The Accra High Court has issued a decisive ruling reversing a previous takeover of the No. 1 Oxford Street Hotel, effectively restoring ownership to Keningston Residential Partners 1 Limited, following a lengthy legal battle involving businessman Nana Kwame Bediako, better known as Cheddar. The ruling, delivered by Justice John-Mark Nuku Alifo, represents a significant shift in the dynamics surrounding the property’s acquisition, marking the culmination of a complex legal dispute initiated on July 23, 2026. The previous takeover, orchestrated by Nii Amanor Dodoo and Cola Holdings Limited, was deemed unlawful by the Court of Appeal and a violation of established legal procedures.
The court’s decision stems from a thorough review of the July 23 takeover, which was initiated by Cheddar’s partners. The initial agreement, detailed in court documents, stipulated a fifteen-month period for the transfer of control of the hotel. However, the High Court found that the takeover was not authorized by the relevant regulatory bodies and constituted a breach of the court’s own rules. The core of the issue revolved around the lack of proper consent from the Receiver of Claims, a process deemed necessary for a legal transfer of ownership. Justice Alifo’s judgment explicitly stated that the July 23 takeover was unlawful, a critical step in restoring the hotel to its rightful owner.
Following the ruling, the court ordered the respondents – Nii Amanor Dodoo and Cola Holdings Limited – to immediately return possession of the No. 1 Oxford Street Hotel to Keningston Residential Partners 1 Limited. This includes the transfer of all keys, access codes, financial records, books, and monies seized during the takeover period. The High Court Registrar has been tasked with overseeing this handover, ensuring a transparent and efficient process. Specifically, the court ordered a joint inventory of the hotel, its assets, and other items held by the respondents, a crucial step in verifying the complete scope of the seizure.
The ruling’s implications are substantial, particularly given the ongoing dispute between Cheddar’s partner and Cola Holdings Limited. This partner is seeking to seize the No. 1 Oxford Street Hotel, citing concerns about the hotel’s management and a perceived lack of transparency. The court’s decision effectively reverses the July 23 takeover, restoring Keningston Residential Partners 1 Limited’s control of the property, subject to any further legal action arising from the initial dispute. The court’s directive emphasizes the importance of adhering to established legal procedures and the authority of the Receiver of Claims in securing the transfer of ownership. The full financial accounts related to the receivership, as detailed in the original documents, are now required to be submitted within seven days, adding another layer of scrutiny to the proceedings.
Legal experts emphasize that this ruling doesn’t necessarily resolve the entire dispute, but it establishes a clear framework for the return of the hotel and the restoration of ownership. The court has emphasized the importance of compliance with all legal requirements and the need for a fair and transparent process in the future.”
This decision is a significant development in the case and will undoubtedly have far-reaching consequences for the hotel industry and the relationship between Cheddar’s partners and the relevant authorities.
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Source: Adom Online
