Menzgold Chief Executive Officer, Nana Appiah Mensah, popularly known as NAM 1 has finally been granted bail this Morning, 26th July, 2019.
CEO of Menzgold Nana Appiah Mensah has been granted bail to the sum of 1billion Ghana cedis, believed to be one of the biggest in Ghana’s court.
The bail comes with five sureties, three of which is to be justified. Making the case for bail, his lawyers led by Kwame Akuffo argued, their client is not flight risk despite being declared a wanted man by a court in 2018.
His legal counsel explained the socialite did not abscond but had left the country to Dubai to retrieve millions in investments with a company there.
But he was arrested in November 2018 and arraigned. He has since been acquitted and discharged. The lawyers told the court the embattled CEO returned to Ghana on his own terms and could not be considered a flight risk.
he state did not oppose or support the bail, JoyNews court correspondent Ackah-Blay has said. He exited the court using the judge’s chamber.
Finally NAM1 has finally been granted bail with 5 sureties and been given a ¢1bn Bail but will have to appear before court again on 12 August 2019.
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