Zylofon Media, one of the companies owned by embattled CEO of Menzgold Company Limited, Nana Appiah Mensah, has disclosed that it is still in the position to sponsor the Ghana Premier League.
This disclosure was made by a public relations officer of Zylofon Media, Halifax Ansah Addo, according to a report monitored by YEN.com.gh on GHone Television. According to Halifax, the company was still in the position, and also had money to sponsor the premier league.
His revelation comes at a time that Menzgold, a sister company to Zylofon Media, and its CEO, NAM1, are in deep trouble over not being able to repay funds invested in the company by many Ghanaians.
According to Halifax, the company had already met some obligations and would continue to sponsor the league. Earlier, YEN.com.gh reported how Nana Appiah had promised to inject over 1 million cedis into the premier league, just before Nyantakyi was exposed by Anas Aremeyaw Anas’ ‘Number 12’ investigation piece. However, following the crises Menzgold is facing, people thought the sponsorship would not hold anymore because Menzgold has not even been able to pay its debts.
Meanwhile, NAM1 has been declared wanted by INTERPOL for his inability to repay funds invested with Menzgold
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He had allegedly breached his bail condition and run away together with his wife, Rose Tetteh, who has also been named as one of Menzgold’s directors. The two other directors are Benedicta Appiah, and Abigail Mensah, reported to be younger sisters of NAM1.]
In a related development, a mother of three called Jane, has revealed how she and her husband took loans from the bank to invest with Menzgold.
Until Menzgold’s woes begun, both husband and wife had kept their investment a secret from each other. YEN.com.gh has also published a video containing NAM1’s gold mansion and expensive cars at Trassco. Another report of how he lived in a single room before his rise to fame and riches has been published.
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