Accra: Artiste manager Bullet has alleged that Chief Executive Officer of the now-defunct Zylofon Media and Menzgold, Nana Appiah Mensah, popularly known as NAM 1, deceived and used Ghanaian celebrities to cover up his alleged scam operations in Ghana.
According to Ghana Web, Bullet claimed in an interview on Angel FM with MC Portfolio that NAM 1, as a businessman, 'knew nothing' about music, but deliberately signed celebrities onto his record label to build public trust in his investment schemes.
The artiste manager argued that NAM 1's strategy was to have well-known artistes associated with his record label, leading the public to trust the brand and subsequently invest in Menzgold. Bullet suggested that if such a scenario occurred in Western countries, the celebrities involved would be compelled to return the money received from NAM 1, as they were used as a front to mislead Ghanaians.
Bullet further commented on the late singer Ebony Reigns, who was signed to his Rufftown Records label. He addressed claims that she had considered joining Zylofon Media under NAM 1, explaining that it is common in the Ghanaian music industry for artistes to explore opportunities with other record labels offering significant financial backing.
Meanwhile, Nana Appiah Mensah and his companies are currently facing multiple charges, including unlicensed gold sales, unauthorized deposit-taking, investment inducement, defrauding by false pretences, fraudulent breach of trust, and money laundering.