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      Pregnant JHS student killed, head cut off

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      WASSCE candidate delivers baby while writing English paper

      CCTV captures woman allegedly stealing baby at Ajumako market

      Canada: 17-year-old wanted for killing Ghanaian immigrant in shooting

      Canada: 17-year-old wanted for killing Ghanaian immigrant in shooting

      3 uniformed policemen steal GH¢18,000, seize Mercedez Benz at gunpoint

      Over 500 axed from Ghana’s security services after recruitment audit

      Hearts demanded ¢100, 000 from Kuffour’s JAK Foundation before they would play Kotoko

      Kufuor demands respect and inclusion; laments marginalisation by NPP

      African Union must reform to stay relevant – Nigeria’s Buhari

      Nigeria declares public holiday to honour former leader who died aged 82

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      I spent $500,000 on Ibrahim Traoré movie –Lil Win

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      My life turned around after a trip to Volta Region – Kuami Eugene 

      Sarkodie, Darko Vibes,King Promise will perform at Africa Fan Zone at Paris Olympics – French Embassy

      Sarkodie sues Ecobank over lookalike advert

      The gospel music industry is pure evil – Esther Smith

      The gospel music industry is pure evil – Esther Smith

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      Axel Tuanzebe sues former club Manchester United over medical advice

      Axel Tuanzebe sues former club Manchester United over medical advice

      We are reviewing the practice of camping players at a ‘clubhouse’ – Sarfo Duku

      We are reviewing the practice of camping players at a ‘clubhouse’ – Sarfo Duku

      Video: How Tottenham introduced Stonebwoy’s song to Kudus

      Video: How Tottenham introduced Stonebwoy’s song to Kudus

      Maracana stadium to be named after Brazil legend Pele

      Pelé is the GOAT – Trump

      Arsenal close to finalising Gyokeres deal

      Arsenal close to finalising Gyokeres deal

      President’s Cup 2025: Kotoko claim victory over Hearts after coming from a goal down

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      Asante Kotoko investigating Justice Blay’s controversial comments

      Asante Kotoko investigating Justice Blay’s controversial comments

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      Ghana’s Chef Abbys makes TIME’s 100 Most Influential Creators list

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      Mpox cases rise to 170 with 7 new infections

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        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

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        Songo, the African tribe where children are raised by their uncles

        Manhyia puts a ban on funerals in Asanteman

        Details of the symbol of authority of the Ashanti Region, the Asanteman flag

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        Meet the African tribe that offers free sex to guests

        Meet the African tribe that offers free sex to guests

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

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        Who is the real Yaa Asantewaa

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      ‘We’ll ‘prevent’ our assets from being auctioned’ – Menzgold

      Menzgold sues Bank of Ghana, SEC
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      Management of embattled gold dealership, Menzgold Ghana Limited, has expressed optimism that its properties at Amakom in the Ashanti Region will not be auctioned despite a Kumasi Circuit Court ruling for an auction to be undertaken.

      The Circuit Court ruled earlier this week that the company’s properties be auctioned by January 16, 2019, to pay off clients who are owed by the company. One of the clients had dragged the company to court over his locked up investment.

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      But the Communications Director of the company, Nii Armah Amarteifio, in an interview with Citi News explained that the legal team of the company will find alternative measures of resolving the situation to avoid an auction.

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      “I don’t even think that this will at the end of the day get to the stage where we have to auction the properties as the judge has ruled. Our lawyers will sit down and go into it to see how best to go about it so we don’t get to the point where we have to auction those properties in Kumasi.”

      Menzgold Ghana Limited has been struggling in the past three months to pay its clients their dividends or return their principal investments following the Securities and Exchange Commission’s directive to the company to halt accepting new investments.

      With hundreds of customers besieging the company’s premises each day over their locked up investment, the company through various press releases announced various payment schedules, most of which it was not able to deliver on, to the disappointment of customers.

      While some customers have staged various demonstrations to register their displeasure over the situation, others have taken legal action against the company.

      Recently some 100 retired and active Police Officers at the Kasoa Divisional Police Command in the Central Region filed a writ at the Accra High Court against Menzgold, in a bid to retrieve their locked up investments.

      A reverend minister and a client of the company in October 2018 also sued the firm for breach of contract and misrepresentation.

      Rev. Joseph Appiah Odei in his writ said he deposited 12 pounds of gold estimated at GH¢ 24,000 for 12 months, and paid a non-refundable commission of GH¢1,200 to Menzgold.

      The court is yet to take a decision on those matters.

      The last formal communication from Menzgold was about their staff being asked to proceed on a 10-day compulsory leave and the halting of its online platform introduced much later.

      The staff in protest against the action in a public statement said Menzgold managers were trying to flee Ghana following the controversies. They also claimed that close associates of the company who had their investments locked up were being paid secretly.

      Meanwhile the company has announced a new payment schedule and has indicated that it will from begin repayment of costumers’ investments.

      “We had to come up with the final schedule where we are going to spell out the processes of payment to customers. The last time I spoke to the team, they are almost done with the communiqué I’m sure my next week we will issue it and that will spell out the payment plan for customers and the way forward for the company,” Nii Armah Amarteifio said.

      source: Citi Newsroom 

      Tags: Menzgold

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