Menzgold has appointed digital payment marketing and promotions company, Payboy, as a third party entity to negotiate settlement payment of all monies owed customers of Menzgold.
In a statement released by the now-defunct gold dealership company, they indicated that “Payboy as the appointed third party entity with capacity to negotiate “Debt Settlements Agreements” and to facilitate payments of same, in our committed resolve to ensure the eventual full debts settlements by Menzgold within the shortest possible time.”
Meanwhile, the Coalition of Aggrieved Customers of Menzgold (CACM) has raised concerns about the PayBoy firm.
They are alleging that the company is not licensed by the Bank of Ghana to carry out such responsibility, hence, they cannot deal with the company as the third party to negotiate and facilitate the payment of their locked up investment.
“Our checks do not indicate that Payboy is licensed by the Bank of Ghana. They’ve been registered by the Registrar’s General Department. But as to the particular business they’re doing in demanding money, Bank of Ghana ought to license them to do that activity.
In an interview with Univers Business, Public Relations Officer of the aggrieved customers, Fred Forson, described Payboy Company Limited as a Ponzi scheme and an offshoot of Menzgold.
“The activities of the current Payboy we know is akin Ponzi that Peter must come and pay so that we can pay Paul. If that is the Payboy we know or if this is a different Payboy, they must come clear and tell us,” he stated.
Story by: Nicholas Brown