Businessman and politician Nana Kwame Bediako has disputed claims surrounding the enforcement of a UK court judgment against him over an alleged US$14.9 million debt, insisting that the legal process is still ongoing and that he never contracted any loan from Cola Holdings Limited.
In a statement issued to media houses on Friday, January 23, 2026, Mr. Bediako said his attention had been drawn to reports suggesting that a Ghanaian High Court had enforced a UK judgment obtained by Cola Holdings against him personally.
According to him, the debt in question did not arise from any transaction between himself and Cola Holdings. He explained that the loan was contracted by Kensington Residential Partners 1 Limited (KRP 1) from the International Finance Corporation (IFC), adding that Cola Holdings neither paid any money to him nor entered into any loan agreement with him personally.
Mr. Bediako stated that he was surprised to learn that Cola Holdings had initiated legal action against him in the United Kingdom to recover a loan contracted by KRP 1, even as discussions were still ongoing with representatives of the company to clarify the matter. He further revealed that a judgment date was fixed in the UK without his knowledge, and that lawyers engaged on his behalf in the UK failed to file any defence processes in the suit.
Following the registration of the UK judgment in Ghana, Mr. Bediako said he instructed his lawyers to resist its enforcement, arguing that the judgment was allegedly obtained by fraud and that enforcing it would be against public policy. Although a High Court Judge declined to set aside the registration of the foreign judgment, he disclosed that his legal team has since filed an appeal against that decision.
He added that further legal steps have been taken to ensure that the UK judgment is not enforced in Ghana pending the exhaustion of all appeal processes.
Mr. Bediako also raised concerns over what he described as an attempt by Cola Holdings to pursue multiple recoveries of the same debt. He noted that while the company is seeking to enforce the UK judgment against him personally, it has also commenced separate proceedings in Ghana to recover the same debt from KRP 1.
He described the move as an abuse of the court process and a clear case of unjust enrichment, stressing that the matter remains before the courts and is far from concluded.
By: Bernard Mensah/Planbfmonline.com
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