Former Ghanaian presidential candidate Nana Kwame Bediako, popularly known as “Cheddar,” has appeared before the United Kingdom High Court to contest a US$14.9 million judgment handed down in January 2025 in a property dispute with Cola Holdings Limited.
The judgment found that a deed of indemnity used in the case contained a signature that Bediako says he never authorised. The dispute stems from an US$18 million loan obtained from the International Finance Corporation (IFC) to fund the development of No. 1 Oxford Street, a 108‑unit serviced‑apartment complex in Accra. Cola Holdings argued that Bediako was liable for half of the outstanding loan when it was called in April 2023, a position that underpinned the court’s original ruling.
In a fresh claim filed by his lawyers, Bediako alleges that his signature was electronically inserted into the contested document without his knowledge and that he was in Nigeria when the deed was signed. He also raised questions about his former executive assistant, Reginald Sittie, who reportedly received a Rolex watch from Azad Cola in 2018. While Bediako’s legal team says it is not alleging bribery, it argues that the gift casts doubt on the relationship between the two men.
Cola Holdings rejected the new allegations. Company representative Lawrence Cartier said the firm would mount a comprehensive defence before the UK High Court and maintain that the original judgment remains valid.
Bediako is asking the court to set aside the US$14.9 million judgment and to award him compensation for losses he says resulted from the ruling. The upcoming hearing will determine whether the original judgment will stand.
<small>Source: Daily Post Nigeria — read the original story there.</small>
