NAM 1 in trouble as EOCO set to sell all His Menzgold properties and his two expensive mansions as ‘Donkomi’
The Financial and Economic Crimes Division of the Accra High Court presided over by Justice Afia Serwaa Asare Botwe, has given the Economic and Organized Crime Office (EOCO) express authorization to auction the properties of the alleged fraudster and CEO of MenzGold, Nana Appiah Mensah aka NAM 1.
The order came after EOCO filed a motion asking the court to allow it to auction off the assets of the defunct company.
Brew Energy and G-Tech Automobile Service are two of the companies that will be sold alongside Menzgold’s other assets.
Other NAM 1 properties that will be auctioned off include Zylofon Art Complex, Brew Marketing Consult, and Star Madrid, a football club in Madrid, Spain.
The court also froze Zylofon Music and Media Company Limited, as well as two properties in Trassaco Valley, an unfinished residential property, and 510 acres of land, said to belong to NAM 1.
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