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Court to rule on a motion to auction properties of NAM 1 today

January 19, 2022

The Financial and Economic Division of the High Court will today Wednesday, January 19, 2022 rule on a motion to auction properties of Nana Apiah Mensah Chief Executove Officer of defunct Menzgold.

This comes after the Director of the Economic and Organized Crime Office, (EOCO) had moved a motion for the properties of NAM1 and Menzgold to be auctioned.

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Appearing on court yesterday, Tuesday, January 18, lawyer Abu Issah, for Executive Director of EOCO moved the application for the auctioning of some properties of Menzgold and NAM1.

“We have a motion on notice for the discharge of confirmation and further prayer for official auction for the properties of respondents (Menzgold) and NAM1”.

The application was filed on November 19, 2021.

In his submission, he noted the applicant (EOCO) and other corroborative agencies found out that, the respondents have engaged in money laundering and other serious offences contrary sections of the Economic and Organised Crime Office.

By: Rainbowradioonline.com/Ghana

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