Nana Kwame Bediako, who is also known as Cheddar or Freedom Jacob Caesar, has been explaining why his partner, Azad Cola, wants to seize that huge, aesthetically pleasing, and imposing white building located next to Dankwa Circle at Osu in Accra, known as No. 1 Oxford Street Hotel.
Nana Kwame Bediako argues that his partner, Azad Cola, wants to take over the building because he [Cola] claims he solely repaid an IFC loan they used to construct the building.
According to Cheddar, his partner made that move without his consent and has not even shown him proof that he has indeed repaid that loan, even though, as a partner, he had a "fiduciary" duty to have disclosed that he was going to repay the loan.
This has been the main bone of contention, which has already been ruled on by the High Court of England and Wales against Nana Kwame Bediako and in favour of Azad Cola.
Bediako has actually been ordered to pay more than US$14.9 million plus interest and costs to Cola Holdings Limited, a UK-based company, which belongs to his partner Azad Cola. This was published on January 22, 2026 in the Daily Graphic.
Following that move, Azad Cola and his company, Cola Holdings, have initiated moves to take possession of the hotel building located in Accra, but Bediako is litigating and has appealed the decision.
This week, [July 21, 2026], the Commercial Division of the High Court in Accra granted a warrant, which allows Bediako's partner and his appointed Receiver in Ghana, Nii Amanor Dodoo, to obtain police assistance to seize the building in Accra.
But Nana Kwame Bediako and the management of No. 1 Oxford Street Hotel, in a press release issued Thursday afternoon (July 23, 2026), said they have filed an appeal against the Accra High Court order granting permission for police assistance to forcefully take over the building.
According to them, they have instructed their lawyers to challenge the court's decision and have filed an appeal together with applications seeking interim relief pending the determination of the appeal.
It is their view that the High Court order is not yet enforceable because the period prescribed under the applicable court rules has not expired.
In the release, they also said there are other related proceedings between the parties arising from the enforcement of a security interest over the property, some of which remain before the courts.
Background to the issues
Explaining that the hotel was still under their control and possession, it was explained that Kensington Residential Partners 1 Limited (“KRP1 Ltd”) is a limited liability company owned in equal shares by its only two Directors, Nana Kwame Bediako and Azad Cola.
It said Oxford No. 1, Oxford Street, was developed and is managed by KRP1 Ltd.
On funding for the project, the press release explained that to fund the development, the company supplemented shareholder capital with a facility from the International Finance Corporation (IFC).
It said the hotel opened in December 2019, but added that "the impact of the Covid-19 pandemic from 2020 prevented it from trading at a level sufficient to service the IFC facility."
It said "while management was engaging IFC to restructure the facility, Azad Cola — through his company, Cola Holdings Ltd — wrote to KRP1 stating that he had personally repaid the loan in full to IFC, and demanded that KRP1 reimburse Cola Holdings for that amount."
As a Director of KRP1, it said Azad Cola "was under a fiduciary obligation to inform the company and seek its approval before entering into a profit-making transaction of this kind.
It claimed that to date, neither Azad Cola nor Cola Holdings Ltd has produced any evidence that the IFC loan was in fact repaid.
it added that Cola Holdings Ltd subsequently applied for, and obtained, an order appointing a Receiver to take possession of Oxford No. 1 Hotel.
That order, granted by the court on July 21, 2026, authorises the police to assist Cola Holdings Ltd in taking possession — but they claimed taht order "does not take effect until seven (7) days after the date of the order."
"That period has not yet expired. KRP1 Ltd has instructed Counsel to appeal the decision and to file the applications necessary to restrain Cola Holdings Ltd and the Receiver from taking possession pending determination of the appeal," the press release added.
It said Cola Holdings Ltd was separately seeking to recover the same sum — which it claims to have paid to IFC — from Nana Kwame Bediako personally, in parallel proceedings.
It said Cola Holdings Ltd is therefore pursuing recovery of the same amount from both KRP1 Ltd and Mr Bediako individually and therefore "management does not believe the courts of Ghana will permit such unjust enrichment."
