The Chief Executive Officer of defunct gold dealership firm, Menzgold, Nana Appiah Mensah, popularly known as NAM1 says he has paid over GH₵9.6 million to customers whose monies were locked up in his firm.

He has also assured customers who are yet to receive their monies that they would receive their monies before the end of December 2020.

A video of NAM1 showing up at an artiste signing event of  Xylophone Media last week sparked uproar on social media.

Nam1 was heavily criticized for ignoring the many aggrieved Menzgold customers to focus on other activities.

However, in a statement published on Instagram, NAM1 dispelled rumors that he had neglected customers affected by the shutdown of Menzgold to sign on a new artiste onto his Zylofon Music record label.

According to him, it would be wrong to say that Zylon and Menzgold were one and the same and that the only way he has been able to settle his indebtedness to affected customers was because of the other sources of revenue being generated by the former.

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Read the full statement below: