Businessman and New Force leader Nana Kwame Bediako (Cheddar) has suffered a significant legal defeat after the Accra High Court authorised a UK‑based company, Cola Holdings, and its appointed Receiver, Nii Amanor Dodoo, to take possession of the plush No. 1 Oxford Street Hotel in Osu — with police support if required.
The ruling, delivered on Tuesday, July 21, 2026, by Justice Faraday Johnson of the Commercial Division 6, followed the refusal of the current occupants to voluntarily surrender the multi‑million‑dollar property.
The hotel is presently occupied by Kensington Residential Partners 1 Limited, a company linked to Cheddar. The firm opposed the takeover bid, arguing that the Receiver lacked the legal basis to assume control. The court disagreed.
According to the judgment, Cola Holdings had fully complied with the Borrowers and Lenders Act, 2020 (Act 1052), properly registering its security interest and obtaining the necessary approvals to enforce its rights as a secured lender. Justice Johnson held that Kensington Residential Partners 1 Limited failed to provide sufficient evidence to block the Receiver’s move.
The decision empowers Receiver Nii Amanor Dodoo to immediately assume control of the hotel, with the court explicitly permitting the use of police assistance should there be any resistance.
Legal giants Tsatsu Tsikata and Tata Kosi Foliba represented Cola Holdings and the Receiver, while Bobby Banson and Isaac Akerefie‑Mensah appeared for Kensington Residential Partners 1 Limited.
The ruling marks a major victory for Cola Holdings in the fierce dispute over the landmark Osu property — and a sharp legal setback for Cheddar’s company, which had fought to maintain possession of the high‑profile hotel.
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