The High Court in Accra on Friday (Aug 21, 2026) ordered that the No. 1 Oxford Street Hotel be handed back to Nana Kwame Bediako's Kensington Residential Partners 1 Ltd.
The Receiver, Nii Amanor Doodo, who took over the No.1 Oxford Street Hotel on behalf of Cola Holdings Ltd, has, however, filed an appeal against the Friday ruling together with Cola Holdings, a partner company company of businessman, Nana Kwame Bediako, commonly known as Cheddar or Freedom Jacob Caesar.
The High Court in Accra presided over by Justice John-Mark Alifo following an appeal by Bediako's compay on Friday, set aside the Receiver's possession of the property and ordered him to re-deliver the hotel to Bediako's Kensington Residential Partners 1 Ltd.
In the motion asking for a stay of execution of the order to re-deliver the hotel, the Receiver argued that the ruling was patently in error, inconsistent with the Constitution and the Borrowers and Lenders Act, 2020 (Act 1052), and disregarded a binding decision of the Court of Appeal.
In the Notice of Appeal, the Receiver also contends that the vacation court, sitting as Commercial Court 2, had no jurisdiction over the matter.
Cheddar's Kensington Residential Partners 1 Ltd. had appealed the possession of the No.1 Oxford Street Hotel by the Receiver and Cola Holdings.
When the matter came up in court on Friday morning, the vacation judge in Commercial Court 2, Justice John-Mark Alifo set aside the possession by the Receiver and ordered that the property should be re-delivered to Kensington Residential Properties.
According to the affidavit in support of the application for stay of execution, the Receiver indicated that it was clear that cases from Commercial Court 6 were to go before the vacation judge in Commercial Court 8.
The Receiver described the ruling as "unreasonable and irrational," arguing that it effectively seeks to give possession of No.1 Oxford Street Hotel to a party that has not demonstrated any intention to repay the debt. It further contends that the ruling seeks to restore conduct that the Borrowers and Lenders Act treats as criminal.
"It is, therefore, in the interest of justice that execution of the orders of His Lordship be stayed pending an appeal which stands a great chance of success," the affidavit states.
The Receiver also indicated that counsel would, as a preliminary matter, ask His Lordship to correct the error in hearing and ruling on the application when his warrant as a vacation judge did not include a suit in Commercial Court 6.
The application for stay of execution has been set for hearing on October 16, 2026.
