‘Pay Our Money First, Fraud’ – OB Amponsah F!res NAM1 Following His Zylofon Media Rebirth Post

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Chris Osei
Chris Osei
The writer is Osei Chris Kofi. I have three strong passions in life — football, blogging and movies — in that order. I love spending time with friends talking about the important things in life and hate nothing more than ‘authority’ and hypocrisy. My personal believe in life is that once an individual sets his/her mind to achieve something, it is totally possible. And oh!, I am a strong Lannister, because I always pay my debt. For writing or fixing gigs, contact oseikofichris@gmail.com.

Popular Ghanaian comedian, OB Amponsah, has quickly reacted to an announcement made by the embattled CEO of Menzgold, Nana Appiah Mensah, on his social media pages.

In a tweet shared on Sunday, January 15, 2023, Nana Appiah Mensah, suggested that one of his companies that has folded up following his issues with the government, Zylofon Media, was going to be relaunched soon.

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NAM1 called on all his followers to anticipate the new Zylofone Media.

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In a response to this, OB Amponsah took to his Facebook wall to lash out at NAM1 and describe him as a fraud.

He also requested that NAM1 does the needful and pay people like him their lock-up funds they have with his closed-down company, Menzgold and stop making this noise of relaunching Zylofone Media.

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The Securities and Exchange Commission (SEC) directed gold trading firm Menzgold Ghana Limited to shut down their investment operations in 2018 for contravening the Securities Industry Act, 2016 (Act 929).

In the letter, they sent to Nana Appiah Mensah at the time, they indicated that the investigations conducted by the regulator found that Menzgold’s business which involves the purchase/deposit of gold from the public and contracts issued with guaranteed returns with clients is a capital market activity which cannot be conducted without a valid license issued by the SEC.

The shutdown of the company caused a lot of people to lose their monies and till date, they are in court requesting that Nana Appiah Mensah pays back their money.

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