Troubled gold dealership firm Menzgold Ghana says it has engaged the services of “Emirati, English, American and Ghanaian lawyers” to help it secure bail for its chief executive, Nana Appiah Mensah (NAM1), who is reportedly in Interpol custody in Dubai.

According to the company, the multinational lawyers have forwarded a “comprehensive communication to the Government of Ghana regarding the recovery of company funds from a Dubai Gold Company called Horizon Royal Diamonds.”


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In a statement dated June 3, 2019, signed and issued by the Head of Communications at Menzgold, Nii Armah Amarteifio and titled, “Recovery of funds from Dubai, Interpol arrest and the continued detention of our chief executive officer”, Menzgold urged the government of Ghana to “revoke” the Interpol red notice alert.

Aside from that, the company wants government to agree to a bail bond for the immediate release of NAM1 from custody.

This, they said would enable NAM1 to continue to pursue the “750kg of gold, worth $39million from Horizon Royal Diamonds legally without this justice obstruction from other debtors worldwide.”


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It said for the “CEO to freely communicate and meet with our global business associates and partners, who have expressed preparedness following our favourable judgment in the Dubai Court on the 9th of April, 2019, to assist financially and for us to adequately settle our cherished customers/company debt liabilities as soon as possible, as we seek to resolve and give immediate closure to these disturbing matters of the past few months and in order to go ahead with our business as Ghana’s Gold Hub.”

“We are hoping that government will make a decision regarding these disturbing issues soon, to make way for immediate amicable resolution in its best interest and that of our cherished customers, staff body, the company and the general public at large, as we seek to continue to contribute our bits to National development.


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