Bulldog arrested for threatening Akufo-Addo over menzgold saga

Bulldog arrested for threatening Akufo-Addo over menzgold saga

Bulldog arrested for threatening Akufo-Addo over menzgold saga

Bulldog, Manager of multi-award winning dancehall artiste, Shatta Wale was on Monday, January 11 arrested for allegedly threatening that President Nana Addo Dankwa Akufo-Addo will not complete his four-year term in office.

According to him, if aggrieved customers of Menzgold, a gold dealership firm, do not get back their locked-up funds the president will not have serene mind to continue his mandate.

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Bulldog who claimed that he invested in Menzgold, stated on United Television (UTV’s) United Showbiz on Saturday, January 9, 2021 stated that the government should have been decorum when closing down some banks of the country.

“The fact that people invested in Menzgold, it is also somebody’s business which employs a lot of people. Now, if you have issues with whatever it is, when commenting on Menzgold, you need to relax with your comments.”

“We have a culture of trying to pull people down in this country. Look, two or three years from now or even this year, you could start a huge business [but] if someone goes on the rampage to say that the business you are engaging in is not good, I think it is not healthy for our system.” Bulldog was commenting on issues raised on the show by co-panellist Afia Schwarzenegger.

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Trying to give vivid explanations on why Menzgold was shut down by the Akufo-Addo administration, Bulldog said, Menzgold was operating when the government indicated that the firm had no licence to operate in that “specialised” field.

Bulldog indicated that government should have regularised Menzgold if it did not have license and legal accreditation to operate.

“In my view, if you say the person doesn’t have a permit to run the business, you regularise their business. You make sure they get the permit, then you allow them to work. If you don’t do that and say OK shut down [the] business, what you need to do is to protect customers,” he explained.

Making reference to Afia Schwarzenegger’s comments that some of her family members who saved with Menzgold lost all their investments, Bulldog reiterated that the government needed to pay all investors before shutting down the business.

“It doesn’t make sense [if] they want to shut them down.”

“To protect customers, customers should receive their monies before they shut them down,” he stressed.

Afia Schwarzenegger who interjected asked “So where is the money?”

Bulldog demanded Afia Schwerzinager to ask the government and threatened to make President Akufo-Addo to take to his heels.

“Go and ask the government that shut them down. Are you listening? We’ll get our monies back else Nana Addo will run; he won’t finish his four years. I am telling you. He won’t finish his four years,” he threatened.

Afia Schwarzenegger suggested that he was threatening the President and urged him to guide his words but Bulldog who was furious screamed on her, saying “Just shut up, that’s none of your business.”


Menzgold was shut down in September 2018, and stopped from accepting new investments.

An investigation by the Securities and Exchange Commission (SEC) found that the company did not have the licence to deal in gold trading.

Unable to refund the monies for the 1,000 or so customers, estimated to be about GH¢200 million, Nana Appiah Mensah, the Chief Executive Officer of the now-defunct company was dragged to court.

While the final determination of the case is yet to be made, there have been numerous calls on the government to give customers a bailout but the Akufo-Addo administration has said it will not use taxpayers’ money to pay Menzgold’s depositors.
Bulldog before the show ended retracted the comments he had made earlier about the President and explained that he had nothing against the president but only wanted him to pay the customers who lost their investments in the Menzgold saga.

Source: www.spotonnews.net

Written by Joyceline Natally Cudjoe

An Entertainment Columnist, Content Writer, Blogger, Novelist, Poet, and a Publicist. For business or story tip off, contact me on +233 24 646 6866 or email: spotonnews.net@gmail.com