Circuit court. He is to present five surities, three of whom must be justified.
This was after he made a second appearance before the court on Friday.
NAM1’s lawyer, Kwame Akuffo while praying the court for the bail asked the court to reduce the monetary condition because all his assets have been seized by the state.
The state prosecutor did not oppose the bail application.
As part of the bail condition, NAM1 is expected to report to the police every Wednesday.
Menzgold customers besiege court
Some customers of Menzgold besieged the premises of the court earlier on Friday.
The customers were clad in red.
Some MenzGold customers are calling on the government to suspend the prosecution of the CEO of the embattled MenzGold, Nana Appiah Mensah (NAM1) until he has been able to pay back the money that his company owes them.
MenzGold customers demand suspension of NAM1’s trial
Some MenzGold customers had earlier called on the government to suspend the prosecution of the CEO of the company until he has been able to pay back the money that his company owes them.