Audio By Carbonatix
Juliet Oti, a 50-year-old woman who lives in Amasaman, a suburb of the capital, Accra, has suffered from a stroke.
She has no money to pursue her medical bills.
Juliet tells JoyNews that as the breadwinner for her home, the family has hit rock bottom.
“I don’t have anyone to go to, I cry most of the time, and when I do the children cry too.”
The businesswoman has a daughter who has just completed senior high school but the future looks bleak.
There are no funds for her to pursue tertiary education and “I cannot work too because then, nobody would be around to look after my mother,” she said.
This was not the plan for Juliet Oti.
Her travails begun when she suddenly fell ill while preparing for a business trip.
As a means to ensure a constant inflow of cash, she took the advice of a friend and invested in gold dealership, Menzgold Ghana Limited.
That decision has come back to haunt her as the firm has now run into legal and financial crisis.
“I didn’t even receive a single dividend,” she lamented, adding that she invested GH¢100, 000 ($18,366).
Juliet is appealing to Menzgold CEO, Nana Appiah Mensah, to have mercy on her and pay her money.
Menzgold crisis
The woes of the embattled firm begun in September 2018 when the Securities and Exchange Commission ordered a shutdown of their trade in gold collectibles.
The license of Menzgold, the SEC said, was to buy and export gold.
However, Mr. Appiah and his Menzgold promised investors and traders in their gold collectible market a 10% return per month.
The company has since August 2018, failed to pay investors either their capital or dividend.
Embattled CEO of Menzgold Nana Appiah Mensah
NAM1 as he is popularly called, subsequently left the country and reportedly spent time in Dubai prisons in the UAE for a business deal gone bad there.
He, however, returned to Ghana in June 2019 amid reports that he won the case and was awarded $39million.
He has been placed before the court on charges of fraud.
The businessman at a press briefing on Monday, called the government to help him retrieve his cash from Dubai so he can pay his customers.
The Office of the Attorney-General in response, asked the embattled businessman to write formally to the government for that request.
Latest Stories
-
NDC youth organiser aspirant Okai Mintah wishes Constituency Youth Organiser aspirants well
4 minutes -
Citizens Platform rejects five-year presidential term, demands legal framework for constitutional reforms
12 minutes -
Over GH¢600m COVID audit gap frightening – PAC Vice Chairman
13 minutes -
Coronation Insurance appoints Bridget Puorideme as acting Head of Sales and Distribution
16 minutes -
Manyhia South MP raises alarm over alleged detention of woman whose whereabouts are unknown
17 minutes -
Police officer charged with murder over death of 20-year-old law student
20 minutes -
GRA to roll out Fiscal and Accounting devices in Q4 to improve VAT compliance
21 minutes -
PAC to demand answers on COVID GH¢624m fumigation gap from Audit Service – Davis Ansah Opoku
24 minutes -
NDC youth organiser aspirant calls for stronger grassroots mobilisation ahead of 2028
29 minutes -
6 out of 10 businesses not complying with tax obligations – GRA
39 minutes -
Chamber of Cocoa Marketers warns Cocobod’s GH¢4bn debt could disrupt cocoa purchases in new season
43 minutes -
Gov’t to unveil 1.5GW renewable energy pipeline to cut power costs for industries
45 minutes -
Bullet TV, Atinka journalists allegedly assaulted while covering Laboma Beach demolition
45 minutes -
COVID-19 fumigation gap raises questions about Auditor-General’s work – Senanu
55 minutes -
How TRAFFITECH-GH will detect traffic offences, issue fines and penalise defaulters
56 minutes