In a heart-wrenching turn of events, the customers of the now-defunct Menzgold Company Limited have reached out to former President John Dramani Mahama, seeking his assistance in recovering their funds trapped in the illicit gold dealership and investment company. Since the company’s abrupt closure in 2018, these victims have endured unimaginable hardships, with 217 individuals losing their lives, and others grappling with vision impairment and mental health issues.
A Cry for Help
The Menzgold customers, faced with dire circumstances, are now imploring the former President to lead their efforts in securing a bailout from the government. During a poignant meeting held at Mr. Mahama’s Cantonments office, Mr. Fred Forson, the group’s leader and spokesperson, made an emotional appeal. He emphasized the severity of their situation and the urgent need for a state bailout, stating, “We believe that when Your Excellency adds your voice, it will help. Where we are now, we need a bailout from the state, so we humbly call on you to lead us in calling on the state to give us a bailout plan. Because life is very, very unbearable for us.”
Years of Struggle
The Menzgold customers’ convener added, “The state has wasted over four years on this small matter. There was no action. I am sure everybody will attest that it was the resilience of the customers — we kept on pressing, pressing — and now the Attorney-General has moved the matter from the lower court to the High Court. However, the civil aspect, which is the retrieval of our money, is still pending.”
President Mahama’s Response
President Mahama expressed his condolences to the victims, acknowledging it as one of the most unfortunate incidents in the country’s history. He raised concerns about the government’s weak regulatory oversight, which often facilitates the success of fraudulent schemes, leaving citizens vulnerable.
Moreover, he questioned the government’s delay in seizing control of the company’s accounts, confiscating its assets, and organizing auctions to reimburse a portion of customer investments. In response to the Menzgold customers’ plea, President Mahama pledged to stand by them in drawing attention to their plight. He urged the government to furnish them with comprehensive information about its efforts to alleviate their situation.
A Glimpse of Hope
The Menzgold customers are optimistic that with the support of the former President, they will finally be able to retrieve their funds and begin the arduous journey of recovering from the immense losses they have endured.
In conclusion, the plight of the Menzgold customers is a stark reminder of the devastating consequences of financial scams and inadequate regulatory oversight. Former President John Dramani Mahama’s involvement in their cause brings hope to these victims, who have suffered for far too long. It is now up to the government to take decisive action and provide relief to those who have been deeply affected by this unfortunate chapter in the country’s financial history.
FAQs
- What led to the collapse of Menzgold Company Limited? The collapse of Menzgold can be attributed to its dubious investment schemes, which promised high returns but ultimately proved unsustainable.
- How have the customers been affected by the closure of Menzgold? Customers have faced severe financial losses, with some suffering from health issues and even loss of life due to the crisis.
- What role does former President Mahama play in this situation? Former President Mahama has been approached by the Menzgold customers to lend his support in their efforts to secure a bailout from the government.
- What steps has the government taken to address the Menzgold issue? The government has been criticized for its delayed response to the crisis, but recent efforts, such as moving the case to the High Court, show progress in addressing the matter.
- What is the outlook for the Menzgold customers with President Mahama’s involvement? The customers are hopeful that with the former President’s support, they will finally be able to recover their funds and start rebuilding their lives.
Source: johnmahama.org
