Officials of the Economic and Organised Crime Office (EOCO) will by the close of today January 30, 2019 visit the homes of Zylofon Media signed artistes including Stonebwoy and Shatta Wale to recover some properties of Nana Appiah Mensah popularly known as NAM 1.
Our sources say officials of EOCO in the company of armed police men will be hunting for the homes of Stonebwoy, Shatta Wale, Joyce Blessing, Kumi Guitar and actors like James Gardiner, Two Sweet Annan and others who have in their possession properties given to them by Nana Appiah Mensah’s Zylofon Media taken away from them.
It is gathered that some buildings and cars are still in the name of the parent organization Zylofon Media and could have only be transferred into the name of the artistes upon completion of their individual contracts.
EOCO on Tuesday secured a court order to freeze landed properties and companies belonging to Nana Appiah Mensah alias NAM 1 currently in detention at the United Arab Emirates (UAE).
Menzgold Ghana Limited which is a Gold dealership company and the mother of other companies inclusive Zylofon Music is currently distress crawling due to series of challenges.
Zylofon TV and Radio following the directive have halted operations and workers sent home according to a statement from Communications Manager of Zylofon FM and Zylofon TV, Samuel Atuobi Baah.
“Being a law abiding entity, we expect that due process be facilitated to restore sanity.”
Some weeks ago, EOCO froze the accounts of Nana Appiah Mensah alias NAM 1 who is the Chief Executive Officer (CEO) of Menzgold and is seeking public support to locate other accounts either locally or internationally to freeze them pending the outcome of investigations into allegations he has defrauded some persons by false pretenses.
“What we are telling the public is that anyone with information on his other accounts should let us know because we believe he might have used different names to open such accounts and so friends, family should let us know about other accounts,” he urged on Accra-based Adom Fm.