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We hope NAM1’s return ends customers’ woes – Lawyer

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We hope NAM1’s return ends customers’ woes – Lawyer

We hope NAM1’s return ends customers’ woes – Lawyer

The lawyer for aggrieved Menzgold customers, Amanda Clinton believes the return of the beleaguered CEO of the company will bring some respite to her clients.

According to her, she expects the defunct company to prepare a new payment plan in consultation with the government and one that is based on the investigations by the police.

Commenting on Nana Appiah Mensah’s return, Ms. Clinton said both parties should not renege on their efforts to bring finality to the matter.

“My next line of action is to see what Menzgold will come up with in terms of a payment plan and what they agree with the government in terms of the police. The police might release a statement as to why all those funds were missing because now NAM will answer to the charge and then they might decide to further prosecute or they might decide that if he is willing to pay the money then they will not prosecute him right now but we need to know what happens to this company and we need funds for these customers.”

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“So the ball is in the CID court, and the ball in the Menzgold team court in order to come up with a good plan that satisfies the customers as well as to tell people why they weren’t able to pay the monthly amount after SEC said no new customers could be taken in.”

Nana Appiah Mensah arrived in Ghana today [Thursday] and is currently being interrogated by the Criminal Investigations Department (CID) of the Ghana Police Service.

He arrived at the Kotoka International Airport where he was whisked away by security officials to the Police Headquarters.

Having spent the last six months in police custody in Dubai due to a criminal case brought against him by a private company in that country, an INTERPOL red alert notice placed on him by the government of Ghana also made it impossible for the Dubai authorities to release him from their custody after he won the case in court.

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He has been declared wanted in Ghana over allegations of fraud brought against him by some persons who invested in his gold dealership company, Menzgold but have not been paid their dividends or principals for several months.

We want our monies

Frederick Forson who is the founder of Aggrieved Customers of Menzgold in a Citi News interview said the return of NAM1 signifies a ‘major stride’ in having their locked up cash paid them.

He said, the group is hopeful that the government’s engagement with the company’s CEO will yield positive results.

“It’s a major stride in the fight towards the retrieval of our money and majority of us customers are very happy that he’s finally in here. I think this will open a new window of hope for the customers and now the government of the Republic of Ghana and the customers’ leadership can interact with him and know the way forward. We expect the government to engage him in a more productive manner and to ensure that the needs of the customers, the majority of the customers, are taken care of in whatever interrogations and whatever interactions that they are having with him. Because at the end of the day, our priority is to ensure that our monies are paid to us and so whatever processes he is being taken through now, it should lead to the ultimate payment of our money. That is what we’re asking for, that is our hope and that is what we want to see.”

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Source: citinewsroom.com

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Lumba and I didn’t break up over a woman – Nana Acheampong

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Lumba and I didn’t break up over a woman – Nana Acheampong

One of the originators of ‘Burger Highlife’, Nana Acheampong has discounted claims that he split with his other half-brother, Daddy Lumba over a woman.

Following the decision by both musicians who formed the famous Lumba Brothers to go solo, there were reports their division was fueled by a woman both were chasing.

But reacting to it for the first time on Kumasi-based Pure FM monitored by MyNewsGh.com, the musician stated unequivocally that it was neither because of a woman nor money but a collective decision arrived at.

“After coming out with songs for a couple of times and playing for almost 10 years, he moved from where we stayed in Germany to another place called Oldenburg and the distance was quite far. He was unable to be coming for regular rehearsals”, he revealed to host Hammer.

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Though their fans were not too happy over the split, he insisted that it was not because of money nor a woman but a development that led to them producing more music for the country.

He admitted both are good at writing songs and pray that they will continue to be inspired to do more and produce good songs for their fans.

Source: mynewsgh.com

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Mahama increased electricity tariff by 166%, NPP decreased by 5% – Bawumia

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Mahama increased electricity tariff by 166%, NPP decreased by 5% – Bawumia

The National Democratic Congress, during the Mahama administration, cumulatively increased electricity tariff by 166%, Vice-President Dr Mahamudu Bawumia has said.

On the back of the Public Utilities Regulatory Commission’s recent hike in power and water tariffs by 5.94 per cent and 2.22 per cent, respectively, Dr Bawumia said at the launch of the Youth Employment Agency (YEA) at the Bank of Ghana (BoG) Auditorium at the University of Ghana (UG) on Wednesday, 2 October 2019 that: “Between 2013 and 2016, just the last four years of the NDC government, the cumulative increase in electricity tariff was 166%”.

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Dr Bawumia said that in line with the Akufo-Addo government’s agenda to create jobs, the administration has embarked on moves to cut electricity tariff to spur more employment.

According to him, “In 2018, we [NPP] reduced electricity prices of businesses by 30% and for households by 17.5 %, an average of around 22%.”

“Earlier this year in July, there was an increase of electricity price of 11% and yesterday of 5.6%. When you take the total cumulative increase on average, as I said, between 2017 and today, you have a cumulative decrease of about 5%”.

He continued: “So, the NDC, in their last four years, increased [electricity tariff] by 166%, we have come down since we have been in government by 5% on average”.

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This, Dr Bawumia said, far outweighs the performance of the Mahama administration.

Comparatively, he said it is “still ‘boot for charley-wote’ when you come to electricity pricing”.

Source: classfmonline.com

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Brother of deposed Algerian leader sentenced to 15 years

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Brother of deposed Algerian leader sentenced to 15 years

The brother of Algeria’s deposed former president has been sentenced to 15 years in prison for conspiring against the state and undermining the military.

Said Bouteflika was widely seen as the real power behind the presidency after his brother, Abdelaziz Bouteflika, suffered a stroke in 2013.

Two former secret service chiefs and a political party head were also sentenced after the two-day trial.

President Bouteflika was ousted in April following pro-democracy protests.

The defendants were detained in May during a wave of arrests targeting the former president’s inner circle.

The ailing ex-leader is in a residence west of Algiers, and is not expected to face trial.

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The current authorities in Algeria have promised to crack down on what the call “the gang” that used to surround President Bouteflika and bring them to justice, the BBC’s Ahmed Rouaba says.

This trial is designed to show that the government is serious about fighting what it says is corruption at the highest level of the state, our reporter adds.

What were the allegations?

The charges related to an alleged meeting between Said Bouteflika and his co-defendants in March.

He was accused of conspiring with two secret service leaders, Gen Mohamed Mediene and Gen Athmane Tartag, and the head of The Workers’ Party, Louisa Hanoune.

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They were said to be considering declaring a state of emergency and firing the army chief, Gen Ahmed Gaid Salah, as protests against the president were mounting.

Who is now in charge?

Gen Salah remains the head of the armed forces and is considered to be the most powerful man in the country, but the speaker of parliament’s upper house, Abdelkader Bensalah, is the interim president.

Both men are tainted by an association with the former government.

Nevertheless, they say they are committed to dealing with alleged corruption under President Bouteflika.

Several former cabinet ministers, political leaders and businessmen linked to the ousted leader have also been detained.

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Despite this crackdown, the authorities have not been able to hold a presidential election that would pave the way to the return of constitutional rule.

Protesters, who are still taking to the streets every Friday, have rejected elections under the current government, and are calling for the removal of all officials associated with the Bouteflika regime.

Source: bbc.com

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