By Nana Edeh
In GHANA
ACCRA-Nana Kwame Bediako is seeking compensation from the Cola family for what he describes as the “serious losses” caused by a $14.9 million High Court judgment against him.
The compensation claim is part of a wider challenge filed in London at the end of October 2026. Mr Bediako is asking the court both to set aside the January 2025 judgment won by Cola Holdings Limited and to order the family to compensate him.
The judgment arose from No. 1 Oxford Street in Accra, a 108-unit serviced apartment building developed by Mr Bediako and Azad Cola. After an $18 million loan for the project was called in in April 2023, Cola Holdings sought to hold Mr Bediako liable for half. Its case relied on a deed of indemnity bearing his signature.
Mr Bediako says he did not sign that deed and was in Nigeria on 18 January 2018, the day it was supposedly signed in Accra. His claim alleges that the deed was “procured by fraud”, and that Cola Holdings “either knew, or were recklessly indifferent to the fact, that representations made to the court were false”.
The dispute is now being fought on two fronts. As well as the London proceedings, Cola Holdings is seeking possession of No. 1 Oxford Street through separate receivership proceedings in Ghana. The building is currently not accepting reservations “due to circumstances beyond our control”, according to its website.
The Times, which reported the case on 8 November 2026, says Mr Bediako has asked that the original judgment be set aside and that the Cola family pay compensation for the “serious losses” he claims to have suffered as a result of the ruling.
Lawrence Cartier, representing Cola Holdings, said the family “categorically denies the claims made” and will submit “a comprehensive defence” in the coming weeks.
