Businessman Nana Kwame Bediako, has asked the High Court in London to overturn a $14.9 million judgment entered against him in January 2025.
Bediako claims the judgment relied on a forged deed of indemnity. He says he was in Nigeria on 18 January 2018, the date the document was allegedly signed, and suspects an electronic copy of his signature may have been used without his knowledge or consent. The deed bears a signature said to have been witnessed by his then executive assistant.
Cola Holdings, the London-based hotel and property company linked to Bediako’s business partner Azad Cola, maintains that the deed makes him liable for his share of a loan repayment. The company says it guaranteed a loan from the International Finance Corporation for a property development in Accra, paid it off after the borrower defaulted, and took over the IFC’s rights.
The English High Court ordered Bediako to pay $14,928,314.70 plus interest at 8 per cent a year. The judgment was later registered in Ghana, where related enforcement proceedings continue.
The dispute is now being contested in both the UK and Ghana.
