Has Menzgold CEO Nana Appiah Mensah (NAM1) won case in Dubai?

NAM1 and IMAM

CLAIM

NAM1 wins case in Dubai; awarded $56 million to pay Menzgold customers.

RATING

False

ORIGIN

Several websites are reporting that the embattled CEO of gold trading company Menzgold Ghana Limited who is standing trial in the United Arab Emirates has had the case against him dismissed. The story, which also appeared on News7pm.com, a satirical website, said Nana Appiah Mensah has been awarded $56 million by the court.

BREAKING: NAM1 wins case in Dubai; awarded $56 million to pay Menzgold customers

The website, as shared above, indicated that it’s a satirical piece when it referred to a satirical newspaper in Dubai. It stated: “A Dubai-based satirical newspaper who broke the information reported that Horizons Inc. effected the payment of the said amount to NAM1 few hours after the court’s ruling.”

The website also comes with disclaimers alerting people that all stories published on the site “are solely works of fiction”.

CONCLUSION

NAM1 is still standing trial in Dubai and information about the status of his trial is not available to the media. Unconfirmed reports had it that he was to appear on the Valentine’s Day February 14 for the third time in court. There has been no update since.

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