UK shuts Peter Obi’s company

Authorities in the United Kingdom, have struck off Next International (UK) limited, a company largely owned by the presidential candidate of the Labour Party, Peter Obi.

The company was struck off for failing to submit its annual accounts.

Reports say the company was removed from the record in September 2021, following a first and second gazette notice of compulsory strike off of the entity.

In the UK, a compulsory strike-off is imposed on a company by creditors or by the company’s house for non-submission of annual accounts or failure to notify company’s house about a change of official registered office address.

Once a company is struck off, its details will be removed from the companies house register and the company ceases to exist.1m

Next International (UK) limited failed to submit its annual accounts for the year 2020, hence, the company was struck off and dissolved in 2021.