After receiving a lot of flak for signing a new artiste onto Zylofon Music record label while owing Menzgold customers, the CEO of the embattled gold dealership company, Nana Appiah Mensah, popularly known as NAM1, has responded.
In an open letter, NAM1 states that Menzgold and Zylofon are two different entities and that comparing the two is an “incredible display of intellectual deficiency or bankruptcy.”
He also notes that he is still paying customers whose investments got locked up in his defunct Menzgold company.
“As of now, we hold documentary evidence, clearly showing that we have paid over ninety-six (96) billion old Ghana cedis (GHC 9.6 M) even in our state of dormancy a continue to humbly make payments every now and then,” he wrote.
NAM 1 has for the past few days been mauled by a section of the public after an unveiling event held in Accra on June 12, 2020, to announce the signing of a new artiste Tiisha.
People who saw videos and photos of NAM at the event wrote on social media that he was insensitive to the plight of the Mengzgold customers, by signing a new artiste to his record label.
Zyfolon Music record label became moribund after their bankroller, Menzgold got closed by the Securities and Exchange Commission for not having the right documents.
The company is therefore expected to pay off all the people whose investments got stuck at the gold dealership company.
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By: ghanaweekend.com
