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Reverend Minister drags Menzgold to court over GHc24,000 investment

Written by  Oct 10, 2018
Gold trading company, Menzgold has been dragged to court by one of its customers. The customer, Reverend Joseph Appiah Odei, a resident of Tabora ibn Accra dragged the company and its Managing Director, Nana Appiah Mensah to court in relation to his GHc24, 000 investment. The man of God is claiming general damages for breach of contract and misrepresentation. He is also claiming interest on the total sum of Gh₡24,000, which he deposited, with Menzgold on April 20, 2018. His suit was filed on October 5, 2018 at the Accra High Court and in his writ he states that on April 20, 2018, he deposited 12 pounds of gold estimated at Gh₡24,000 for a period of 12 months and paid a non-refundable commission of Gh₡1200 to Menzgold. Meanwhile, a statement issued by the company says customers who wish to terminate their investment transaction will receive the full amount of their investment in 90 days if the ongoing misunderstanding with statutory institutions is resolved. “Should Menzgold succeed in reaching an amicable resolution with the authorities, customers wishing to continue trading with Menzgold are free to exercise the option of continuing to trade with us. Similarly customers wishing to terminate their business with Menzgold are free to do so and should be rest assured of their full payment in 90-days as stipulated…” a statement released by Menzgold, Monday said.
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