MyJoyOnline· 5h ago· 1 min read
Management of Oxford No. 1 Hotel has dismissed reports that the facility has been taken over by a receiver appointed by Cola Holdings Ltd, insisting that the hotel remains under the possession and control of Kensington Residential Partners 1 Limited (KRP1 Ltd).
In a statement issued on Thursday, July 23, management said the hotel continues to operate under its directors and management, urging staff, customers and the general public to disregard claims that a receiver has assumed control of the facility.
According to the statement, Oxford No. 1 Hotel was developed and is managed by KRP1 Ltd, a company jointly owned by its directors, Nana Kwame Bediako, popularly known as Cheddar, and Azad Cola.
Management explained that the project was financed through shareholder capital and a loan from the International Finance Corporation (IFC), but the COVID-19 pandemic disrupted operations after…
Continue reading at MyJoyOnlineDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
Minority Caucus describes Mid-Year Budget as “Kwashiorkor” document
6h ago
Read More
Helmet for Life: Why Ghana must make every ride a safer one
6h ago
Read More
Mahama secures AU Commitment to place xenophobic attacks on the agenda of the next Summit
4h ago
Read More
Over GH¢296k lost to restaurant and food-vendor impersonation scams – CSA
6h ago
Read More
Mahama and Burundian counterpart hold bilateral meeting in Accra
6h ago
Read More
Government begins 87 road projects under Big Push Programme
6h ago
Read MoreLatest in Top Stories
Atta Mills, Fourteen Years On: A Better Ghana, Still Unbuilt.
News Ghana · 4h ago
The recovery belongs to every trader, entrepreneur, worker who persevered through difficult times - Finance Minister
3News · 4h ago
Airtel Africa dials up London for mobile money IPO
MyJoyOnline · 5h ago
Where is the man who put us in debt? – Majority Leader demands Ofori-Atta’s return
MyJoyOnline · 5h ago
Mahama and Wadagni call for strengthening Ghana-Benin relations
MyJoyOnline · 6h ago
Kow Essuman criticises Ato Forson over unpaid arrears for former Presidency staff
MyJoyOnline · 6h ago
Biometric verification of Ghana Card now mandatory – Interior Minister
MyJoyOnline · 6h ago
Roads Minister commends EPCG for its enormous contribution to national development
MyJoyOnline · 6h ago
Most Read Today
US lawmaker seeks Nnamdi Kanu’s release
Punch · 1h ago
Ukraine drone attack hits Russia’s Amazon warehouse
Punch · 4h ago
Indian activist ends 26-day hunger strike over exam leaks
Punch · 2h ago
Kano govt declares ‘Daba’ illegal, orders crackdown on practice
Daily Post · 3h ago
World Cup 2026 final in photos: Spain triumphs as football crowns a new champion
CNBC · 4d ago