Home Business Court Orders Menzgold To Refund ¢2.6m Owed To 58 Soldiers

Court Orders Menzgold To Refund ¢2.6m Owed To 58 Soldiers

Nana Appiah Mensah has been ordered to literally cough a whopping ¢2,664,000 his company Menzgold owes some 58 soldiers by an Accra High Court.

From what we sighted on Graphic.com.gh, the court, presided over by Justice Angelina Mensah-Homiah J. in a November 4, 2019 ruling, however, refused to enforce the contractual interest at the rate contained in the respective agreements between Menzgold and the respective plaintiffs because it had been found to be a Ponzi Scheme in a previous suit.

The plaintiffs will instead be paid interest at the prevailing commercial bank rate from the date of judgement till date of final payment.

Graphic Online goes on to say the sums which are their principal investments with Menzgold ranged between GH¢18,000 and GH¢244,000.

One of the plaintiffs told Graphic Online that Menzgold had been served with the judgement and he was awaiting a refund of his investment.