For failing to submit its annual accounts, authorities in the United Kingdom, UK, have struck off Next International (UK) Limited, a company largely owned by Nigerian top politician and presidential candidate of the Labour Party, Peter Obi.

Checks by PREMIUM TIMES revealed that 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 Companies House for non-submission of annual accounts or failure to notify Companies 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.

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

Source: Premium Times