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Businessman and President of the Kwarleyz Group, Nana Kwame Bediako, popularly known as Cheddar, has issued a public statement to address media reports suggesting that a Ghanaian High Court has enforced a UK court judgment ordering him to pay US$14.9 million to Cola Holdings Limited.
In the statement dated Friday, January 23, 2026, Nana Kwame Bediako clarified that the legal process surrounding the judgment is still ongoing and that the public narrative does not accurately reflect the facts of the case.
According to him, he has never contracted any loan from Cola Holdings Limited, nor has the company paid him any money. He explained that the transaction at the center of the dispute relates to a loan contracted by Kensington Residential Partners 1 Limited (KRP 1) from the International Finance Corporation (IFC). He noted that KRP 1 is jointly owned by himself and Mr. Azad Cola, who is also the owner of Cola Holdings Limited.
Mr. Bediako stated that he was taken by surprise when Cola Holdings initiated legal proceedings against him personally in the United Kingdom to recover a debt that was contracted by KRP 1. He further revealed that the lawyers he engaged in the UK failed to file any defence processes on his behalf, a development that contributed to the judgment being delivered against him.
Following attempts to enforce the UK judgment in Ghana, Nana Kwame Bediako said he instructed his lawyers to resist the enforcement on the grounds that the judgment was allegedly obtained through fraud and that its enforcement would be against public policy. Although the High Court declined to set aside the registration of the foreign judgment, he confirmed that his legal team has since filed an appeal against that decision.
He also disclosed that additional legal steps have been taken to ensure that the UK judgment is not enforced until all appeal processes are fully exhausted.
Furthermore, Nana Kwame Bediako accused Cola Holdings of attempting to enforce the same debt against two different parties himself and KRP 1—within Ghana’s courts. He described this as an abuse of the court process and an attempt at unjust enrichment. He also alleged that Cola Holdings failed to disclose these parallel proceedings to the UK courts, which he claims amounts to a misrepresentation of material facts.
