Media personality and movie producer, Ola Michael, has slammed Nana Appiah Mensah, CEO of embattled Gold dealership company Menzgold, for signing a new artist unto Zylofon Music.

He lamented that it is insensitive on the part of NAM 1 to spend money to sign a new artiste when they have not paid the people who invested their monies at Menzgold.

The music label announced a recommencement of operations at a brief event in Accra on June 12, 2020.

That event was held at the Zylofon office complex in East-Legon, Accra.

During the event, C.E.O of Zylofon Media, Nana Appiah Mensah, unveiled a new female artist known as Tiisha.

Ola Michael slammed the management of Zylofon Music for failing to reimburse Menzgold customers whose monies are locked up in the gold firm.

He added that it was impossible to decouple Zylofon Media and Menzgold because Zylofon Media was built from the money invested in Menzgold.

”If someone tells me to separate Zylofon from Menzgold, me, I won’t agree. I feel the whole Zylofon building was erected with money from Menzgold. Because who can tell me that, since Zylofon was started, the whole establishment, music and film, has earned them a profit of GHC 1 million?

“I think now that they’re reopening it is a bit insensitive to those whose money are locked up at Menzgold. It’s very, very insensitive.

”We will be branded as doomsayers for saying this…I don’t know why the need now and why they want to do it now. I don’t know the plan but I feel it’s a bit insensitive to those whose money is at Menzgold”, he said on Peace FM’s Entertainment Review.

Zylofon Media had ceased operations after Nana Appiah was arrested and his company Menzgold, the main financier of Zylofon Media, was shut down by government.

Menzgold customers whose cash have been locked up since the shutdown are still demanding for their monies.

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