Former Ghanaian presidential candidate, Nana Kwame Bediako, popularly known as Cheddar, has returned to the United Kingdom, UK, High Court to challenge a $14.9 million judgment against him in a property dispute with Cola Holdings Limited.
Bediako is seeking to overturn the January 2025 judgment, which found that a deed of indemnity used in the case contained a signature he claimed he neither authorised.
The dispute centres on an $18 million loan obtained from the International Finance Corporation, IFC, to finance the development of No. 1 Oxford Street, a 108-unit serviced apartment complex in Accra.
Cola Holdings had argued that Bediako was responsible for paying half of the outstanding loan when it was called in April 2023, leading to the judgment against him.
However, in a fresh claim filed by his lawyers, Bediako alleged that his signature was electronically inserted into the disputed document without his knowledge.
He claimed that he was in Nigeria when the disputed document was signed.
The politician also questioned the role of his former executive assistant, Reginald Sittie, who reportedly received a Rolex watch from Azad Cola in 2018.
Although Bediako's legal team said it was not alleging bribery, it argued that the gift raised questions about the relationship between the two men.
Bediako is asking the court to set aside the judgment and award him compensation for losses arising from the ruling.
However, Cola Holdings has rejected the allegations. Its representative, Lawrence Cartier, said the company would present a comprehensive defence before the UK High Court.
The latest case will determine whether the original $14.9 million judgment against Bediako should stand.
IFC loan: Nana Bediako returns to UK court over $14.9m judgment against him