Businessman and New Force leader, Nana Kwame Bediako, popularly known as Cheddar, has suffered a major legal setback after the High Court in Accra granted a UK-based company and its appointed Receiver the authority to take possession of the No. 1 Oxford Street Hotel in Osu, with police assistance if necessary.
The Commercial Division 6 of the High Court, presided over by Justice Faraday Johnson, on Tuesday, July 21, 2026, granted the application filed by Cola Holdings and its Receiver, Nii Amanor Dodoo, following the refusal of the current occupants of the property to surrender possession voluntarily.
The hotel is currently occupied by Kensington Residential Partners 1 Limited, a company whose director is Nana Kwame Bediako. The company opposed the application, arguing against the Receiver’s attempt to take over the property. However, the court dismissed its objections and ruled in favour of Cola Holdings.
According to court documents, Justice Johnson held that Cola Holdings had complied with the legal requirements under the Borrowers and Lenders Act, 2020 (Act 1052), having properly registered its security interest over the property and obtained the necessary approvals to enforce its rights as a secured lender.
The court further found that Kensington Residential Partners 1 Limited failed to present sufficient evidence to justify preventing the Receiver from taking possession of the hotel.
The ruling effectively authorises Receiver Nii Amanor Dodoo to assume control of the No. 1 Oxford Street Hotel. The court also permitted the use of police assistance to enforce the order should there be any resistance to the takeover.
Cola Holdings and the Receiver were represented by legal practitioners Tsatsu Tsikata and Tata Kosi Foliba, while Kensington Residential Partners 1 Limited was represented by Bobby Banson and Isaac Akerefie-Mensah.
The decision marks a significant victory for Cola Holdings in the ongoing dispute over the ownership and control of the high-profile hotel property located in the heart of Osu and represents a major legal blow to Cheddar’s company, which had sought to retain possession of the facility.
