The Supreme Court has dismissed an application by Nana Appiah Mensah, popularly known as NAM1, seeking to stop the ongoing criminal trial against him. NAM1, the Chief Executive Officer of the defunct Menzgold Ghana Limited, is standing trial over allegations of large-scale fraud against customers of the collapsed gold dealership firm.
This marks the third time the application has been rejected, after both the High Court and the Court of Appeal earlier dismissed similar requests.
NAM1 and two of his companies—Menzgold Ghana Limited and Brew Marketing Consult Ghana Limited—are facing 39 charges, including selling gold without a licence, operating a deposit-taking business without authorisation, inducement to invest, defrauding by false pretence, fraudulent breach of trust, and money laundering.
The charges stem from alleged customer losses amounting to GH¢340,835,650 between 2016 and 2018.
NAM1 has pleaded not guilty to all charges and remains on bail set at GH¢500 million with four sureties.
Background to the Failed Application
In 2024, the High Court ordered NAM1 to open his defence after dismissing his submission of no case. His legal team appealed the decision and simultaneously filed an application for a stay of proceedings—both of which were dismissed by the trial court.
Subsequent attempts to secure a stay at the Court of Appeal also failed.
Still dissatisfied, his lawyers filed a fresh application at the Supreme Court seeking to halt the trial. The apex court has now dismissed the application, clearing the way for the continuation of the case.
With this latest ruling, the long-running trial is expected to proceed without further procedural delays.
