Menzgold’s 1.8Million Depositors’ Is An “Exaggeration” – Kweku Baako

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One controversy that has engulfed embattled gold dealership firm, Menzgold is the number of people who invested in the company’s ponzi scheme.

According to unconfirmed reports, some 1.8 million customers invested with the company, others are even quoting outrageous figures.

But the editor-in-chief of the New Crusading Guide newspaper, Mr Abdul Kweku Baako has rubbished all those outrageous figures.

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According to him, data available to him indicates that the figures being bundled around as the customer base of Menzgold cannot be true.

Describing the figure as an exaggeration, he said the entire customer strength of Menzgold is way below what is in the public domain.

“Results of my checks on the number of Depositors of 6 Menzgold branches so far: Kasoa:978, East Legon: 603, Dzorwulu:(Head Office): 1,608, Tema: 880, Kumasi: 568, Tarkwa: 269, Kaneshie: (Still checking). Total:4,924(minus Kaneshie).

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“Me: I have been questioning the source of the figure, 1.8m customers of Menzgold. Here we are! Someone needed to have interrogated and investigated the figure thrown about and here we are! Going fishing now!”

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