Menzgold CEO NAM 1 released from police custody


The embattled CEO of Menzgold, Nana Appiah Mensah aka NAM1, is no more in police custody after meeting his bail conditions.

He gained his freedom late Tuesday afternoon, Menzgold spokesperson Nii Amarh Amarteifio said.

On Tuesday, an Accra Circuit court reviewed the bail conditions earlier given to the embattled.

The court a little over a week ago imposed a GH¢ 1 billion bail condition with five sureties, three of whom must be justified.

Nana Appiah Mensah who is standing trial with two other persons has remained in Police custody for more than 10 days despite the bail due to his inability to meet the bail condition.

The situation forced NAM1’s lawyers to file for bail variations.

Making a case for the review of the bail condition, lawyers of NAM 1 argued that the bail conditions of GH¢ 1 billion with 5 sureties of whom three are to be justified were unfair and needed to be reviewed.

Even though prosecution in the case did not oppose the plea for the variation of the bail condition, they disagreed with the fact that NAM1’s lawyers were giving their own figure.

In the ruling of the court however, the judge maintained the GH¢ 1 billion bail condition but varied the surety conditions.

Judge Harriet Naa Akweley Quaye ruled that NAM 1 is supposed to provide five sureties but none to be justified.

Suggesting that he must only show properties worth GH¢ 1 billion and report to the police every Wednesday after meeting the bail conditions.

The case has been adjourned to September 3 2016.

By J. Ofori, Daily Mail GH

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