Music producer Edward Nana Poku known in showbiz as Hammer has asked the Chief Executive Officer of Menzgold Nana Appiah Mensah to admit his mistakes.
The Menzgold boss popularly known as NAM1 recently wrote on twitter that his brand had been tainted because his customers had fallen for misconceptions about him.
“Instead of us being resolute, you’ve fallen for the misconceptions and further denigration of my name & the brand. We shall do the needful now. God knows we defended our collective cause.#Posterity #Hail! Menzgold Global” he tweeted.
This comes after the Coalition of Aggrieved Customers of Menzgold on Tuesday, 27 November 2018, took to the streets of Accra to protest against the management of the gold-trading firm for non-payment of their investments.
Replying his tweet, the CEO of The Last Two Music Group, Hammer told Nana Appiah Mensah to admit that what is happening to Menzgold is as a result of his mistakes.
“I know you genuinely wanted to make and share the wealth with your fellow Ghanaians but you must admit that you made mistakes that triggered this feud with regulators resulting in your misfortunes. Regardless, you still earned my respect as one of the greatest minds of our time. I hope you are able to come out of this clean,” he wrote.
In August, Menzgold was ordered by the Security and Exchange Commission (SEC) to close down its gold vault trading after SEC and BoG said the company did not have the licence to operate.
NAM 1, while tussling with SEC and BoG over the legality or otherwise of their operation, took to social media to call the authorities a ‘joke’ but came out to apologise later.
Apart from Hammer, some people have also opined that his initial approach to solving the issue was abrasive.
Nana Appiah Mensah is also the CEO of Zylofon Media, an entertainment conglomerate which comprises a record label, arts club and artiste management wing.