‘Wo Suraa Wo Ni’ NAM 1 Abandons GH₵650 Validation Trick
…Promises To Pay Customers In 2025
The Chief Executive Officer (CEO) of the defunct gold dealership firm, Menzgold, Nana Appiah Mensah, has beaten a fast retreat, after his bizarre request to his already broke customers to pay for a validation card received a serious public backlash.
Days after the release sparked massive fury, the company has made a quick U-turn not to collect the money anymore, saying it has cancelled the move after extensive consultation with stakeholders.
But The Anchor has gathered that, despite the backlash and a heads-up by the leadership of the Coalition of Aggrieved Customers of Menzgold not to fall for the antics of the embattled CEO, some customers have done otherwise and fallen prey.
A customer who allegedly proceeded to try his luck by paying the said GH₵650 was immediately informed after the process that he will receive his lock-up funds in 2025.
The affected customer, whose name was given only as David, had tried the process but received a shocking message informing him that he would receive his locked-up cash by March 2025.
“Dear cherished client, congratulations on your successful indebted gold trade transaction validation. Kindly take note that, you are scheduled for payment of your gold quantity value on or before 2025-03-20,” the message read.
The receipt of the message, which was shared on social media site ‘X,’ formerly known as Twitter, has ignited conversation, with many labelling Mr. Appiah Mensah a “scammer.”
The fee of GH₵650, according to the management, was to facilitate the process of payments, years after investments were lockedup, as a result of the collapse of Menzgold by the Securities and Exchanges Commission (SEC).
A statement issued on Sunday August 20, said “Following concerns by some well-meaning Ghanaians and an extensive engagement with stakeholders with respect to our 18th August, 2023 press release, we have resolved as follows:
“That Menzgold would cease the production and printing of the PVC Digital Access Cards, which imposes cost burden and shall resort to the printing of the PIN Codes only, for onwards distribution at no cost.”
It continued, “That Menzgold would cease the production and printing of the PVC Digital Access Cards, which imposes cost burden and shall resort to the printing of the PIN Codes only, for onwards distribution at no cost subject to the following conditions, that;
“Clients with INVALID status may choose to either walk away or still in the face of the ‘one or several of the ten (10) invalidity status reasons provided, adamantly proceed to seek redress or review of the invalidity determination, which shall come at a fee to avoid the abuse of our time, human and logistic resources.
“To request an Access Card for verification, we require Customers to satisfy “Proof of transaction with Menzgold by providing the following documents via Email at; info@payboy.com;
Per a statement issued last Friday August 18, management had requested the many customers, to follow the verification process, to enable them to find out the status of their locked-up investments.
The process required the uploading of original colored soft copies of supporting documents from August 10th, 2023, to September 14th, 2023.
It stated that this verification step was necessary due to a high number of claims containing discrepancies, with over 60% of received claims having invalidating issues.
“As indicated in our August 8th release, Menzgold has successfully and finally completed the validation of the transaction supporting documents Customers presented for vetting. Unfortunately, it was determined that over sixty percent (60) of the claims were fraught with unacceptable infractions which invalidate the claims in questions.
“To the above end and as part of the final phase of our due diligence processes, we urge all Customers who believe they have genuine indebted transactions claims, to check their transactions status by acquiring the Menzgold Digital Verification Access Card at GHc650 each, from any authorized Payboy Agent to verify their transactions validation status from the 10th August, 2023 to 14th September, 2023 and to unpaid original coloured soft copies of their transactions supporting documents.
“Menzgold cannot offer free verification service like we did for the validation exercise, as we are committed to marshal all available resources into paying off our Company’s debt (liability),” it said.
Barely a month ago, the Coalition of Aggrieved Customers of Menzgold, called on the government to arrest the CEO to retrieve their funds. The call however fell on deaf ears.
When the Coalition made the call in July, it also urged its members to desist from engaging Mr. Appiah Mensah on any payment terms as he can best be compared to internet fraudsters.
The concerns by the group came after the company issued a statement indicating that it has successfully completed the transaction validation process assuring to make payments to its customers soon.
Speaking to Citi News, the spokesperson of the group, Fredrick Forson, indicated that the state must take swift action against Nana Appiah Mensah.
“Nobody should engage him and that is what we are saying because of that document he brought out. What we want the government to do is to arrest him. What is contained in that document is simply the language of scammers, and we will want the government to arrest him.”
Read Below, A Press Release Issued By Menzgold:
FOR IMMEDIATE RELEASE.
20″ August, 2023
RE: GET VERIFIED AND GET PAID
Following concerns by some well-meaning Ghanaians and an extensive engagement with stakeholders with respect to our 18” August, 2023 press release, we have resolved as follows;
- That Menzgold would cease the production and printing of the PVC Digital Access Cards, which imposes cost burden and shall resort to the printing of the PIN Codes only, for onwards distribution at no cost subject to the following conditions, that;
* Clients with INVALID status may choose to ether walk away or still in the face of the ‘one or several of the ten (10) invalidity status reasons provided, adamantly proceed to seek redress or review of the invalidity determination, which shall come at a fee to avoid the abuse of our time, human and logistic resources.
- To request an Access Card for verification, we require Customers to satisfy “Proof of transaction with Menzgold by providing the following documents via Email at; info@payboy.com;
* A copy of the Customer’s Gold Trading Agreement and a copy of any National ID
card, with both documents bearing the same name.
* Copies of the supporting documents submitted for validation acknowledgement
receipt.
- We urge Customers to contact any of the authorized Payboy Agents introduced in our release on the 16” August, 2023, for courier arrangements to receive the Verification Access Cards.
- Please note that by this development, the roadmap outlined in our 9” August, 2023 release shall be unaffected. The verification exercise is still scheduled for the 14% August, 2023 to 16 September, 2023.
Source: Anchorghana.com
