Businessman Nana Kwame Bediako has filed a fresh claim in the High Court of London, contesting a £14.9 million judgment that was secured against him by Cola Holdings Limited. The court action centers on a deed of indemnity that Cola used to prove Bediako’s liability for half of an £18 million loan used to finance a serviced‑apartment development at No. 1 Oxford Street in Accra.
In his filing, Bediako alleges that the signature on the January 18, 2018 deed was not his. He says he was in Nigeria on that date and does not know how a signature bearing his name appeared on the document, which was reportedly signed at his Accra office and witnessed by his former executive assistant, Reginald Sittie.
His lawyers argue that the most likely explanation is that an electronic copy of his signature was inserted into the deed without his knowledge or consent. The claim also raises questions about Sittie’s relationship with Azad Cola, the head of Cola Holdings, noting that Sittie had worked directly for Cola and had received a Rolex watch from him in spring 2018. Bediako does not allege bribery but suggests the gift may have compromised Sittie’s independence.
Mr Bediako seeks to set aside the January 2025 judgment and claims compensation for losses he says he has suffered. Cola Holdings, represented by Lawrence Cartier, has denied the allegations and says it will submit a comprehensive defence.
The case is being heard in London’s High Court and will determine whether the signature dispute can invalidate the judgment and the loan guarantee.
