News reaching MyNewsGh.com indicates that Zylofon signee and Ghana’s self-acclaimed Dancehall King, Charles Nii Armah Mensah known in Showbiz as Shatta Wale could soon lose his East Legon mansion and some vehicles as there are plans by Economic and Organised Crime Office (EOCO) to confiscate them as part of measures in retrieving properties of Menzgold and its subsidiary companies.
According to sources, the building and cars are still in the name of the parent organization Zylofon Media and could only be transferred to the name of the musician upon completion of his contract expected to end in a number of years.
There are moves to start seizing assets of the embattled gold dealership firm as part of efforts in recouping locked up cash of customers who have been on the heels of government to intervene.
It is unclear when officials of EOCO will start confiscating these properties but our source indicates that a number of them have been listed out and background on their true ownership done which now paves the way for them to move in.
EOCO earlier this week froze the accounts of Nana Appiah Mensah 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.
The Executive Director of EOCO, Mr. K.K Amoah who suspects NAM 1 could be operating with different account names is urging the public to volunteer such information to his outfit in order to track such transactions as part of ongoing investigations.
“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.
It would be recalled that in March last year, Zylofon Music offered a juicy package of $1.5 million together with a house and a Rolls Royce car to the musician.
Though officials of Zylofon refused to confirm the rumours of the package, they said the three-year contract included a non-disclosure clause which prevents both parties from giving details of the deal.