The Receiver managing the No. 1 Oxford Street Hotel on behalf of Cola Holdings Limited, Nii Amanor Doodo, has filed an appeal challenging the High Court’s ruling that ordered the property handed back to Nana Kwame Bediako’s Kensington Residential Partners 1 Limited.
Nii Doodo, together with Cola Holdings, a partner company of the businessman popularly known as Cheddar or Freedom Jacob Caesar, has also applied for a stay of execution of the order pending the outcome of the appeal.
Delivering the ruling, Justice John-Mark Alifo, sitting as a vacation judge in Commercial Court 2, set aside the Receiver’s possession of the hotel and ordered that it be re-delivered to Kensington Residential Partners 1 Limited.
In the motion for stay of execution, the Receiver argued that the ruling was in error, inconsistent with the Constitution and the Borrowers and Lenders Act, 2020 (Act 1052), and that it disregarded a binding Court of Appeal decision.
The Notice of Appeal further contends that the vacation court lacked jurisdiction over the matter, arguing that cases from Commercial Court 6, where the matter originated, should have gone before the vacation judge assigned to Commercial Court 8, not Commercial Court 2.
The Receiver described the ruling as “unreasonable and irrational,” saying it effectively hands possession of the hotel to a party that has shown no intention of repaying its debt, and risks restoring conduct that the Borrowers and Lenders Act treats as criminal.
“It is, therefore, in the interest of justice that execution of the orders of His Lordship be stayed pending an appeal which stands a great chance of success,” the Receiver’s affidavit states.
Counsel for the Receiver also indicated they would raise, as a preliminary matter, an error in the judge hearing and ruling on the case despite his vacation-judge mandate not covering suits from Commercial Court 6.
The application for stay of execution has been scheduled for hearing on October 16, 2026.
