Coalition of Aggrieved Menzgold Customers call for arrest, prosecution of Stonebwoy

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The Coalition of Aggrieved Customers of Menzgold (CACM) has called for the arrest and prosecution of Ghanaian musician Stonewbwoy.

It follows after he promoted the so-called crypto investment dubbed SidiCoinNFT.

According to the Aggrieved Customers, SidiCoinNFT is an unlicensed financial scheme that has been unraveled as a scam.

Photo Credit: Twitter

In a press statement, CACM expounded that this unlicensed scheme has been structured in almost the same manner as Menzgold was.

“Their legal terms, purity of gold of the coin being offered, fixed percentages of dividend one is assured, and language of their terms and conditions cleverly tells you that this business is a Nam1 made scam,” the group stated.

CACM wrote that “we are, therefore, calling on the relevant security agencies and state authorities to investigate. arrest, and prosecute all those behind this sidicoinNFT and its brand ambassador Stonebwoy without delay.”


The group also wants the musician to be stripped of any national or corporate award given to him over the years following his posts.

It will be recalled that barely a week ago Stonebwoy tweeted and introduced his fans to this new business, urging them times are changing; hence joining SidiCoinNFT will help every hardworking individual to make money.

But shortly after his tweet, he and media personality Bridget Otoo engaged in a heated verbal exchange.

Ms Otoo had cautioned the former against publicly endorsing investment deals after Stonebwoy introduced a non-fungible token (NFT), SidiCoinNFT.

She insisted that it would be insensitive for the dancehall musician to make a move against the backdrop of his ambassadorial role in the Menzgold saga.

Stonebwoy did not take it lightly and responded that “I think it’s very BIASED and PREJUDICED to pin the loss of lives and properties on ambassadors WHO in NO WAY RAN the said company.”

“I know people who have lost monies and others who gained, and I have personally lost very close relatives too.”

Meanwhile, the aggrieved customers in the statement stated that they have not forgotten Stonebowy’s role in promoting Menzgold to his millions of followers.

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