CEO of Zylofon Music and Menzgold, Nana Appiah Mensah aka NAM1 has hit back at critics bashing him for signing a new artiste when he owes people money.

Nana Appiah Mensah unveiled the new artiste, Tiisha last week Friday and since then he has been criticized for signing the musician when his company, Menzgold has not been able to pay customers it owes.

In a statement to address the attacks on him, Nana Appiah said the fact that he owes some customers of Menzgold does not mean he cannot operate Zylofon Music even though the two companies are linked to one owner.

A part of the open letter sighted by KwasiAboagyeLive.com read: “a very low shot at logic and a glaringly incredible display of intellectual deficiency or bankruptcy”.

NAM1 also revealed that Menzgold has paid GH¢9.6 million but believes he can pay more if he invests in other businesses which will fetch him more money.

Read the full statement below: