Prophet Kumchacha has said that he wishes he could swap the death of Christian Atsu for Nana Appiah Mensah (Nam1), who caused him to lose huge sum of money because of the collapse of his Menzgold investment company.
According to the founder and leader of Heaven’s Gate Ministries, while the footballer lived his life for the benefit of others, including the poor, the CEO of the failed gold investment firm has brought pain and suffering to himself and others through his actions.
In justifying his desire for defunct Menzgold CEO Nam1 to die instead of Black Stars player Christian Atsu, prophet Kumchacha explained that:
“I mentioned Nam1 and I’d explain, I lost three billion old currency equivalent to GH₵300,000 in our new currency to the whole Nam1 issue. Sometimes when I reflect on it in my mind, I wish to chew him alive when I get the opportunity.
“Because raising such an amount is not easy. I always take time to pray that God takes away such thoughts from my mind,” he stated while appearing as a guest on an entertainment talk show on Onua TV.
Prophet Kumchacha added that he had hopes of retrieving his money when the government earlier commenced the prosecution of NAM1 but has since lost that hope.
Menzgold was a company that was previously known as Menzbank, then Menzbanc, and finally Mengold.
The company’s problems began when the Securities and Exchange Commission (SEC) ordered the gold trading company Menzgold Ghana Limited to immediately cease all investment activities due to violations of the Securities Industry Act of 2016. (Act 929).
The SEC order also prohibited Menzgold from soliciting new depositor contracts or advertising their investment company.
According to a letter addressed to Menzgold CEO Nana Appiah Mensah, investigations by the regulator revealed that Menzgold’s business, which involves the purchase/deposit of gold from the public and contracts issued with guaranteed returns with clients, is a capital market activity that cannot be conducted without a valid licence issued by the SEC.
The Menzgold was established in 2014 and was shutdown on September 2018 by the Ghana Securities and Exchange Commission.