The Chief Executive Officer of Menzgold, Nana Appiah Mensah (NAM 1), has said he is the most significant victim of the vanished investments in the gold collectibles company.

NAM 1 has conceded that he is shouldering the brunt of the fallout from the debacle. He attributes this assertion to the personal losses he claims to have incurred as a consequence of the downfall of Menzgold.

"If you're looking for the primary casualty in this entire affair, I am that person," he stated during a Twitter Space conversation on 22 August 2023.

He clarified that he has not personally profited from customers' funds, countering allegations to the contrary. 

He explained, "The notion that funds were funnelled directly to me is unfounded. It's not as if the company routinely handed me money, and I carried it home. That's not how it operated."

Concerning reports of the death of some customers as a result of their vanished investments, NAM1 said: "I certainly sympathise with the circumstances that have unfolded, and if I had the means, I would rectify it. Efforts are underway," he affirmed.

He reiterated that payments are slated to commence on October 20, 2023, following the completion of the validation process.

Customers with claims are supposed to pay GHS650 to verify their investments before payment.

In a recent notice, NAM1 warned that failure to pay the amount is an automatic waiver of all rights to their alleged funds.