{
  "id": 19533780,
  "title": "IFC loan: Nana Bediako returns to UK court over $14.9m judgment against him",
  "url": "https://urgent.news/2026/11/11/ifc-loan-nana-bediako-returns-to-uk-court-over-14-9m-judgment-against",
  "topic": "world",
  "section": "World",
  "published": "2026-11-11T17:32:03.000Z",
  "source": {
    "name": "Daily Post Nigeria",
    "slug": "daily-post-nigeria",
    "url": "https://dailypost.ng/2026/11/11/ifc-loan-nana-bediako-returns-to-uk-court-over-14-9m-judgment-against-him/"
  },
  "original_language": "en",
  "account": "Former Ghanaian presidential contender Nana Kwame Bediako, widely known as Cheddar, has once again appeared before the United Kingdom High Court to contest a $14.9 million judgment against him in a property dispute with Cola Holdings Limited. Bediako aims to invalidate the January 2025 ruling, which held that a deed of indemnity within the case included a signature he claimed he did not grant. The controversy revolves around a $18 million loan acquired from the International Finance Corporation (IFC) to build the No. 1 Oxford Street, an 108-unit serviced apartment complex in Accra. Cola Holdings alleged that Bediako was obligated to contribute half of the remaining loan when it was called in April 2023, resulting in the judgment against him. However, in newly filed legal documentation by his attorneys, Bediako contends that his signature was electronically added to the contentious document without his consent, asserting he was away in Nigeria at the time of the signing. Bediako's legal team did not assert any claim of bribery but instead argued that the Rolex watch gift from Azad Cola in 2018 raised questions about their professional relationship. The politician seeks the court to annul the judgment and compensate him for damages stemming from the decision. Conversely, Cola Holdings has dismissed these allegations, vowing to present a thorough defense before the UK High Court. This ongoing legal battle will determine the fate of the initial $14.9 million judgment against Bediako.",
  "summary": "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 […] IFC loan: Nana Bediako returns to UK court over…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}