Menzgold Scandal: Let’s Not Fold Our Arms In Naivety - Okudzeto Ablakwa

The honorable Member of Parliament (MP) for North Tongu, Samuel Okudzeto Ablakwa has shared that government and parliamentarians should not fold their arms in naivety in the wake of the Menzgold sage which has seen many Ghanaians losing huge sums of money to the gold dealership firm.

Menzgold has not been able to pay its clients’ dividends or principal investments since August 2018 after the Securities and Exchange Commission shut it down over regulatory infractions.

From that period, affected customers of Menzgold have held several demonstrations to demand their investments whiles pleading to government to intervene and retrieve their monies for them. The government has repeatedly said taxpayers’ money will not be used to rescue them and the issue remains hot with continues cries from the aggrieved customers.

The Ghanaian authorities have, however, issued a warrant for the arrest of the CEO, Nana Appiah Mensah, and some of the company’s directors in connection with money laundering and fraud allegations.

The Statesman newspaper’s online portal yesterday reported that Nana Appiah Mensah has been arrested in Dubai in connection with a different case in which he is accused of duping an Arabian gold dealer.

That report has also been subsequently debunked by authorities in Dubai who in an interview with Starr FM earlier this morning has disclosed that it is not true they have arrested any Ghanaian international by the name of Nana Appiah Mensah.

In a Facebook post by Honorable Samuel Okudzeto Ablakwa, he has stressed that if this scandal had happened in any other country, a bi-partisan parliamentary probe would have been carried out to get to the bottom of the matter.

The Parliamentarian after denying any connection with Menzgold indicated that it is his prayer some of his colleagues will have the courage to join people who share in his idea to try and look into the matter to protect the interest of the people that voted them into their positions.

“I sincerely pray that some colleagues across the aisle will have the courage to join those of us on this side who believe we can look into this matter in the supreme interest of Ghana irrespective of partisan considerations and really depart from the farcical precedents of recent bi-partisan probes where partisanship trounced truth and conscience”.

“Even though I am in no way connected to Menzgold, neither am I one of their victims, contrary to infantile fabrications in circulation; it is my considered view that those of us in elected office and who ought to act as the true representatives of the people cannot afford to fold our arms and merely join the greed and naivety chorus”.

“Leaders and especially the people’s representatives cannot abandon nor betray their constituents in such a crude manner as being suggested by some. That would not be the kind of representative democracy Rt. Hon. Justice D.F. Annan, Rt. Hon. Peter Ala Adjetey, Hon. J.H. Mensah and others laid down their lives for” the North Tongu MP wrote on his Facebook wall.