A coalition representing defrauded investors of the collapsed gold dealership firm MenzGold is pressing Ghana’s judiciary to fast-track the long-stalled criminal trial of the company’s founder and CEO, Nana Appiah Mensah, popularly known as NAM1.
In a statement issued Friday, marking seven years since MenzGold’s collapse, the Coalition of Aggrieved Customers of MenzGold (CACM) called on Ghana’s Acting Chief Justice to resume the case with urgency and ensure daily court sittings to accelerate the prosecution.
“The ongoing criminal prosecution, though initiated under the guise of a speedy trial, is now progressing at a snail’s pace,” the group said. “Justice delayed is only deepening the suffering of thousands of victims, both in Ghana and abroad.”
NAM1 is facing a litany of charges, including defrauding by false pretence, money laundering, fraudulent breach of trust, and operating a gold trading business without a license. In 2024, a High Court directed him to open his defense—an order his legal team challenged at the Court of Appeal. The appellate court dismissed his application in May 2025, paving the way for the trial to proceed.
Since MenzGold’s collapse in 2018, CACM says at least 240 customers have died—some by suicide—while others continue to suffer the long-term psychological and financial fallout of the failed scheme.
The group’s appeal adds pressure to a case that has dragged on for years without resolution, raising questions about the efficacy of Ghana’s judicial process in high-profile financial crime cases.
