NAM1 to face new charges.

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Theghanareport.com court reporter, Gloria Kafui, has reported that Tuesday’s hearing ended in 10 minutes.

The Accra Circuit Court judge, Ellen Asamoah, after agreeing to the request for more time subsequently adjourned the case to July 20, 2020.

NAM1 was in court at about 8:30am and waited in his car and entered the court after 9am.

More time, more time, more time

It is worthy of note that the request for more time did not ruffle the judge’s feathers as previous requests have done.

A judge, Harriet Akweley, has had cause to complain about the slow rate of investigations by the police and has also threatened to release NAM1.

In November 2019, she rejected the prosecution’s plea for a long adjournment to January. Instead she fixed the next trial date at December 23.

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In March 2019, the circuit court once again complained at about the lackadaisical attitude of the state prosecutor after ASP Asare said the Attorney-General had requested for more time.

The judge warned that it would be the last time the court would entertain such an excuse and adjourned to April 2019.

The Menzgold described by some financial analysts as a Ponzi scheme, collapsed after the Securities and Exchange Commission directed it to stop operations in October 2017.

Since then the beleaguered businessman and one-time a high-flying socialite has arguably been the target of the largest number of demonstrations against a non-politician.

The company has since faced unrelenting pressure to pay back its clients believed to be in the thousands. He has faced 8 protests and pickets in the past 14 months.

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The rate of demonstrations has only ebbed because of coronavirus and the restrictions on movement put in place by the government.

The last attempt to demonstrate was in February 2020 but the police explained they could not provide protection.

Some said the excuse given by the police was just to indicate they were tired of policing Menzgold protests.

Barely a month after that explanation, Ghana recorded a case of coronavirus and socio-economic activities slowed down considerably.

Menzgold demonstrations, pickets, and sieges

Menzgold customers have protested at least 8 times in 14 months, one of the longest-running series of protests in the 4th republic. They include the:

  • October 12, 2018, demonstration in Kumasi in the Ashanti region.
  • November 27, 2018, demonstration in Kumasi in the Ashanti region.
  • December 20, 2018, siege at Menzgold offices in the company’s Dzorwulu office in Accra in the Greater Accra region.
  • January 8, 2019, demonstration in Kumasi in the Ashanti region.
  • February 19, 2019 demonstration in Tarkwa in the Western region.
  • April 2, 2019, picket SEC, EOCO in Accra in the Greater Accra region.
  • June 27, 2019 demonstration in Accra in the Greater Accra region.
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The last demonstration was in January 2020 when customers, bussed from other regions, besieged the premises of the company’s CEO Nana Appiah Mensah

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